Finding a job at a top investment bank in New York City is very competitive. The major banks like Morgan Stanley, Goldman Sachs, JPMorgan Chase and Citigroup recruit heavily from target schools like Ivy League universities. Networking is also critical to get your resume noticed. This article analyzes the top investment banking recruiters in NYC and provides tips on how to get recruited.
Morgan Stanley and Goldman Sachs lead investment banking recruiting in New York
According to recent data from College Transition, Morgan Stanley and Goldman Sachs are the top two investment banking recruiters among the major banks. They hire the most analysts from target schools and have the largest investment banking presence in New York City. JPMorgan, Citigroup, Bank of America and Credit Suisse round out the top recruiters.
Target schools are critical for investment banking recruitment
The top investment banks focus heavily on target schools for most of their analyst recruiting. Schools like Harvard, Wharton, Columbia and NYU provide a steady pipeline of talent. Strong academic performance, prior internship experience and excellent networking skills are required to get offers from the banks.
Networking plays a vital role in investment banking recruitment
While a target school pedigree carries weight, personal outreach and networking is still very important in the recruiting process. Attending information sessions, career fairs and networking events can help get your resume noticed. Speaking to alumni in investment banking can also provide a boost.
Gaining relevant skills and experience is key for investment banking recruitment
Beyond just academics, recruiters look for relevant skills and experience in potential hires. Coursework or projects involving financial modeling, business analysis and valuations are highly desirable. Prior internships in investment banking, consulting or finance provide hands-on experience that helps during the recruiting and interview process.
The top investment banking recruiters in New York City are Morgan Stanley, Goldman Sachs, JPMorgan, Citigroup and Bank of America. Getting hired requires attending a target school, strong academics, previous experience and extensive networking.