Ask any undergraduate student about the “investment banking recruiting timeline,” and you’ll always get the same response: everything starts ridiculously early.

Back in ancient times, recruiting took place during your 3rd year of undergraduate, and you interviewed for summer internships several months before they began.

But then banks realized that Facebook and Google also pay pretty well and offer better work/life balance, so they started to recruit earlier and earlier to lock in talent and make finance appear more “exclusive.”

Recruiters at banks tend to copy each other, so once one bank started to recruit early, everyone else joined in.

In practice, that means that if you’re not prepared for IB recruiting by the start of your 2nd year, you’re probably not going to join a large bank right out of undergrad.

Source - Read More at: www.mergersandinquisitions.com

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