Sophomore Rotational Program

good luck getting into it.

Value - Probably one of the best things you can do if as a Soph going into banking.

Selectivity - yeah, good luck.

Its one of the best things you could do - often gets you a SA position for the next year, which in turn gets you FT the year after.

Its uber selective, look for other internships rather than sophomore programs. Morgan Stanley, JP Morgan, and Citigroup all have almost identical programs.

Do sophomore rotationals work typical summer analyst IBD hours?

yup...all the soph summers i know are working typical ibd hrs except at citi where they are not allowed to work more than 40hrs a week due to compensation reasons...

by the way goldman sachs has a sophomore program..good luck getting that..theres no place to even apply for it..its just for the big hitters...

B/S on Citi. They can and are working over 40 hours/week. I know that is a fact.

So who would be the average participant of a program like this?... School/GPA/EC/etc.

I'd be interested in this as well.

I know for a fact Goldman's soph. program is not 96% Harvard. If multiple UT kids got in, then they must have hundreds of kids in this program and none from any other school, or else the figure you came up with is fictitious. From what I hear it's not too hard to get, esp. if you're URM.

wtf is UT?

O RLY? U DUNNO?

Goldman's is irrelevant since I believe it is only for URM'S. Morgan Stanley's and Citigroup's appear to be open to all rising juniors. Anyone else know anyone who's done it...

What do you guys think of "summer immersion programs"? I know some banks like CS give a select group of sophomores a 3-day orientation to IB. Any value to these?

by the way goldman sachs has a sophomore program..good luck getting that..theres no place to even apply for it..its just for the big hitters...

How do they get it then - Purely networking? If you know someone, you get an interview and then they select from there?

If anyone knows, please fill me in.

They send out emails to kids in certain programs.

The Citi thing is true

They send out emails to kids in certain programs.

What do you mean by "programs"? Certain schools?

My friends and I applied to some of these sophomore programs. One made it to Morgan Stanley IBD SRP final rounds, which had 3 interviews. I think MS has an IBD SRP and an institutional equities SRP?

Also don't forget to look into the Merrill Lynch soph program, UBS COO internship, Lehman SRP, Goldman has an equity/ficc 1-week program in the spring for sophomores. Good luck!

Try to get into Goizueta first, have you applied for the BBA yet?

If the BBs overlook you, you can always try Suntrust. Not as good, but still looks good if you want to go MM.

I'm not too worried about Goizueta if I apply... 4.0 GPA, 800 Math Section SAT1, etc.... I'd just like to know who the average participant in these programs would be. DoeEyed, what were your friend's stats.

average participant..same kind of features as a summer analyst with 1yr less experience and possibly no finance experience at all..

same high gpa's, ec's, leadership exp, most of the competition is on an academic basis for these programs as they don't expect any job experience.

one good thing is that its easier for you to network into these programs compared to the junior summer analyst programs

friend's stats - ivy, 3.8-9 gpa, perfect sat

jkh, assuming your ec's are good, it's going to come down to how well you interview. agree with above, networking is crucial.

What about people working at a firm during their Sophomore and Junior years? My HR generalist at Lehman hinted that I could "pick a division" for a co-op (12-15 hrs/wk) during the year.

I'm going to school in NYC, so I'm sure that helps. Anyone have any insight into programs for those of us looking to gain experience (and/or cash) during the year?

u can pick a back end division think operations or asset management for work during the regular school year..but i heard its pretty hard to get into the front office during the school year as hr mostly doesnt really have any pull in that decision. during the school year, md's directly hire people into their groups so if you could find associates or vp's that you could convince, more grease to your elbow :)

I read in a school newspaper (non-target) where one girl worked at Lehman Brothers private equity division during the school year. It isn't impossible, but is possible.
I think ezpass2hell is right on knowing someone because she got the internship through her professor's contacts who are pretty high up in the company.

You have to be on an HR person's mailing list.

Is this the area where you need help from contacts? Other ways...?

I sound like a fucking parrot repeating everything back...Hah

Thanks for the help!

from the interns i've seen at my bank..news making rounds is that their so many people with the same qualifications now..even from top ivy's..

so right now it turns to who has the wider network...

for the first time, i saw a harvard kid with a 3.54 in the summer analyst program for jrs who didnt get in through campus recruiting but had to use her contacts within the bank

A 3.54 at Harvard? I didn't know that was supposed to be strong?

to theHam1: I didn't have a contact before I was put on the mailing list. I think they ask the advisors about the top students, or just look at students in an honors program with a certain GPA. I would ask your campus career center if they get notices from Goldman, and if they do, request to be forwarded on them.

Thank you, TooLeveraged.

I will call them ASAP.

im not bashing a public U..but their 2nd tier for recruiting for a reason..

i could count the number of UT students in all the major summer analyst programs in a matter of seconds..

that obviously has something to say about how qualified they are..

A certain BB has 11, only 2 guys. And yes, there is one from UT and one from Spelman College. Go figure, Ivy fuckheads.

Anybody know how competitive these rotational programs are? Is one in particular a lot more competitive than the others, especially the one-week thing that GS has?

like how hard is it to read previous posts.

as competitive as the summer program..just that it's for rising juniors not rising seniors..

It's probably more competitive than the rising senior program as the avg number of sophomore interns is 30 at every BB

can you define what "good ECs" are? honestly, as a freshman, you can only do so much

Bank of America has a sophomore program too. Last year it was 16 kids, of which 11 were from Penn. Others were from SEO.

hey guys...im gonna be a sophomore at purdue in Industrial engineering (top 3 annually). My gpa is decent (3.76), do i have a shot for next summer...im doing an internship for IE right now. Also, I'm going to take two prob/stats classes, an engineering econ class, and either two accounting classes or two econ classes...which would be better?

dude...purdue has no real shot.. try and network..better for you when an md can't even get his own family member into my BB.. you know theres a problem somewhere.

and stop quoting that top 3 stat..only purdue students tell themselves..no one else knows it..

in a sophmore program it is more fit than for a junior program in terms of getting a spot. They expect you to have a general idea of banking but most soph programs are geared to act as a feeder program and see how well you would fit into that company. All the people that get interviews are from top schools with great gpas and e.c. what seperates people is if they fit into the culture. People with 4.0s from columbia and harvard have been turned away for a 3.7 kid bc they didnt fit the culture and have the personality...the technical stuff you really need to know for junior year. So dont worry about what classes to take and what not right now, work on getting experience through a boutique or something similar and show the bank that you can fit into a bank instead of being a aanna be or some who should be placed in a quant program (which is still respectable.) Also network and get in touch with hr people especially if your a non-target (which there will be a spot or two in each class except. gs and ms)

thanx vdubs

Also, how much does joining a program like SEO help my chances of getting an interview with a BB?

If you are accepted from SEO, you are pretty much guaranteed an internship at a BB.