MBAs, as has been well-noted in recent weeks, are choosing to stay away from investment banking and are gravitating towards more glamorous positions in tech companies or taking the traditional route into consulting. The finance industry remains keen to hire MBAs, however, and still offers the highest proportion of jobs to business school graduates globally. However, this year in Europe it appears that investment banks are remaining cautious about recruiting MBAs – a lot of associate programmes are closed already, with only summer internships on offer. Other banks are only hiring for a limited number of functions. Here’s the breakdown of what’s on offer in London currently.
Bank of America Merrill Lynch
Associate summer internship:
Divisions available: Corporate and investment banking
Deadline: 31 January 2015
Where to apply: Bank of America’s careers website.
Citigroup:
Full-time associate programmes:
Divisions available: Finance, Global engagement management, treasury and trade solutions
Deadline: Recruits on a rolling basis
Associate summer internships:
Divisions available: Investment banking, sales and trading, securities and fund services, treasury and trade solutions, finance.
Deadline: Recruits on a rolling basis.
Where to apply: Citigroup’s graduate recruitment website.
Credit Suisse
Full-time associate programmes:
Divisions available: Investment banking, fixed income, equities.
Deadline: 21 November 2014
Summer associate programme:
Divisions available: Investment banking, fixed income, equities.
Deadline: 31 January 2015
Where to apply: Credit Suisse’s graduate website
Deutsche Bank
Full-time associate programmes:
Divisions available: Corporate finance, Research, Group strategy and in-house consulting
Deadline: 21 November 2014
Summer associate programme:
Divisions available: Corporate finance
Deadline: 28 December 2014
Where to apply: Deutsche Bank’s Associate website
Goldman Sachs
Full-time associate programmes
Divisions available: Not stated
Summer associate programme:
Divisions available: Not stated
Deadline: 7 December 2014
Where to apply: Goldman Sachs’ careers website
HSBC Global Banking and Markets
Full-time associate programmes:
Divisions available: Advisory
Deadline: 24 November 2014
Summer associate programme:
Divisions available: Advisory
Deadline: 12 January 2015
Where to apply: HSBC’s graduate website
JPMorgan
Full-time associate programmes:
Divisions available: Quantitative research
Deadline: 30 November 2014
Summer associate programmes:
Divisions available: Wealth management
Deadline: 16 January 2015
Where to apply: JPMorgan’s careers centre
Morgan Stanley
Full-time associate programmes:
Divisions available: Strats & modelling quantitative finance
Deadline: 6 December 2014
Summer associate programmes:
Divisions available: Investment banking
Deadline: 15 December 2014
Where to apply: Morgan Stanley’s graduate careers page
Nomura:
Summer Associate programmes:
Divisions available: Investment banking
Deadline: 1 February 2015
Where to apply: Nomura’s careers website