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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Honestly if the kid is not T20 material, he's going to have a tough time breaking into IB/PE absent a family connection.[/quote]

Op here, DC is not connected [/quote]

My DS has been at a major IB for about 7 years now and I saw the whole process of recruitment,  summer internship and the transition to permanent position.

At GS and JP, the acceptance rates for the summer internship or new analyst positions are around .3 to .4%.

It would help greatly if your DC can graduate from top 20.

If not, it would be slightly easier to get selected as a summer intern and then receive permanent analyst offer (about 60-70%) than applying without  a summer experience.

The connection situation is real as well since I often hear about new analysts who dont really work too hard and that they apparently cannot be fired either.

Also, I remember the application process for the summer position (usually after 3rd year) started extremely early as in about a year and 4 months from the symmer analyst start date so keep that in mind. [/quote]

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