MFin Career Question of the Week: I’m an 18 month student, and I’m wondering WHEN I should start taking action for full-time recruiting?

I’m an 18 month student, and I’m wondering when I should start taking action for full-time recruiting?

As students are getting into the swing of the spring semester, we’re starting to hear more questions around full-time recruiting from 18-month students.  While each situation is unique and will benefit from individual attention and a strategy discussion with your career advisor, here are some basic guidelines to keep in mind: 

  • If you are still working on securing a summer internship, keep your focus on that for now (and attend the March 1st MFin CDO session on 2023 Spring Recruiting Strategies & Trends) 
  • Offers for many full-time roles (but not all) typically come in early fall – Sept and October 
  • Often, companies need to assess who has accepted return offers from summer internships before going out to the general market to hire for a full-time Analyst or Associate positions 
  • Timelines for investment banking and consulting are fairly structured (see timelines here), but other functions such as quant trading/research, portfolio management, risk management, and private equity/venture capital hire for full-time roles throughout the year and are less structured, so understanding historical practices and growth trends of your target companies will be extremely beneficial 
  • The best thing you can do for your full-time recruiting prospects is to get a return offer from your internship, even if your goal is to change directions 
  • Networking is a key component to your full-time recruiting success, and you can start that at anytime 

For full-time recruiting, understanding the hiring timeline (if it exists) for the industry you are targeting will be important. Even more helpful will be to understand when your target companies have hired for full-time positions in the past, and for which roles.  A helpful place to start is the Career Central company activity, to see which roles have been posted and when. 

Next step: Reach out to your career advisor anytime! We’re excited to engage in this conversation with you based on your specific career goals.  

Please see the follow-up Question of the Week on how to start taking action for full-time recruiting! 

By MIT Sloan CDO