Equity Research SA 2021

Hi Monkeys,

After scanning the ER forum, it doesn't seem like a ER SA 2021 recruiting thread has been created yet. Seems like it's beginning to become appropriate.

To my knowledge:

  • RBC ER was either closed or taken down (ended in Feb.) - timeline is TBD
  • Fidelity closes soon (MD said it closes Mar. 24th but it looks like the timeline may be pushed back)
  • CS is open

Please correct me if any of this is wrong.

Thanks

 
Most Helpful

Incoming ER Summer Analyst at BB here. As a heads up, you guys have a long wait before hearing any news. Almost all ER departments won't start the recruiting process until the fall. Personally, I had 5 first rounds last year. The earliest was late September, and the latest was late October. If I remember correctly, the only firms that recruit in the Spring for ER are Citi, RBC, and Baird.

Also, I wouldn't be surprised if ER departments start scrapping internships programs. Last year, UBS, DB, BMO, and RBC all didn't recruit undergrads for ER. Wouldn't be shocked if more banks follow suit given the tough economic times. If I was in your guys' position, I'd be hedging my bets and recruiting for one other division too

 

OP here. Can confirm what the other commenter said. RBC posted the ER summer analyst role online last year but did not end up accepting any new interns (only rehired interns from their sophomore diversity program). That said, I think that is an exception to the rule. If a firm posts internship positions, they are likely going to accept interns. I just expect a lot fewer firms to post ER intern positions this cycle.

 

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