Diversified financial services employers span both consumer and commercial markets. With hubs in major cities like New York, Dallas, Wilmington (DE), Phoenix (AZ), Shanghai, China, Mumbai, India, and many more, this industry offers a global stage to build your career. It’s a favorite to students especially those drawn to commercial banking, insurance, and leading organizations such as American Express, TIAA, Citi Consumer, and Discover. From commercial lending and business development to corporate development and brand management, the opportunities are varied.
What is a recruiting trend that I should keep in mind as I conduct my internship/job search?
This industry is stable and hiring in many areas like insurance, commercial banking and community lending hiring for such roles as Business Development, Product Management, Product Strategy, Risk Management, Marketing, and even Leadership Development Programs (LDP). Locations are spread across various geographies and recruiting engagements are a mix of in person on campus and virtual.
Networking is key to entering the industry, and connecting with alumni is a great way to learn more about an organization. Attending events will also help build your network. There are many roles, making it attractive students should apply before the deadlines, as applications are reviewed on a rolling basis, and so many close early given the many applications.
What is the recruiting approach that I should keep in mind as I conduct my internship/job search?
There are organizations which follow the internship-to-full-time path, and others recruit for full-time roles across functions, including for LDP programs. While some organizations host on-campus engagements, especially info sessions, there is also strong interest in hosting virtual coffee chats and interviews.
There also is consistent “just-in-time” recruiting for both internship and full-time, with jobs posted throughout the year. For these employers, recruiting occurs on a rolling basis throughout the calendar year, with no set timing, and they engage with students as applications are submitted.
Does this industry embrace applicants who are looking to pivot?
Pivoting in this industry is possible, as there are a variety of roles, but prior functional experience is helpful.
How important is networking?
Networking with alumni and hiring managers is important. Opportunities will exist to build a network through employer engagements, conferences, and club engagements.
Is there anything unique about the interviewing process?
Interviewing is typically behavioral and technical or case interview.
What does recruiting look like?
Some organizations use the internship-to-full-time pathway, but the majority of roles are full-time, and LDP opportunities are also available.
RESOURCE GUIDE
- https://cdo.som.yale.edu/channels/finance/ (CDO website)
- Hey CMS, how can I… (CDO website)
- Outcomes Index (CMS)
- Salary Database (CMS)
- Offer Timeline (CMS)
- Offer Job Source (CMS)
- Offer Trends (CMS)
Written with support from ChatGPT
