\ 00:00:00,000 --> 00:00:06,766 \ My name is Kim Sprought, and I am the Director of Career for Dyson. \ \ 10 \ 00:00:06,766 --> 00:00:34,855 \ and today I'll be talking to you a little bit about financial services and investment banking. I'll go over a little bit about what that is, because I don't. I don't have a sense of what you know. If everybody's on kind of the same page. But I'll start with that to to make sure that everybody has some baseline, and then we'll go into some more specific information about recruitment tips for recruitment. \ \ 11 \ 00:00:34,856 --> 00:00:53,246 \ things like that. So let me just take a look at where some people are at a lot of people from A&S and some hotelies. Hello, fellow, college of business students. And Hello, Gordy! Nice to see you from Dyson. \ \ 12 \ 00:00:53,246 --> 00:01:14,356 \ so thank you all for joining me today I'm just gonna jump in. I'm gonna go through this information kind of quickly. If at any time you need me to slow down or repeat something. Just unmute yourself or raise your hand and let me know. And then throughout the presentation, go ahead and type your questions into the chat. \ \ 13 \ 00:01:14,696 --> 00:01:20,116 \ and then what I'll do in the questions portion is, go back and answer all of those questions. \ \ 14 \ 00:01:20,126 --> 00:01:33,076 \ Once those questions get answered, we'll then open it up to a live. Q&A. So you can ask any questions at that time. Okay, so let's just jump right in. \ \ 15 \ 00:01:39,116 --> 00:01:56,905 \ Okay, so first, I'm going to go over a financial services overview. Just so like, I said, I want to make sure that everybody is coming from this the same understanding of what financial services is. So to do that we need to look at what a full service investment bank is and what \ \ 16 \ 00:01:56,966 --> 00:02:12,776 \ is included in that. And I find that many times students. When we say investment bank they think only of investment banking, when, in fact, it includes all of these categories that you see investment banking, sales and trading \ \ 17 \ 00:02:12,776 --> 00:02:27,615 \ asset and wealth management, and then equity research. So take, let's take a little bit of a deeper dive into both of these or all of these, I should say so. As you can see for investment banking. This is what students typically think about \ \ 18 \ 00:02:27,616 --> 00:02:43,746 \ when we say an investment bank or financial services. These are usually analysts are the first level that's recruited. And I apologize for if you guys are here, some sirens in the background. I'm actually in the city today. \ \ 19 \ 00:02:43,856 --> 00:03:03,866 \ so apologize for that if that's interfering with you. But these analysts are, think people who work on things like mergers and acquisition, issuance of bonds and stocks, things like that. A public offering so an initial public offering. So these are the people who really do that analysis \ \ 20 \ 00:03:04,056 --> 00:03:11,466 \ in tandem with the work that's going on in those types of things, sales and training is exactly what it it sounds like. \ \ 21 \ 00:03:11,466 --> 00:03:37,006 \ It is a more client facing, facing relationship where a student will or an intern or a first year analyst will sit actually on an assigned desk. Meaning like, you'll be aside a certain thing that you are trading and you'll initiate and execute trades it can be anything from treasuries to stocks, to stocks within specific industries that have a desk. \ \ 22 \ 00:03:37,006 --> 00:03:50,106 \ The desks are identified. And things like that as that. Asset and wealth management. A lot of students get these too confused. If you think about asset management. Think about those are big \ \ 23 \ 00:03:50,136 --> 00:04:16,596 \ clients, right? So pension plans, endowments, financial advisors, things like that. Wealth management is more individualistic where it is high net worth individuals and the high net worth individuals are usually 5 million and up depending on the bank. And then equity research is exactly what it sounds like. \ \ 24 \ 00:04:16,726 --> 00:04:39,135 \ In these positions they analyze the stocks and determine whether or not it would be a good buy or sell recommendation, and then they make those recommendations to the analysts who are doing everything else. And so they're looking at those recommendations based on if they should buy yourself or their clients. \ \ 25 \ 00:04:40,316 --> 00:04:57,175 \ Okay, so let's jump into recruiting. as you may know, recruiting for investment banking particularly happens very, very early. And when I say very, very early. It's sophomore year. \ \ 26 \ 00:04:57,176 --> 00:05:18,206 \ and you're probably thinking, well, can I? I'm not even sure if I want to do it by sophomore year. Yes, I understand that. That's why we're doing this now to let you know kind of what the timeline is. So let's go over the timeline. If you know that you have an interest in investment banking and financial services and I think you do, or you wouldn't be on this call. \ \ 27 \ 00:05:18,626 --> 00:05:43,086 \ You wanna actually start networking in the fall of your sophomore year. So these are this is the time where you're gonna reach out to Cornelians who are already in the industry and connect with them. Do informational interviews. You want to attend information sessions when companies come to campus, all of those sorts of things. \ \ 28 \ 00:05:43,146 --> 00:05:55,555 \ Why is networking in an important for financial services. It's important because it's one of the things that many banks look at when determining who to hire for internships \ \ 29 \ 00:05:55,556 --> 00:06:18,195 \ and full time positions. They want to see that you are engaging with them on many different levels. So it's important for that. It's also super important, because this is your choice, even though there are a number of different investment banks out there. Not all of them have the same culture. So you really want to make sure that you're doing \ \ 30 \ 00:06:18,196 --> 00:06:28,135 \ that networking and getting to know the people who work there, getting to know the specific culture at the bank so that you can make the right decision for yourself \ \ 31 \ 00:06:28,756 --> 00:06:40,185 \ in December we that's usually when we start to see some early career diversity applications start to launch. Is in December of your sophomore year. \ \ 32 \ 00:06:40,236 --> 00:06:56,715 \ then we recommend that even in the fall, and then definitely over winter break is when you begin your technical prep. So as many of you may know, within investment banking. The final round interview is what's called a super day. \ \ 33 \ 00:06:56,906 --> 00:07:08,136 \ and that is usually focused on technical skills. So they want to, and we'll go into this a little bit more. But the prep for it is what you want to do over winter break. \ \ 34 \ 00:07:08,246 --> 00:07:32,245 \ and then really, the bulk of recruitment happens, you know, starts to happen in February- March and goes right through usually until about June is when we start to see it taper off. So it's really that spring of your sophomore year when you're seeing the bulk of interviews happening, recruitment things on campus, all of those sorts of things. \ \ 35 \ 00:07:32,476 --> 00:07:35,265 \ So that is the recruitment timeline. \ \ 36 \ 00:07:36,176 --> 00:07:52,986 \ I want to go over resume especially for those of you who are not within the college of business. You want to have a very typical business formatted resume. So this is what it looks like. I'm not going to read all this to you guys. But I will say. \ \ 37 \ 00:07:53,066 --> 00:08:08,526 \ within the Cornell Career Development Toolkit there is an entire section on resumes, and you can actually download this template there as well. so make sure to check that out. If you need some resume assistance. \ \ 38 \ 00:08:10,536 --> 00:08:33,026 \ Another piece of the interviewing process, and something that you really want to do when you're kind of gearing up is you want to stay up to date on the market. So you want to know what's happening a lot of times depending on the role that you are interviewing for. They will ask you questions around the market, and how the market is impacting certain things within the economy, so. \ \ 39 \ 00:08:33,026 --> 00:08:48,075 \ for instance, with interest, rate hikes and inflation inflation being up this year, how? That's it affecting certain stocks. And you want to be able to answer that. So some of the things that I recommend is, get the free subscription to the Wall Street Journal. \ \ 40 \ 00:08:48,076 --> 00:09:08,896 \ all Cornell students have access to get that through the library, so make sure you sign up for that. And then I personally love the morning Brew and Robin Hood snacks. There are free newsletters that come out on a daily basis. They're quick little overviews that give you snapshots about what's going on in the market, and I highly recommend those. \ \ 41 \ 00:09:08,936 --> 00:09:17,675 \ and then you'll see some other additional resources there again. Many of them again, are available, free to you as a Cornell student through the library. \ \ 42 \ 00:09:19,746 --> 00:09:22,425 \ Alright. So let's go back to networking. \ \ 43 \ 00:09:22,516 --> 00:09:27,756 \ because that's really part and and where kind of your recruitment \ \ 44 \ 00:09:27,796 --> 00:09:55,046 \ starts. So with any investment banking and financial services there are 2 types of firms. They're what we call boutique firms, which are smaller, more specific firms, and then bulge bracket firms, which are kind of the the every day name that you know of within financial services. So the JP Morgan's Morgan, Stanley, Goldman Sachs, that sort of thing. The boutique firms are more \ \ 45 \ 00:09:55,046 --> 00:10:23,246 \ like Evercore Lazard, Guggenheim things like that. So they're smaller firms. You want to take a look at both firms when you're interviewing and attending information sessions because they're very different cultures. and some students will like the big bulge bracket things. And other students will really want to go more towards the boutique things, so you really want to interview with both, or interview and network with both when doing that. \ \ 46 \ 00:10:23,916 --> 00:10:49,256 \ to get into the nitty gritty of interviewing like I said, you want to set up a coffee chat or an informational interview. You want to make sure that you have questions coming in and prepared and then always, you know, a key to the coffee chat is to have that person help you grow your network, so always ask them if there's someone else that you can talk to. \ \ 47 \ 00:10:49,456 --> 00:10:52,586 \ and then some typical etiquette for \ \ 48 \ 00:10:52,646 --> 00:11:21,765 \ coffee chats is, make sure that you are sending a follow up email, as a thank you afterwards. So let's talk about networking and and recruiting, because it can be a lot right if you're especially if you're applying to a number of places, so make sure that you stay super organized. I recommend keeping an excel sheet to track everything.,you know, have all the listings of the banks of where you're applying \ \ 49 \ 00:11:21,766 --> 00:11:33,375 \ the dates and the people that you're talking to when you need to follow up when you've submitted an application, those sorts of things just to keep you really, really organized. \ \ 50 \ 00:11:35,226 --> 00:11:46,646 \ Alright. So let's jump into more and I apologize again. Guys, of course, in this city. You never know when it sirens it and and \ \ 51 \ 00:11:46,796 --> 00:11:55,675 \ police are or ambulances are going to go by. So I apologize again. If you're hearing that in the background, as far as \ \ 52 \ 00:11:56,256 --> 00:12:06,915 \ interview prep within investment banking, you'll usually have an initial interview. That's a higher view, or some sort of \ \ 53 \ 00:12:06,976 --> 00:12:26,885 \ like assessment testing. The assessment testing kit is sometimes like a game like a pi metrics game. JP Morgan uses that other things typically use higher views. Which is that self recorded video, And they're typically behavioral questions where they want. \ \ 54 \ 00:12:26,886 --> 00:12:42,276 \ you need to know, like, tell me about yourself or walk me through your resume. There's the same questions. They'll ask you about what I like to call the why. So why this bank? Why investment, banking or financial services, that sort of thing. \ \ 55 \ 00:12:42,556 --> 00:13:00,915 \ If you've never had an interview before, I highly recommend that you meet with your school's career division to help with preparation. If you're more of a person who likes to go at it on your own. There's also a ton of resources again in the Cornell Career Development Toolkit. \ \ 56 \ 00:13:01,176 --> 00:13:28,696 \ Alright, So let's flip over. I kind of alluded to this a little bit earlier. But let's talk about technical interviews. So like I said the final round interview for financial services and investment banking is typically a technical interview. And you're going to need some prep time to get ready for these, so make sure that you're planning it. Make sure that you have several weeks to do it, especially if you've not had any \ \ 57 \ 00:13:28,696 --> 00:13:40,076 \ finance or accounting classes yet. And there's a few things within there that you're gonna want to know. So basic financial statements accounting analysis. \ \ 58 \ 00:13:40,076 --> 00:14:00,556 \ A DCF which is a discount in cash flow, especially if you're applying for an investment banking analyst role or internship. Oftentimes they will give you a stock and and basic information and ask you to walk through a DCF and then be prepared to also walk through how you would value a stock. \ \ 59 \ 00:14:00,556 --> 00:14:20,725 \ what kind of ratios would you look, look at those sorts of things. So also like, kind of have a stock pitch ready. That's especially important if you're going into sales and trading. They often want to know what stock you're kind of following, and if you would give it a by or sell recommendation. \ \ 60 \ 00:14:21,416 --> 00:14:35,615 \ between the boutique and the buldge bracket banks. The boutique banks tend to be more technical, and as a result their interviews can sometimes be a bit more technical in nature as well. So just be prepared for that \ \ 61 \ 00:14:35,726 --> 00:14:57,686 \ again. I can't stress this enough mock interviews are super important. So again, reach out to your college's career team for assistance. And then lean on each other as well. I know at Dyson a lot of times students will mock interview each other. And that helps both of them prepare as well. \ \ 62 \ 00:15:00,826 --> 00:15:25,236 \ And then I just want to pause for now because I get a lot of questions about what's the exit path, Kim. If I go into an us particularly in IV analysts role, what can I do after 2 or 3 years if I don't want to stay in that role? And so I've listed out some things that some alums have done in the past which is, go into private equity or venture capital. \ \ 63 \ 00:15:25,236 --> 00:15:48,605 \ I'm going to corporate finance. A lot of students will end up working for a client that they had worked with in one of the deals that they worked on at the investment bank, going in hedge funds and then more and more today I'm seeing more students going back to school, so going back to school to get their MBA. Or many students also end up starting their own business. \ \ 64 \ 00:15:49,606 --> 00:15:57,055 \ All right, so now the Q&A time, but also one last plug for the Cornell Career Central \ \ 65 \ 00:15:57,076 --> 00:15:59,006 \ Career Development Toolkit. \ \ 66 \ 00:15:59,086 --> 00:16:14,165 \ If you have not signed up for this, definitely, do so. It's a full suite of It's a it's set up like a course in canvas, and I like to think of it as your 24 /7\'a0hour \ \ 67 \ 00:16:14,166 --> 00:16:40,485 \ every day there for you at 2 AM, cause I know you all like to think about your career at about 2 am. Because I get a lot of emails at 2 am. This is a really good tool for you that's available. 24/7. You can go in there. There's modules on everything from how to do your resume to prepping for interviews. To what do I ask any informational session? There's even an entire section on finance and investment banking in there as well. \ \ 68 \ 00:16:41,526 --> 00:16:48,355 \ So with that being said, let's open it up for questions. I'm gonna go into the chat and see what's here. \ \ 69 \ 00:16:49,226 --> 00:16:50,386 \ And \ \ 70 \ 00:16:53,116 --> 00:17:03,256 \ will this be recorded and posted? Yes, Cornell Career Central will do that and then send out information as well. \ \ 71 \ 00:17:03,766 --> 00:17:12,645 \ the Cornell Career Central on their website. They have a whole library of previous recordings, so you can check that out there \ \ 72 \ 00:17:12,896 --> 00:17:19,306 \ as an upcoming freshman, what is the best best path to pursue a career \ \ 73 \ 00:17:19,736 --> 00:17:31,366 \ like an investment banking? So, Henry, I'm not quite following you there. Could you unmute yourself and and explain that question a little bit more? Just so I can give you a more suscinct answer. \ \ 74 \ 00:17:44,516 --> 00:17:45,876 \ Henry, are you there? \ \ 75 \ 00:17:48,905 --> 00:17:52,626 \ Mic is not working. Okay? No problem. \ \ 76 \ 00:17:53,566 --> 00:18:15,825 \ Well, [Name], I'll just give you a general question, and then I would say, ask your career team. Make it set up a meeting with them. But as far as classes I know in your first year many of your classes, classes are already chosen for you. but then, beyond that, you want to take classes that are specific to finance. \ \ 77 \ 00:18:15,826 --> 00:18:42,846 \ so look for things like accounting finite finance what I think is called 101 at Nolan. But check with your career team and also your Student Services. Whoever your academic advisor is, they should be able to map out a full plan for you. I know at Dyson we have different concentrations, one of them being finance. And we have a full map for students who want to do that. So I would check with your student services people there. \ \ 78 \ 00:18:43,956 --> 00:18:49,566 \ okay, Maya has a question about networking. \ \ 79 \ 00:18:50,006 --> 00:18:56,676 \ how do you maintain the relationship after an initial meeting with them? That's fantastic. \ \ 80 \ 00:18:56,826 --> 00:19:09,466 \ So I like to say, stay in touch with them every 3 or 4 months right after the initial meeting. So you're gonna want to be following the bank that they're at \ \ 81 \ 00:19:09,946 --> 00:19:33,315 \ So one of the things that we can do is say, you see, a big deal that their bank is working on. You could reach out and ask them if they're working on that Otherwise, you want to give them kind of updates on what's happening with you. So I like, you know, beginning of the fall semester. You give them an update on how your internship went, where you're at career-wise, and ask them if they have any advice. \ \ 82 \ 00:19:33,316 --> 00:19:50,936 \ I also love at the beginning of the year, particularly in January, sending everybody a Happy New Year email. Not a happy holidays, a happy New Year email. Because everybody celebrates New Years. So I recommend doing that, and then just stay in touch with them. \ \ 83 \ 00:19:50,936 --> 00:19:54,326 \ And I also think you don't have to stay in touch with everybody right? \ \ 84 \ 00:19:54,326 --> 00:20:17,256 \ everybody that you network with some people you're gonna be like, I don't everyone talk to that person again. And that's okay. Right? Then I would send them a thank you and kind of put them aside. But the people who you really had a connection with and you feel like are going to be helpful to you? Then you want to, you know. Keep that cadence of every 3 to 4 months following up with them. \ \ 85 \ 00:20:18,396 --> 00:20:23,565 \ Okay, going on, what do you recommend to do for students who are not \ \ 86 \ 00:20:24,276 --> 00:20:42,436 \ business and finance majors, but want to pursue the path? Great question. So I think one of the most important things that you can do is still take some business and finance classes as your elective to give you some foundation for the technical interviews that's really going to help \ \ 87 \ 00:20:42,446 --> 00:20:55,606 \ But honestly, nowadays, the investment banks. When they come to Cornell they recruit from across the University because they're looking for diversified skill set. And you really want to talk up. \ \ 88 \ 00:20:55,606 --> 00:21:18,756 \ You're diversified in your specific skill set as a plus for you right? And how that your different background can assist the in the role. So how you have better critical thinking so skills or quantitative skills things like that. But I do recommend taking a couple of classes just for that foundation, to help you with your technical prep. \ \ 89 \ 00:21:20,366 --> 00:21:49,326 \ What would you recommend for someone interested specifically in currency markets, foreign exchange which falls normally under the umbrella of sales and trading. I think really there, Jack, the only difference is going to be you're gonna want to make sure that you know that market inside and out, and be prepared to answer questions about that. And then, obviously, you're going to want to network specifically with people on those types of desks. \ \ 90 \ 00:21:53,696 --> 00:22:15,535 \ What's the best strategy for a rising senior applying for a full time job? So honestly, at this point, because the economy is still very shaky, and uncertain. Although the market is up. I think about 12%, year to date, the last time I checked, the \ \ 91 \ 00:22:15,576 --> 00:22:20,616 \ banks are really uncertain about the future, and there are a lot of \ \ 92 \ 00:22:20,756 --> 00:22:36,435 \ professionals and experts calling for a downturn in the market and recession. So when that happens, the most important thing you can do, especially for full time, is to be networking \ \ 93 \ 00:22:36,436 --> 00:22:59,535 \ because sometimes positions, you know, we end up going into a recession, sometimes, those will not even make it to like a website for information or for advertising. So make sure that your networking. That's going to be the best strategy for you. \ \ 94 \ 00:23:03,146 --> 00:23:09,855 \ Is there a recruitment timeline most up to date? I've heard applications for BB and EV open \ \ 95 \ 00:23:10,096 --> 00:23:38,835 \ in January for general applications. Yes, it's up to date, based on last semester. Every year it's tweaked a little bit and some banks went a little bit early. One in particular opened up all applications in December. We and we kind of have to just see how it goes. But the one that I gave you the timeline is a general timeline of what we have seen over the last 3 to 5 years. \ \ 96 \ 00:23:39,796 --> 00:23:57,645 \ Now does that mean that another bank will open up early in December again, not this year. Who knows? Your guess is as good as mine. They usually tell us about 20\'a0min before they actually do something. So just keep an eye on it, again, make sure that you're staying in touch with your Career Office \ \ 97 \ 00:23:58,706 --> 00:24:04,535 \ and then also make sure that you're keeping up on Handshake, Cornell Handshake as well. \ \ 98 \ 00:24:05,456 --> 00:24:33,196 \ What can we expect in regards to on campus info sessions? Which months that they usually happen? Yeah, Anthony, no problem. So info sessions happen.primarily in the fall and in the spring usually in the fall, Octo or September and October, are big months, and then in the spring February and March are the biggest months as well. So I would keep a look on that cadence \ \ 99 \ 00:24:36,106 --> 00:24:43,846 \ As a rising junior, and I missed most of the summer. 2024 recruitment cycle. What do you recommend? Since I'm still interesting. \ \ 100 \ 00:24:43,876 --> 00:25:05,796 \ and so again, networking is gonna be key for you. We will also see a little bit of recruitment happen, this fall, for even going towards the end of the summer. And the reason for that being is, if, for whatever reason, if a bank didn't fill their their internship class \ \ 101 \ 00:25:05,796 --> 00:25:22,306 \ through their typical rec recruitment, timeline, they'll open it again, so make sure that you're staying on top of the applications when they open and make sure that you're prepared to kind of just jump right in and then networking is going to be key for you as well. \ \ 102 \ 00:25:24,856 --> 00:25:28,106 \ How many rounds are there in interviews? \ \ 103 \ 00:25:28,126 --> 00:25:31,936 \ there's usually 3 rounds. \ \ 104 \ 00:25:31,976 --> 00:25:43,095 \ 2 to 3 rounds. It's usually a a higher, as I would have said earlier, a higher view, or some kind of assessment is the first round. \ \ 105 \ 00:25:43,236 --> 00:25:51,496 \ Sometimes after that you'll have a phone call, which is mostly behavioral, and then you'll end with the super day, which is mostly technicals. \ \ 106 \ 00:25:54,916 --> 00:26:15,166 \ What are the best tools for finding people to network with? My favorite is Linkedin because you can search and can drill down by company, and Gordy, if you need help with that reach out to your proteam, which I believe, if I remember, is Dyson. so reach out, and we can help you with that as well. \ \ 107 \ 00:26:16,936 --> 00:26:32,056 \ What is on campus recruitment for IB, Aden. I'm not sure what you're asking there, because we went over a lot of it. Could you please unmute and clarify or \ \ 108 \ 00:26:33,466 --> 00:26:35,415 \ type something in the chat? \ \ 109 \ 00:26:40,236 --> 00:26:45,545 \ Rowan, how do we access the Dyson Finance, Planner? \ \ 110 \ 00:26:45,946 --> 00:26:59,055 \ I'm not sure what you mean by the Finance Planner Rowan, but if you send me an email message, I can send you a link to most of our resources. \ \ 111 \ 00:27:00,266 --> 00:27:16,706 \ Do investment banks often support OPT, CPT, that question, are you asking for internships or full time? Most of the time they will support it for internships, and it really varies by bank \ \ 112 \ 00:27:16,876 --> 00:27:36,515 \ if they will do it for full time positions. What I recommend is, if you are an international student particularly apply to banks who are global. So, for instance, if you are \ \ 113 \ 00:27:37,266 --> 00:27:38,256 \ you know \ \ 114 \ 00:27:38,376 --> 00:27:49,535 \ [Name], HSBC is a big bank, Deutsche Bank, UBS, things like that that are global. They tend to be a bit more friendly to international students. \ \ 115 \ 00:27:51,896 --> 00:28:04,135 \ could you please share some advice on getting an internship this summer after sophomore year. Yeah, absolutely. I will say that \ \ 116 \ 00:28:04,206 --> 00:28:06,646 \ sophomore year summer. \ \ 117 \ 00:28:07,526 --> 00:28:21,006 \ particularly in investment banking. There are not a ton of programs. And the programs that are out there, especially with the bulge bracket banks are very small. So what I always recommend to students \ \ 118 \ 00:28:21,046 --> 00:28:42,926 \ for your sophomore summer is, look for something that's gonna push you forward. So look for something, maybe an asset or wealth management. Those are really popular. sophomore summer internships, even corporate finance, something that's gonna push you forward and launch you into an investment banking something that's going to kind of give you that background as you move forward. \ \ 119 \ 00:28:43,886 --> 00:28:54,635 \ What websites do you recommend other than Handshake? I recommend the specific banks that you want to recruit withso make a list for that. \ \ 120 \ 00:28:55,926 --> 00:28:58,216 \ Do you recruiters come to campus to \ \ 121 \ 00:28:58,356 --> 00:29:26,506 \ for interviews? Or is it just done online? Aden, That's a really a mix and it depends on the bank. Yes, we've had some banks at campus to interview super days typically happen at their headquarters, and they will pay for you to, for, for instance, go to New York City or wherever they're interviewing. And Aiden which banks start recruiting December? RBC. \ \ 122 \ 00:29:28,066 --> 00:29:32,115 \ They have been going early for quite some while. \ \ 123 \ 00:29:33,466 --> 00:29:37,885 \ How impactful is diversity in the recruiting process? \ \ 124 \ 00:29:38,256 --> 00:29:46,136 \ So I'm going to be honest with you in the past, it has \ \ 125 \ 00:29:46,206 --> 00:29:52,586 \ given students who are of diverse background, or who identify as diverse \ \ 126 \ 00:29:52,636 --> 00:30:19,416 \ earlier entry. Because some of those programs happen earlier with that being said, I am going to say that I think we all probably have heard about the Supreme Court, looking at affirmative action this summer, and supposed to be releasing a decision on that fairly soon. That will impact diversity programs. Because \ \ 127 \ 00:30:19,416 --> 00:30:34,336 \ if affirmative action gets rolled back, which many think that it will, all programs will have to be open to all individuals. And if that happens, I could I think that could change \ \ 128 \ 00:30:34,826 --> 00:30:42,455 \ how diverse individuals are recruited. So stay tuned. we're all kind of just waiting on \ \ 129 \ 00:30:42,526 --> 00:30:45,836 \ the Supreme Court on that decision. \ \ 130 \ 00:30:48,006 --> 00:31:03,045 \ are all banks first round interviews done? Most of them, so most of them are done through higher view, or something similar or sometimes like an assessment like a high metrics. That sort of thing. \ \ 131 \ 00:31:05,316 --> 00:31:11,233 \ You guys had some great questions. I'm good, that's all the questions in the chat. \ \ }