First Step to Final Offer (08/20/24)

CAREER OPPORTUNITIES

Class of 2027 Jobs & Events

• Bank of America Global Markets Sales & Trading Rotational Sophomore Summer Analyst Program – 2025 [NEW] Link here 

• Raymond James Banking Insights Program Link here

• Goldman Sachs Possibilities Summits  Link here

• Deloitte Consulting Discovery Sophomore Intern Summer 2025 Link here

• Deloitte Discovery Intern (Sophomore) Consulting (Government & Public Services) - Summer 2025 Link here

• RBC Capital Markets U.S. Pathways Diversity Award Program Link Here

• RBC Capital Markets U.S. Women’s Advisory Program Link Here

• RBC Capital Markets LGBTQ+ Sophomore Insights Program Link Here

• Bain & Company Event Series Link Here

• Goldman Sachs Emerging Leaders Series - Link Here

• Morgan Stanley Summer 2025 Applications - Link Here

Class of 2026

• Morgan Stanley 2025 Investment Management Summer Analyst Program - Fixed Income High Yield (Boston) [NEW] Link here

• Goldman Sachs 2025 Internships [NEW] Link here

• StepStone Group 2025 Private Equity Summer Analyst [NEW]  Link here

• Susquehanna International Group, LLP (SIG) Quantitative Trader Internship: Summer 2025  Link here

• Bracebridge Capital 2025 Summer Investment Analyst  Link here

• Blackstone 2025 Real Estate Finance Summer Analyst   Link here

• BNY 2025 Summer Internship Programs Link here

•  Deutsche Bank Internship Program Investment Bank: Commercial Real Estate - New York - 2025  Link here

• MUFG 2025 Corporate, Investment Banking and Markets (CIBM) Summer Analyst Program  - Link here

• Deutsche Bank Internship Program - Investment Bank: Origination and Advisory Capital Markets - New York 2025 - Link here

• Deutsche Bank Internship Program - Investment Bank: Origination and Advisory - San Francisco 2025 - Link here

• Lazard 2025 Institutional Client Group Summer Internship - Link Here

• Baird, Equity Research Analyst Summer 2025 - Link Here

• BCG Associate Internship - Link Here

• Bain & Company Associate Consultant Intern - Link Here

• Nomura Summer 2025 Analyst Roles - Link Here

• Citadel Securities Trading Fundamental Analyst - Link Here

• Loop Capital Summer 2025 Analyst Positions - Link Here

• Stifel Financial Corp Summer 2025 Analyst Roles - Link Here

• Citi Summer Summer 2025 Analyst Roles - Link Here

• StepStone Group Summer 2025 PE Analyst - Link Here

• Guggenheim Summer 2025 Applications - Link Here

• Oppenheimer Summer 2025 Applications - Link Here

• Abdiel Capital Summer 2025 Application - Link Here

• Long Ridge Summer 2025 Application - Link Here

• D.E. Shaw Summer 2025 Application - Link Here

• Bank of America Summer 2025 Applications - Link Here

• Point72 Summer 2025 Application- Link Here

MARKET NEWS

Companies Relisting in the US Receive a Boost from Passive Funds, Says JPMorgan

JPMorgan analysts have observed that companies relisting in the United States are benefiting from significant inflows from passive funds. These funds, which track major indices like the S&P 500, automatically include relisted companies, providing a steady stream of investment. This trend is particularly advantageous for companies seeking to tap into the robust U.S. capital markets, where passive investing continues to grow in influence. As more companies consider relisting in the U.S., the passive fund boost could become a critical factor in their decision-making.

(Source: Bloomberg)

Goldman Sachs Reduces US Recession Risk Following Strong Retail Sales and Jobs Data

Goldman Sachs has lowered its forecast for a potential U.S. recession, citing stronger-than-expected retail sales and robust job market data. The bank now sees a reduced likelihood of an economic downturn, reflecting the resilience of consumer spending and the labor market. This adjustment follows July's retail sales figures, which outpaced expectations, signaling that the U.S. economy might avoid a recession this year. However, Goldman remains cautious, noting that ongoing inflation concerns and monetary policy decisions will play a critical role in shaping the economic outlook.

(Source: Bloomberg)

July Retail Sales Outpace Expectations, Showing Continued Consumer Resilience

Retail sales in the U.S. for July 2024 surpassed expectations, driven by robust consumer spending across various sectors. The better-than-anticipated figures suggest that the U.S. economy remains resilient despite concerns over inflation and rising interest rates. Key categories such as food and beverage, clothing, and electronics saw significant growth, highlighting the ongoing strength of consumer demand. This strong performance could influence future monetary policy decisions as the Federal Reserve weighs the balance between sustaining economic growth and controlling inflation.

(Source: CNBC)

M&A DEAL OVERVIEW

Mars to Acquire Kellanova in $36 Billion Deal

Mars, the global food conglomerate known for its iconic brands, has announced its acquisition of Kellanova, a major player in the consumer goods sector, for $36 billion. Kellanova, which has a diverse portfolio including snacks, cereals, and beverages, will significantly expand Mars' presence in the global consumer market. The acquisition is expected to create synergies between the two companies, leveraging Mars' global distribution network and Kellanova's product innovation capabilities. This deal represents one of the largest in the consumer goods industry this year and underscores Mars' strategic focus on expanding its footprint in the high-growth sectors of nutrition and wellness.

(Source: CNBC)

TECHNICAL QUESTION OF THE WEEK:

ADDITIONAL RESOURCES

• Class of 2027 Application Tracker

LAST WEEK TECHNICAL QUESTION OF THE WEEK ANSWER: