Bear Stearns FT Offer to be Honored
IB
Tags:
(Baboon, 103
Points)
on 3/18/08 at 12:20pm
I just heard of at least one Bear 2008 FT that will be honored. What have you heard?





What division
What division? If it was in prime brokerage or Bear Energy that makes sense as JPM stated they want to keep that business. I am curious about fixed income and IBD.
BSC operations summer
BSC operations summer program is "on hold" and likely to be cancelled.
General Analyst Program
The individual was in the general analyst program.
what is the general analyst
what is the general analyst program?
Bear Stearns analysts are
Bear Stearns analysts are hired as generalists, then placed into groups after a rotation.
if he was IB that makes me
if he was IB that makes me feel a little bit better.
also...if there are other
also...if there are other Bear T hires out there, please PM me and let me know who exactly to contact to get some sort of response. i emailed two people at HR in NYC and did not get a response.
I doubt they know too much more than you
Sad as it is to say, FT/SA offers are the last thing on BSC/JPM's minds right now. There are a LOT of rumors going around of the "he said this" and "she said that" variety but there is nothing official yet.
Yes, it sucks to not know what is going to happen but you have to keep in mind that peoples' entire lives and savings have been destroyed by this... then there's the matter of integration with JPM and what will be kept and what won't be kept.
I would start talking to some other contacts and investigating alternatives, but avoid jumping to conclusions before an official announcement is made.
http://www.mergersandinquisitions.com/
Mergers & Inquisitions
i agree with you, dosk17,
i agree with you, dosk17, but the only difference between those people and individuals like myself who are apparently screwed out of an offer is experience. i spent the last 6 months thinking i have a job waiting for me, allowing other tempting opportunities to pass by. it is quite difficult right now to find a job even half as enticing as the one i already have (or rather had). this is not to say i don't feel for lower level employees who, unlike the upper echelon individuals within BS, do not have oogles of cash saved up. but such people will not have as much trouble finding a new job as will a barely experienced, graduating in less than 2 months, finance major. and even if it does take them a while to find something, most will surely have some sort of savings accumulated outside of BS stock, thus making the transition period a little bit easier. i saved as much as a college kid could, but finding a new job asap wouldn't hurt....
Believe me I've been there
I've screwed up tons of times and come very close to losing all my money multiple times in my life.
If I were you I would start talking to boutiques and MMs that may still be hiring... probably the best thing to do and I would not even go after BBs as they're going to be flooded with people.
Regardless of what anyone says, a banking job at a boutique is still far better than a non-banking job anywhere else if you want to go into finance.