Depressed

wow, are you serious.

At least you have a foot in the door... What about the kids that worked their tails off and didn't get the SA? Every time you start feeling the stress you should remember how selfish you are being by worrying so much about yourself. Think about the others that don't even get a shot at it this summer; that should bring a fresh gust of reality.

be glad of what you have buddy, it could be a lot lot worse...

monkeyman7... i think he is referring to full time which right now would definitely be a lot more scary than merely not getting an SA offer.

lmao monkeyman7,

Give me a break. This kid is worried about losing his FULL-TIME J-O-B, which means he would essentially be a graduate without a paycheck in New York City.

And you are comparing that to not receiving an internship offer where you can still somehow bounce back given that you are not yet graduated and can find other opportunities?

And no he should be selfish and think about himself.

If the worst occurs:
It's HIS career that would be affected.
It's HIS livelihood that would be affected.

I would be nervous as sh!t to graduating into this economy. More jobs will get cut, possibly even 1st years come this summer. People should be freaking nervous.

Seriously, just imagine what a nightmare full-time recruitment is going to be for people who don't have summer internships lined up. You have way to much to be grateful for; stop squandering it by worrying your life away.

dude, relax. you are starting at a BB, that means you did something right. this is a part of banking, there are going to be ups and downs and you can't wet your pants every time there is a downturn.

you are just beginning your career, even if somehow you were laid off, the fact that you once received an offer at a BB in this market means you are "worth it". People at other banks will be more than willing to hire you. sure you might end up in a regional office, but hey there are alot of people out there who didnt even get a single interview!

Finally: Go to the gym, Get laid, Do something with yourself other than sitting around and wondering about whats going to happen because until it does, its all just in your head. Idle hands are the devils work!

Idle hands suck indeed. Make use of them, stop using them on yourself! Ahahaha...

You have no control over what happens in the next few months. Just enjoy the rest of your senior year and summer. Work hard in training (don't fail any exams because it's possible that's where they would start cutting 1st years if the market got that bad. Happened in 2001/2002 according to the associates I work with), and just ride it out.

All the analysts are pretty worried about layoffs. From all the senior people I"ve been speaking with, they all say that this could be the best time to get laid off, when you are in your early 20s, because you still have the rest of your 20s and 30s to make your career.

I obviously misread the post. This is for a Full Time offer rather than a Summer Analyst internship.

I can understand why you would be stressed. Don't kill yourself over it though. You are a lot better off than my friend who was going to Bear Sterns... High levels of stress decrease your productivity. You've got to figure out how to calm down. Go play tennis.

if it helps, go visit a shrink or something. they might give you anti-depressants for a month or so

I have a number of friends with nothing lined up FT following graduation, and this isn't ugrad. That's tough. One of them put me in my place when I discussed a little fear over having my offer revoked. That put the current state in perspective for me. I've been releasing stress at the driving range for past couple of weeks.

Threads like these make me wonder are we nearing the bottom? When people are in pure panic about events that will occur 6 months from now given billions of permutations of sistuations that could arise between now and then.

Is this capitulating about the job market signaling a bottom?

"Oh - the ladies ever tell you that you look like a fucking optical illusion?"

I would think a job market signal of the bottom would be a post about "Why would anyone ever go into finance? That's just stupid," and every response would be in agreement due to exasperation.

Yeah, unfortunately the truth is we probably have to "cut the fat" and top talent would no longer go to finance but back to F500. Why does this have to happen when I am entering the job market? Sigh....

"Oh - the ladies ever tell you that you look like a fucking optical illusion?"

i really thought this post was a joke.

OP, this doesn't sound like a particularly good forum talk; if you're really this depressed, go see someone professional and talk it out.

Otherwise, think of it in terms of the starting-out college student. Once in a while (or often, depending on where you go) you'll feel like you were probably the mistake. 95% of the time that's not the case, you're just catastrophizing. Look on the bright side - you've got a job.

Lots of gloomy posts these days..

I hope this post is a joke. And I also hope that OP is not going in S&T or he/she WILL crash and burn miserably, and will end up on the street with NOTHING.
If you are serious though, don't worry, we are all a bit scared about starting FT. I am worried about waking up so freaking early, and even if I am not doing M&A, I don't really like the idea of 12 hours in S&T a day. They employed me for my language skills, and they think I can write fluently in a certain language: I make about 2 mistakes PER word in that language. Remember: they hired you, they have invested in you; unless you are a complete dumb ass they won't fire you.
What I do to pass off the time is freak out about my thesis and exams, it's far more scary than FT.

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Remember, you will always be a salesman, no matter how fancy your title is.
- My ex girlfriend

Disjoint, glad to hear your writing skills in a fluent language are as bad as mine. =)

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"It is a fine thing to be out on the hills alone. A man can hardly be a beast or a fool alone on a great mountain." - Francis Kilvert (1840-1879)

"Ce serait bien plus beau si je pouvais le dire à quelqu'un." - Samivel

hahaha you pussy, at least you have an internship. if you can't handle stress BEFORE you've even started, that's the reason you will get fired. not because of the market.

there's more to life than banking...

get a grip...I honestly do not think banking is for you. Try something else....seriously

dude, you need to relax. if you are worrying about your qualifications and intellect for the job/industry, you really don't understand it. many bankers are retarded (seriously most of the people getting offers are demonstrably less intelligent than those going to law, med or other graduate schools). unless you have a 1.5 at Liberty University, you're academically qualified. and since you've got an offer at BB, if something bad happens and you lose it, you'll still be miles ahead of others in landing another job.

You have an offer. You haven't started your career yet. You really have nothing to lose. The people should be worried right now are older guys who have ridiculous expenses due to houses, wives, etc. and save nothing because they spend all their money each year, and now have a really hard time finding jobs at that level anywhere.

You have a LOT of time to "fix" whatever happens now and nothing has even happened to you yet. A lot of my friends have been laid off recently, they actually have something to worry about.

I don't mean to be annoying here, but if this type of situation worries you, banking may not be the right move in the first place. There are days/months that have been way more stressful than anything that has happened recently.

I should also point out that you're better off than 99.9% of people in the world - this is one thing that living abroad teaches you. Sometimes gaining some perspective is helpful...

http://www.mergersandinquisitions.com/
Mergers & Inquisitions

there's more to life than investment banking. you can't control the job market. if you lose your job, you need to adapt. there are no guarantees in the real world

Sort it out mate

You need to change your perspective. If you can't handle this, how will you survive in finance/business?
The problem here isn't the market it's your mentality. No offense, but I know people that have been laid off and if they have the determination to still be enthusiastic about life, who are you to be depressed when you still have an offer.

Carpe Diem Leptic ... you shouldn't be depressing over things you cannot control. Just enjoy what you have today. What do you gain by worrying ? You have your offer, you worked hard to get it AND MORE IMPORTANTLY you haven't been laid-off.

When training starts, work hard, and do what you can to improve your chances of staying on-board should the worst occur.

Guys, thanks for your advice.

I'm worried because I have taken out huge student loans back home to study in the US. The GDP per capita of my country of origin is pretty low, so it would take me years to repay the loan if I am unable to find a decent paying job.

Huge loans? Join the club.

Even if you get laid off in banking, I'd bet if you got a FT BB offer you could find your way into corporate finance at a F100/500 and make $60,000+ a year. And if that F500 is in a cheap place to live, you might even be able to save as much as if you were in NYC doing banking to pay off those loans.

I wouldn't get into banking if your sole goal was to make money. You'll be depressed all the time.

u are an absolute fogel...i don't have a clue why you are going into IB.

Now you have no responsibilities ( i'm assuming you don't have any kids and you are not paying a mortgage ) and you are worried about your student loan - the best debt you can have!

If the worst does happen and you do get cut after 2 years, you have been cut from a BB... and any second tier bank like barcap/rbs/ML(lol) etc.etc. will probably take you on because you have been through a BB training scheme.

And wtf..you'll not be going on unemployment. Stop being a pussy, if not i guarantee you will suck at life!

Peace

the problem is, i might get cut after a few months on the job instead of 2 years.

and when that happens, the job market will be flooded with tons of laid off bankers.

what makes you think that any 2nd tier bank would take me on?

perhaps you do not share the same considerations as me - there have been times in my life when i have been really poor and ill. so i'm constantly worrying about the future.