Likelihood of BB retracting IBD offer
Hi,
With more writedowns expected, do you think it's likely that BBs will retract the IBD offers that were made this recruiting cycle?
I've just accepted and signed with a BB for IBD, and was wondering whether any BB has ever retracted an offer even before an analyst starts work. I know that hiring has been cut down, but I wonder if the reduction in numbers is commensurate with the slowdown in business expected next year. What's more, my offer came before the revelation of gargantuan losses at Citi and ML, and I don't have any prior internship experience under my belt.
Would appreciate comments from those with insider knowledge. Thanks.
Doubtful and if they did you would receive compensation
just like with BOA's analyst class...I believe they were compensated with 50K...word of mouth
do you mean that BOA actually revoke their offers to the analyst class this year?
What about for associate class? Do BBs revoke their offers to the associate class starting in 2008?
i don't know who exactly within IBD it affected...last year's class, some of this year's class, etc...
all i do know is that a friend of mine who did a summer position there a year ago was given 50K after her offer was revoked/rescinded
This is news to me, I summered and signed with BofA and have yet to hear of this...is this complete word of mouth cause it doesn't quite have the ring of truth on it. Granted I'm on the IB-CF side and not the Capital Markets/S&T side but still sounds suspect...I recently referred a friend who was just signed in DCM of all places...
my co-worker graduated a year ago and told me her close friend who had been a summer intern at bofa was given 50 K instead of a making good on that offer letter...that's something i would believe being in my shoes...but given that you signed with bofa and work there it must sound suspect to you...then again, why would anyone make up a story like that?
just to elaborate...the summer analyst was in the same year as her when she graduated, class of 07
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