Hiring freeze - what to expect?
Top 20 asset management firms (think Wellington/Invesco/T.Rowe Price), emerging market analyst position.
Passed all interviews, HR followed up, emailed to proceed with the offer, I sent current package materials back, one month later I was told they have to freeze the headcount.
I understand the market is quite volatile recently, but what should I expect? Does hiring freeze mean dead end and I should look for other positions?
Is this related to the Invesco/OppenheimerFunds deal? I listened to the Invesco analyst call last week, and one of the justifications for the deal was a ton of cost savings through "synergies" (read: system consolidations and layoffs) For most positions, I would tell you to go elsewhere, but as an EM analyst you might have a shot. Some of those active EM teams are very high powered, and if the PM makes a stink, I think they may make an exception.
Thanks for your input.
How'd you like the "response" to Marty's answer to the first question? LOL
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