Anyone else having start date announcements delayed
Got job at an MBB for 2024 start date. Was supposed to hear back about start date late last year but announce date has been delayed among this cohort at our office.
I know of something similar at the other B in the same market through a friend.
Seeing it with some banker friends too with late start announcements.
Frustrating when trying to make life and travel plans for after graduation but understand the business need to better predict how the market will be closer to then. Luckily I wanted a later date, so it’s not actively preventing me from that but it makes planning harder.
Ah, the classic case of start date delays across the high finance and consulting realms! It's like a rite of passage at this point. Based on the most helpful WSO content, it seems you're not alone in this boat. Many firms, including the prestigious MBB (McKinsey, Bain, BCG) and top investment banks, have had to adjust their start dates in response to various factors, such as market conditions and operational challenges. Here's a bit of what's been happening:
Consulting Firms: BCG, for instance, has been known to push back start dates by 1-4 months, employing a lottery system to determine the new start dates for incoming associates/consultants in North America. This has been a concern for many, especially international students facing visa uncertainties.
Investment Banks: JPMorgan delayed its summer analyst 2020 start date to July 6th, indicating a trend among banks to reassess start times in light of global challenges. Goldman Sachs also mentioned reassessing the situation daily, with a focus on delaying start times or moving training online if necessary.
General Trend: It's not just a single firm or sector; the trend spans across various high-profile firms in both consulting and banking. The reasons include logistical challenges, the need to reassess operational capacity, and, importantly, the unpredictable nature of market conditions.
It's understandable that these delays can be frustrating, especially when trying to plan life and travel post-graduation. However, it seems firms are trying to balance business needs with providing as much clarity as possible to incoming employees. Your situation, wanting a later start date, might actually align well with how things are turning out, despite the planning challenges.
Remember, it's always a good idea to stay in close communication with your HR contact for the most up-to-date information. And hey, maybe this gives you a bit more time to brush up on skills, network, or even relax a bit before diving into the deep end.
Sources: JPM delays SA 2020 start date to July 6th, BCG incoming associate/consultant delayed start date (NA), McKinsey Full-time Start Dates "smoothed out", Full-Time Start Date Delays, Bain start dates delayed 12 weeks (NA, Some offices)
Incoming 2024 undergrad hire here. Not sure which B you’re at but start dates at one of the Bs have always been sent out in February/March and that’s still the case this year for me. Of the 2 Bs (since I have friends at the other) one sent out concrete dates about surveys and date people will be receiving their start date like a week ago and the other sent out an email with a vague timeline of the next few weeks today. Obviously could be office specific but generally start dates for incoming undergrad hires aren’t determined until February or March during normal years either
Not undergrad but what you’re saying tracks. W/ Bain survey date out and BCG email out about vague timeline.
Incoming undergrad at McK - start dates are coming out end of this month/early next month also! Seems pretty normal to previous cohorts
I’m incoming at M and haven’t received my start date yet either, have you
Also incoming at M and nothing (c/o) 24
Inc @ Mck here; I got a start date last week. Mid-Summer 2024
Im incoming at M, got January 2025
Incoming at BCG, and just got my start date yesterday (3/13)
I heard BCG was Aug 24/Jan 25 only that true?
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