Should incoming full time analysts be concerned about job security by the recent events? Would banks slash headcount because of the economic turmoil? Curious if people have insights to what happened in M&A advisory during 08
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lost a ft offer at a well respected boutique. on hold until they have more clarity about the future
Can you pm me? Starting ft at a boutique as well but haven’t heard anything
Well I got a call saying that it's on hold till further notice, but they'll probs reach out to you if you're impacted
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I honestly think there will be disruptions to be internships and full time offers in New York. That place is about to get destroyed by coronavirus. Elsewhere, I am unsure.
The MM IB I’m interviewing with (off cycle) has emphasized that there will be no hiring slow downs. If I get the job, safe to say I’ll have my ass puckered for a few months if things worsen.
Work at a BB, has been a topic of conversation, and according to person in charge of hiring, offers are still a go.
Was there any consideration for pulling offers before they decided things are still a go?
In our group there was no consideration for pulling offers.
If the internship is still a go, do you think the return offer rate will be slim or maybe even none this year?
I'm in a similar boat, but it is too soon to tell. And thing is, in 08', it was a banking recession with the physical banks themselves collapsing. In this case, the issue does not stem from the banks, so it might not be as severe as it was before.
Also, it's better to see a recession like this now when we're very young so we can understand the true risks we take when we make career decisions. I wish us all interns and incoming FTs the best of luck
I think Corona will drop the economics and it will be tough to reduce the Corona impact
No shit man
chances that start dates get pushed?
Buddy starting at an EB got pushed a week
Any bb start dates that have been pushed?
My BB starts in very late June, according to Dr Fauci and the Corona taskforce in Washington, most things should be cleared up by then in the most severe sense at least. Doesnt mean that there wont be new cases or anything, but businesses should be open but just practicing social distancing and whatnot.
WF - we're bringing all of our FT's on
With plans to WFH if the situation does not improve or no?
A lot of us are already WFH
Are you bringing in interns as planned?
Yes
I'm incoming FT at JPM - they sent out a really nice email about how we should rest assured that nothing has changed about their plan to on-board us as employee in 2020 but there might be a chance start dates get pushed back a bit. (I was supposed to start June 29th Cycle 1 so they might push everything back to cycle 2 that starts August 24th??)
Had start date pushed back 3 months - pm me if you want more info
Had start date pushed back about a month
Which bank?
Bank?
Just got word that Blackstone FT analysts start date is still the same
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Any word of virtual training for you guys? thinking of getting some monitors for training and possibility of WFH. What are odds we start working in some capacity from home by the time we hit the desk in August in NYC?
MS confirmed fully virtual training
Top tier BB (GS/MS/JPM):
Condensed, two-week virtual training in late August (original timeline was late June).
In-person training will resume when ‘conditions permit’ and incoming FTs will more than likely ‘hit the desk’ WFH.
Also, have heard that some firms are giving stipends for monitors and other WFH equipment for current employees. I’m assuming the same would apply for incoming FTs, so might want to hold off on purchasing additional equipment too early.
is this for NYC?
This isn't MS - which one of JP/GS? Two week condensed training at end of August is a lot...
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My MMIB just pushed FT in person training from July to September.
any word on if they’ll start paying beginning from July or September?
Any updates for international students regarding OPT/H1B? Hopefully no international students are getting their FT offers rescinded due to the immigration halt!
I am an international and no, FT offers have not been rescinded for me at least - at BB in NYC. But I've also stayed in the US since corona happened.
Lots of international students who interned at Uber/Lyft SWE and Hardware lost their return offer. I get that it's an IB FT2020 forum but was quite bummed to hear about their situation given that very few tech firms are actually still recruiting at this point and now theyre all competing against each other for those few positions (especially as internationals)
Hey does anyone know where the correct thread on dates for start dates are? Is there a megathread anywhere, the search function is really bad on this site.
Maybe could start it here?
BB's: GS: condensed training program? JPM: heard around late august start FT, as in training starts then? any confirmation MS: n/a? Barcap: n/a? similar to JPM? BAML: Citi:
BarCap NYC gave a placeholder start date of July 30th, but it's still "to be confirmed in the coming weeks"
UBS starting July 13
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