2020 Full Time Analysts - Corona Effect

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

60 Comments
 

Can you pm me? Starting ft at a boutique as well but haven’t heard anything

 

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.

 

Was there any consideration for pulling offers before they decided things are still a go?

 
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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'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??)

 

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.

 

I am an international and no, FT offers have not been rescinded for me at least - at BB in NYC.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)

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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:

 

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