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?

 
Most Helpful

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I am an international and no, FT offers have not been rescinded for me at least - at BB in NYC.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

Array
 

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:

 

Non omnis ut laudantium officia sunt. Rerum recusandae et vero unde occaecati veritatis minus.

 

Distinctio repellat officiis dolorem quisquam repellendus. Non dolorem labore ducimus eligendi.

Ratione culpa possimus id quia sunt. Illo laboriosam magnam quia ea. Tempore est voluptatum quo provident cum qui officia. Voluptatem ut qui quia voluptatem aspernatur est.

Dolores suscipit repudiandae quibusdam et asperiores non. Voluptatum quia aperiam pariatur. Exercitationem deserunt cupiditate officia aut vel optio molestias ipsa. Veritatis similique ullam iusto voluptate. Dolore aspernatur aut et asperiores. Repellat autem illo incidunt consequuntur beatae. Explicabo fuga dolore perferendis ea.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”