With JPM/GS/MS having already agreed to do the same, if the other banks continue to recruit on a super accelerated timeline, they will have to recruit again in the fall after many students renege on their offers.
thoughts?
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Where did you get this info that a bunch of schools have decided to prevent banks from doing that? At my uni (non-ivy target on east coast) our career services folks are split 50/50. Some of them hate this timeline while others are happy because the most prepared students are the ones signing.
My school is also very strict about reneging on offers, so if you get caught doing that after signing with a bank from on campus recruiting, you will most likely get your Handshake and OCR privileges revoked - which can be dangerous if you don't get a return offer/the bank backs off. Idk how it is at other schools, but I imagine it's similar.
IMO, banks are not gonna slow down or listen to schools complaining about the timeline. They have no problem filling their classes.
FYI, MS is recruiting at my school next month, and I know that GS does accelerated recruiting for core schools before general apps open; both of those facts don't seem to have changed this year from what I've seen/been in contact with.
What is your source for MS backing off until the fall? I have not seen anything about that anywhere and I am pretty sure they are gearing up to start recruiting in the next few months
Lmao GS/JPM slowing timeline is just a PR stunt. GS is gonna start recruiting soon (1-2 months from now)
My buddy in gs is on the recruiting team for his target uni
Source? I'm really interested to know which schools you're talking about.
A memo went out to banks from the schools. Iirc I saw Wharton, Harvard, and UVA on there so its both targets and non-targets. My bank received the memo and it was going around the firm
Lol, none of those are non-targets. At least at the undergrad level, banks still recruit at Harvard.
Why the hell would banks care about non-target schools' opinion on recruiting, the whole idea behind the term non-target is banks don't recruit there anyway
Schools only have power over on campus recruiting. Phone interview first rounds do not count as on campus.
Very involved in recruiting at my bank and can tell you things are going to mostly done by June.
I was told by an MD that UT does not let bank hold info session at the moment. Can't confirm if it's true though
UT has an info session for Moelis next month
......
Besides a few major firms that you can count on your hand, no one is waiting out on recruiting till the fall. As another user said the GS and JPM wait till the fall thing isn't really happening as they are recruiting before apps even open online. Without that, several BBs/EBs have already come onto my campus. First rounds will take place mid-March.
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