Are BBs Accelerating Recruiting?

Recruiting is such a fucking shitshow now. Nobody knows when they're gonna recruit until they start. HR blatantly lies to candidates in OCR presentations ("We will only recruit in the fall, we won't accelerate we don't care about what others are doing") and then turns around spreads misinformation to their own analysts and associates who misinform candidates. You can talk to an analyst in April who tells you that apps won't open until August, then you focus on networking with other banks only to hear from a friend two weeks later that interviews just went out because some MDs got spooked that they would lose all their kids and told HR to fuck off and kicked off the process. Then there's the mess that's exploding offers where you give kids like 3 days to figure out where to start their career breaking all their University career center rules and guidelines but of course they don't give a shit because university career offices are spineless, and hey are they really gonna ban us from OCR next year? And if they do so what? We'll just shoot emails directly to the investing clubs where we get all our kids from anyway and cut the university out of the process altogether and fuck nontraditional candidates even more. And then there's the herculean task of convincing other banks to accelerate your process when you have an exploding offer and they tell you they can't but encourage you to "really consider how much you like our bank; I think you'd be a great fit if you choose wait around for our process to kick off." Essentially telling you to decline the offer and sit dick in hand waiting for them to give you an interview which probably won't turn into an offer anyway but what the fuck do they care. Or maybe they'll tell you to "make the decision that's right for you, but you should still keep in touch when our process kicks off" because they don't give a shit if you renege on another bank so long as they get the kids they want. When I recruited I had three senior employees at three different banks encourage me to renege on an offer to participate in their process. But god help you if you turn around and renege on an offer because suddenly, the same bank that didn't give a fuck about your University's campus recruiting office and their rules three sentences ago suddenly is telling you how your decision is unethical and threatens to snitch on you and you have to wonder why the same 35 year old communications degree holding, computer illiterate, career center lady who couldn't step in to protect you from a bad faith predatory exploding offer can banish your ass to the shadow realm and block you from OCR forever.

The stupidest part is all of this fucks not only the candidate but also the bank. Go ahead, push up the timeline so you're recruiting sophomores in April when they've literally never done a single relevant internship and are only doing this because daddy or their friends told them they can make a quick dollar in finance. And suddenly because you're recruiting those kids in April, your diversity process is happening in February and you can't even ask technicals, because come the fuck on its February, and hell once people have an offer, why the hell would they learn the technicals afterwards? I sure as hell wouldn't.

The funny part is that this literally doesn't happen in any other field even the other highly competitive ones. Software Engineering, Quant Finance, Consulting, somehow all those jobs recruit reasonably in the fall at the same time. Maybe its because those interview processes are meritocratic enough that top candidates don't feel pressured to take a shitty offer because they know they can win a good one and top companies don't feel pressured by shitty companies pushing up their timelines and stealing insecure talent.

And don't even get me started on on-cycle buyside recruiting.