BAML 20202 Off-Cycle Offers Situation London
Just been told this by a friend who works at BAML in London.
Apparently, after Brian Moynihan mentioned on a call that all summers would get offers they took away the headcount from off-cycles working out of London 😂. In essence, they gave blanket offers to all of the summers who did case studies for six weeks and no actual work. In the process, they screwed over the 20 or so off-cycles who had been working since Jan / Feb.
My friend was saying that the off-cycles got completely led on with good reviews and told by the teams they'd been working with that they would get an offer. Then two weeks after the off-cycle finished they were told the group they worked with didn't have headcount because they gave it to summers who did case studies whilst you were working 😂
He did say that some offers were made to the off-cycle class, but only to girls regardless of whether they performed well or not. Surely affirmative action like that isn't allowed?
Can anybody comments if this is true? If so, how haven't they been called up on it!
I am sorry for this OC class, but shit happens.
Congrats to those who got the offer, definitely hard to secure them during these unprecedented times and good luck to those who did not get them, its time to grind and prove you can do it better and deserve another chance!