Banks yet to open FT'25

Of the banks which don't have FT postings/no WSO coverage as of 8/28, any idea on potential prospects or if they will open one at all? Any updates would be appreciated. I threw some names off the top of my head which didn't open officially: BofA (full I heard), Guggenheim, Barclays (only Menlo for new grads so far), Macquarie (just opened SA Fall), Baird, RBC, Solomon Partners, Mizuho, Nomura, Greenhill, Allen & Co, HSBC, Rothschild, Lincoln, Stifel, BMO, Rothschild, Scotia, CIBC I'm sure there's been some internal recruiting and that not every bank will have FTs up, but any word on prospective openings?

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NYC yes, not sure about other locations. They had some RX spots open, but were filled by people who did the generalist internship. 

 

I networked very hard with them through the summer, and have reconnected with a number of senior people in the past weeks who said they aren't going to run a FT process. 

What office are you coming from? 

 
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Can anyone who went through FT recruiting for 2021 talk abt the impact of rate cut. Like will be see an explosion in openings after the first few cuts later this year? Will there be a second wave of FT?

 

Not someone who went through FT recruiting in 2021, but having spoken to enough people in this process recently, it seems like the impact of rate cuts will have the most impact on the size of 2026 SA classes and potential full-time spots that would open up after 2025 summer. Still need to see 1-2 quarters of stability post-rate cuts and other macroeconomic factors move before considering expanding headcount at the junior level. Lot of places that took on full or parts of teams from CS and SVB still have a lot of bloat, so that def doesn't help. 

 

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