BB & EB SA Conversion rate for 2020
Any seniors could share your estimates? I personally sitting at 10-20％ since people ain't quitting BBs at this awkward timing so no headcounts for new joiners.
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I think 5% at most.
Don’t think it will be far different than what we’ve seen in the last few years. Not sure what you mean by headcount of existing 2nd year analysts not decreasing? PE or whatever exit recruitment happened way back. The underlying issue is the virus that is impacting the economy through halting services and manufacturing. It’s not very accurate to compare it to histocrical recessions caused by underlying issues with the financial system and consumer confidence.
This guy knows his shit. Very insightful.
Thanks but I’m just an incoming SA also lol. Just trying to think rationally hopefully someone more senior can chime in.
To add a new perspective to this discussion: looking at past threads on offer rates, it seems to be the consensus that most banks have already “downsized” last summer in terms of offers given out/headcount cuts.
Would it be possible that those moves act as some sort of cushion for what’s happening now? Don’t doubt that offer rates will likely be lower, but maybe not as bad illustrated here. Curious to hear some thoughts of senior people on this forum.
They have also increased off cycles and their conversion is fuck as hell, so there will absoluty less seats than last yesr, unless something changes. Would only assume JP to keep their conversion
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