BB FT IBD Hiring for Class of 2009

In the current environment...many BB aren't even offering their summer analyst FT offers. FT Hiring will be spotty and slim- random divisions might have a few open spots.

this fall is gonna be brutal IMO. I was just browsing my on campus recruiting website, and only 1 BB signed up. it's true that it's still early, but you gotta be kidding me...

I also just browsed my campus recruiting site and all BBs/boutiques are there for FT IBD. However about 75% are for positions in our regional area, while 25% is for NY. No firms have S&T spots however, which sucks for me.

ibd hr at my bb (not Merrill and not the three other bb's you listed) told us they would not be doing ft recruiting at all this fall

I go to a semi-target but even we attracted most of the BB's last year for the fall school-wide career fair. I know people that ended up with offers from this so it wasn't just for show. This year...all I see listed is Morgan Stanley with no additional details on what if anything they are looking for. The BB I summered at told us they weren't doing campus recruiting at all this year.

My school about only a quarter of the BB listed from last year. I'm telling all my friends who have a FT offer to just sign, don't even bother looking around your just wasting your time.

is the situation this bleak only for NYC offices or also in other major offices like London and Hong Kong? do top BBs and boutiques post positions for foreign offices?

I've heard European and Asian divisions of banks have been doing pretty well actually. In some cases offices in the Rest Of The World are making huge profits while NYC drags the numbers way down.

Unfortunately BB London offices only really recruit heavily at LSE, Cambridge, Oxford and Imperial College, plus a couple of continental European schools to bring in some foreign language speakers. I think Asia recruits locally as well.

They WILL be recruiting a new analyst class this year...they actually need analysts...what will they do with just half the number of analysts next year

Its still early career center-wise to have banks listed

of course banks will come to campus this year... to keep up relations. however, they will do their presentations, make plans for summer recruiting and maybe interview a handful of people for FT just to say they did it and hire 1 or 2 if any. thats how i see it.

i mean think about it... some of the summer analysts in my bank got put "on hold" so in the off chance that someone turns down an offer this year the kids that are "on hold" will fill those slots. good luck to all you seniors who couldn't land internships or came late to the party. you should consider corporate finance.

i heard equities in dallas is hiring at Citi

Ignore coverthis.

He is still masturbating over his full-time associate offer where he will be in a position to tell the incoming "immature summer analysts" what to do as well as make more money than them.

Ah the delusions of grandeur...In addition to Liar's Poker, I wonder if he has read Monkey Business.

i can't read. someone read them to me actually, to be precise.

i'm just reporting what our HR department said about recruiting which is that they don't want to go to campus for full time recruiting. that being said, i would imagine they will be on campus for summer recruiting and to keep a presence.

at any rate, good luck, if you don't have a job yet, then you're fucked.

coverthis may be a dick but I'm inclined to agree with him.

big unit, what will they do with half the analysts? I don't know, based on what I saw this summer, probably have them surf the web and pitch deals that will never happen in this environment.

so no PE job for an arts history major from sara lawrence with no prior finance experience ?????

:)

zino,

I agree analyst classes will be smaller, but in terms of cost-structure having an analyst class making pitch books is worthwhile if you shave off more upper-management.

It makes sense to chop from the top and add to the bottom, but the economic fog is keeping MD and hr hesitant. WSJ columnist Stephanie Caparrell confirms that bank strategy but everyone knows that journalists and writers never know chicken shit from chicken salad. My ib contacts says that capital markets have been terrible and the bb opportunities are not coming for a 2+ years. Landing a banking job will be shoving a square block into a triangle hole...better look elswhere. Teach for america, jvc, peace corps anyone?