Some BBs have been getting greater dealflow than expected, and I heard that they have recently been asking non-offer SAs from last year's class to join the 09 analysts. Can anyone confirm this?
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what division and what bank? PM me if you dont want to share public.
Which BBs have you heard this about? I had heard this about CS, but it was through the grapevine; not sure how accurate the info is.
It would be rather strange for CS to be doing this, as they just spent a ton of money deferring a large portion of their class. If anything they should just see if any of the deferred people want to start work right away, in exchange for getting to keep part of the loot.
this whole thing sounds very farfetched. We all know people who are out of work that would roll back to an analyst1 as well as a pile of qualified grads looking. It would be too awkward to bring back a former intern that didn't receive an offer. Plus, if the intern was worth anything, he would have found another job in the mean time. I think there will be some off cycle hires in certain groups, but things will move down the food chain. first, analysts in other groups without flow, then top analysts at other banks looking to move up or laterally, and then laid off folk from other banks, and then recent grads.
I know an undergrad at an East Coast target who didn't get an offer to return (final status was placed on hold) but has since been contacted by GS HR to final round interviews for an '09 Analyst position in NY.
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