BofA incoming FT offered mid-May part-time start. Accept?
An email sent out today by HR offers incoming FT analysts the option to start early part-time. Any hidden advantages or disadvantages from accepting/rejecting this?
Trending Content - Investment Banking Forum
| +267 | Why UBS Is the Worst Place to Start Your IB Career | 40 | 2d |
| +219 | UBS 2nd Year Analyst Q&A (2026) | 41 | 1d |
| +102 | What's your craziest "hardo" story? | 18 | 4h |
| +73 | UBS IB 26Q2 a Disaster! Advisory Revenue Down 23%, Capital MarketsDown 5% | 11 | 4h |
| +53 | Wolf of Wall Street vs. Reality: Anyone else feel scammed by the movies? | 19 | 18h |
| +50 | Suspended for a Year | 21 | 23h |
| +49 | Elite Boutique interview questions | 17 | 2d |
| +37 | so confused about 28 SA timeline | 30 | 14h |
| +34 | Lincoln International Return Offers | 9 | 2h |
| +33 | Rate my non-target resume | 19 | 7h |
Career Resources
yeah, that you stay part time
-
Out of curiosity, what's the rationale behind this? if the M&A markets are actually as dead as people describe them to be...
Very interested in this- can you please tell more details ab this
-
This is IBD? What divisions etc if you can speak to that- were you an intern before, etc.
The rational is that they can throw them out earlier and reason it with business circumstances rather them cutting their offers which make them look worse
what makes you say this- elaborate
Just think about it. Why should a bank want anyone to start part time like some months earlier? I mean how should part time even work in IB? Hey man sorry cant finish this because my contractual hours are over?
fair point - start em in May and cut em by end of year, that's a good 6 months window which "justifies" the bank for any potential layoffs related to "business reasons"
.
Honest guess is that they want part time workers so that they can make their summer internships virtual and offer automatic full-time offers.
Yeah I would agree. Seeing as many banks are pushing back intern start dates to July (when you'd expect interns to start being able to do something) and 2nd years will be leaving in July, they'll need some sort of buffer for that June/July period to balance out the shortage because new virtual interns are going to be even more useless than new in person interns (was a former intern and can attest that we were quite useless at the beginning). Having incoming FT start in May gives them time to "warm up" again and be ready to go in late June and into July when the interns come so the interns can be the new 1st years' problem and not the problem of seasoned analysts starting their 2nd/3rd years.
Yep. This seems exactly like what their plan is
Are you out of your mind?
Can confirm for IBD London office
I would say "only advantages," if COVID lockdown continues to your old start date. As someone previously mentioned, this is probably an attempt by the banks to soften the blow of top 2nd year analysts being replaced by virtual summers (oof), not a nefarious scheme to cut a bunch of FTs.
The only real upside to starting in ~July (or whenever) was traveling, taking a breather, etc. before hitting the desk. If COVID's still screwing that up, there's probably not a ton you can do with that spare ~month-and-a-half anyways. On the flip side, it's going to be a TOUGH stretch -- in terms of both job security and comp -- at IBDs for a bit. Starting work early, getting a reputational and experiential head-start, etc. could be massively beneficial, to say nothing about the added pay (which you can plow into your favorite growth MF, or save up for an apartment deposit for when you actually move).
Ipsa magnam saepe qui cupiditate quo animi. Temporibus quia sed laborum aperiam quo cumque voluptatem maiores. Quae assumenda aut labore sint asperiores. Odio autem dignissimos reprehenderit molestias sit eos ducimus. Itaque eaque necessitatibus laboriosam molestias incidunt. Repudiandae facilis unde aut ex autem architecto. Id animi repudiandae doloremque corporis error eveniet aliquid.
Quo quam omnis exercitationem quis tempore. Earum repellendus reprehenderit repellat ipsam accusantium voluptas quam. Et ut et est voluptate. Qui placeat est odit similique unde tenetur. Veniam molestiae praesentium corporis laudantium rerum officia. Voluptatibus porro vitae magni.
Nobis doloribus nobis ex. Corporis perferendis quasi sit nobis. Est et sint voluptas quidem vero.
Voluptatem quia error maiores quia. Ut aliquid amet quia et vel nisi nihil. Ipsum qui et eos perferendis doloremque. Officia neque culpa facilis et a esse.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...