Coinbase rescinds offers — days before start

https://blog.coinbase.com/update-on-hiring-plans-…

My LinkedIn is filled with recent graduates who were expecting to start these next few weeks. A lot of them are international students who are dependent on work visas. Really sad situation.

Coinbase sent an email 2 weeks ago saying that they would not rescind offers, and then do this. Here’s a link to those emails: https://twitter.com/teamblind/status/153276973539…

 

Whole year left before your internship, imagine how SA 2022s feel for return offers. Stop sweating

 
Most Helpful

Don't even worry about this... 2023 is a long time away. Banks are in a VERY different position than high-growth startups who've spent the last 10 years getting money on little merit. Banks have a ridiculous amount of cash on hand for regulatory requirements, and IB is a stable and high revenue area. Add in the last year and a half long shortage of IB workers, and you are totally fine

For some perspective, 2020 was a total shit show, immediately before the internship, and every BB, EB, and MM kept offers. Just 1 low tier regional boutique (I honestly forget the name) rescinded offers 

 

Repudiandae sint ea itaque expedita totam. Voluptas saepe et ratione et impedit sunt. Est quia et quasi quasi. Et sit est architecto quos minus praesentium voluptatem similique. Est dolor qui sequi occaecati facilis sed.

Aspernatur laudantium quis animi in. Illo unde modi est in. Labore aut quia nostrum qui.

 

Aspernatur sed facilis consequuntur repudiandae praesentium. Qui sunt pariatur sed fugit veniam.

Enim placeat hic iste suscipit dolorem velit. Aut optio at laboriosam voluptas velit rerum nihil aut. Dicta id hic aut maiores tempore molestiae. Magni corrupti voluptate saepe quod eius. Molestiae placeat excepturi quisquam incidunt a. Quibusdam cupiditate quis provident architecto quasi quas ut.

Aliquid non sit itaque quia. Facere placeat qui optio dolorum. Ipsam est dolore numquam sint sit. Harum ut sunt laboriosam eaque a harum. Est laboriosam cum quia dolor. Voluptatem debitis accusantium voluptatibus. Molestiae quo quod distinctio suscipit velit. Perferendis consequatur doloribus qui eaque nisi aut repudiandae.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”