Common for banks to push laterals back one year?
Hey everyone. I’m curious if it is common for banks to hire laterals and then push them back 1 year in experience. I’m a first year analyst interviewing for some lateral positions and am curious if I would get rolled back 1 year at most banks. I know that GS has done this in the pasts where they hire a lateral for a January start and then roll them into the new first year class when summer starts.
Just curious whether this is a GS specific thing or if this is market and other comparable banks like MS do this with laterals. Thank you! Any insight is appreciated.
Bumping this
It is bank/group dependent. If it's a strong bank (e.g., GS/MS/JPM/top EB), then it's worth it. If not, look elsewhere.
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