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Career Resources
Why not just talk about other shit about the firm that you really like and say that those things make it worth the risk. And say that you really clicked with the people you've met, and although you hope it is unnecessary, you would hope that down the road, if need be, one of your Barclays superiors would be happy to write you a recommendation/make a few calls on your behalf if your employment was terminated because of job cuts as opposed to you actually doing something wrong.
However, I'm a know-nothing college student who is also applying for interviews right now so don't take my word for it.
Culture will be big.
Desire to join and lean team that is positioning itself to move forward stronger by having stripped out the excess. Often (not always) large scale firing at an IB makes the teams flatter because the people to get canned are the ones in the middle that cost a lot but aren't bringing in the business. Try to coaberate that with someone there.
These are the types of questions you should be getting from networking. You should be asking people who work there (in a tactful way) what they feel Barclays competitive advantage is.
Snowballing on everyone's answers, I think a big point is that the cuts will result in a streamlined operation will give you better access to senior bankers and clients, and therefore will facilitate a better learning environment for you
If you networked, then the answer should be really easy. You really clicked with the people you met, you found them very open and helpful, and whatever other stuff they've told you about advantages.
I don't know why the other replies are telling you to talk about the cuts. You shouldn't be trying to spin it or even mentioning cuts at all - it comes off as a very backhanded compliment at best.
I agree it shouldn't be raised by the interviewee - the question was about arguing about a reason to work there, so I answered assuming it was a point that was raised by the interviewer (although I would find it hilarious to actually have an argument over why you want to work there with the interviewer)
They're cutting in fixed income commodities and trading. Not core ibd. Check your sources man
+1
Dat moment you interview and start talking about the German market but it doesn't make sense because there is no problem.
So coverage, m&a, LevFin, dcm, sponsors, all fine
Just like the above poster said, they are not cutting in IBD. They have actually even publicly stated that they are going to focus more on IBD, so you would have made a fool out of yourself if you said that they are cutting thousands of jobs in IBD.
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