Did anyone receive the message regarding postponed starting date from July till October? Meanwhile, these 3 months will not be paid... To be honest, informing the employees just one month before and what we need to think about right now is how to cover the expenses during these 3 months and what to do during this extra free time!
| +192 | Americas M&A League Table Q2 Updated | 76 | 4h |
| +142 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 36 | 14h |
| +121 | Restructuring: Anti-climactic Experience | 31 | 16h |
| +92 | IB Net Worth / Savings Check | 42 | 4h |
| +78 | A COMPLETE GUIDE TO SUMMER INTERNSHIP RECRUITING | 12 | 3d |
| +68 | Woman who emptied Knicks trashcan on street then stole it was DEI exec, worked at JPMorgan Chase | 16 | 1h |
| +51 | Boutique firm wants access to my LinkedIn? | 40 | 2d |
| +38 | Investment Banking is Hard | 17 | 2d |
| +37 | 2026 VAULT PRESTIGE RANKINGS | 24 | 6h |
| +31 | PWP vs BofA | 24 | 12h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
that's terrible... what division are you in?
Yes. I wonder how DB plans on compensating us? I know like 6 other previous SAs who moved to NYC the day the message went out. We're are all paying $1600-$2000 for rent without an income. That honestly sucks if DB doesn't compensate us.
Update: reading the message again, it looks like we can be reimbursed for our expenses. Do we talk to HR about this?
Do you think they will pay analyst's rent through reimbursement? Or more likely, pay a cancellation fee for the rent? Also incoming DB.
I’m not sure. I would email HR. DB should just give us our signing bonuses. I know two previous SA who are international and they can’t afford to not pay rent or they’ll be homeless.
So it's still unclear and definitely it's going to be a tough negotiation. Seriously I got so pissed by this and let's hope that the starting day won't get postponed again!
That’s much more progress than US HR. We talked about my needs (rent, groceries, etc). She was sympathetic, but she said she can only forward them to the VP, HR. Haven’t heard anything since then! I’ll send another email in a week.
I haven’t received a new contract from HR.
Interesting!
word on the street is there’s a hiring freeze but unsure who is affected by it. blow up HR til you get compensated. did you get your signing bonus? that would cover your move and lease break. good luck
You guys in banking going into 1st year spots need to understand these companies owe you nothing until the first day you step into that office and do work. The start date on your contract is meaningless, actually that whole contract is completely meaningless. The fact they're offering to cover expenses is extremely generous of them.
hi guys,
current DB analyst. wanted to try to help as much as I can by providing some feedback/comment. since starting, I’ve found that most if not all of my work expenses have been reimbursed. Whenever DB HR or someone gave the wrong info (once I had $200 taxi expense), they will usually compensate it (especially if your manager pushes).
if DB is saying they may reimburse, I would push to try to get a concrete answer. get an understanding of what will or will not get reimbursed so you don’t get on the hook for something.
They're not even answering our emails. If I don't hear from them by the end of next week, I'll start recruiting again. There's no way I would work for a bank that is fine with leaving its most junior talent with no resources.
maybe give them a few more weeks until they will be able to come up with an assured answer.... Wish you good luck.
Deleted
You all need to read Dark Towers in your down time. Unfortunately, none of this surprises me.
It’s less than 2 weeks until start date. How’s the onboarding process for everyone?
When did they begin onboarding? (i9, background check, education check, fingerprint, etc...)
First week of August.
Finally starting soon!
Molestiae pariatur modi quia consequuntur assumenda dicta ullam. Aut dignissimos omnis rerum incidunt amet natus. Ea quae possimus vero qui eaque nisi magni.
Occaecati dicta libero pariatur magni earum excepturi explicabo. Necessitatibus architecto officia quia et. Delectus quod minus non laudantium. Doloribus aut alias voluptas. Et voluptates quae velit tempora sed doloremque sint. Quidem laboriosam nostrum iste ad. Quibusdam enim labore voluptatem deleniti rerum.
Eligendi consequatur magni amet dolore consequatur aut. Et sed velit culpa delectus possimus alias. Accusantium qui et velit tempora. Vel tempore beatae officia quas veritatis eos in. Ipsa adipisci explicabo aperiam aliquid perferendis quia voluptas nihil. Enim fugit accusamus velit dolore et eveniet.
Id quo consectetur occaecati sed cupiditate. Omnis ex esse nam cum enim saepe. Animi possimus reiciendis earum commodi consectetur blanditiis rem. Aut sapiente corporis dolores dolorum voluptatem sunt.
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...