FT recruiting 2021
So, if every BB gives out instant FT offers to the SA, I'm assuming BB won't take any FT externally unless someone doesn't accept? Seems like FT for 2021 will be VERY difficult for BB and maybe EB. Anyone have any thoughts?
On the other hand, maybe BB know that M&A activity will be busy and they'll need a solid FT class. If they already give out 85% return offers, maybe the FT classes won't be noticeably larger as some may not return or they'll get good PE offers (I'm thinking PE will be busy in a little while). FT may be relatively normal or even slightly more open.
Why would someone decline an offer they recieve in IB right now for FT 2021 given the climate. I would be highly suprised if summer analysts in this class don't accept their return offers. It wouldn't make any sense... now isn't reall the time to gamble.
Does that include DB? Surely with all these banks going virtual, offering full pay, or giving FT offers, they cannot cancel because it will ruin their reputation? I'm scared AF they will cancel without doing any of the above. They haven't even sent out ONE freaking email about anything. Lord have mercy on the DB SA Class of 2020.
DB won't pull any offers for summers or FT. They've been quiet this whole time because they have no clue what to do, as does anyone else. Banks follow each other, in almost everything. So when a few BBs start giving FT offers to summers why would others risk their reputation in not doing so? Also, DB is actually trying to improve their reputation for future classes so the last thing they would want to do is screw things up now.