banks like CITI blanketed offers to interns. FT recruiting will be super competitive already and now there will be fewer spots and a poor market with high unemployment
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| +23 | Internal lateral from coverage to M&A (focused on coverage) | 8 | 5h |
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Thank you for that statement captain obvious
yes and
”it would be crazy to think that the economy is not going to bounce back even a little by then”
??? Its already mid 2020 with COVID-19 still widespread in the US, millions of people unemployed, GDP going to drop substantially Q2 and probably Q3, companies are declaring bankruptcy left and right, the Fed is at this point literally out of options, interest rate is at 0%, economists are forecasting a global recession and yet you think there is going to be a bounce back by next year?
While no one knows the future, the odds of 2021 being a shit year is pretty high.
Edit: also this has never been seen before, tell me the last time when unemployment hit almost 40mm and 100k+ americans dead within 2-3 months are you an idiot
Deleted
Yes, I understand that. However, many people are expecting to go back to their old job after covid is over. I am not saying that 2021 is going to be the best year ever for deal flow. But if you honestly think that deal flow is going to be worse in August of 2021 then right now....
I don’t see a word where a notable amount of people deny full time offers from a great place like citi. you can either make $100,000 and have a big dick job or join the 40 million plus Americans fighting for jobs and accumulate debt from unpaid student loans. no brainer choice to me
people will deny it. Some people go through the internship and realize that IB isnt for them. Happens everyyear. This year may be fewer people, but will still occur
Granted, that’s a fair argument but some interns might use that to their advantage to shop around to another firm with a better name/group. It was a double edged sword for Citi to have made an open statement/decision like that tbh
No BBs except Citi guaranteed offers
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