Not sure about SAs this year...
what do you guys think about recruiting next year for the US, and Canada (as separate entities).
Do u think canada might better weather any storms?
Thanks
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hiring hasn't slowed down at all in Canada I can tell you that much especially for SAs, not positive on FT recruitment this past year.
I would argue that US SA recruiting hasn't stalled either. FT was a bitch, but I've had no problems with summer apps. To answer your question though, no one knows what the economy will look like in 2009. My interviewers were optimistic about it, and told me that it would be an excellent time to start FT. Further, they said that they take in the exact number of summers that they expect for a FT class size, so the only FT hiring is due to insufficient SA yield.
"take in the exact number of summers that they expect for a FT class size, so the only FT hiring is due to insufficient SA yield." means if it gets worse, then BB IB interns will end up without job offer. hmm..how can we help the economy alittle bit? Spend more $$ in the City this summer?
...and neither can banks, or else they wouldn't have hired so many people in the fall of 2006, only to start laying off people now. When times are good, everyone thinks they'll last forever; when they're not, everyone thinks it will never end.
2009 might be worse than 2001-2002. Or it might be better than this coming year but worse than 05-06-07. Or who knows, maybe it will somehow top 06-07.
It really depends on how the economy and banks do into the middle of 2008. If everything continues to suffer, expect much FT recruiting pain, even worse than this past year. If it improves a bit, so will FT recruiting.
SAs are not as affected, though I don't think there's much of a difference between Canada and the US.
ML gave 2 internship offers from my school this year. They gave 4 last year and didn't come back for FT. They plan on coming back FT. I think there are less interns taken
Definitely less interns being taken - mostly of these cuts are coming from non targets though.
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