Hi guys,
You all probably saw on the news that Barclays just put on a hiring freeze. However, I was wondering how will this affect interns receiving full time offers?
Thoughts?
| +269 | Earliest you can get fired | 58 | 3h |
| +250 | UBS’s M&A BANKERS ARE DOING TERRIBLY. $200M EXTRA IS BEING CUT | 47 | 6h |
| +234 | Investment Banking is Divine | 40 | 51s |
| +223 | Career Crossroads | 31 | 21h |
| +214 | US 2027 SA IB worried about background check | 52 | 1d |
| +206 | Analyst: Why is UBS IB doing worse than peers?, UBS CFO: No Comment | 41 | 15h |
| +204 | Another $115bn Mega deal for these banks. Congrats! | 45 | 11m |
| +115 | Is UBS really that bad? | 37 | 11m |
| +38 | Is Houston SA 28 recruiting already over? | 33 | 1h |
| +23 | Sweat Group 2026 Discussion | 24 | 17h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Likely not at all since everyone needs to fill their next analyst class anyway
Can't imagine a large investment bank not hiring analysts for a year
-
And the odd thing is Barclays is fast-tracking their analysts to associate level. So the need for analysts will be there,
No worries; still hiring, even at senior levels (at least the IB side).
Source?
And how come the news is reporting them having a hiring freeze? I'm genuinely curious.
Hiring freeze only pertains to non-campus programs. Analyst and associate programs are still going to give full time offers, although I would not be surprised if the offer rates were lower.
However, lateral analysts and associates (and of course, all senior hires) are on indefinite freeze. I think there are exceptions taken on a case-by-case basis for critical business need.
Source: http://m.lse.co.uk/news/view-article.asp?article=sn_5bxmsnx5
No way Tom King will pass on hiring someone because of the freeze. Jes might be the group CEO, but Tom King will hire whoever will boost revenues in advisory/origination.
None of IB (don't consider s$t as IB) is downsizing. if you are in U.S., the offer rate will stay high.
So all in all, don't worry about it. If you worry about it, you are either stupid or too junior to understand the business, as one MD said.
-
Vitae nesciunt similique corporis dolor. Magni perferendis ratione id dolore quisquam in officiis. Debitis adipisci ipsum est voluptatem aliquid rem eveniet maiores. Minima quibusdam voluptas ratione ut et doloribus atque.
Minus sequi eius adipisci. Rerum natus ipsum impedit doloribus sit.
Veniam ipsa error omnis. Aut nobis et aut ut. Ut inventore hic quaerat. Rerum delectus libero incidunt ipsa unde amet.
Doloribus ut odit aut neque molestiae. Est quis impedit quia molestiae corporis ipsa. Maxime nam hic mollitia et eius. Cum voluptas iusto corporis sed magni ut omnis. Molestias enim neque quia animi expedita. Qui cumque ab ex vel rerum fuga nemo.
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...