All, how will the recent credit crunch affect hirings across the boards with BB firms? Will all analyst classes be significantly decreased? Also, on a more personal level, I'm a rising junior at a target, with a 3.5 GPA, decent ECs and work experience. Will the recent downturns in the market cut me out of 1st rnd interviews entirely? Or do you feel there will still be opportunities available?
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I've talked to several BB recruiters about this, and the consensus seems to be that internship recruiting really hasn't slumped. However, they are moving towards hiring less new FT recruits, meaning that most of their incoming class will be former interns.
If I'm completely wrong here, please correct me.
This has been the general consensus from most of the banks on the street. While SA hiring has not been really slowed down, I am sure that hiring will not grow as much as we've seen in the past several years. I am sure, however, that banks will continue to hire a record number of analysts this year, but you will not see a large % increase from the year before.
I would not worry about hiring for SA's yet. However, I can't say the same for FT next year.
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