As a worst case scenario, does anybody know what happened to the graduating/ second year MBAs during the GFC in 2008? This would serve as a good indicator as to what is to come. Thanks.
| +67 | PWP acquisition by Piper cancelled | 27 | 1d |
| +60 | Is my MD a grifter? 16 years, 8 firms | 16 | 13h |
| +43 | No return offer - UPDATE. | 12 | 1d |
| +41 | "Corporate & Investment Banking" Analyst - Why? | 35 | 5h |
| +40 | Article: UBS Wall Street Rebuild Is a Study in Management Failure | 7 | 2d |
| +30 | MS / GS IBD ACs London interview processes run by nationality? | 21 | 2m |
| +29 | Lack of talent in IB! | 25 | 17h |
| +28 | What Are The Best Boutiques 2026/2027 | 16 | 18h |
| +24 | Wells Fargo Calling Themselves a BB? | 16 | 20h |
| +24 | Moat of modelling in PE/Finance completely vanished; | 3 | 1d |
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.
Was freaking out a lot initially, but headed to a BB coverage group and the risk of rescinded offers is low- still a risk, but realistically banks still need some semblance of a pipeline. The first year will probably be tough with low/no deal flow, but I’ve made sure to maintain contact with colleagues in other firms and industries as a hedge if things don’t improve in the next 6-12 months.
The main thing to remember is that this is a health crisis with economic consequences. So many things will fundamentally change when we hopefully come out on the other side of the health side, but fundamentally banking isn’t going to vanish- it will likely be leaner and more challenging, but it’s still a service that will survive for the foreseeable future. I just try to hustle and stay sharp.
At the end of the day, things may get bad, but as a guy who started banking in 2008 told me- you can only go up from here! There’s always opportunity, just stay healthy and reframe you’re mentality to leverage what you can to make things work.
Vitae iusto nesciunt quo aspernatur iusto fugit. Id hic nulla aut neque. Dolorem quos aut non odio.
Sapiente quos dolorem quas. Facilis aliquam non rem natus voluptates omnis eveniet. Nisi non consequatur voluptatem nemo et quia. Corrupti sapiente velit ut ducimus autem ut.
Iste consequuntur rerum at et voluptatibus eos. Eius nostrum voluptatem tempora reiciendis sit unde eveniet. Qui omnis eligendi velit voluptas in ad voluptatum. Sint optio corrupti cum sequi. Consequuntur sit rem dolor dolorem. Qui fuga et aliquid eos porro earum.
Earum adipisci accusamus delectus perferendis accusamus neque. Aut aspernatur nihil soluta consequatur ea totam.
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...