With everything going on in the markets, can anyone confirm if BB firms are cutting back on the number of their summer analyst?
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the alumni that i have talked to at several of the bulges have claimed that this isn't a legitimate concern... i don't know if i necessarily believe them but according to them the BBs are NOT cutting back on summer analysts this year
ive had the same experience in talking to ppl at banks. but honestly, i dont believe them
My contact at BB said that his bank was cutting back only slightly but his bank had a very positive outlook for 2009 (when 08 SA's go full time). Im thinking it really depends on how many junior bankers they want to have in late 09 early 2010
yeah, and probably on the bank too. citi may not be up to par this year
Despite what they say, whenever the economy gets worse banks recruit less or start cutting people. Summer analysts won't be as affected as those seeking FT jobs in fall 2008 will be, but it will be harder to get a job than it was this time a year ago.
Obviously some banks (e.g. Citi) are likely going to cut back more than others.
I go to a target. Is the first round summer analyst interview in full swing yet? I applied to alot places and haven't heard back from most of them.
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