Hey! With the current layoffs in the industry, how safe are my US BB (GS, JPM, MS) IBD offer in London for FT 2023? I have gotten the offer, but I am increasingly worried that it is going to be rescinded.
I think it depends. Is the analyst class smaller for your year? If so, they've likely already adjusted for the worsened outlook. If not, there is a greater risk of having your offer withdrawn (no idea how big this risk actually is). If you're worried, just recruit for another FT position and have that as a backup.
Thanks. I don't really know the size of the class so that's why I am worried. I actually have another FT position, but I guess I should let them know that I will not join them ... or should I use them for security, haha.
I can't speak for JPM, but where I interned (Citi) they severely cut back on return offers. Capital Markets only had a 40% return rate, IB still ok at like 60-70%. I would assume JPM would also have already adjusted numbers for FT:ers.
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Brover chill innit
I think it depends. Is the analyst class smaller for your year? If so, they've likely already adjusted for the worsened outlook. If not, there is a greater risk of having your offer withdrawn (no idea how big this risk actually is). If you're worried, just recruit for another FT position and have that as a backup.
Thanks. I don't really know the size of the class so that's why I am worried. I actually have another FT position, but I guess I should let them know that I will not join them ... or should I use them for security, haha.
I can't speak for JPM, but where I interned (Citi) they severely cut back on return offers. Capital Markets only had a 40% return rate, IB still ok at like 60-70%. I would assume JPM would also have already adjusted numbers for FT:ers.
For citi do you mean they withdrew FT offers that were given or just lower return rates
Much lower return rates.
Interested in this as well!
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