JPM Cracking Down on Buyside Recruiting
Post from Litquidity… thoughts on this? How will it impact incoming first year analysts and associates
Post from Litquidity… thoughts on this? How will it impact incoming first year analysts and associates
Career Resources
Bump
Absolute cheat code. Accept buy-side offer (and fully disclose JPM conditions in the process), get canned, take 1.5 year vacation. Absolute steal.
i would assume most buyside offers are contingent on fulfilling a certain amount of analyst program - is getting canned a bypass in this case?
Jokes aside, no it’s not a bypass. You will get your offer withdrawn (I’ve seen it happen).
The best thing I’ve seen that was remotely similar was for CS analysts/other banks that imploded and then lateraled without getting their offer pulled + when you lateral you have some ramp time so the overall analyst experience was less intense than just finishing your analyst program at your original bank.
Realistically, I don't see how this stops anything. NYC is an at will employment state. So you get an offer. As long as you do not go around flaunting it then you should be fine.
The roads I see this going down are as follows:
1.) They will either have to start firing analyst for failing to disclose conflicts and/or even potential malice. Which, is theoretically fine, but then I am sure someone will sue at some point as how would you really prove an analyst had control of a deal. In addition I see potential firings, getting out and really starting to see the effects on analyst class recruiting.
2.) JPM has to actually has to start making their analyst program good enough to stay. This either means right-sizing staffing or increasing pay to the point people want to stay. I am curious how the "equity award program" comes out, but realistically If you ask anyone that has done banking at a BB, you know that politics and bonuses at the analyst level can be fickle.
Analyst would probably fall under the Non-Compete Clause Ruling that came out earlier this year, so realistically, I am not sure that JPM could really stop the recruiting train.
Odio dolores non nesciunt nemo vel in et. Eos magni repellat ipsum aspernatur inventore distinctio aut. Mollitia perferendis aspernatur reprehenderit nihil. Ipsam non alias libero delectus velit aperiam. Voluptatem nam necessitatibus esse qui aut perferendis eaque. Quas temporibus quo ducimus ut doloribus aut. Dolores culpa impedit sunt reprehenderit aperiam. Voluptatem aliquam ea aut culpa sunt eos qui non.
Et ut voluptas eum aut et omnis omnis corporis. Sed voluptatibus unde mollitia voluptatem maiores. Debitis beatae quisquam et vel nobis ratione tempora alias. Non ratione autem autem ut consequatur veniam aperiam. Ea et laborum neque qui molestiae maiores quas aliquid. Quod qui quasi est consectetur odio.
Error similique odit sunt aspernatur. Aut at inventore temporibus possimus nam.
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...