Layoffs, downsizing and job prospects
Over the last few weeks we have seen significant layoffs, and talk of teams being overstaffed with not enough meaningful work to go around. There is talk of cutting down on lateral hires, and only recruiting internally if at all.
I am applying for MSFs that start in fall '24. That would put my targeted start date in summer '25 or off cycle '26 depending on whether the program ends in May (10 months) or December (15 months with a break in the summer for internships).
In light of recent events does it make sense to go down this route? My main draws to MSF programs are; a better brand name, 1 year of cooldown time to allow the market to improve while i "upgrade" myself, and a shot at a high gpa with which to recruit.
Where have there been layoffs?
Citi, Lazard, Piper and possibly other places
Interested in knowing as well, Currently have an offer to attend Bayes University for a Masters In Corporate Finance in London (2024). Is Bayes even Target in London?
Haven't heard much for london offices
Semi-target at best but if you have the right internships, the right gender and/or ethnicity you will be considered
Rep has deteriorated slightly over the last few years. Used to be a decent place to be for placement, well below LSE, LBS, UCL for MSc but still OK. Semi target at best now.
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