With the 10-year rising, the yield curve starting to flatten, and major indices starting to tumble, what are the risks of the 2019 FT analyst class losing our jobs before starting in June/July 2019? Are accepted offers legally binding? What was the situation like during the financial crisis a decade ago?
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Your contract probably has a line that says either party can terminate employment at any time. So, yes they can pull the offer if they need to.
I wouldn't spend too much time and energy worrying about something so outside your control.
Unless something major major major happens, you guys are safe. This isn't the first market bump and it won't be the last and banks won't rescind your offers just because the market isn't as hot as they thought it would be.
Aren't we overdue for a major recession?
The stronger an economy is, the more people believe it is unstable. Really is not the case.
Not every recession is like 2008.
Can you expand on what you mean when you say there is a major shortage of analysts and associates? Its my impression that there is a massive surplus of undergrads who want to be bankers vs. the amount of spots available.
Lmao there is $1 trillion in dry powder. Valuations are becoming more “reasonable”. This downtrend won’t be a 2008 lol
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