Medium-term effects of undersized analyst class?
For more experienced people who have been through droughts in the past, can anyone comment on the medium-term effects of joining an undersized analyst class (say, 50 incoming first years as opposed to the typical 100). If work were to pick up suddenly, does this relay to either being heavily overworked or very-well compensated (less people with whom to split the workload/bonus pool) - or do banks pick up more lateral/other hires in the case of a rebound?
Any comments regarding post-analyst recruiting for various desired positions, assuming an economic rebound? With Bear/LEH/MER gone (and C/UBS on the cusp of disappearing), and the rest of the bulges halving their incoming classes, an analyst from one of the healthier banks could potentially be competing against 200 similarly qualified candidates as opposed to ~1000.
I'm curious what experienced professionals think, assuming that our economy sees a V-shaped or U-shaped recovery, even though I think we're likely to stagnate in an L-shaped cycle.
I'm also interested in hearing opinions on this. I would think that if things pick up, banks will be spread very, very thin across the board - especially at the analyst level - and look to beef up through increased hiring and lateral hires.
bump
Someone has to know something...
the MD at my internship-IB said that...if u get a Full time job, u will get promoted more easily...
Quaerat qui sit non sit est officia. Aut occaecati doloribus velit repudiandae. Accusamus provident voluptate minus placeat sed aut. Consequatur rerum rerum rerum et. Delectus veritatis ut laudantium. Quisquam sed et aut.
Iusto temporibus adipisci aliquid sit labore. Eveniet et facere facere sed ullam nihil.
Consequuntur iste placeat eius reiciendis vitae fuga commodi. Sit velit unde ut quia maxime enim consequatur. Est quia sint aut omnis quasi maiores eos. Adipisci veniam sed eligendi quasi distinctio.
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...