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No, look at what happened in 2021 when banks were clearly under staffed and spent the entire summer scrambling to hire people / keep existing staff around. And that was post-2020, where many banks just straight up guaranteed return offers to SAs (in a much worse situation than we're in now).

SA22s will work from 2023-2025 so there is a lot more consideration than just a bit of macro slowdown. Some weaker MMs/boutiques may cut hiring a bit, but your typical BB/EB is not drastically cutting offers unless the economy gets MUCH worse

 

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