Should SA2025 Be Worried?
Hey folks,
Not trying to be the main character here (cue “you’re not the center of the world, buddy”), but figured I’d preemptively field all the classic WSO one-liners that I am going to get in the comments:
- “Bro thinks the MD is waking up thinking about his intern offer.”
- “You’re an Excel cell away from unemployment.”
- “Interns are the first to go and last to be remembered.”
- “Your $27/hour fate is not shaking the markets.”
- “Go touch grass and enjoy the six months you have before capitalism chews you up.”
- ”Congrats on UBS”
Anyway, back to business.
With the recent market pullback and all the doom-posting about hiring freezes, M&A slowdowns- what’s the actual risk of SA2025 intern offers being pulled or delayed before even starting?
Your SA offer will be fine.
Internship conversion rates for your class may be hit, but that remains to be seen as the situation is dynamic
Bro thinks the MD is waking up thinking about his intern offer
Congrats on UBS
Congrats on RBC
Congrats on UBS
Apart from the jokes on this thread, I think it would be interesting to actually hear from someone on if there have been discussions about pulling some offers for summer or how seniors are planning for conversion.
Evidently most banks take as many interns as they plan to take back and most banks were planning on a rebound which may or may not still materialize towards the end of the year…
I think first year analysts should be more concerned than interns. Interns are kind of a ‘recruiting cost’ while starting analyst classes are potentially a long term cost sink. Yes there is natural attrition in every class, but as we saw in 2022-23 they may want to accelerate that dispersion and it’s last in first out. Easy to just backfill from the next summer if you ended up needing them after all. Banks seem to be getting leaner and proactively trimming headcount.
I mean first years have probationary period no?
Only if it’s in your contract. But typically investment banking analysts are considered at-will from day one.
literally zero chance you pull an offer less than 2 months before it starts after sitting on it for over a yr
Bump
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