should we be looking around?

With things looking so uncertain, anything could happen to our FT offers (revoked, delay start date, whatever). They have already laid off first year analysts. the next layer of prey would be us, the incoming class....

Is it worth doing some interviews on the side (other industries) even though I already have a FT offer at a BB? I am not being paranoid, but look at what happened to Bear in the course of one week. Wall Street seems to be lurching from one crisis to another..

 

I don't cry... i feel like breaking something or hitting someone. ha ha.

Anyway, I am going to send out my resume on the side. it's every man for himself now.

 

The answer to the original post really depends on what bank and group your FT offer was at. I wouldn't be worried if I was in tech, or if I was going to Lazard or Goldman. I also doubt boutique analyst/associates hires are affected much. If I was going to Citi, UBS, Lehman and obviously Bear Stearns I would watch things really closely.

 

It seems like the only banks out of the woods nowadays are GS/MS and the boutiques. I hope to high heavens, the situation is less foggy a year from now.

 
grandpabuzz:
It seems like the only banks out of the woods nowadays are GS/MS and the boutiques. I hope to high heavens, the situation is less foggy a year from now.

Replace MS with JPM... anyway point is that everyone is at risk here

 

Dolor maxime quibusdam non maxime. Necessitatibus cupiditate facilis occaecati. Est aut ratione ex harum explicabo similique.

Veniam totam qui placeat est est. Quo quia accusantium ea assumenda quia consectetur. Eos cum et labore magni quod.

Cupiditate ducimus quia architecto laudantium. Ut et similique quos rerum. Ut maiores totam quia quaerat. Sed eum magnam fugit repellendus aut est. Iusto aut accusantium velit quas magni.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.9%
  • Harris Williams & Co. 25 98.3%
  • Goldman Sachs 17 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 04 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”