What does auto FT offer mean to off-cycle hiring?

Banks that don’t give 100% return offer might hire off-cycle IB analysts on a need basis. Given the looming recession and everyone wants to return can return situation, what happen to off-cycle hirings? Also curious about do people still want a fifth-year or one year masters.

8 Comments
 

Come on, I cannot be the only one worried about this as rising senior who are networking hard for a FT position in summer/fall.

 

If you feel the need to go on this forum and keep bumping a very simple question that can be answered with basic common sense, then chances are you won't be getting an offer. There's not going to be some massive hiring boom at the end of the summer - use your brain. There'll be a tiny sliver of the usual FT spots and you likely won't be getting one bc the kids who are are the ones who've been grinding day and night and networking every second they can in addition to already have a SA job at a reputable firm, instead of bumping dumb questions on WSO. Feel free to MS this if I hurt your feelings

 

What do you mean by off-cycle, are you FT or lateral?

Off cycle laterals fill attrition from the first-year ranks, which may be higher with interns not truly knowing what the job is. If you're looking to lateral from a regional boutique there will be demand by the end of your first year.

FT in August is going to be diminished, even banks without auto offers are prioritizing interns.

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