Given current market conditions and the likely scenario of low return offers for SAs this year, is it safe to assume that FT recruiting will basically be non-existent this year? If so, what should SAs who don't receive a return offer do?
BTW, by FT recruiting, I'm specifically referring to entry level analyst programs for graduating college seniors (not experienced hires).
Thanks!
| +144 | How to stop feeling like shit for not making it in IB? | 55 | 2h | |
| +106 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 52 | 10m | |
| +67 | Updated LA Banking Scene (2024) | 49 | 12h | |
| +57 | Why Is It Called Investment Banking? | 20 | 1h | |
| +38 | Ranking banks that went under | 20 | 2s | |
| +32 | A strategy for SA applicants late to the game like myself | 15 | 4h | |
| +32 | Burnt Out M&A ASO | 17 | 1h | |
| +31 | UBS Actual Buyside Exits 2024 Post-Integration | 9 | 3d | |
| +29 | Relevance of A-Levels for U.K. London recruiting | 21 | 11h | |
| +26 | Series 79 Help / Tips to Pass The First Attempt | 11 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
This has been getting asked a lot and it’s in many of our heads I’m sure including the question of return offer rates this year…
Wouldn't call low return rates a "likely scenario" first of all... a lot of the talk about that on here is just nervous interns who are getting scared by Bloomberg headlines, not from people on recruiting teams. The market has little impact on cheap analysts/interns, especially given the last 2 years when banks were incredibly understaffed and couldn't do anything about it, they're not trying to shoot themselves in the foot by having a tiny class next year. I'd be far more nervous interning at a tech firm or startup right now, IB is not that sensitive to recessions. Bonuses will be down (from a legit all-time record...) but this is simply not the first market downturn.
Second of all, there will always be FT spots. People will change banks, groups, decide they hate IB and consulting is the greatest thing ever... the acceptance rate is simply not 100%. This is where you need a strong network to keep you in the loop of where these spots are.
Finally, it's like week 3 of the internships. If you haven't performed up to par, admit you were off to a slow start in your midsummer review and commit to work 10x harder - self-awareness and improvement are both good things and can save your return offer. If you messed up somehow, you have time to make up for it. If you are just anxious, focus on doing well and the things you can control, not by spending your weekend worrying about FT recruiting.
We as interns also don’t receive our first full time paycheck for pretty much over a year and wont receive a bonus for nearly 2 years. That makes me feel like we’re just a thorn in the side of banks’ current financial planning rather than any substantial concern right? Market could be completely different then.
I don’t know. Analysts got crushed in the 01/02 tech bubble bursting. My cousin was the only analyst in his M&A group at a top NY BB who didn’t get laid off. I visited his office when I went out for a super day, and his whole floor was empty at 5pm. It was so strange.
Wait, you're saying the entire M&A analyst class at MS or JPM got laid off in 2001 other than 1 person?
Once you have the network how do you have them remember you in case a spot opens
follow
Beatae cum est ipsa magni consequuntur animi perferendis porro. Omnis voluptatum rerum hic ullam repudiandae. Eveniet praesentium omnis blanditiis ut. Aliquid quos debitis sapiente eum et aspernatur nihil. Harum cupiditate voluptas rem dolores voluptatibus. Iste accusantium quibusdam magni quisquam repellendus et voluptatum.
Quisquam dolor nulla accusantium consectetur fugiat est enim facere. Cupiditate architecto qui placeat illo. Ullam numquam magnam voluptates blanditiis ut laboriosam vitae minima. Eligendi minus reiciendis odit sed aut accusantium neque. Numquam non sed nisi excepturi id quidem. Fugiat voluptatum minima accusantium nulla velit quasi vitae autem.
Dolorum voluptatibus et ducimus fuga tempora officia. Accusantium sit quia laborum deleniti et. Soluta blanditiis ex debitis nostrum quam saepe. Quasi aut id aut fugit aliquid ut.
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...