https://www.wsj.com/articles/goldman-jpmorgan-hit…
"Goldman Sachs and JP Morgan won't interview or extend summer internship offers to college sophomores this year and will go back to recruiting students in the fall of their junior year"
WSJ article this morning on this absurdly early recruiting process. Finally some recognition. Are the banks finally starting to see some of the negative effects of recruiting way too early? Going to be interesting to see how things play out and how they adjust over the next few recruiting cycles. Would be great to see if GS and JP actually decide to go back to Junior yr recruiting. Maybe the other banks will follow suit?
I think this is a good move, and hope other banks follow suit. Recruiting with 2-2.5 years of college performance gives you a lot more data points than 1-1.5 years. One more year of grades (which don't just include the blowoff intro level classes everyone has to take), at least one year of an internship that the student can actually speak to, more time spent in student organizations, etc. I think recognizing talent in junior year is easier than sophomore year, and with more relevant experience in internships and classes, I think interviewers can dig further on actual understanding of financial concepts. Also helps top kids from non-targets.