The past few months have been absolute recruiting hell as I have been trying to find a job. I graduated with an econ grad degree from an Ivy in May 2023, but have been effectively job hunting since September 2022 with no luck (FO/MO ..even BO!).
Through my hundreds of applications, I have come to the grim realization that a lot of the listings are essentially "dummy" listings and are not even hiring. Many interviews of mine had the position "frozen" between rounds and at this point applying to jobs seems like a useless endeavor. Motivation is very tough to maintain anymore.
As an international student, I have the added pressure of finding an employer who sponsors, so I have to stick to bigger firms.
I'm in NY and wanted to ask the community -
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Are firmwide hiring freezes still a thing?
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Which banks are currently hiring / no longer have freezes
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When is this environment expected to change and regular hiring to resume?
It seems like even the most basic jobs have hundreds of applicants. I thought the problem may be with me, but most of my peers with various backgrounds are facing the same issues.
Please drop in your 2 cents!
Exact same situation - happy to talk through it via private message.
Same situation as well minus the international part - PM?
Also not international and feel free
In the same situation as a May 2023 grad. Feel free to pm.
Same situation, also international, considering doing a masters, not a lot of options left. Seems like there is a hiring freeze among many industries and countries.
I know for a fact that a couple of Big 4 firms have hiring freezes in the US until January of 2024. However, for the banks, I have not heard of a hiring freeze explicitly. Nevertheless, an MD (also global head of an industry group) at a BB said they were not hiring at the moment and told me to wait 6 months to a year for things to clear up (like 2-3 months ago).
Especially right now a lot of IB divisions are leaner because of decline in deal-making activity. So there are a lot of people with experience competing in the job market.
You can conserve the OPT in the meantime through working for a smaller firm (or even volunteering/working at your university) while networking at BBs and Big 4 consulting/advisory. I do see and hear some hiring possibilities including IB for next summer. That way you can lateral to a bigger firm in 2024 once the market finds the new normal.
Let's approach this from a different angle: Are you focusing on what's within your control? Obviously I don't know OP in person and can only assess based on information you revealed (Ivy League economics graduate of 2023 and an international student seeking H1B sponsorship).
I'm well aware of the intense effort and time that go into recruiting; I've been through it myself. However, sometimes people overlook the fact that they might be investing a lot of time and energy into approaches that yield minimal results. Remember, it's about quality over quantity.
Understand the current market is outside our control. Don't waste your time on the uncontrollables. The key is to always be prepared, so you don't have to scramble when opportunities arise.
BGL is hiring. Got a new NYC office. Too lean rn we need bodies
Can I PM you? In a similar situation as OP but not an international student
theyre looking for exp hires with at least a year, are you in that boat
No offense but you're an international student. There's a recession and deep hiring cuts in this country right now. Why do you think you should jump the line for citizens who are also having a tough time.
How is the job market where you don't need sponsorship? Can you apply there. It sounds harsh but working in the US is a privilege. And companies here in this environment don't want to deal with sponsorship.
No offense but maybe learn to read? Nowhere have I said I should "jump the line" or am owed employment. I'm simply asking which companies are hiring so I can send effective applications. If you had half a brain, you would realize that info would be useful to internationals & citizens alike. Embarrassed for you.
OP I'm genuinely curious because there seems to be a disconnect or you're not providing key info that may be the cause. How do you have an econ grad degree from an Ivy League and can't even get any jobs (including MO / BO)??? I've skimmed through your old posts too. how is your networking skill? how are you leveraging the Ivy League job portals / community? Have you spoken to alums or people from your home country in the same industry? I am pretty familiar with what it means to be an international student and the approach it requires given the visa sponsorship requirement.
Where’s this recession you speak of prospect?
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