How shitty is it to recruit in London at the moment? - Vent
I posted this earlier and got nothing—no responses, not even from the bot. Figured I’d rephrase it to get some of you to chime in. Anyway, recruiting is absolute shit right now. There was some hope with rates on a downward trend, but are there any firms actually hiring out there?
Based on the most helpful WSO content, here's what you need to know about the current recruitment situation in London:
Hiring Freezes: There have been reports of hiring freezes in London, particularly in the banking sector. For instance, Goldman Sachs has a hiring freeze in IBD for full-time positions.
Recruitment Status: Many firms have already finished their recruitment for Summer Analyst (SA) and Full-Time (FT) positions. For example:
Impact of Brexit: The uncertainty surrounding Brexit has also impacted recruitment. There are concerns about banks potentially moving operations to Frankfurt or Paris to avoid new immigration laws, which could affect hiring in London.
Consulting Recruitment: In consulting, the process is different from banking. Networking is less emphasized, and academic performance (A-levels or college entrance tests) is more important.
General Sentiment: The overall sentiment is that recruitment in London is challenging at the moment, with many firms having limited spots or completed their hiring processes.
For more detailed discussions and updates, you might want to check out the London 2023 Progress Megathread on WSO.
Sources: London 2023 Progress Megathread, London recruitment-can't understand how it works., Impact of Brexit in London recruitment, 20 Most Frequently Asked Questions - London Edition, London FT 2023: Any success stories?
Starwood is hiring for an Asset Management Analyst and an Off-Cycle Acquisitions Intern.
If you think London recruiting is shitty, visit Canada.
What's your background/level? Plenty of good opportunities around for the right people
It's not good everywhere man...I see the most postings for senior analyst/associate roles (the doers ofc), particularly in AM vs. Acquisitions. Anything above probably low to no supply as everyone is locked in for the recovery ride, for the post-grads, seems tough to differentiate yourself since you're competing with several class years, pent up demand and little supply, unless you have a connection.
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