How shitty is it to recruit in London at the moment? - Vent

Based on the most helpful WSO content, here's what you need to know about the current recruitment situation in London:

1. 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.

2. Recruitment Status: Many firms have already finished their recruitment for Summer Analyst (SA) and Full-Time (FT) positions. For example:

   • Bain Capital, Baird, Barclays, Blackstone, BofA, BNP, Centerview, Citi, Credit Suisse, Deutsche Bank, DC Advisory, Evercore, FT Partners, Gleacher, Greenhill, Harris Williams, and Goldman Sachs have all completed their recruitment for SA positions.
   • Some firms like Campbell Lutyens are still in the second round of interviews for SA positions.

3. 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.

4. 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.

5. 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?