Do I need to be worried?

Based on the most helpful WSO content, here are some insights and advice for your situation:

1. Networking Early:

   • It's never too early to start networking, especially if you have a compelling reason for wanting to switch banks. Building connections early can give you a leg up when FT recruiting starts.
   • You don't have to officially network "for" full-time. Just network to learn about the industry and build relationships. This groundwork can be beneficial when FT recruiting begins.

2. Timing for Networking:

   • Most people suggest reaching out later in the summer when you have more to discuss about your internship experience and when banks have a clearer understanding of their hiring needs.
   • However, starting to network a week or two into your internship, after you've settled in and started working on real projects, can be effective. Use this time to grab coffee or have phone conversations with your contacts.

3. Approach During Conversations:

   • When networking, focus on discussing the projects and deals you're working on and your chances of getting an offer. This shows your engagement and interest in the work.
   • Be proactive and persistent in your networking efforts. Regularly catch up with your contacts to discuss their FT hiring needs.

4. Impact of Layoffs:

   • While layoffs can be concerning, it's important to focus on what you can control. Perform well during your internship to increase your chances of getting a return offer.
   • Having a strong network can keep you informed about available FT spots and help you navigate the recruiting process more effectively.

5. Backup Plan:

   • Given the uncertainty, it's wise to start networking for FT recruiting as a backup. This ensures you have options if the situation at Barclays doesn't improve by the time you need a FT offer.

6. General Advice:

   • Stay focused on doing well in your current role. Self-awareness and improvement can save your return offer if you face any challenges during your internship.
   • Use your time wisely to prepare for technicals and get involved in complex projects to stand out among other candidates.

By following these steps, you can better position yourself for FT recruiting and mitigate the impact of any potential layoffs at Barclays. Good luck!

Sources: How to Navigate FT Recruiting: Learn from My Successes/Failures, My FT Recruiting Process, What will FT Recruiting look like this year?, My FT Recruiting Process, Is it naughty to begin networking for FT before you even start your SA stint???