How will the current market crisis affect FT recruiting?

Expect layoffs

actually, while not in banking or trading, there were layoffs today in BSC's subprime group, Encore

from what I'm hearing/have read, banks likely won't shutdown because as an analyst you're cheap and they need to have SOME number of incoming analysts since an analyst's lifespan is only 2-3 years, otherwise they'll have an empty class which throws things off. unfortunately that number will likely get smaller...

Firm will take less percentange of summers than previous years,associates hit hardest. S&T hit harder than IBD.

FT recruiting will be scaled back quite a bit. Summer 2008 intern numbers-who knows yet. Target is possible same number as this year.

UBS announced a slowing down in their hiring. Its going to be a tough FT recruiting session. Overall I would guess associates will be hit harder than analysts because analysts are cheap.

Great. As a 09 SA intern, I hope much of this distress and risk evaluation is resolved by that time.

hiring freezes at some places as well