S&T Hiring outlook under tariffs?

Wondering if anyone has some impressions of how the hiring outlook for S&T might be affected by the current economy and tariffs?

Know myself and some other incoming analysts who are getting a bit worried about the potential for offers getting pulled (regardless of the likelihood of that outcome). Obviously a bit different than IB since volatility drives returns in most of S&T, but looking for some perspectives.

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nothing to add but also very concerned about return offers following summer 2025 internship, guess we will just have to hope for the best...

 
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Very much depends on that bank, there are always winners and losers in this type of environment.  I actually think the banks that made cuts before all this went through will be better options as they have more room to hire even if they are not positioned correctly.  The banks that did not make cuts who are positioned poorly for this will have to have layoffs/less hiring to cover the poor P&L.  The longer I have been doing this the more you realize that vol is actually bad, b/c headcount gets cut somewhere and the firms not cutting will use that as an excuse not to pay you b/c you can't go anywhere else.     

 

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