Hi all,
I recently accepted a 2022/23 summer analyst position in Sales and Trading at a BB. During the recruitment process it was stressed that there would be a graduate position available for every intern in the program (contingent on their performance over the summer) starting 2024.
The economic landscape has deteriorated a bit since the interviews and I am now wondering if this will reduce the chance of summer analysts receiving return offers? How do you think the economic landscape will impact grad recruitment in S&T?
If any of you are familiar with how things panned out for grads around the GFC (or even around 2020), can you tell us anything about this?
Would really appreciate hearing your thoughts.
Thanks in advance everyone
Volatility is good for markets divisions if you manage risk appropriately. These are the times banks love to have robust S&T divisions. I’d say it’s safer to be in S&T (product dependent) right now than it is IB (generally; Rx will thrive in this environment) given deal flow is going to grind to a halt as deal economics will cease to make sense given increasing cost of capital.