Comments (45)

Mar 16, 2020

What major and what career goals?

Mar 16, 2020

Finance, will take literally anything at this point.

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Mar 16, 2020

Why?

Apr 7, 2020

If you're a finance major does that mean you go to Wharton? I don't think any of the other Ivies have finance for UG, right?

  • Intern in IB - Gen
Mar 16, 2020

Not necessarily, this isnt like the end of times, this will go away in a couple of weeks (the insanity at least) and people will return to work and will need people as well

Mar 19, 2020

I pray your right. I could see this stretch into April though. it's just starting in USA.

  • Associate 3 in PE - LBOs
Mar 16, 2020

Dude relax. This is a tough time but as someone mentioned I'm sure things will be to normal in a month or so. Hopefully I'm not proven wrong

  • Analyst 2 in Risk Mnmgt
Mar 17, 2020

Hope it will be true that things will normalize in about a month.

Mar 22, 2020

Lmao, sorry to say but you're out for lunch big time of you think we will be back to normal within 1 month. Probably more like 6 months. North America is in the 2 or 3rd inning of this shit, it's about to get ALOT worse.

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Mar 16, 2020

Sick people will have to be backfilled. Stay healthy and stay calm. Apply in 2-3wks when sanity (or something like it) returns.

  • Analyst 1 in IB-M&A
Mar 16, 2020

Do you think it's a good time for networking? Or its better to brush up on my technicals

Most Helpful
Mar 16, 2020

I think the posters above are underestimating how much this is going to affect the US. I believe your graduation in May will be a significant challenge and you should postpone it if that is possible. Nobody wants to interview you now when half the office is in self-quarantine.

I wouldn't be surprised if things are worse in a month from now, because that's when the hospitals surpass their critical mass. Wuhan has been quarantined for more 50 days and they only managed to isolate the virus because they had soldiers pulling people out of their homes if they had a fever. How do you think that would go down in the land of the free?

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  • Analyst 1 in IB-M&A
Mar 16, 2020

Ok boomer

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  • Intern in IB - Gen
Mar 17, 2020

cringe

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Mar 17, 2020

I do think we will be worse in a month but financially not the way you are talking. We have just started the financial hit. We are arguably going 2 months with little consumer spending which will lead to significant job losses. We will see consolidation in major industries (airlines, small banks) due to problems and lastly depending on the impact of an upcoming corporate credit crisis could be amplified.

Mar 19, 2020

the land of the free..... restaurants are closed, borders closed, bars, casinos, beaches, gyms, sporting events. what else I miss. I hope people see how much the government controls us. it's sickening.

Mar 17, 2020

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p>Two ways to look at it in my opinion. 1) Investors are scared, the market is bad, businesses are closed or losing sales. 2) Contraction is occurring. Businesses are being shown in real-time what positions are necessary & not, as well as making tough decisions to shrink their overhead. Now is a great time to fill those operational voids with technologically savvy employees that are prepped for the coming business environment.

Mar 17, 2020

I work for a large asset manager in Europe and we are recruiting for a credit analyst.

1) We have cancelled all final round interviews as all of us are working from home and each candidate needed to present a case study to the team which is not possible right now.

2) PM's and analysts are busy trying to put out fires and make sense of these markets. We simply don't have time to meet a junior analyst.

3) Almost all funds expect to face redemptions which may change budgets and head count assumptions/needs.

I hope things return to normal by summer and we can restart the process in Q3/Q4.

Mar 17, 2020

Unfortunate timing - go to grad school or something

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Mar 17, 2020

For the next few weeks, perhaps, as people are isolating. But when the dust settles, there will be winners and there will be losers. The winners will hire to expand their teams, the losers will chop ppl and then realise they still need a plan to grow so they will rehire new ones. Musical chairs. Just be prepped and stay up to date on all developments. Interviews will resume in a month time if I would guess on the timing.

Mar 17, 2020

I didn't know the Ivy interviewed. I thought you all worked for your friend's rich dad?

Kidding... slightly.

Unfortunately, I don't believe we are close to weathering this, it will likely be some time before returning to normal (months maybe). I work on the IB side, and all external meetings for us have halted. No business development efforts are taking place in person do to social distancing.

They are even thinking of canceling my GF's graduation ceremony from professional school, very crazy times. However, things will get better when public fear has dissipated.

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Mar 17, 2020

Lutheranism

Mar 17, 2020

Interested as well. I graduated 2 months ago and haven't landed a job yet. Thing were alright until 2 weeks ago. I have one FP&A role that I am waiting to hear back and one IB role that got postponed before superday.

How do people in wall street and F500 think will impact their hiring? I mean at a corporate level the level of contact is minimal vs someone serving food at a restaurant. Interested to hear from people working/hiring right now.

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Mar 18, 2020

For all those struggling with rent/coke money try delivering food with doordash/grubhub. There is high demand right now. Plus I hear they offer some decent exit opps for IB.

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Mar 18, 2020

Is it a bad time to switch jobs right now? I recently received an offer for an internal move as a credit analyst at a BB. I am currently in a safe job, but the job is in bus dev/data analysis. I am afraid I'll get redundant righter after starting.

Mar 18, 2020

The worst time to search for a job

Mar 18, 2020

It's probably worse for lower income people working at restaurants/entertainment/etc, but how does it affect banks and stuff. I know there is some indirect effect but would it be that bad?

Mar 18, 2020

I am afraid when a lot of businesses halt, banks are just as close to the impacts. Banks rely on business activities for revenues.

Quant is life.

Mar 18, 2020

My advice is apply to jobs as normal, and proceed as the company requires as you progress. It may be that assessment days/interviews are delayed or replaced with video interviews perhaps, I'd say ride the wave, role with the added punches that you may face in this climate (job hunting is notoriously hard anyway), and stay positive and safe.

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Mar 19, 2020

Figured I'd ask for some advice here instead of opening a new thread. I'd be grateful if some of the more senior professionals could advise on what my next steps should be. Please find details below.

Current situation: I'm London based atm, finished with my last internship (unfortunately didn't get FT) end of December and started interviewing/ cold emailing etc. after the holidays. Lucky me, eh?

Background: I have a 6 months M&A internship in a European commercially focused (read not an IB powerhouse) bank, followed by an ~8 months internship at a TMT M&A boutique. I've obtained an MSc Corporate Finance from (according to the rankings) a top 5-10 UK uni i.e. second tier behind LSE, Imperial, Warwick. Eastern European national, so thats a sliiiight disadvantage. I do speak a sought after European language at a non-native level though, again at a disadvantage to the native speakers but it's still something.

I've had my mind set on M&A for some time and I still want to do it. Loved TMT, so I'd like to continue in that sector in the future. However, after already having a couple of interviews cancelled and being told by banks thats they're putting hiring on hold I'm starting to get even more pesimistic. I do have some savings/ support from parents but that can't go on forever, London is expensive af!

Question: I guess the best option to keep my head above water would be to start exploring roles that are outisde of M&A/ IB. Good thing is my degree had some market related modules (though probably not very useful in this climate) so could still BS my way through why I want to pivot to a markets role, if any are available at all.

What would be the best jobs to apply for and not go massively off track? If any banking jobs are still on the table, would PWM, ECM, LevFin etc help? Or maybe it would be better to look at some start ups/ corporate finance/ FP&A analyst/ other roles? Most of them do only lateral hires though :( Sorry if I sound a bit silly or unrealistic. I've been looking at M&A exclusively for some time so no clue what else I could get with the "abundance of amaaazing experience" on my CV. Any insight and honesty would be greatly appreciated!

Funniest
Mar 19, 2020

More importantly how do you feel about EPL being postponed? Not being able to find a job was already draining now there are no sports either.

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Mar 20, 2020

Haha the guys at my last gig were all over this. I don't really follow sports events so at least in this aspect I don't feel screwed.

Mar 19, 2020

it's been beaten dead. But no one will be hiring till Q3 2020.... maybe

Mar 20, 2020

Someone would be hiring for something until Q3/ markets pick up again so why not explore your options. Have to have some kind of direction though imo.

Mar 20, 2020

Not necessarily. I'm a tech recruiter for IB's and HF's in the tri-state. Yes, "things" are slow and some firms are halting hiring operations. While other firms are sending new interview requests daily. Never too late or early to start applying. Just need the stars to align for one application - work your network/alumni association if you haven't yet.

Mar 23, 2020
Comment

Quant is life.

Apr 3, 2020