Going to piggy back off of the "Bad time to search for a job?" post. It's that time of year where bonuses are getting paid. A lot of us who went through buyside recruiting have new roles lined up and are ready to give notice when the market started to turn last month. Everyone has their own view on how temporary or long-term Covid-19 and its impact to the markets/economy will last but regardless, business on the buyside will see contraction with some already feeling the near-term impact more than others.
This gets exacerbated because firms where these exit opps are located appear to be WFH indefinitely. I've anecdotally heard some firms offering to be flexible with start dates (i.e. doesn't make sense to onboard someone for a new job if nobody is back in the office yet). Some juniors are also teetering with the idea of forgoing their exit opps completely and sticking it out for a 3rd year in IB, but this is the exception rather than the norm (first time funds, lower MM shops with <$1bn aum, etc.). The old "Last One Hired is the First One Fired" saying seems applicable.
Anyone else weighing their options or hearing anything from the respective new firms? Obviously, recruiting is on hold for the foreseeable future but curious to hear what analysts with jobs already lined up are hearing or how they're navigating this environment.