COVID-19 Impact on SA 2022?

Yes, it's two years away, but I am worried about the impact this Recession will have on 2022 recruiting.

Think about it. There will likely not be a vaccine until mid 2021, meaning the economic downturn will only worsen in the coming months. No V-shaped Recovery is imminent, this will likely be a U-curve. While the virus won't exist come SA 2022, the economic damage will have already been done and the Recovery period will be likely longer than 4 years (Great Recession was 4 and only a portion of COVID-19 economic damage).

Will firms likely decrease SA 2022 hiring because of COVID-19's long-term damage ?

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Comments (11)

  • Intern in IB-M&A
Apr 25, 2020 - 7:58pm

No one here knows, and maybe you should think a little bit more about other people (like the class of '20, '21, and '22, all of who will be affected worse than you) rather than your SA chances two years from now.

  • Prospect in IB-M&A
Apr 25, 2020 - 8:06pm

Thanks for the reply and valid points.

I thought about the class of 20,21,22.

I think 20 will be fine because they won't be impacted by hiring freezes (assuming they've already secured their job and start this summer).

I also think 21 will be fine because most of their internships have not been cancelled, and only made virtual. Yes, return offers may decline, but I don't think the blunt of the impact will be placed on them (if there is one) because we're at the beginning of this recession and it will likely worsen, causing later classes like 22/23 to suffer from hiring freezes, etc.

  • Prospect in IB-M&A
Apr 26, 2020 - 3:24am

Times are tough, don't take it out on others. Redirect that toxicity to thinking ahead. Or else remain salty.

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Apr 26, 2020 - 3:27am

If you get an offer for sa 2022 you'll be working full time from 2023-2025. Give me a few minutes to look at my magic 8-ball and I'll get back to you.

Array
  • Prospect in IB-M&A
Apr 26, 2020 - 4:00am

Or just learn some basic economic outlook and market knowledge before commenting.

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