Don't call it 2008, but Effect on Graduate Jobs this Year?

wolfy's picture
Rank: Gorilla | 639

What's the real outlook for 2011 recruiting for graduates? If the US/UK/Europe is not the place to be -- for any job--then where?

I had a very depressing time with an offer pulled from a top 3 asset manager. This was 2008. Fast-forward 3 years--I off-cycled until I earned some lucky breaks (I've never earned a bonus in my life).

For my students and mentees who may be in a tough spot again: Where do you guys recommend shooting those apps? Asia? Consulting? Anything but finance?

If you have specific firm yields or can guess what September would be like, that would help too.

Actually, instead guessing around and waiting for recommendations like an Obozo, let's formulate an actionable strategy

-wolfy

Comments (10)

Aug 8, 2011

My belief: If you're good and persistant you'll get a job in IB.

Always be improving

Aug 8, 2011

I believe that as well. But in terms of the best direction to hedge risk, not be underemployed, and to get a decent job -- advice for the new graduates?

Aug 8, 2011

I won't be graduating soon, but my backup is to work in a private PE firm in China (Ideally I want to stay in N.America). If I can't get into a finance position, I hope I can find my niche in business development...

Aug 8, 2011

Non-BB banks that specialize in restrux, tech and/or energy.

Aug 8, 2011

If you're an intern, you're probably safe.

If you're a senior without an SA or other offer, time to think about taking the GRE and lining up references.

Aug 8, 2011

what about seniors who with an offer to return FT from where they were SAs...any chance of these being rescinded if you don't accept right away?

Aug 8, 2011

I graduated in 2008...word of advice go to GRAD school. Hideout and wait things out. Until graduation split time searching for jobs and getting into grad school.

Aug 8, 2011

Please see me for all Master in Finance information hahah.

In all seriousness, you are going to have to be flexible. I would expand your career options into almost banking stuff. Duff and Phelps, Transaction services, F500, Credit Analyst at a CB, etc.

Look outside NYC, look at smaller bankers, MM firms, etc.

Aug 9, 2011

Hiding out by going to graduate school is absoutely retarded. Find something or make do. IB is not end all be all. And yes I graduated 2009 which was probably the worst recruiting year (recruiting 2008 for 2009 start)

Jun 29, 2013
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