Has anyone heard back from Eastdil regarding the analyst position they posted at the beginning of the month? Any insight into super days between offices, do all offices have them around the same time or do they vary by office?
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The fact that Eastdil is interviewing kids and not taking the few interns from last summer who have not accepted offers elsewhere is despicable. What is the point in them even having a junior year internship program then? Those kids all got screwed over last summer... didn't get paid and had to recruit full-time during a global pandemic
The world was a very different place at the end of last summer, and not extending offers when you were not sure of what the future held was probably the prudent thing to do. My guess is that after the vaccine rollout in Q1 they realized they needed to beef up their hiring needs. I am sure that those that interned last summer would be likely favorable candidates if they applied to the recent full time postings.
That's not the point. They shouldn't need to apply or interview. If what they're claiming is that they didn't get to evaluate said interns last summer, that's they're own fault. They were more concerned with cost saving initiatives from not paying said interns, than providing an actual WFH intern experience. It wasn't just banks that extended FT offers, other RE firms that are supposed to be less prestigious like JLL extended FT offers to their interns. This wouldn't have happened under the old WF ownership. Not that WF is the perfect company (they are from that), but there was at least some level of accountability back then.
what do you mean that Eastdil didn't pay their interns? What were the interns promised and what did they end up receiving?
From reliable source: "interns were supposed to be paid for normal 10 week internship (only 6 weeks for LA office due to analyst training). Eastdil cut the internship down from 10 weeks (or 6 for LA office) to 2 weeks so that they could rationalize paying interns as little as possible (2 weeks). During the 2 weeks, Eastdil only paid interns for 4 hours a day (so 40 hours total for internship per intern). Most days were only 8-10 hours, but they still wouldn't pay the full amount. Most of the sessions on the schedule were labeled as "optional", which essentially meant that they were mandatory (implied for return offers, which of course never happened) but interns would be working for free. There was also weekend work with case studies and a projects— which they made a big point about not putting those hours in the system." If this doesn't speak to the culture of the firm, than i'm not sure what does then.
Had a video interview similar to a hirevue and short apt test about 3 weeks ago but have not heard anything else. Interested to hear if anyone has had anything different like phone or in person interviews
Good luck with them. Horrible culture
Anybody looking for a job at Eastdil should already know that
bump
Don’t know where you are getting your information and not disputing it, but providing another viewpoint. Everyone’s pay at the firm was cut in the immediate aftermath of Covid - MDs down to analysts (w MDs taking biggest hits). The company was trying to preserve the team as much as possible without knowing how long the markets would be dried up. By the time Q4 rolled around and activity was picking up, they retroactively made everyone whole for the prior pay cuts that were instituted. Hear where you are coming from but seems like Eastdil did a pretty good job of navigating the storm with an emphasis on taking care of the people already in the door. Yeah, awful situation for kids coming out of college but Covid threw a wrench in a lot of things last year. Just sounds like you couldn’t cut it brah.
They did not do a good job of "navigating the storm" at all lol. Senior people are the ones who are expected to take haircuts during down periods (especially at a sell side firm), not analysts or interns. Notice that they were the only ones who did something like this. Not extending any FT offers to a class of 40 interns is just poor planning. Did they really think that they wouldn't need to hire anyone a year out when it's already basically a 2/out shop to begin with? Has nothing to do with the interns themselves if you're trying to imply that. Many of them left for better opportunities. Do you really think that it's normal that they're re-interviewing these kids (among non-interns) after leaving them in the dark for the whole year.
This is probably a very stupid question but I could only find career openings on their LinkedIn and not on their website. If I'm interested in applying do I just reach out?
Generally the only way to get a job at Eastdil is through a referral/contact. Many offices don't even have applications they just have a stack of resumes for recruiting season. Could be different this time around, but that's normally how it works.
Okay that makes sense, thank you
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