Hoping someone in the industry can weigh in. Obviously the situation is fluid and nobody knows forsure.
If other banks follow HSBC by pushing back FT start dates, do you think the banks will pay us from our original start dates? My roommates and I have already solidified a lease and couldn’t imagine floating 4 months of New York rent without our previously expected income.
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I wouldn't think so but maybe if you all hound them about it they will make it happen for you.
Now that BAML has already confirmed they're paying FT salaries starting July regardless of actual start date, every bank will follow suit. If your bank doesn't that's a bad sign.
Wall Street typically falls in line, once one bank does something most will follow suit (such as salaries).
Wasn’t that for SAs tho? I’ll be a top bb so I couldn’t imagine them not following BAML on this
https://www.wallstreetoasis.com/forums/sa-getting-paid-for-the-full-10-…
Chill guys, I am 100% sure that no matter what they will pay from start date.
My BB has committed to push back on full salary and I’m not baml
Push back as in no pay until actual start?
Pay from when original contracted date begins
Which BB are you referring to? Don't be shy ahah
Yeah you’re anon so no identity issue. If you could share that would be great
HSBC push back start date - most likely no pay...
Contrarian viewpoint here but the idea that people expect to be paid when their start date is pushed back is mind boggling. You aren’t doing any work so why are you expecting to get paid? NYC rental are competitive so usually you wouldn't sign a lease till maybe a month before you move in, many times less.
If a bank notified a week before start then sure but if you’re getting notice months in advance I think thats fair.
I can understand SA getting paid since its only a 10 week program but FT seems a bit different to me.
Because we have made commitments and have attached hope to the start date. I personally for example did not go for my Canada trip. So we do have costs although they are not that tangible.
boo hoo you didn’t get to go to Canada in the midst of a global pandemic that sucks!
your employer should totally consider that you didn’t get to go on your oh so special summer vacation and compensate you for the month
I don’t really understand why they would push back our start dates. We have 6 weeks of training first - surely that’s very simple to do from home?
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