As we all know a first year analyst has to make a decision around this time of the year: a) take part in PE/for a job that would start after his/her two year commitment, or b) be a good monkey and stay out of the recruiting process because his/her firm prohibits it / it is a conflict of interest.
At this time,JM's think the correct answer is A, while higher-ups, who believe there is a firm policy in place that says no analyst shall take part in recruiting until six months from the time they've finished the two year program, are going with B. So now this is happening:
Goldman hasfirst year analysts with buyside offers for next year. Senior people are calling up funds to ask if any analysts have received offers from them. A bunch have been cut so far.
A bunch, we're told, is in the ballpark of four, which seems like enough to put the fear of god into people.
What are people's thoughts on how this will effect the traditional PE recruiting process? Could this push recruiting back for all banks? Also, any thoughts about whether this will hurt GS IB recruiting?