actually, while not in banking or trading, there were layoffs today in BSC's subprime group, Encore
from what I'm hearing/have read, banks likely won't shutdown because as an analyst you're cheap and they need to have SOME number of incoming analysts since an analyst's lifespan is only 2-3 years, otherwise they'll have an empty class which throws things off. unfortunately that number will likely get smaller...
UBS announced a slowing down in their hiring. Its going to be a tough FT recruiting session. Overall I would guess associates will be hit harder than analysts because analysts are cheap.
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Expect layoffs
actually, while not in banking or trading, there were layoffs today in BSC's subprime group, Encore
from what I'm hearing/have read, banks likely won't shutdown because as an analyst you're cheap and they need to have SOME number of incoming analysts since an analyst's lifespan is only 2-3 years, otherwise they'll have an empty class which throws things off. unfortunately that number will likely get smaller...
Firm will take less percentange of summers than previous years,associates hit hardest. S&T hit harder than IBD.
FT recruiting will be scaled back quite a bit. Summer 2008 intern numbers-who knows yet. Target is possible same number as this year.
UBS announced a slowing down in their hiring. Its going to be a tough FT recruiting session. Overall I would guess associates will be hit harder than analysts because analysts are cheap.
Great. As a 09 SA intern, I hope much of this distress and risk evaluation is resolved by that time.
hiring freezes at some places as well
Qui et ipsum reprehenderit nesciunt quisquam dolorum. Eius soluta hic reprehenderit. Quidem quos tempora quia architecto et blanditiis iste. Sint unde voluptatem ea doloremque et possimus et architecto.
Debitis numquam ad quod rerum vel nulla ut accusamus. Quia aut distinctio debitis. Beatae labore placeat quo temporibus. Fugiat ut doloremque rerum dolorum.
Omnis aut sunt quo esse. Consequatur et possimus maxime enim repellat dolorum. Esse perspiciatis laborum quisquam nobis non explicabo.
Reprehenderit illum id qui provident optio. Culpa totam quis quidem enim quae. Dolore repellendus quo tenetur id impedit blanditiis quia temporibus.
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