So a little background on me: I transferred into a non-ivy target at then end of junior year, and to fulfill residency requirements it took me an extra year to graduate. I really liked the bank I worked at and didn't think of shopping my offer around, so I accepted the offer and was placed into a top coverage group without ever interviewing with any other banks.
With training a little over a month away, I just got a call from HR. They gave me the usual bs about market conditions and what not, and that due to these conditions they want analysts to be able to contribute as much as possible in an area where needed blah blah blah. Then they went on to tell me that they would be delaying my start date with the investment bank until July of 2009. In the meantime, I would be joining the commercial bank. I will still go to IB training, but once I complete that, I will join the commercial bank for a year. They also said that this was done uniformly, to every group across the IB, and that they chose, at random, 1/3 of the analyst class to go through the same process.
My initial reaction was that more experience certainly won't hurt, considering the fact that I didn't work in the IB last summer, and that maybe this will make the transition into working 100+ hrs a week a bit smoother. But now that I'm mulling it over, I am thinking that I am being robbed of a year. I'm already 23, so I start my first year analyst stint at 24, meaning the first opp to become an associate or possibly go to b school will be when I'm 26.
Should I be pissed here or take the positive outlook? Do I have any options? I've already signed with the bank (obviously) and with this market, I doubt that I could go an interview with any other banks. I don't know what to do, any serious advice would be much appreciated.