With the recession just around the corner, I have heard some grave stories from this years' (2019) SA classes. Apparently, MS HK gave out 0 FT offers for S&T this year, there have been stories on here too about Summer Associates getting no offers at all at some BBs in the US.
Others are apparently reducing hiring to prepare for the crisis (JPM is a prime example) or have even put hiring freezes in place for FT positions.
However, no one seems to really be talking about this?
Those of us graduating in 2021 will be entering the workforce right during the next recession (at least that appears to be general consensus) so what do our chances look like for 2020 SA conversion and 2021 FT recruiting if shit is already hitting the fan this summer?
What do you guys think, are there any ways to prepare to mitigate this? Any group choices you'd recommend?