The Opportunity Is In The Middle of Somewhere...
With the rumors of hiring freeze lingering around The Street, the worst of times and the dark clouds seem to be hanging around and not leaving anytime soon. With bulge bracket firms putting on the freeze and stoppage on hiring, the fear of summer analysts who are currently working for those firms are blooming. "...internal transfers have been put on hold. Current interns from last year who haven’t been placed in a group yet are unlikely to be placed..." (dealbreaker). This will certainly instill fears for current summer analysts or recent graduates. On the contrary, top-notch boutique such as Moelis seems to be on a hiring frenzy, poaching bankers from other firms. Also, many middle-market firms do not seem to be slowing down and plan on aggressively expanding to try to close the gap with bulge bracket firms. Are middle-market firms going to climb the wish list for many upperclassmen of universities across the country? And will MM firms close the gap with bulge bracket firms soon (at least the ones who do not plan on staying in their current comfort zone of being a player in the middle market)?
Not sure if there will be a hiring freeze because a lot of the bulge bracket banks are firing people and they would take in fewer analysts as it would be cheaper to hire them than to continue to pay an associate. I guess things are just going to get a lot more competitive for the next batch of summer analysts.
Do you think it is slightly for juniors and seniors to get placed at middle market firms than bulge bracket firms?
Aut natus delectus accusantium occaecati libero ratione quia. Totam adipisci fuga placeat adipisci quasi similique voluptas. Expedita rerum libero reiciendis quam.
Accusamus a animi rem illo officiis dolorem. Dolore est sunt esse sed non molestiae est. Quam reprehenderit corporis deserunt quaerat praesentium. Consequatur non blanditiis labore error aliquam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...