What Happened with SA 2021?remonat916September 8, 2020 - 11:55pm
Forums
Not sure if it's just me, but a lot of qualified kids I know (target, non-diversity, put in a ton of work networking, and had their technicals down cold) are just not getting offers or interviews this IB recruiting season. Maybe I'm just looking at a very small sample size, but has anyone else been noticing this as well? Did banks like decrease headcount or something? I'm really curious as to why this is the case. It seems like it's been especially hard to land an offer this summer.
Also, if you're a current junior feeling down about recruiting, feel free to let me know your thoughts below. I know how much it sucks, so glad to be as much of a source of support as I can be.
Region
Have friends with similar backgrounds who all landed BB/EB offers, granted only one or two offers after months of grinding. Tons of other kids at my target missed out but everyone who put the work in was rewarded. Seems like a small sample size as the banks probably only decreased headcount by a little bit to hedge for the 2021 economy. Did they have good behaviorals/fit well? I do agree this year has been a shitshow due to the lack of localized information.
Yeah I honestly think what happened was that there was just even more stark of a divide between the kids who really grinded and the kids who didn't. The banks didn't really tell anyone what was going on so the kids who didn't network got left that much more in the dark. I see at my school now that a ton of non-diversity juniors are freaking out because they missed the boat and they didn't even know
yep exactly. The only reason I was on my game during recruiting and knew what was happening when was a combination of networking, WSO, and sometimes other kids from my school in good clubs who I knew were trying really hard. Aside from that, it was a black box. OCR was a shitshow as my career services canceled all presentations and on-campus interviews. Being virtual meant you couldn't bump into anyone or overhear any conversations or have meetings in investment clubs. If you didn't give a disciplined effort to consistently network, you were shit out of luck.
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 Want to Unlock by signing in with your social account?