I just got a resume today looking for summer 2025. Kid is an "incoming summer analyst" for summer 2024 and that is his first gig. This is like the third or fourth one like this.
So the expectation is I'm supposed to look at candidates with zero work experience, no qualifications other than having passed interviews for a job they haven't started, for a gig over a year in advance.
When did recruiting get so inanely stupid?
For the record, any of these resumes that come to me go straight into the trash.
I think it was sometime around 2018 that recruiting started pushing into the sophomore summer instead of junior fall. Since then, it's been downhill since.
This is market
That's my question. Why? It's incredibly stupid.
Prisoners dilemma, everyone kept going earlier and earlier and now it’s suboptimal outcome for all actors in the market.
Similar outcome for on cycle PE recruiting, but you can’t go later without harming your class quality, so everyone is stuck with this outcome.
Because you either put incoming intern for summer 2024 or have a resume with 0 experience and get resume screened. From what I've been told the timeline keeps getting earlier and earlier as the top banks try to be the first ones to get top talent to sign with them.
you seem like the type who would disregard a non-target resume
That's your takeaway? Lmaooooo
How long before it gets pushed to fall sem of sophomore year/spring sem of freshman year.
Can't wait for a wall of "2025 analyst class is incompetent"/"2025 associate class can't do anything" threads next year.
This is what happens when you recruit professional yappers and coffee chatters that don't get anything done.
They are sophomores, what else are they supposed to do. These larger banks recruiting cycles are forcing 18 yo students to nag the boutique banks around them for school year internships when they don’t want freshmen either, and routinely get annoyed with their immature interns. It really benefits no one.
It's not their fault at all, the whole system is stupid.
Hey Mr. Rabbit, if you'd like an extra set of hands to take off some of that busy work, recent MFin grad with great grades and soft skills here ready to take a FT role.
For FT, think we are only hiring associates now. Will check.
Thank you. I greatly appreciate it.
I’m just a message away whenever you need an analyst.
I feel like their reasoning to include it would be: I am going to have experience in this position in 2024, and because I am applying for a position 1.5 years out as a sophomore, why should I not include what I will be doing this summer that I otherwise wouldn't be able to include if I weren't looking for jobs this early. I don't really find it all that mind-boggling considering the early recruiting cycle for finance.
How is next summer 1.5 years away? It is May.
When you say 'first gig' - how would a kid who had worked a summer job at McDonalds be viewed?
Corporate finance at Mickey D's isn't that bad of an experience.
When banks and such realized this is a better process for getting the types of employees they want
well its because all the good banks filled their class with students who have work experience + 2024. you are likely getting the ones that didn't make the cut at better banks or just found out about recruiting pretty late.
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