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*waves hand* it depends on the economy
If it’s FT hiring for 2023 start then yes — already impacted.
If it’s intern hiring for 2024 hard to say — will be different economy by then. I think (personal opinion only) class sizes will remain similar to last year, so it won’t be slower per say, it just won’t accelerate like it did in the past years. It’s already pretty insane — b school class sizes aren’t going up much yet MBB hiring has ballooned— in the past maybe 30% of people got an 1 offer at M7 now it’s closer to 60%+.
I think there might be more tech/VC people recruiting for MBB internships this year since these two industries might cut a lot of internship spots, so maybe hiring will remain constant, applicant pool might shoot up
its true and anybody who says otherwise sold their soul to protect their firm’s PR, but truth is that it’s slowing
FT hiring for 2023 summer start is likely reverting to the norm - where it’s used to fill holes. I.e., 90% of the incoming FT class will have interned with the firms. The past two years were abnormal
Expect intern recruiting to stay at the same level it always has. By the time interns are starting FT it’ll be 2024. MBBs have learned to take a long-term perspective to preserve the pyramid structure and not overreact to short-term economic changes.
Experienced hiring has definitely slowed especially for IC-level