Now that January is over, I wrote to my friend Hannah at CMU (she is MSCF '08) and asked her how the internship scene has been for MSCF'08ers and from what I could gather, things are roughly the same as they were last year (the subprime crisis had not not revealed itself fully by Jan-end '07). Roughly the same proportion of the '08 class has internship offers at the end of Jan'08 as the the '07 class did at the end of Jan'07. So, it does not look like internships have been too adversely affected. Yet.
A positive sign has been the robust hiring from Lehman Brothers Asia and DB London, though DB NY has cut back a bit. Also, this time around, State Street and and RBS have dipped their toes in the water, for the first time. And so has Goldman Sachs. So, going forward, the following questions present themselves.
- Going forward, will the softness in the markets do in those who are still without offers?
- And what about internship to full-time job offer conversion percentages? Will the yield fall for this batch?
- And, of course, how are things at the other top-tier US programs? (UCB, NYU, Columbia and Stanford)
- What about the second-tier programs like Chicago, IIT, GaTech, Rutgers et al?
Perhaps some readers can shed some light into this.
