Hey, bud, you been enjoying your summer working for The Biggest Bank In Town? Well, lap up your time basking in the light of the sun that is Jamie Dimon, because JPMorgan is reportedly looking to hire almost none of you summer people on a full-time basis:
Summer associate offers went out at JPM today. Most groups gave out 0-2 offers (generally in the 0-20% of all summer associates range). Analysts also had a lower than usual hit rate, around 50-60% offers.
Perhaps Jamie sees a downturn coming?
Brutal for the associates tho. Several groups gave out ZERO offers.
Hey, don't fret, young buck...there's always Credit Suisse and Deutsche Bank!