William Blair Reported to Delay Start Date for Entry-Level Analysts - Will This Spread Throughout Professional Services?

 " ... boutique investment bank William Blair has pushed back start dates for incoming first-year analysts to the fall from summer, according to people with knowledge of the matter."- Insider, March 27, 2023

Although those members of Gen Z  have had no direct experience of a down market they could be receiving a brutal introduction to how things went down in 2008 - 2009. 

In professional services such as law firms there were not only delayed start dates. All too often the job offer eventually went poof. Millennials who were waiting to show up for their first day of work and who had leased apartments in pricey metro areas were left stranded. They had no job and there were no jobs out there for those in their field without experience. Some never got in and had to have a career change.

That unraveling could be set in play again. That's the fear among Gen Zers, both for full-time jobs and internships. The experts are warning: Keep vigilant. If the start date is delayed consider beginnning the job search over. Beware of financial commitments such as the cost of relocation from the college town to Manhattan and putting a signature on a lease. In the current market that might be too risky.

I add: Stay flexible. A bird in the hand is better than one in the bush. If something else solid comes through while waiting to start at some vague date in the future it might be smart to grab it.

The joke back during The Great Recession came to be: Until you get onboarded that first day don't assume you have a job.  

Meanwhile, as many already realize, a growing number of help-wanted being posted are for jobs which don't exist. Having them out there can position and package the employer as in a growth mode. Also that ghosting practice allows them to take a peek at what kind of talent is available, with no intention to hire them.

Where are you in how you make your living? Or in your job search? Intuitive career coaching offers you a new way to go about it. Take advantage of a complimentary consultation. Schedule an appointment with Jane Genova (janegenova374@gmail.com)

Genova and Associates also provides Human Resources communications, ranging from white papers to thought-leadership articles. You will differentiate yourself from the competition. Please contact janegenova374@gmail.com or text 203-468-8579.