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I can't imagine that too many people agree to this willingly. It seems to me that pushing out the start date like that significantly increases the risk of the job evaporating before you ever start.
Rhyme - as you have heard. Not really my field or knowledge of strength, but word has got back to me that this has been happening. Last time they did this was 2001, and it did not work out pretty.
While it is difficult for any student with loans to want to do this rca, and most would like to resist, every company has an employment at will clause that they can invoke at any time. So compromising is normally the safer course of action, even if uncertain and unpleasant.
Typically the banks like to just lay people off - I would think the last year has made it pretty clear how prepared they are to cut if necessary, without a huge amount of preparation for the fact it is going to happen.
JPM once was seen to offer people incentives to go away for a year, but I think that the tests as part of training might be a bit more important than normal. I wouldn't be surprised if some people turn up and find their job isn't there.
I know of a few of the top consulting companies are doing this, I think some of it is office specific since I know some people are starting when expected and others were pushed back. One company is paying 50% of your salary from when you were going to start until the new start date. I have heard one is also looking at doing the pro-bono route like some of the law firms have been doing...basically pay people a percentage of their salary to do work for a non-profit. I haven't heard of industry job offers getting pulled yet. The internationals having offers pulled from some banks is well known at this point.
I dont think the MC companies are going to be doing this to interns. A lot of this was being debated when companies were recruiting for internships so intern recruiting was done accordingly.
Kellogg Class of 2010...still active and willing to help. However, I do not do profile reviews, don't offer predictions on chances and am far to busy to review essays, so save the energy of writing me a PM seeking help for these. If I don't respond to a PM that is not one of the previously mentioned trash can destined messages, please don't take it personally I get so many messages I have a hard to responding to most. The more interesting, compelling, or humorous you message the more likely I am to respond.