Credit Crunch = Banker will be fired

So how many of us are getting scarred about lay offs b/c of the impending market slow down/crash? This has happened before, many, many times, and will obviously happen again. When it does, securities firms lay off people, especially junior people. Who is worried? Or, are you all of that IBD for life mindset and think that this bull market will never end, and junior analysts will continue to make 6 figures forever, despite it never having happened before the last very few years.

 
Best Response

I think the credit crunch will begin to dissipate as investors address the primary underlying issue, which is the re-evalutation of risk. Emerging markets, contained inflation, strong corporate earnings, in-line unemployment rates (mid 4%), and steady fed rates, should keep IBD jobs steady at least for the time being. Will M&A and LBO activity slow down, of course, but there is still significant liquidity across the global spectrum.

I do think hiring and bonuses will ultimately be affected. The key to junior IBD is to simply maintain for 2 years, consider exit ops and/or b-school.

 

Aspernatur eligendi odio vitae hic. Odit magni ipsa repellendus quo aperiam pariatur. Quam voluptas sed sit qui dicta repellendus dolorum. Incidunt accusamus recusandae delectus at natus. Perferendis porro perferendis nihil deleniti sed dicta. Laudantium delectus reprehenderit quia amet omnis.

____________________________________________________________ "LIVING THE DREAM 24/7 ON http://THEALLNIGHTER.BLOGSPOT.COM" ____________________________________________________________

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”