IB in 2016/17 - Recession?
Hey all, I'm set to graduate in 2017 and recently accepted an SA offer. However, having seen the turmoil in the global public markets recently, I'm a bit concerned about how the economy will look in the next year or two before I graduate.
Do any insiders who work in BB SA have thoughts on how deal flow currently looks, and whether or not banks might have over-hired for FT positions last fall? Interested to hear how the current state of things may affect SA return offer rates or FT recruiting this upcoming fall.
Curious to know this as well. What group are you with? (Tech, M&A, DCM etc.)
Guys, take a deep breath and just focus on having fun your senior year and the doing well in your SA role. The market is out of your control, and it's just a waste of time and energy worrying about it. Even if you do not get a return off, you are still better off career-wise than 90% of your classmates.
Jobless with SA experience > jobless without SA experience
Lol - Maybe you should email your hiring manager and lay out your thesis for why we are going into a recession in 2016/2017. I would personally start with, "well since markets are down 10% YTD, I have come to the conclusion...."
You're massively over-simplifying it. It's not just markets being down, but you're starting to see the sovereign debt crisis popping. That's what's driving interest rates negative, which in turn will have devastating impacts on middle and working class finances.
I was completely joking...
Would it be better to move to management consulting instead of investment banking because of the volatility?
A bad economy for everyone is a bad economy for everyone. Management consulting isn't one of those absolutely necessary industries that will continue to see a steady stream of clients no matter what (ex: divorce lawyers). If there's a recession, then companies aren't going to want to pay investment banking fees (excluding restructuring here). Likewise, companies aren't going to pursue projects that require the help of a consulting shop if they find that they can't afford it.
Uh oh 'scare thread' apocalypse is upon us
Rx guys are probably stoked.
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