Recent recruitment trends in ibanking
CO
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(Monkey, 58
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on 7/12/12 at 10:40am
I am a newly admitted MBA student in a top 10-15 MBA program (think Duke/Cornell) with no prior experience in banking. Talking to other MBA students and former ibankers, I got to a conclusion that very few people want to do ibanking anymore compare to 2-3-5 years ago.
My question to current and prospective bankers, do you see the same trend? Do you think it is easier to get a job in ibanking now then in the past 5-10 years?
Thanks!






I wouldn't say easier or less
I wouldn't say easier or less competitive as you will still have more applicants (all of them very good and capable) than you have roles available.
However you have to decide for yourself if Banking/Finance will make you happy in the long run as the market has changed in recent years and will continue to change going forward.
Why not just look at the
Why not just look at the placement statistics for your school? Looking at just the recruiting statistics for this years placement at my school (also entering this fall), and talking with current 2Y as well as alum in the past two to three years, it seems recruitment is about flat. I wouldn't say it's easier to get a job in banking than in prior years given that recruitment numbers are largely flat if not down from the 'glory days'. Fewer people interested and fewer spots still means similar competition. At least that's how I'm approaching this fall and the recruiting season for internships.
I'll be at CBS
I'm sure IBs will be cutting
I'm sure IBs will be cutting back on hiring meaning it will be just as competitive
Were you not alive for
Were you not alive for something called the financial crisis?