http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B78C5E00E%2D0056...
The articles holds that the good times have peaked on the Street and the next downturn (a la
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The Coming Downturn
by irrationalexuberance
(Monkey,
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very light
be prepared to get rejected 30 times and 1 offer. that was my ratio in 2002 after interviewing with almost every main bank and making it to final rounds in several.
What about those who already
What about those who already have offers? (I just finished my internship at GS)
Should we be worried about possible layoffs? What will bonus numbers be like?
dang this is scary...
should we start looking into areas that aren't as cyclical as IB? like S&T?
S&T
may or may not be less short-term cyclical, but it is likely on a slow long-term death cycle. And once it dies you have no convertible skills. so...
how?
Why do you say that S&T is on a long-term death cycle? What is going to replace the massive revenues that these guys bring to their bank?
S&T
Talk to anyone in trading. They all say how HFs are squeezing their margins by shopping prices around which never really happened before. Someone please correct me if I am wrong, but I heard this from a trader at ML last fall.