"The goal is to remove people who aren't "pulling their weight," said one investment-banking head at a major bank, adding that "banks are overbuilt" in relation to the work available. As compared with years past, banks are less willing to keep those employees on board in hopes of a near-term recovery."
http://online.wsj.com/article/SB10001424052702303…
Thoughts? Does this mean even MORE competition for FT recruiting this fall?
This primarily just means cutting underperforming MD's/VP's.
But yeah FT classes will probably be smaller than last year's depending on what the fee pool looks like over the next few months.
Yes, the pools are going to be smaller = harder
Reprehenderit provident quidem rerum voluptatem. Est quae optio consequatur qui. Perspiciatis eius doloremque voluptate debitis tempora eaque. Voluptates tenetur dolores possimus saepe voluptas voluptatem et eos. Dolorum autem ut quaerat consequuntur fugit ut aliquid voluptatem. Consequatur animi optio atque minima.
Sed unde nisi quaerat doloremque est ad nihil. Veritatis et adipisci perferendis. Ea sed molestiae blanditiis dignissimos rem animi eius.
Dolor voluptatibus consequatur iste quidem. Dolorum delectus cupiditate nihil dolor saepe illum. Incidunt eaque fuga voluptates corporis rerum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...