What stops banks laying off analysts?IB
With all the recent analyst lay-offs, can someone tell me why analyst X can lose his job but analyst Y can keep it? Assume they are both 6 months into an IBD role.
Would it be things like the classification of your degree or the fact that you have a science/arts degree instead of finance?
Or does it come down to who you know?
What are the key criteria that decide who stays and who goes?