I'm not in the industry, but it seems like there has been a spike in ER openings in the past month. Does anyone have insight as to why this might be? (market optimism perhaps?) Also, if the fed starts to cut rates and the economy takes a larger downturn, would these openings be the first to go? If so, I feel like the lack of job security could outweigh the price of packing up and moving to NYC at this moment.
Just a stream of thoughts, looking for opinions, thanks!
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I suspect most of the openings are for replacing existing associates, as most associates weren't happy about the numbers their banks gave.
I know that some firms are having layoffs, and virtually all firms have been on a hiring freeze for some time. I think we are at a point where staffing is low enough to where any turnover needs to be filled quickly. I would argue that for most teams these opening are very safe because if teams are hiring that means management explicitly approves and understands the need for the hire.
Mind listing some names of firms youve seen?
Needham, Leerink, Cowen, KeyBank; Nothing BB recently
Is leering not owned by SVB anymore? Saw they rebranded on LinkedIn
I’m not too sure. Someone on here who followed the reorg probably knows.
They just did a management buyout from SVB (with backing of Baupost I believe).
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