Hope everyone is doing well and staying safe. I've been noticing a lot of ER Associate roles on LinkedIn and other places which is a little confusing to me as we've all heard about how the industry is shrinking due to a variety of reasons. I understand in this market, a good analyst may be more useful than before; however, why the need to hire more associates in what's supposedly a shrinking industry in an uncertain economic climate?
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The ER industry “dying” is a popular talking point on here from insecure IB guys.. people have been saying the industry is dying now for years while in practice, many MM banks especially have increased their stock coverage and number of analysts hired.