Credit Crunch = Banker will be fired
So how many of us are getting scarred about lay offs b/c of the impending market slow down/crash? This has happened before, many, many times, and will obviously happen again. When it does, securities firms lay off people, especially junior people. Who is worried? Or, are you all of that IBD for life mindset and think that this bull market will never end, and junior analysts will continue to make 6 figures forever, despite it never having happened before the last very few years.
not really worried - so much global growth in europe and emerging markets making life still pretty easy.
I think the credit crunch will begin to dissipate as investors address the primary underlying issue, which is the re-evalutation of risk. Emerging markets, contained inflation, strong corporate earnings, in-line unemployment rates (mid 4%), and steady fed rates, should keep IBD jobs steady at least for the time being. Will M&A and LBO activity slow down, of course, but there is still significant liquidity across the global spectrum.
I do think hiring and bonuses will ultimately be affected. The key to junior IBD is to simply maintain for 2 years, consider exit ops and/or b-school.
dude, who the fuck is going to merge all the shit in estonia?
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