Economic Outlook and SA retention
Hi guys,
I know by now, you should know about slow growth in the market caused by many supply side issues(zero Covid, Russia war) and also rising interest rate. Any ideas on how this would affect IB summer retention due to this development? All opinions are welcome ?
Thanks
bump
Interested in hearing this as well.
Interested
This will be a prolonged downturn. It won't happen as suddenly as it did in 08 (friend of mine was Merrill IBD and he along with 95% of his analyst class was let go subsequent to merger with BofA), but would expect headcount to fall 25-40%.
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