Everyone understaff? (SF specific)
I thought it was just my MM bank, but was chatting with all my peers at different banks and it seems everyone is understaffed at the junior level in SF? From what I know it seems Evercore (both Tech and Healthcare), most of the MMs, all seem to be severely understaffed and trying to hire aggressively. Is this true for the BB's? I'm sure GS/MS/Q/JPM has no shortage of analysts... what about associates? Wonder if this is just a function of Tech/Healthcare markets booming, or structural items such as tech/AI jobs now paying similar to IB in the Bay.
No buddy, these MM/EBs are glorified sweatshops so they are always "understaffed". Which makes sense, given they chase everything, everywhere
Agreed, but I have associate and VP friends literally building CIM's cos there's almost no analysts - maybe that's normal but just seems crazy to me. My firm barely pitches anymore purely because there's no bandwidth at the junior level. Getting crushed as an understatement
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