Headcount and staffing after bonuses hit
From speaking with friends in IBD and what I have been reading here it seems like there is going to be a large exodus in the coming weeks. It seems like banks haven't really accounted for this with their summer hiring (for '22 FT). I am going to be a summer associate this year and it looks like offers at my firm were down YoY and I have heard much of the same across other banks.
What is the plan here? I know it is advantageous for them to have low headcount, but it seems like we are going to reach an inflection point where it is not a net positive for them in terms of the amount of output that can possibly happen with the headcount across groups. What are you hearing at your firms about it?
Do you mean FT 2021?
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