Anyone thinks BB/EBs will implement hiring freezes for the upcoming months given current market environment? There are a lot of postings at the AN/ASSO level across a lot of firms, but not clear whether these are just ghost postings.
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Tariffs just came out so who knows, I imagine whatever hiring is happening is gonna basically slow down even more though
Current incoming SA - worrying about the impact on return rate.
As well, its not looking good :(
In the same boat, hopefullly things get better
To play devil's advocate, finally getting clarity on tariffs may be helpful. Of course M&A may take a hit if companies have to start preserving more cash.
As has been the case for the past 3 years, who really knows.
This isn't clarity. Who knows if these tariffs stick, what the retaliation will be, what happens to US economy now. Who wants to do M&A in that environment lol
What clarity exactly? A lot of it is still up in the air. Many friends and I running decent size consumer brands are basically just hoarding cash because we have no clue if more tariffs are coming that we need runway to deal with...
Is it true that it is still better economically for you to stay in Asia with the tariffs vs coming to the States? Saw reports about this for retail companies and wasn't sure if it only was the Nike's of the world or all manufacturers.
M&A activity is goind to be cooked. Thanks to the US and all the dumb "dealmaker" republicans who voted for this. How funny now looking back at all the talking-head IB articles in the WSJ, FT, etc. predicting the "rebound" in M&A. Haaaaaaaaaaaaaa.
nah bro, trump is literally a billionaire and businessman. he's gonna fix the economy and own the libs. i hope we can get the convicted felon a third term 🦅
The funniest part: when I got the offer, ppl said Trump would bring back deals; but now when I was to start, everything seems unclear
If only Trump had given us some clue through his prior track record that he'd be a poor fit to run the US.
But yes, obviously hiring will be affected across all industries. But the good thing the few jobs there will be will go to proportionately less LGBTQ folk, and as far as I've read on WSO, that is the most important thing.
Oh no, who will think of the investment bankers!?
No M&A or IPOs.
Yes. I wouldn’t expect much of a job market in this space - and possibly more layoffs if this persists
Trump had added unnecessary volatility and uncertainty.
Overreaction IMHO... feels like a covid moment (aka March 2020). Tariff situation won't stay as is and the administration will sooner rather than later will have to cater to the needs of the business community
I am hoping this is the case but...
The last 20% tariff stuck from a few years ago...
This. I'd honestly just turn off the news for the upcoming days. Lots of background noise
It's clear as hell that Trump won't keep the tariff regime as stated yesterday. He's not dumb. It's a lever against the US' key trading partners, that's it
You don't think Trump is retarded?
lmao the panic on this board.... Chill guys there won't be a hiring freeze bc of a couple of days of market turmoil. I can speak to my EB, but some teams (M&A) are getting crushed and need more bodies. Even in my group (RX) the situation is not that much better and we need more working hands
There might be some layoffs to trim unproductive seniors or mid-level guys (VP+) / underperforming juniors, but there is for sure need for able juniors
yo can I join, where are you based?
This seems like a very narrow minded take - "some specific teams at my specific place need more help right now". That's a lagging indicator and not that relevant to the discussion. The question that's being asked is simply: "is what's going on right now incrementally worse for IB activity?" and the answer is very obviously yes. Which means on average the demand for IB employees is lower. Some places will have lower hiring, some won't but on average, it's pretty tough to argue that this isn't bad for the overall IB job market.
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