With expectations of fed rate cuts in 2024 becoming increasingly prevalent, what are your guys’ thoughts on the state of the hiring / lateral market for analysts. Do you think banks will start hiring more in early 2024?
Talking primarily about U.S. banking hiring.
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I would think so, but probably nothing too extreme - at least until summer. BBs will probably be slower or nonexistent, so I'd think it'll be more of the MM/EBs that are hiring. I'd also guess that the hiring market will be much more competitive given layoffs and a slowdown in PE hiring (so more bankers looking for jobs)
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