How’s job security in IB?
A friend of mine described it as the hunger games. Is a long term career in IB highly unlikely and difficult to obtain? This could also apply to the job security in exit opps in HF, PE, etc.
Highly bank and group dependent. In a vacuum, have a good work ethic, produce good work, and bring a good attitude and you'll always have a spot.
The further up you move the less security you will have. Banks can be quick to get rid of a vp/director that is not performing. Also depends on bank, industry. Being a career banker at a BB will generally provide more security compared to an EB because you can leverage other products instead of relying fully on m&a which is very cyclical depending on the industry. If you want to be a career banker and are concerned about job security, consider something like DCM or LevFin(not as much as DCM). Similar comp and slightly better hours(in DCM at least).
Same principles still apply.
Produce good work shifts from making nice materials to winning mandates. A good attitude (mostly internal facing) now includes developing client relationships to win mandates.
I don't know why there's such a fear of revenue-generating positions. In a way, you actually have more security in these roles. Your fees earned are your fees, there is no subjectivity about it.
Yah sorry didn’t mean to respond to you. Just accidentally did. Not commenting on what you said.
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