IB Lateral hiring to pick up after rate cuts?

Yesterday, Fed cut rates by 50bps, penciled in another 50bps cuts for this year and 100bps cuts for next year.

Given this, should we expect banks to start hiring more aggressively in terms of lateral positions late this year / early next year?

6 Comments
 

In theory, it should. However, I’m worried that banks overhired so much during the 2021 M&A boom that the availability/competition of lateral positions will only marginally improve. 
 

At a minimum, hopefully it means a reduction in bullshit, ghost job postings. 

 

I'm ngl I overheard partner at my firm talking on the phone that the rebound in dealflow that everyone expected for 2024 didn't exactly pan out, and they are pushing that expectation to 2025.

 

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