If PE dies down, what is everybody planning to do?

I've never planned to go into PE. I'll be safe and sound in IBD or some other corporate finance role.

Teach AP econ and coach high school baseball.

Starting to think I'll do that anyway after I get my bonus this year.

Never forget that the financial services industry always finds a way...to make money.

If PE goes bust you know what the next hot thing will be? Restructuring/bankruptcy/DIP shops.

All of the Wilbur Ross's of the world are waiting to buy overleveraged PE failures on the cheap.

Don't you worry. There will be plenty of job opportunities in Finance, in a bull or bear market.

what is the outlook for a analyst from a bank like JPM, for each possible outcome of the economy

what's a DIP shop?

"what is the outlook for a analyst from a bank like JPM, for each possible outcome of the economy"

Dude. Each possible outcome of the economy? You want me to run a Monte Carlo or something? This is like the modeling assignment of my nightmares.

AKA chapter 11 bankruptcy

most people don't work in pe. there are other jobs out there.

i plan to travel a little and go to b-school when the market turns. it helps that i haven't spent any money from my bonuses for the past 3 years.

are you a direct promote then? (your profile suggests that you are an associate and haven't gone to B school yet)

i'm in real estate private equity. promoted once at end of 2nd year to associate and will be promoted again soon (fingers crossed).