Isn't this like the worst time to enter High Finance/IB?
A lot of people will say stock market always go up in the end. But right now, why are so many people still eager to go into IB/HF when liquidity keeps drying up in the market. So basically the stock market rout has no correlation with the future of the financial industry as a whole?
As I recall, a few weeks ago, the top senior partner of Apollo Management, literally one of the most successful private equity firms, exited after a history of strong performance. Why would he leave such a cushy job all of a sudden?
Ps: I am just curious. Currently contemplating if I should go into being an actuary instead of going into quantitative finance. Theoretically, finance should be the least recession-proof industry. But no one seems to care I guess. Maybe this time is different?
Imo apart from if a terrible recession happens, this is the best time to enter. Recession predictions are just that, predictions. The fact that entry level analysts are going in at street comp of 100k+ base, is crazy. As far as compensation, after raises few roles can compete with IB and even if there is a recession, analysts won’t be the first impacted
TINA except for jobs. Everything getting automated away except programming roles and finance front office, so you better have a massive capital stack in your inheritance or work in a job that can still be resilient
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