JPM LDN SA Return Rates
Hearing of an absolute bloodbath:
0% in some groups, 50% in a majority.
Can anyone confirm?
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Apparently Corporate Banking gave 0 offers.
Transactional banking (payments as JPM call it) gave 50%. And this is a part of the CIB which fared well in the last few years in terms of revenues/growth and very well in terms of intern conversion.
As a result, I would assume for IB, it is indeed a bloodbath …
Apparently all the big banks are trying (in London at least) to maintain headcount and apparently people are not switching jobs as often as they used to => less hiring
0% Return Rates for Corporate Banking is nuts
What’s the general consensus on Markets have you heard?
I am situated quite far away from the markets floor, but seems like less than 50%
Also, apparently wealth management 0% as well.
0% is insane - how did traditional IB fare?
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