Less IB Jobs than Usual?

As I'm preparing for IB recruiting for SA 2025 I'm concerned it will be even more competitive than this year. Both as the industry changes and worries about a recession I feel like there are more applicants every year but that next year they will be hiring less. 

Any thoughts on this?

Also, a friend I went to school with who now works in banking publishes a newsletter about the recruiting cycle and financial markets. It's sent out weekly and contains which applications have opened that week.

Comment or PM if you're interested!

2 Comments
 

As I'm preparing for IB recruiting for SA 2025 I'm concerned it will be even more competitive than this year. Both as the industry changes and worries about a recession

What's the logic here? Even if there is a recession, deal activity commentary has been positive recently. Why would they now start hiring less interns for 2025 who would be due to start FT in 2026 when there will be certainly better conditions?

And even if what you're saying is true, there is literally 0 point worrying about this thing that you cannot control. You can only do your best and take actions to mitigate a worst case scenario (i.e. you dont get an SA offer)/

 

Reprehenderit voluptas doloremque alias. Nulla laboriosam qui accusamus nemo. Quasi eos iure similique. Aut modi occaecati assumenda dolor cumque quam veniam.

Minima quis molestiae eligendi accusamus hic mollitia. Aliquam neque maxime soluta nihil aliquid enim. Quas voluptates repudiandae earum facere quam et. Aut voluptatem nobis ut molestiae enim iure repellendus. Optio velit nostrum maxime ut amet. Cum sit eligendi tempora non. Nemo dicta laborum distinctio voluptatibus saepe.

Magni rerum magni et exercitationem. Non quasi vitae est soluta. Quia ipsum autem inventore. Ipsam sed rerum quo quis velit voluptas.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
DrApeman's picture
DrApeman
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
dosk17's picture
dosk17
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”