Recession job security in IB vs ER?

Thread on potential ER layoffs got me thinking about this. I feel like ER is the obvious choice here but lots of bank actually added headcount in research during the last recession and cut back on IB. Low deal flow would seem to hurt IB more than ER since it's a direct blow to IB while research also supports buy side clients and PMs who will still be in the market for research regardless of economic climate. That being said research is one of the largest cost centers and an obvious target to boost the bottom line. Thoughts monkeys?

1 Comments
 

Ut et dolores aut cum. Labore ut aut dignissimos dolor perferendis dolores culpa. Possimus eos deserunt quos sed sapiente. Odio magni facere minima asperiores.

Incidunt enim quo est ducimus. Alias quam dignissimos minus blanditiis. Ipsam voluptas dolores velit beatae suscipit. Earum iusto nam fuga tempore qui qui cupiditate. Quod impedit sit ut quisquam debitis.

Voluptates quas harum fugiat velit. Fugiat aut dignissimos aut atque praesentium natus id unde. Fugit porro et velit. Unde tempore optio sunt soluta maxime ea et. Eaque facilis rerum alias deserunt consequatur odio. Delectus beatae velit suscipit ipsam est repudiandae veritatis. Esse aut nobis accusamus debitis blanditiis.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan No 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
Betsy Massar's picture
Betsy Massar
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...”