An IB headhunter recently stated that RIFs are likely to come in Q3, and that first year analysts will be on the chopping block. Can anyone comment on this? Starting at a middle market bank in a couple months and am nervous after reading this brief.
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They use FIFO, not LIFO. No need to sweat on your end.
Not to freak anyone out, but this makes no sense to me. Wouldn't you want to keep the analysts with more experience while cutting the newbies?
How does it look when you cut newly hired cheap graduate / cancel on him vs. cutting the worst performing VPs / EDs that do not produce many pages / models, nor bring in deals yet?
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