7 Comments
 

Hmm.. very interesting question. I have heard numerous interviews with HF legends saying that engineering will be the "finance" (in regards to salary and exit ops) of the future.

 

We are entering an age of great deleveraging, a cycle that builds on itself, I can't imagine the outlook for investment banking being anything but negative.

 
Best Response

Engineering is not going to be the future of finance if you mean that everything will be run by uber quant-driven black box algos. That's not going to happen. No question that quant funds have a permanent place in the market (unless Congress does the right thing and eliminates high frequency trading, but let's be real), but fundamentally driven investment strategies will never die out.

Investment banking salaries and the future of the industry are going to be a function of the deal cycle. There will always be demand for smart young monkeys who are willing to work 100 hours a week for X. X will be a function of how many deals there are and what the size of the fees for those deals are. Deal volume will come back in strength once we get through the current deleveraging period, and as long as fees don't become regulated, they will probably as high, if not higher in the future (due to inflation). I think investment banking will come back, it's a question of when.

Investment banking existed in its prior form as the intersection between supply and demand, both in the labor markets and in the deal markets (i.e., what companies are willing to pay for banking services). To think it will not come back, you have to have a convincing argument that either of those two equilibria are permanently altered-- not just "permanently altered" because people have short attention spans and everyone is in a bad mood right now, but changed for structural reasons.

 

Assumenda ut error iusto qui rerum numquam. Id facilis accusantium qui consequatur repudiandae. Aut aut aut adipisci voluptatibus vel.

Explicabo sequi aut ut aut. Id aut vitae consequatur voluptatem esse. Officiis fuga totam perferendis et culpa quisquam.

Reiciendis cum maiores et sed nam excepturi vel. Voluptates necessitatibus laborum quia. Autem natus iste nihil ullam adipisci dolorem. Cupiditate non molestias et rerum et. Rem vitae fuga sapiente quis maxime laborum et.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (65) $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
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.9
10
bolo up's picture
bolo up
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...”