What is job security like in IB and other financial careers?
How would you describe job security for investment bankers? Do certain groups have better security like ECM and DCM?
Also, if anyone knows, what is job security like in PE, PWM, AM, consulting and corporate finance?
bump
For IB, it is honestly non-existent. You get your first six months for free, then after that, assume that ~1/3rd of your class will be fired or "coached out" every year.
I've heard that you can tell if your in the top 1/3 if your being specifically staffed/requested by particular MD's and the bottom 2/3 if your getting staffed on worse deals. Any other indications that you may be under performing?
Your bonus, for one. Gossip is another.
can't spell is one
"What have you done for me lately?"
if you are good.... you have a career.... if you are avg..... you will still have a job... if you are bad - the big system of corp america will phase you out
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