Comments (13)

Feb 13, 2012 - 10:03pm
Ukon, what's your opinion? Comment below:

Used to work at a BB and so have been many incapable associates getting laid off... Most of them actually somehow managed to stay in IB... (quite amazing actually..) They just move from BB to middle markets or no name boutiques. A few others move back to corporates or go back to MBA.

But in this market, I think many more will be out of a job for a much longer time...

Feb 14, 2012 - 10:36am
Yohoo, what's your opinion? Comment below:
Ukon:
Used to work at a BB and so have been many incapable associates getting laid off... Most of them actually somehow managed to stay in IB... (quite amazing actually..) They just move from BB to middle markets or no name boutiques. A few others move back to corporates or go back to MBA.

But in this market, I think many more will be out of a job for a much longer time...

You mean incapable like Harvard professor, the bankers who failed the economy?

No one would remember the Good Samaritan if he'd only had good intentions; he had money as well.
  • 1
Feb 14, 2012 - 4:13pm
rynofrowan, what's your opinion? Comment below:
Yohoo:
Ukon:
Used to work at a BB and so have been many incapable associates getting laid off... Most of them actually somehow managed to stay in IB... (quite amazing actually..) They just move from BB to middle markets or no name boutiques. A few others move back to corporates or go back to MBA.

But in this market, I think many more will be out of a job for a much longer time...

You mean incapable like Harvard professor, the bankers who failed the economy?

^this guy...

...is a twat

Moving tonnes of product. Making fat stacks.
  • 1
Best Response
Feb 17, 2012 - 1:53pm
roofstreet, what's your opinion? Comment below:
rynofrowan:
Yohoo:
Ukon:
Used to work at a BB and so have been many incapable associates getting laid off... Most of them actually somehow managed to stay in IB... (quite amazing actually..) They just move from BB to middle markets or no name boutiques. A few others move back to corporates or go back to MBA.

But in this market, I think many more will be out of a job for a much longer time...

You mean incapable like Harvard professor, the bankers who failed the economy?

^this guy...

...is a twat

lol are you referring to the poster or larry summers....because i guess you could make a case for both, lol

"...the art of good business, is being a good middle man, putting people togeather. It's all about honor and respect."
  • 3
Feb 13, 2012 - 11:51pm
Neighbor, what's your opinion? Comment below:

Associates are always the first to go in a tough environment.

I didn't say it was your fault, I said I was blaming you.
  • 1
Feb 14, 2012 - 1:03am
Neighbor, what's your opinion? Comment below:
Cartwright:
tlynch5:
Associates are always the first to go in a tough environment.

From my observations it's actually VP's first. They are making the most without a direct tie to revenue. Probably depends on the structure of the group though (whether heavy on one or the other).

You're right. I was actually going to put Associates & VP's but for the OP's sake, I left it at associates.

I didn't say it was your fault, I said I was blaming you.
Feb 14, 2012 - 9:32am
UFOinsider, what's your opinion? Comment below:

What corporates do they go to?

Get busy living
Feb 14, 2012 - 9:38am
N.R.G., what's your opinion? Comment below:

They go into corporate development or some random corp finance function.

Feb 14, 2012 - 10:36am
Yohoo, what's your opinion? Comment below:

They go Chez Madame Tusseau or down the toilet.

No one would remember the Good Samaritan if he'd only had good intentions; he had money as well.
Feb 15, 2012 - 11:38pm
hoovertower, what's your opinion? Comment below:

Some stay in the field, some move to F500 or other start-ups. Some go back to live with their parents and start up websites like WSO, GMATPhit, BIWS, etc etc

Array

Feb 17, 2012 - 9:28am
dazedmonk, what's your opinion? Comment below:

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