Will laterals lose their jobs when M&A slows in 2022-23?
Just recently lateralled into a bank that brought in 70 new analysts, usually their class sizes are 40-50. Will there be mass cuts if the anticipated deal flow slowdown next year happens.
Ex: tax rate goes up and M&A dies or simply all the dry powder gets used up or equity markets / interest rates die down and there is a correction
Would also be interested in hearing about what your thoughts are on when M&A will tail off to normal levels
I mean it happened in 2001/2008. We may see a 2001 type of recession. Can't predict these things. Will say one of my former neighbors was a Bear TMT analyst in 2001. Got laid off and left finance all together. Know someone who was an MBA associate at one of the top BBs in the summer of 2007. Didn't get a return offer so joined an obscure office overseas. Now he's a MD at the NYC BB office.
Just try your best and see what works for you if somehow we do face a recession in upcoming months/years.
This dosen't sound great
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