With all these staff cuts, do you really want to do IB??
I have heard:
There are a handful of firms that are reducing their IB staff by up to 50%. Bonuses for some firms have been under 10k. And M&A is really at a downturn
As I said, this is what I've heard from some bankers, but the bankers I talked to are all in the southeast region. Are many NY firms and CA firms experiencing this too?