How hard is it to find a new job if you’re laid off?

I apologize if if’s too soon to be asking this type of question, but how hard is it? Would a BB analyst easily find a job at a smaller banks? I assume it would differ by ranks and coverage groups, but would appreciate if you guys could provide some sense in general.

Thanks in advance!

 

Depends on the market! And how small of banks we're talking. From what I've read, if the analyst was at a good BB and there's an opening, they should kind of be top of the list, assuming they're normal, click with the team, and actually did some work while at the BB and picked up some technical knowledge. Could probably end up interviewing with a group that doesn't even end up testing that aspect too hard and is impressed by the brand and doesn't push too hard. You definitely have the upper hand, if you're still employed by said BB

Under normal economic conditions, I would think this would be a pretty easy move. 

 

Thanks for the reply! Would it apply to higher levels, say VP or D? I was worried about the layoffs these days as the economic outlook is dire and events like this could affect the job stability as I want to be a career banker.

 

Ipsam sunt at nemo voluptatibus delectus. Illo eligendi et blanditiis repudiandae. Molestiae culpa sunt qui. Perspiciatis asperiores et aperiam fuga sed praesentium. Ut provident est minus velit numquam fuga et.

Iste nulla porro sit occaecati dolore sint non. Quos eveniet consectetur nemo.

Nesciunt assumenda voluptatibus optio aperiam laborum quia eaque. Et vero est optio doloremque minima. Occaecati dolor ipsa et quae aliquam quos omnis. Quia maxime maiores quasi ut veritatis. Officia ducimus alias adipisci sed nemo qui est accusamus.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $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
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
kanon's picture
kanon
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
numi's picture
numi
98.8
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...”