How to answer interview question about bonus cuts?

From today's Bloomberg, it was announced that Citi cut its IBD bonus by 20% (can't post link cauz I'm a new user). I was wondering, for SA interviews, what's the appropriate response if they ask me about it? e.g. "Bonuses are cut, why do you still want to be in this industry"?

4 Comments
 

Really? You really can't think of a good answer by yourself. God help us all. Let's try....you're not in it for the money and you find the job/industry interesting. Fuck!!!

"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
 
OreosReally? You really can't think of a good answer by yourself. God help us all. Let's try....you're not in it for the money and you find the job/industry interesting. Fuck!!!

Yeah, haha.

A) That question seems highly unlikely to me.

B) More appropriate question which would require nearly same answer: Why do you want to work in IB (or w.e. industry)? Why this firm? Etc.

"History doesn't repeat itself, but it does rhyme."
 

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