Terrible time to pursue IB?
Seeing the aftermath of the recent decline in banking and economic uncertainties play key roles in the decline of the revenue of investment banks leading to industry-wide layoffs, I was wondering if the current macroeconomic conditions would severely inhibit my chances of breaking into the industry, and whether SA offers are expected to be much lower this summer than previous years. For context, I am a rising sophomore studying at a semi-target in the South (Duke, Emory, Vandy). Any input/advice regarding breaking into the field during these times would be greatly appreciated!
Class of 2025 (Summer 2024) people probably got shat on the most. Next cycle doesn’t seem to be great either, but probably not as heinous as last spring. And with all things considered, placement wasn’t as horrid as it seemed last cycle. So it’s totally doable, especially from a semi-target or target school. Might not be your first choice, but if you have solid grades, extracurriculars, internship experience, and can handle yourself during interviews, you should be able to place somewhere respectable.
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