This is hilarious are you kidding?
People's jobs are being cut, IB is shrinking away from full service banks (What you lot call bulge brackets), and you still fucking care about prestige? Kids you're lucky to get ANYTHING in this market. This is market wide, no target, semi target or whatever categories you put yourselves in are safe. This isn't funny or good for anyone - don't joke about it. And FYI - you won't go to a megafund anyways, you'll decide you want to have 8 hours of sleep eventually and chill.
As per the RX interns happy about this - grow up. Just because you'll have more deal flow doesn't mean that this isn't bad. Recessions hit everyone. This is going to hurt so many more people while our government hyper fixates on whether tiktok can control airplanes.
I admit I voted democrat, but holy shit this presidency has taught me that they're focused on the most retarded shit ever.
Dude the republicans care about gay people in libraries while an entire financial system is crashing, everyone is so fucking focused on ethical debates theyre ignoring the barrel of the gun that's at their temple
Fair point, but between the two parties I've noticed democrats tend to completely ignore financial system problems. Both are morons if we're being honesty
100% agree. American retail politics are so disconcerted from reality it's insane. Lots of it probably has to do with having a poor education system and a spoiled, narcissistic population. Like imagine trying to explain yield curves to some rando you meet at Walmart. Much easy to bash "Chy-na"or complain about drag queen story hour.
Dude whose controlling the Senate and Presidency? Dems care about dIvErSiTy and Pride Nights while an entire financial system is crashing, everyone is so fucking focused on ethical debates theyre ignoring the barrel of the gun that's at their temple
Tbh all politicians care about is filling their pockets. 99.99% of them are corrupt af and will rile up masses to get votes in their favor.
Dems are libshits that ruin cities with their woke virus political correctness. Look what they did to SF - capital of drugs, muggings, carjackings, homeless, you name it. Nice!
Republicans are religious nuts that value assault rifles above anything. Education in the South rivals some 3rd world shithole you vaguely remember from 5th grade geography
Where was your sympathy when hundreds if not thousands were laid off in the name of "synergies" on deals you've worked on?
You're only upset because it might hurt you. Compassion was never a factor. Don't keep pretending it is.
May be one of the best comments I've ever read on WSO.
So... you want a bailout? I couldn't really figure out the point of your meandering rant, except that you seem to want someone to guarantee that you won't lose your cushy high paying job.
I think he's trying to talk about recruiting if I'm not mistaken
Hm. The mention of government focusing on things he doesn't agree with sort of gave me the impression he was hoping Washington would spend time + money to create the conditions which would allow him to stay (or become) employed. Bailout wasn't the right term... but it's still special pleading
Precisely. Get ready for the "we need to protect the economy and jobs!" with the solution being billions and billions of taxpayer dollars that should go towards social programs being redirected towards the same Wall Street bankers who have been laying off jobs and consolidating the economy all this time.
Also it seems like all talk about the "free markets" and "capitalism" seem to vanish around this time. When corporate margins were growing, and the average consumer getting hurt all I read was "free markets" non-stop on this forum. Now people are asking for help from big Daddy government.
I remember a phrase you wrote on the past on 08 mentioning that bankers "socialized losses and privatized profits" and it's spot on here.
Yes, it was stomach-turning to read all the venture capitalists and SVB execs and everyone else in their orbit suddenly turn from capitalist pioneers who shouldn't be shackled by government regulation into whining children who suddenly were so crucial to the national economy that they needed a bailout. I disagree with a great deal of Mr Biden's policies, but his "that's not how capitalism works" line was honestly kind of a zinger, at least compared the usual anodyne fare you get from politicians.
And while I'm glad you recall that, I can't exactly take credit for the phrase! That one has been around since at least the GFC.
"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
Damn he really @ all those RX interns
2023 INVESTMENT BANKING PRESTIGE RANKINGS - OFFICIAL
CS employees are going to be in tier 2a fairly soon
Wow, promotion in the ranking, good for them
Did all of us just ignore the fact that McKinsey (consulting firm - the mastermind of layoffs and king of corporate restructuring) laid off their own consultants? That has got to be the funniest shit ever. Stagflation is here to stay. Inflation will be with us for a long time, alongside volatile interest rates, high unemployment, equity market trading flat for a long time (lost decade) , low growth. Yet college kids will still flock to rate-sensitive sectors like investment banking and equity research.
You know what? No one will give a fuck as long as retail investors continue to dump their life savings on 0DTE. The market has become a huge gambling den.
Better go study a real trade or get an engineering major (especially electrical engineering or chemical engineering and go into energy/semiconductor). Rich-cession or white collar recession will be the trend for the next 5 - 10 years. Do something that creates value, not become parasites
Why do you say all this and then go into ER?
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