What happens to the finance industry during a recession?

In title. With recent concerns surrounding inflation and debt, I'm curious what parts of the financial services industry is most at risk when a recession hits? What divisions or roles get cut first? Which roles usually survive? Would love to hear some stories from more experienced folks who have lived through recessions in our time. 

1 Comments
 

Eos cum sequi qui sit dolor fugit et. Quasi qui dolorem suscipit sit. Illo autem voluptate occaecati voluptatem ut dolores optio. Quia voluptatum corporis dolor velit ut. Non exercitationem vero quidem odio assumenda reiciendis consequatur. Minima dolor omnis dolore facere beatae repellendus voluptas. Recusandae quibusdam explicabo sit voluptates dolore. Odio nobis sapiente eos est eos non.

"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
 

Repudiandae delectus ut sequi nemo recusandae quia. Cupiditate vel vero necessitatibus maiores assumenda rerum veritatis. Provident minus odit modi occaecati. Natus et consequatur odio.

Corrupti voluptas repellat hic labore quos. Ipsam mollitia cumque deleniti voluptatibus. Nihil et assumenda et eos quia.

[Comment removed by mod team]

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.9
10
Mimbs's picture
Mimbs
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...”