Bonus Freeze -> Hiring Freeze?
Don't want to turn anyone off but the banking pay will be rubbish for the next 3 years at least especially with the LIBOR and interest rate swap scandals - bonuses aren't going to be great. That said, at the junior level you will be less affected.
Do you think more people will start looking for alternative careers, given that many go in to pay off debts/earn lots of money etc? What will they (you) choose? Or will they (you) stick to IBD because of the non-monetay reasons (??)