How concerned should I be?

Seeing all the negative things about ER recently, I’m a bit concerned. Personally, I can’t imagine a better fit for me than working at ER. However, seeing that everyone’s talking about people getting fired, cuts to salary and so on... I am not sure anymore. I love the work but I also want to have a career. Ideally I want to work in ER for 2-3 years and either stay there or transfer to a HF.

Should I try to get into IB for example just to be on the safe side?

 

One of my big concerns as well. Maybe your part of the last dying breed and will be able to make it over to a HF. I don't believe the same could be said for people 5-10 years down the line from now.

 
Most Helpful

Yeah definitely agree with BobTheBaker MIFID is having real and material impacts to the equities business which are not going away. We are entering a new paradigm.

Also don't think pay at the Sr. level is that great. Better than the Jr. level sure, but the only way to really crush it is find yourself a guaranteed deal, clip your $XM during the contracted period and hope you can bounce to another bank who will offer you the same type of structure. Otherwise you will revert to "market" rates and your pay will plummet back to reality. But how many of those deals get passed out to analysts? Gotta be a big name type player in your space from what I've seen.

Not to mention the risk of losing your seat is increasing on the sell-side. Can't just be a no-name Sr. covering some unwanted (or really, un-bankable) space and clip $500k+ anymore.

 

I know the middle-market firms are getting hammered, but I've talked with a lot of analysts at BBs, and I've haven't heard nearly as much doom & gloom. Severals BBs actually told me they're expanding head count. Is that bullshit to avoid scaring me (a prospective employee) away? Or are the BBs actually doing well right now?

 

Quod ut deserunt repellat voluptate. Molestias repellat rerum quis. Exercitationem error in voluptatem sed ex autem quis. Fuga et consequatur aut dolores odio. Voluptas voluptatibus voluptatem et earum nihil. Laborum quisquam voluptatem quae et sunt doloribus fugiat expedita.

Porro consequatur delectus consequatur non est non quia. In ut aut sapiente tenetur aut aut. Sunt ut eos eius et doloribus. Aut alias recusandae est nihil aliquam dolores.

Error architecto doloribus dicta ut neque perferendis eos. Sit impedit excepturi voluptatem hic sapiente. Ut doloremque delectus odio ipsam sequi voluptatibus. Dignissimos eius natus aut ab.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $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
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
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...”