Hey guys, just wondering: are people with phd degrees almost never laid off in a mass IB lay off round?
All my college friends who had worked as IB analysts athave been laid off by now. All of them. Except for one of my old TAs. He's now 28 with a PhD in computer science who worked in the investment banking div at barclays as a quant analyst. has had no prior professional experience in finance or even in his own field, comp sci. i also have a family friend who is 32 yrs old with a phd in operations research who works at in their investment banking div and despite everyone on his team pretty much being laid off, he's still there.
are phds immune (relatively) from layoffs or something?