IB Post-COVID

I am curious how or if you expect banking to change post-COVID. Do you see more flexibility in terms of WFH policies? or maybe allow bankers to work from home over the weekend?


What are your thoughts?

 

During my internship my staffer made it clear that going forward she would certainly prefer to work from home more. Feel like it should be a bit of a trend especially for senior associates and above.

Only need to come in for client meetings etc.

 

I am really curious to see how NY ends up after this.  We may see the rise of more secondary locations for banks, Which ends up going along with the more flexibility.

Also there were a few banks that launched their middle market practices right before the Pandemic.  Late 2019 if I am remembering correctly.  I think with Covid this was a solid move, but I am curious to see how these groups affect the market in the next 5 years.  I find it hard that a top bank would charge less for a deal in the MM, but I could see it applying pressure to regional banks to drop fees.  

 
Funniest

WFH rigs will become more intense. I'm predicting top bucket analysts to have developed workstations with 18 8K monitors, 9 keyboards, 5 XBOXs, and 3 Razer mice with buttons mapped to various shortcuts. By 2030, in order to get top bucket you'll most likely need cybernetic implants to keep up with your peers.

 

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