Life Gonna Be Harder for Juniors
Let me tell you this sad fact: this industry is systematically shrinking. All jobs gone won't come back. There will be more funds closing than opening in future. Less new jobs will be created. More smart people will fight for an investment or trading job. Tons of people will get laid off, especially those work in European banks.people who already work in industry will get paid less in future because a few big companies take all market share. With increasing level of automation and less competitors companies simply don't think they need to pay you more. Simple supply and demand problem. Investment jobs are still going to exist except gonna be harder to get and you get paid less. Even you have a niche skill you will see less players in that market so your pay won't raise.
you need to understand one simple thing, if you want a good pay, you have to work in an industry where new jobs are consistently created.
Maybe it is time to force big companies to break up so more jobs are created?
You shouldn't feel surprised. Same story happened to every other mature and commodizited industry. No exception in finance industry.
involution is inevitable.