so, they are barely hiring this year and only a selected few got into banking this year. what do you guys think will happen to those people in the near future? i mean, i dont think they can be fired since most banks hired the minimum and in two more years, the economy will recover and PEs will be hungry for analysts with banking experience, and on the other hand, the same banks (especially in London), will try to retain those analysts so that they become associates.
what do you expect the bonuses and salaries to be in the next two or three years for those that just got into banking?
I'm so glad you have a crystal ball. Now we can all sleep in peace knowing that the economy will recover in exactly two years!
/sarcasm
I'm not going to even ask you what "PEs" is.
you dont think the economy will be better in 2011 or 2012?
Toiyjam:
I don't think this thread is going to yield any definitive answers. I hope your predictions are correct!
Everyone has a different view. I think that banks will start to lend by the second half of this year and we'll see some positive signs in 2010.
*Crossing fingers
I am very interested in this as well. With the understanding that this situation cannot come close to being compared to the dot com bubble or any other downturn for that matter, what do you predict for those who will make it through? In other words, how much of an advantage will analysts breaking in now have in a few years with exits and grad school?
Not much more than any other time... Don't forget about the thousands of experienced people who were laid off over the past year that will be just as competitive candidates
It really depends on the group and firm, with more emphasis on the former. If health care, for instance, becomes huge this summer, then if you are in that group your bonus will likely be high if you are a good performer. But, I really don't think you can generalize, because some sectors and firms will do better than others.
It really depends on the group and firm, with more emphasis on the former. If health care, for instance, becomes huge this summer, then if you are in that group your bonus will likely be high if you are a good performer. But, I really don't think you can generalize, because some sectors and firms will do better than others.
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