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Hi folks, Have been approached for a role at EY in London and while seems interesting, it's the other end of the table - so no real view on actual remit (vs. descriptor) and comp.
The role is a BD Account Manager (Private Equity) - anyone with an idea on comp and expectations, would be appreciated!
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Increased leverage in the corporate sector. A majority of companies have an unsustainable debt load at higher interest rates, more than half are utilizing 2/3’s of EBITDA for interest payments. These interest payments will only increase due to floating rates or refi’s. FED will continue hiking as wage growth continues to rise - it is running below normal (productivity + inflation). Stronger dollar is also headwind for corporates given the portion of revenues generated abroad. Consumers look good this cycle
You get hit by the bus you didn’t see coming
Economic cycle is in a good place. Long term economic fundamentals are in a bad place
I think the problem is that there are a bunch of different ideas as to what the main factor in the recession will be. Student debt? Subprime auto loans? Resurgence of subprime mortgages? I’ll be more concerned when the opinions converge and target a specific cause
I don’t believe in a GDP driven recession but in An ‘EPS recession’ in the next couple of years, where combined earning of S&P companies shrink