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Just got dinged from my dream job
Feels bad man
Any good monitor recommendations?
How bad will this recession be? Worse than 2008?
Hi all,
I’m currently a risk consultant (~6 months) within financial services at PwC and very interested in IB for its work around strategy and finance. I was wondering if anyone can offer any insight on whether I should try and switch now while I’m early in my career (graduated in 2020) or should I aim to get into IB after MBA in 4-5 years? Thanks! Citi JPMorgan Chase Morgan Stanley Goldman Sachs
They won’t stop recruiting juniors. Normally the underperforming VPs and directors get cut. Certain groups will get cut more than others - think ECM, tech, maybe lev fin. It also depends on bank - m&a only banks will get hit harder than balance sheet banks that can make money on other products. Just remember that recessions are normal and only last ~18 months. I think as juniors were pretty safe. This isn’t 2008.
Thank you so much for taking the time to answer. I.e aiming for balance sheet banks as a analyst in corporate finance is still very viable despite the market conditions?
Can’t say anything for sure at this moment.