| Topic Name: |
Getting into Investment Banking |
| Message Name: |
more i-bank layoffs? |
| Date Posted: |
07/18/2002 |
| In Reply To: |
NYC I-banks have been laying off like crazy, with rumors of another 15-20% reduction in total industry staffing yet to come.
I'm a graduate of an ivy league b-school that historically sends many of its grads to i-banking.
I would say that between 20-30% of all recent alumni (back to about 1995) are currently unemployed. Recruiting was down significantly in 2002.
WHich doesn't mean it would be impossible - just that you have long odds.
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| Message: |
NYC I-banks have been laying off like crazy, with rumors of another 15-20% reduction in total industry staffing yet to come.
Can you substantiate this rumor? Thanks!
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