Weekly IB Recruiting Brief

By Meridith Dennes

Deep thoughts on the investment banking recruiting market.... more

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FAQs about Weekly IB Recruiting Brief:

How many episodes does Weekly IB Recruiting Brief have?

The podcast currently has 13 episodes available.

Weekly IB Recruiting Brief episodes:

July 28, 2024Can Snoop Dogg Save the Olympics? Analyst Bonus Watch 2024 - Weekly IB Recruiting Brief
Key Points:
Economic Climate:
Stocks gained on Friday after a volatile week
New U.S. inflation data evaluated by investors
Fed funds futures market anticipating rate cuts for September, November, and December
Notable Events:
Bill Ackman's Pershing Square closed-end fund IPO postponed
Deal size reduced to $2.5-$4 billion range
Pricing expected next week
IB Recruiting Update:
25% of analysts received bonus figures (Japanese and Canadian banks, select independent advisors)
43% of bonus announcements expected in August (including Barclays, Goldman Sachs, Citi, Morgan Stanley)
Initial reports: analyst bonuses flat to down 10-15% compared to last year
Wider compensation bands, with top performers receiving higher payouts
Advice: maintain professional discretion regarding bonus discussions
Future Outlook:
Another round of layoffs anticipated in October
Gradual increase in mid-level hiring (Associate 2 to VP2) expected after Labor Day
Hiring trend dependent on continued positive M&A activity
...more
3min
July 20, 2024Green Shoots Again? Why this Time is Real
Green Shoots Again? Why this Time is Real
IB Sector Performance:
Q2 2024 was the strongest quarter since early 2022
Top five bulge bracket firms generated $8.2 billion in investment banking fees
40% increase year-over-year, potentially signaling an inflection point
Industry Perspective:
Characterized as "early innings" of a potential sustained recovery
Caution due to previous false starts
Ted Peck (CEO of MS) insights: Delayed recovery materializing, tempering inflation, normalizing rates
Current Recruitment Landscape:
Outlook: Cautiously optimistic
Firms focusing on integrating recent hires rather than aggressive new recruitment
PRP filled several roles in past 2 weeks, some urgent mandates remain
Anticipation of gradual increase in mid-level hiring (Associate 2 to VP2) after Labor Day
Hiring increase contingent on continued positive M&A trends
PRP Strategy:
Maintaining active dialogues with clients and high-caliber candidates
Positioned to act swiftly as market conditions evolve
Advice: Firms and candidates should stay prepared to move quickly when opportunities arise
Future Outlook:
Gradual increase in hiring expected
Those ready to act will have a significant advantage as market accelerates
...more
3min
July 16, 2024IB is 'Sort of' Back, Recruiting is Slow (Unless You're an MD)
IB is 'Sort of' Back, Recruiting is Slow (Unless You're an MD) – Weekly IB Recruiting Minute
Economic climate impact on IB recruiting
Q1 2024 revenue increases: JPMorgan Chase (46%), Citigroup (60%), Wells Fargo (38%)
Growth across advisory fees, equity underwriting, and debt underwriting
Recruitment scene remains subdued despite revenue surge
Market uncertainty persists
Banks integrating recent hires
Seasonal factors (summer vacations)
Compensation issues (reluctance to offer full-year bonuses for partial-year work)
Economic factors affecting recruitment:
EY Parthenon forecasts 20% increase in US corporate M&A activity for 2024
Potential headwinds: high interest rates, debt refinancing focus, IPO market concerns, geopolitical instability, reduced private equity activity
Shifting recruitment trends:
More selective and strategic hiring
Focus on specialized expertise (e.g., software M&A, healthcare services, life sciences, restructuring)
Emphasis on adaptability and diverse skill sets
Advice for candidates:
Develop diverse skills
Stay attuned to evolving market needs
Focus on adaptability
...more
5min

FAQs about Weekly IB Recruiting Brief:

How many episodes does Weekly IB Recruiting Brief have?

The podcast currently has 13 episodes available.