Is there a high demand for investment bankers?

Prepwise AnswersCategory: Finance CareersIs there a high demand for investment bankers?
Career Dev Staff Staff asked 9 years ago

Is there a high demand for investment bankers?

1 Answers
Career Dev Staff Staff answered 9 years ago

Bear in mind that the future of financial markets, and consequently that of investment banking, is inextricably linked to the direction in which the economy is headed. Therefore, turbulent economic times spell job insecurity for investment bankers. The latest credit crunch and economic downturn have jeopardized thousands of investment banking jobs. While Citigroup is preparing to layoff employees from its investment banking operations across the globe, Goldman Sachs has downsizing its investment banking division by 10%.

With bulge bracket firms continuing to announce layoffs, there are likely to be fewer job openings in the near future, resulting in fierce competition. Even when the number of job openings grow, the demand for investment banking jobs will remain high, since the potential for massive compensation and the promise of a lavish lifestyle help investment banks attract the best talent.

Investment banking is at the nexus of some of the most significant deals. The prediction is that investment banking hiring will surge the moment the economy begins to bounce back. Now, once the positive movement begins, count on stiff competition continuing for those who choose to pursue a career in investment banking.