The First Cut is the Deepest? Nepo Babies & ESG Greenwashing, Celebrating 80-Hours Work Weeks

In this week's IB recruiting brief, Meridith Dennes discusses the impact of the current economic climate on investment banking recruitment. The conversation covers mixed economic indicators, such as potential interest rate cuts and market dichotomies, and their effects on hiring trends. There's a focus on 'quiet layoffs' impacting mid-level bankers, promotion bottlenecks and senior originator hirings. The episode also highlights new policies by major banks to combat junior banker burnout and sector-specific activity levels, emphasizing the importance of recognizing talent at all levels.

00:00 Introduction and Economic Overview

00:29 Market Trends and Developments

00:56 Impact of Media on Wall Street 01:19

Quiet Layoffs and Recruitment Trends

02:14 Cultural Shifts in Investment Banking

02:35 Sector Activity and Career Challenges

03:06 Conclusion and Final Thoughts