Investment Banking Bonuses: What to Expect in 2024

Meridith Dennes discusses the current economic climate and its impact on investment banking recruiting. The episode covers potential bonuses for 2024 influenced by JP Morgan's positive economic performance, despite macroeconomic risks highlighted by Jamie Dimon. There is a surge in corporate M&A for VC-backed enterprise software firms. Hiring in healthcare, M&A, and elite boutiques is increasing, with a focus on candidates with strong technical skills and closed M&A deal experience. Although Wall Street bonuses are projected to rise, disparities may exist, with high-level executives receiving larger shares. Listeners are encouraged to connect with Prospect Rock Partners for networking and career support.

00:00 Introduction and Economic Climate Overview

00:18 Investment Banking Bonuses and 2024 Expectations

00:26 Current Economic Indicators and M&A Activity

01:35 Job Listings and Hiring Trends

02:38 Compensation Projections and Disparities

03:41 Closing Remarks and Networking Tips