Anyone planning to leave investment banking eventually considers going out in style. Wall Street has a long tradition of people who did. The ones who left quietly tend to have done better. The Op-Ed On March 14, 2012, Goldman Sachs employees opened the New York Times...
On October 8, Kevin Sneader, who runs Goldman Sachs’ Asia-Pacific business and sits on its Management Committee, told the Milken Institute Asia Summit in Singapore that the bank’s new joiners now manage AI agents from the day they start. According to...
Wall Street is having a big year, and busy desks need people. New York City securities employment reached 207,400 in 2025, the highest level since 2000, and preliminary data show about 5,300 more jobs added so far in 2026. JPMorgan alone has hired more than 1,000...
For investment banking professionals exploring a lateral move, one of the biggest mistakes we see in the market is applying directly to every interesting opening that appears online. It may seem like the obvious approach: it’s 3 a.m., you’re miserable, and you’re...
2026’s record M&A totals are coming from a few dozen giant deals. The middle market runs on a different engine: sponsor-backed processes with repeat professional buyers, lenders and add-ons. Deal counts there are down, deal sizes are shrinking and fees per...
The short answer Banks are still shrinking headcount, but mostly through performance-based cuts and other quiet tools, not classic reductions in force (RIFs). The two are different decisions. A RIF eliminates positions. A performance-based cut removes a person, and...
