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How Investment Banking Lost Its Perks — and Why the Next Recovery May Not Bring Them Back

How Investment Banking Lost Its Perks — and Why the Next Recovery May Not Bring Them Back

by meridith dennes | May 5, 2026 | Interviewing, Lateral Recruiting, Summer Internships

Investment banks are having a good run. Revenues are strong, bonuses are up, and deal flow is recovering. Junior bankers’ benefits have been stripped back anyway — and the conditions that might once have forced their return look structurally weaker than before....
Pigeonholed, Pivoting, or Stuck? A Banker’s Playbook for Switching Groups Inside Investment Banking

Pigeonholed, Pivoting, or Stuck? A Banker’s Playbook for Switching Groups Inside Investment Banking

by meridith dennes | Apr 24, 2026 | Interviewing, Lateral Recruiting

A VP2 in FIG at a bulge bracket calls me. Forty billion in deal volume on his sheet. Stacked resume. Top school, top group, top bank. He wants to move to generalist M&A at a peer shop. He can’t get a callback. Not from the banks. Not from the headhunters who...
What a Below-Market Bonus Does to Your Next Move in Investment Banking

What a Below-Market Bonus Does to Your Next Move in Investment Banking

by meridith dennes | Apr 21, 2026 | Compensation Trends, Interviewing, Lateral Recruiting

Every year, M&A bankers at every level — analysts, associates, VPs, Directors, MDs — find out their number, see it is smaller than they expected, and spend the next forty-eight hours refreshing the anonymous banking forums, texting a peer at a competitor for...
15 Students Just Sent Me The Exact Same “Cutting Your Teeth in Finance” Cold Email. Let’s Talk About AI and Networking.

15 Students Just Sent Me The Exact Same “Cutting Your Teeth in Finance” Cold Email. Let’s Talk About AI and Networking.

by meridith dennes | Apr 12, 2026 | Campus Recruiting, Interviewing, Summer Internships

It’s 7:50 AM on a Tuesday. Coffee hasn’t kicked in. Inbox open. And there it is — email number twelve this week from a student who wants to “cut their teeth” in markets and wants me to know, with full confidence, that I “probably...
If, When, and How to Negotiate an Offer in Investment Banking

If, When, and How to Negotiate an Offer in Investment Banking

by meridith dennes | Apr 11, 2026 | Interviewing, Lateral Recruiting

This guide covers the full landscape of investment banking offer negotiation — when to engage, what can actually move, how to read your leverage, and what the realistic risks look like.  The Single Most Important Principle Negotiation is not automatic or universal....
How to Turn Down a Job Offer in Investment Banking Without Burning Bridges

How to Turn Down a Job Offer in Investment Banking Without Burning Bridges

by meridith dennes | Apr 9, 2026 | Interviewing, Lateral Recruiting

Every banker, at some point in their career, will need to exit a process or decline an offer. It is one of the most routine yet most poorly handled moments in professional life. Done well, it preserves a relationship that may matter significantly later in your career....
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Recent Posts

  • Your Gateway to Finance: Early Insight Programs for 2027
  • Exiting Is a Decision, Not a Default: Rethinking the Banker’s Exit in the Year of the Bank
  • Rolling Layoffs and Talent Upgrades: Are RIFs a Thing of the Past?
  • Bankers Can Spot AI in a Heartbeat: Why It’s a Minefield in Investment Banking Interviews
  • Rogo Was Supposed to Shrink the Junior Class. Instead It’s Creating More Work for Associates and VPs.
  • Your Gateway to Finance: Early Insight Programs for 2027
  • Exiting Is a Decision, Not a Default: Rethinking the Banker’s Exit in the Year of the Bank
  • Rolling Layoffs and Talent Upgrades: Are RIFs a Thing of the Past?
  • Bankers Can Spot AI in a Heartbeat: Why It’s a Minefield in Investment Banking Interviews
  • Rogo Was Supposed to Shrink the Junior Class. Instead It’s Creating More Work for Associates and VPs.

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