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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....
Why the Lateral MD Hiring Spree Is Your Promotion Problem

Why the Lateral MD Hiring Spree Is Your Promotion Problem

by meridith dennes | Apr 28, 2026 | Lateral Recruiting

The headlines this winter looked like good news for anyone waiting on a promotion. Goldman Sachs named 638 new managing directors in November — the biggest class since 2021. JPMorgan promoted 227 in its commercial and investment bank in April 2025, the largest CIB...
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...
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

  • How Investment Banking Lost Its Perks — and Why the Next Recovery May Not Bring Them Back
  • Why the Lateral MD Hiring Spree Is Your Promotion Problem
  • Pigeonholed, Pivoting, or Stuck? A Banker’s Playbook for Switching Groups Inside Investment Banking
  • What a Below-Market Bonus Does to Your Next Move in Investment Banking
  • The GPA Problem in Finance: Where the Door Is Open and How to Walk Through It
  • How Investment Banking Lost Its Perks — and Why the Next Recovery May Not Bring Them Back
  • Why the Lateral MD Hiring Spree Is Your Promotion Problem
  • Pigeonholed, Pivoting, or Stuck? A Banker’s Playbook for Switching Groups Inside Investment Banking
  • What a Below-Market Bonus Does to Your Next Move in Investment Banking
  • The GPA Problem in Finance: Where the Door Is Open and How to Walk Through It

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