A few senior moves this fall say a lot about how banks think about talent right now. Goldman Sachs hired Joseph Servi, SMBC’s co-head of asset-backed securities and head of digital infrastructure and esoteric ABS origination, as a managing director in AI...
Every fall, bankers ask us some version of the same question. The deal tape looks better. Profits are up. Why is my bank still talking about cuts? This year the question is sharper. Barclays says it will cut about 5,000 roles in 2026, roughly 5% of a workforce of...
When a managing director resigns, the vice presidents and associates who worked most closely with them often wonder whether they will be asked to follow. In many cases they are not, and even when they are, whether they can make the move depends on factors largely...
What slower fundraising and stuck exits mean for private equity hiring, and for bankers planning a move to the buy side For most analysts and associates, private equity is still the default next step. It is also where the pipeline is tightest. U.S. PE deal value fell...
In banking, the more senior you are, the shorter your emails get. It is a running joke on every deal team, and it is also a fairly precise description of how the job changes, and of what juniors get wrong when they try to skip ahead. Every banker knows the pattern....
Lateral candidates often talk about “my clawback” when they think about what it would cost to leave. Usually, what is holding them in place isn’t a clawback at all. It is deferred comp. The difference matters, because hiring banks treat the two very...
