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....
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...
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...
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...
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....
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....
