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Why Lateral Recruiting in Your Promotion Year Almost Never Works

Why Lateral Recruiting in Your Promotion Year Almost Never Works

by meridith dennes | Dec 3, 2025 | Interviewing, Lateral Recruiting

Why Recruiting as AN3, ASO3, or VP3/4 Is Risky—And Why 2025-2027 Makes It Worse You’ve put in the years—closed deals, pulled all-nighters, proven yourself. Now you’re in your promotion year and thinking about making a move. Maybe you want a better...
The Great Poach: How Wall Street’s Elite Banks Are Raiding Each Other for Proven Talent

The Great Poach: How Wall Street’s Elite Banks Are Raiding Each Other for Proven Talent

by meridith dennes | Nov 18, 2025 | Interviewing, Lateral Recruiting

As deal pipelines strengthen and attrition looms, elite banks are abandoning passive recruiting to aggressively target proven performers from direct competitors. The lateral recruiting market for investment bankers has entered a new era—one that looks nothing like the...
The $400B AI Spending Spree Hits a Wall: Why Your IB Job Might be Safer Than You Think

The $400B AI Spending Spree Hits a Wall: Why Your IB Job Might be Safer Than You Think

by meridith dennes | Nov 2, 2025 | Interviewing, Lateral Recruiting, News

The numbers are staggering. Tech giants Microsoft, Meta, Amazon, and Alphabet are on track to spend nearly $400 billion on AI-focused capital expenditures in 2025, with Morgan Stanley projecting an additional $2.9 trillion in AI-related investment between 2025 and...
OpenAI Just Hired 100 Ex-Bankers to Replace You: Here’s the Timeline

OpenAI Just Hired 100 Ex-Bankers to Replace You: Here’s the Timeline

by meridith dennes | Oct 21, 2025 | Compensation Trends, Interviewing, Lateral Recruiting, Summer Internships

What Happens When Banks Can License AI Instead of Hiring You? If you’re an investment banking analyst—or planning to become one—here’s what you need to know: OpenAI has assembled over 100 former bankers from JPMorgan, Goldman Sachs, Morgan Stanley,...
Beyond Goldman’s 1,000 Layoffs: How AI Could Reshape Investment Banking Compensation and Careers

Beyond Goldman’s 1,000 Layoffs: How AI Could Reshape Investment Banking Compensation and Careers

by meridith dennes | Oct 15, 2025 | Interviewing, Lateral Recruiting, Layoffs, Summer Internships

Image Credit: NY Post The Paradox On Tuesday, Goldman Sachs posted results that most banks would celebrate without qualification: profit up 37% to $4.1 billion, revenue climbing 20% to $15.18 billion, investment banking fees surging 42%. The firm is on track for its...
Wall Street’s MD Hiring Spree May Freeze Promotion Pipelines Through 2027

Wall Street’s MD Hiring Spree May Freeze Promotion Pipelines Through 2027

by meridith dennes | Oct 13, 2025 | Interviewing, Lateral Recruiting, Layoffs

Wall Street’s MD Hiring Spree May Freeze Promotion Pipelines Through 2027 A recent wave of lateral recruitment has expanded MD ranks across the industry—and two-year guarantees protecting new hires could constrain advancement at multiple levels Investment banks...
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Recent Posts

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  • JPMorgan First to Deploy AI Bank-Wide as Wall Street Braces for Biggest Workforce Shift
  • The End of the Suffering Premium: AI, Hours, and the Future of the Banking Bonus
  • Investment Banking Lateral Market Update: Offer Terms, Compensation Structures, and What It Actually Takes to Get Hired Right Now.
  • How Investment Banking Lost Its Perks — and Why the Next Recovery May Not Bring Them Back
  • Why Wall Street’s Summer Recruiting Slowdown May Take This Summer Off
  • JPMorgan First to Deploy AI Bank-Wide as Wall Street Braces for Biggest Workforce Shift
  • The End of the Suffering Premium: AI, Hours, and the Future of the Banking Bonus
  • Investment Banking Lateral Market Update: Offer Terms, Compensation Structures, and What It Actually Takes to Get Hired Right Now.
  • How Investment Banking Lost Its Perks — and Why the Next Recovery May Not Bring Them Back

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