The short answer Banks are still shrinking headcount, but mostly through performance-based cuts and other quiet tools, not classic reductions in force (RIFs). The two are different decisions. A RIF eliminates positions. A performance-based cut removes a person, and...
As predicted: this cycle’s summer analyst return-offer conversion is looking uneven. Wall Street Oasis threads describe some banks reportedly landing well below 70% — down from what’s typically a 70-90% range — and the explanation candidates say...
Rogo raised its latest round at a valuation that pushed the company past $2 billion. The pitch, repeated across every piece of coverage, was simple: banks run leaner. Fewer juniors needed. The model-building, comp-pulling, deck-formatting grunt work that used to...
What Investment Bankers Can Actually Expect to Earn in 2026 | Prospect Rock Partners Record bank earnings and the biggest bonus upgrade in years tell one story. A wave of headcount cuts and a boutique that just posted a 91% net income drop in a boom quarter tell...
Why Recruiter Outreach Misses the Mark | Prospect Rock Partners Prospect Rock Partners Submit Resume → Candidate Database Refresh Why Recruiter Outreach Misses the Mark — And What We're Doing About It If you've spent any real time in investment banking, you've had...
In investment banking, almost nobody leaves a seat cleanly. There’s a reorg, a desk gets consolidated, a staffing model changes, a relationship sours, or performance falls short of an increasingly moving bar. Whatever actually happened, what matters to the next...
