Resource Center

Resource Center

Recruiting news and insights on the current job market.

 

2023 Investment Banking Compensation Report

2023 Investment Banking Compensation Report

The published 2023 Investment Banking Compensation Report by Prospect Rock Partners provides a comprehensive analysis of compensation trends across investment banking. Based on responses from almost 1,000 investment banking professionals (representing 98% of total respondents), the report offers valuable insights into how compensation has evolved since 2022.

Why F-1 STEM OPT Students Can Finally Breathe Again: What the October Clarification Really Means

Why F-1 STEM OPT Students Can Finally Breathe Again: What the October Clarification Really Means

The October 20, 2025 USCIS clarification confirmed that F-1 students already in the US (including those on OPT/STEM OPT) are exempt from Trump’s $100,000 H-1B fee when filing for change of status—meaning banks can still sponsor them for the traditional ~$5,000 cost instead of the prohibitive amount required for offshore hires. While this doesn’t make international students more attractive than domestic candidates, it restored the pre-September baseline of “difficult but workable” after September’s announcement made the path seem nearly impossible, though banks remain cautious and are currently focused more on protecting existing international employees than aggressively hiring new ones.

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

Goldman’s AI-driven layoffs despite record profits expose investment banking’s most uncomfortable question: if AI now handles 95% of analytical work, why pay junior bankers $200K—and what happens to talent quality, skill development, and competitive dynamics when compensation potentially drops 30-40% while the work shifts from learning traditional banking to supervising AI output?

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