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Harrison Rush Rush/ Firedrill Investment Banking Recruiting News
A Brief, Reliable, Rundown of the Investment Banking Recruiting Market
Tom Rush
April 29, 2024
MARKET UPDATE
Most of the movement is at the senior levels. Banks continue to focus on the hiring of senior bankers who can generate revenue and fill strategic gaps in coverage areas. This is a response to the market and the mass movement of MDs in 2023. As deal flow picks up the focus will move to execution support and the more junior levels.
SOME EARNINGS NEWS AS REPORTED BY BLOOMBERG & REUTERS
Deutsche Bank quarterly revenues were up 10% and Investment Banking revenues were up 13% The German Lenders investment Bank toppled the retail division with this outstanding quarter.
Bank of America had a 35% increase in investment banking revenue toppling analyst expectations.
The Investment Bank at Truist crushed analyst expectations giving the Charlotte based lender a nice earnings boost.
PEOPLE MOVES
Piper Sandler has hired star Fin Tech Bankers Kegan Greene and Rob Freiman. A solid pick up for the firm.
Cantor Fitzgerald has hired the B. Riley Capital Solutions team for their new Capital Solutions group. Managing Directors include Travis Hogan and Tim Bottrell.
WORDS OF WISDOM
The investment banking recruiting market is showing signs of life but it is still slow. If you are unemployed and you get a job offer it is prudent to accept the role under these conditions:
It is in Investment Banking and you want to stay in Investment Banking
You are not being asked to take more than a 2 year step back
It is a good cultural fit
The new role will not have a negative impact on your family
HOT JOBS
I wish everyone well. I am happy to help.
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