MARKET UPDATE
The market is slow. It is August and we are entering the back half of a slow year. I could sugar coat it and cut and paste a bunch of headlines about rate cuts, the over used term “dry powder” and how banks are ramping up for Q1 2025 but that would be boring, and way over done. I love investment banking recruiting, and I am incredibly grateful for the success we have had so much so I owe you all more than just sending out a newsletter that does what all the other newsletters do. You also deserve a realistic view of the market and not just a bunch of cut and paste with a different logo.
This video will make you laugh (I hope)
@vern2mikeloving #laughingisliving #goodtimes
Here is my assessment of the market
1- If you are unemployed and have an offer- take it!
2- Do not resign your job unless you have another.
3-There will be an increase in hiring from 9/3/2024-10/31/24 and again in mid Q1 2025.
Words of Wisdom
If you were let go from your bank as part of a work force reduction, it is best to be truthful with prospective employers about your situation. Telling employers you resigned when in fact your job was eliminated is not the best strategy. When being let go, senior bankers may advise you to tell the market you resigned, when in fact you were let go. My advice, is to be honest. Layoffs are plentiful the last few years, and resigning without another job in hand is a questionable decision in this market.
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