Investmentbanking: Young Bankers are More Than Just a Resource: Investment banking has always been a tough place for young professionals. The industry is once again going through a lean period, but this time it… Investmentbanking pipeline transaktions
«I remember that young investment bankers were often regarded as a resource that had to be available at all times,» says Urs Raeber. A veteran of the profession since the 1990s, has been running Deutsche Bank's investment banking business in Switzerland for more than ten years. Compared to back then, he now tells finews.com, the way he deals with the junior staff has changed a lot.
But last year was the end of the line. By November 2022, global M&A deals worth just over $3.4 trillion had been completed, meaning, as a rule of thumb, fees in the capital markets and M&A business in 2022 will have fallen by around 40 percent compared with 2021. This is not without consequences. This January, Goldman Sachs, a heavyweight among Wall Street banks, is expected to cut up to 4,000 jobs, setting the tone for the competition as well.
In the meantime, the structures have also shifted, following Raeber from Deutsche Bank in Switzerland. «The deployment of young staff is now much better planned than it used to be,» he says. There are still weekend assignments, now arranged in advance whenever possible, and the workers are kept informed. «Likewise, we try to reduce idle time in operations and increase visibility for everyone,» Raeber says.
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