Question: How does that change in the investment banking industry affect professionals looking to enter it?
Answer: The aforementioned effects of the recent economic downtown (and its impact on the public image of investment banks), may have an impact on professionals looking to enter the business, but it is most likely that such effects are relatively minor to the hiring of new entry level bankers. As such junior bankers were not accustomed to the “old ways”, the changes (such as more moderate travel and entertainment policies) are not likely to seem out of the normal to the young bankers. At its core, banking is still focused on providing advisory and capital raising services to corporate clients.
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