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Why Investment Bankers Are Becoming A Dying Breed

11/12/2019

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Picture
An Investment Banker is someone who is primarily concerned with raising capital for corporations, governments, or other entities. Pre subprime mortgage crisis, banking firms provided many perks to investment bankers including mind-boggling yearly bonuses, business class flights , free dinner at Michelin-starred restaurants and amazing medical insurance.

However, we have now come to a point in history where investment bankers are becoming a dying breed, and one major reason could be the decline of these aforementioned perks.

The fact that these companies are starting to reduce the amount of perks to investment bankers is born out of necessity. The reality is that these financial forms have now come to their senses: geopolitical conflict and decreasing demand means that the once profitable investment banks are mired in financial struggle.

Currently, as of September 2019, the 12 biggest U.S and European investment banks have generated $76.8bn in revenue from their trading and advisory operations during the six-month period this year, down from 11% in 2018. It was the slowest first half since 2006, according to the latest data from industry monitor Coalition. Furthermore, banks have  also individually reported poor second-quarter earnings for their markets and investment banking divisions, including an 18% fall in fixed-income revenues at Morgan Stanley and a 32% decline in equities revenues at Deutsche Bank. 

Therefore, it is becoming evident that investment banking firms, which used to be the go to place for undergraduates from colleges due to their high salaries and other benefits are now facing a rapid decline and that most under graduates with degrees in the sector of Mathematics look towards I.T companies like Google, Apple and Microsoft for jobs. Only time will tell if these companies can get back on their feet or if they disappear for good...
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      • First Presidential Debate
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      • Yishun: The Devil's Ring
      • A World With No Borders
      • An Interview With The Divers At The Heart Of The Thai Cave Rescue
      • The Mountains
      • The Day I Woke Up In Troy
      • In Japan
      • Pertinus the Tenacious
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      • Riot vs. Protest
      • #BLM What You Need To Know
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      • Why The U.S-Iran Conflict Is Sure To Escalate
      • Why India’s Citizenship Bill And Its Effects Are More Serious Than We Originally Thought
      • The Rise Of Bitcoin In 2019
      • Hurricane Delta
      • Why Abu Bakr al-Baghdadi's Murder Is More Significant Than We Originally Thought
      • Why Do Many Technology Startups Fail?
      • What Is The Trump-Ukraine Crisis And What Are Its Effects?
      • Ending The Hong Kong Protests - A Guide For Dummies
      • Why Brexit is Going Nowhere
      • Ending the Yemen War: A Guide for Dummies
      • India-Pakistan Conflict: A Dummies Guide
    • Editorial Archive >
      • Singapore's Latest Nuisance: Electric Scooters
      • Why Artificial Intelligence is the Future of Humanity
      • Self Driving Cars, The Future of The Automotive Industry
      • Should We Really Be Afraid Of Artificial Intelligence?
      • Something Is Rotten In The Heart of Tanglin's Head Team
      • Boeing 737 Max 8: A Question of Safety
      • A World in the Dark
      • The Day That Siri Died
      • Does Brandy Melville Fit into the Future of Fashion?
      • #NOFILTERPOETRY
      • World Cup Conspiracies
      • Is Money Really That Great?
      • Why I Hate Valentine's Day
      • How We Became Enslaved To The Social Media Overlords
      • The Projector VS Golden Village
      • A Little Red Dot
    • Entertainment Archive >
      • The Diary of Taylor Swift's Cats
      • Champions League Comebacks
      • It's Bruno, Possibly The Weirdest Show On Netflix?
      • Why Being a Film Fan in Singapore Kinda Sucks...
      • Fortnite Vs Apex: Let Battle Commence
      • The Dying Art Of One Direction Fanfiction
      • Taylor Swift Cancels Concert At The Melbourne Cup
      • Haji Lane
      • To All The Boys I've Loved Before
      • Thor Ragnarok film review
      • The Ring of Fury - Why Now?
      • The Films You Missed in 2018
      • Kingsman: The Golden Circle
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