Are Wall Street Banks Hiring?

According to a recent article in the Wall Street Journal, investment banks still aren’t in any rush to hire.  New regulations and fewer mergers and acquisitions have led a number of banks to begin to cut down their robust investment banking groups.  Those anticipated to be leaving include not just those on trading desks, but deal makers and corporate advisers.  Bonuses have also shrunk in an effort to cut costs—in fact investment-banking bonuses shrunk by as much as 30% in 2011 at major banks!  There is certainly a shift taking place on Wall Street, though the ultimate outcome is still unknown.  Many bankers are reevaluating their career trajectory, opting for boutique investment firms or switching industries entirely…We may just have to wait and see how it all pans out!