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Investment banks shore up graduates ahead of dealmaking rebound

Investment banks are hoping a rebound in mergers and acquisitions will keep their latest class of graduates busy.

First-year analysts start their careers next month on sombre footing after investment banking fees slumped some 30 per cent in Australia, and global Wall Street shops slashed jobs to mitigate expenses in 2023.

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Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com
Aaron Weinman was a correspondent at The Australian Financial Review.

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    Original URL: https://www.afr.com/companies/financial-services/investment-banks-shore-up-graduates-ahead-of-dealmaking-rebound-20240105-p5evg1