<p>Some of you all who really think that all of a sudden kids from top schools will completely stop being interested in Investment Banking are delusional.</p>
<p>Yes, in the short-term, bonuses will take a hit; we will not see 60-90k end of the year bonuses for 1st years like in 2007 for a while. However, grads will still make a considerable amount of money as a 22 year old grad as well as have a wide variety of exits. I’d imagine all in comp falling back to 100k for 1st years for a while.</p>
<p>So yes…demand may slow but ironically competition will increase as the number of Wall Street firms have lessened.</p>