<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>
<p>There aren’t going to be as many exit opps because, within the next year, hedge funds/private equity groups are going to be going through the same thing banks are now.</p>