Harrison Rush / Fire Drill Market Wrap Up

MARKET UPDATE

The market is slow. It is August and we are entering the back half of a slow year. I could sugar coat it and cut and paste a bunch of headlines about rate cuts, the over used term “dry powder” and how banks are ramping up for Q1 2025 but that would be boring, and way over done. I love investment banking recruiting, and I am incredibly grateful for the success we have had so much so I owe you all more than just sending out a newsletter that does what all the other newsletters do. You also deserve a realistic view of the market and not just a bunch of cut and paste with a different logo. ?

This video will make you laugh (I hope)?

https://www.tiktok.com/t/ZTNTgLUrU/

Here is my assessment of the market

1- If you are unemployed and have an offer- take it!

2- Do not resign your job unless you have another.

3-There will be an increase in hiring from 9/3/2024-10/31/24 and again in mid Q1 2025.

Words of Wisdom?

If you were let go from your bank as part of a work force reduction, it is best to be truthful with prospective employers about your situation. Telling employers you resigned when in fact your job was eliminated is not the best strategy. When being let go, senior bankers may advise you to tell the market you resigned, when in fact you were let go. My advice, is to be honest. Layoffs are plentiful the last few years, and resigning without another job in hand is a questionable decision in this market.

ACTIVE JOBS

Vice President Digital Infrastructure

Vice President (VP1/VP2) - Digital Infrastructure Investment Banking Position: Vice President 1 or 2 - Digital Infrastructure Investment Banking Location: NYC Department: Technology Investment...

jobs.crelate.com/portal/harrisonrush/job/cyr3gp97t33nzgfsu1jy6dbtmy?crt=1722795591433

Associate-Tech/Business Services/Ad Tech

M&A Associate – Technology, AdTech, Information Services, and Tech-Enabled Services Location: New York City, NY Company: Premier Boutique Investment Bank Job Description: We are seeking a highly...

jobs.crelate.com/portal/harrisonrush/job/u4ywndsao54g9cs31ayweddqzy

Managing Director-Software

Managing Director - Application Software Location: NYC Company: Global Investment Bank About Us: A leading international financial institution with a diverse portfolio of services ranging from...

jobs.crelate.com/portal/harrisonrush/job/gmfjp9hudatx14dkreiz5sr65w

Associate 3 Internet Coverage

Third-Year Associate (Future Vice President) - Internet Clients Coverage Location: San Francisco, CA Investment Banking TMT Internet coverage Job Summary: We are seeking a talented and ambitious...

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Associate TMT

We are a prominent U.S. bulge bracket like bank with a strong presence in the financial industry, known for our commitment to excellence and innovative solutions. Our Investment Banking division is seeking...

jobs.crelate.com/portal/harrisonrush/job/x5exidwnxabp6xscxryt4be5oc?crt=1722083097195

Healthcare Associate

Job Title: Healthcare M&A Associate Location: New York City, NY Company Overview: Join a prestigious boutique firm specializing in healthcare mergers and acquisitions (M&A) located in the heart of...

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Vice President Tech Enabled Services

Job Description: Vice President, Tech-Enabled Services Position Title: Vice President, Tech-Enabled Services Location: NYC

jobs.crelate.com/portal/harrisonrush/job/9ahqu74riffxcryyiw18wzh4ic

PEOPLE MOVES

David Kamo to Evercore

The GS banker is going to Evercore

www.bloomberg.com/news/articles/2024-08-09/goldman-partner-and-m-a-banker-david-kamo-exits-to-join-evercore?embedded-checkout=true

Rothschild Shuts Miami Office

www.bloomberg.com/news/articles/2024-08-20/rothschild-shuts-miami-office-as-partner-hirschfield-retires?srnd=undefined&sref=vdKurlBI

WE ARE ON TIK TOK FOLLOW BELOW

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HIRE US?

If you are looking for experienced investment banking talent please reach out. Since 2010 we have been placing lateral bankers at middle market banks, bulge brackets, elite boutiques and specialized boutique banks. We have worked through decades of hiring cycles and trends. We can provide priceless insight and market knowledge. We are the premiere firm for investment banking recruiting.