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I don’t get why people keep saying this, it’s like they want companies to pay employees less. No one goes around saying “Investment Banking, now that’s a bubble

I don’t get why people keep saying this, it’s like they want companies to pay employees less. No one goes around saying “Investment Banking, now that’s a bubble, no way they can keep paying their employees that much!” (Goldman Sachs revenue / employee over $1.1 million) Presumably the person commenting on HN is in fact an employee and not like Mark Zuckerberg in disguise, though I guess it would make more sense if the people saying this were startup founders angry at having to compete for talent a FAANG wage levels.

paganel 4y ago
>“Investment Banking, now that’s a bubble, no way they can keep paying their employees that much! For what it's worth, and from the other side of the pond, it looks like IB has been on a rediscovery journey since the late 2000s financial crisis. First of all the likes of GS are not regarded anymore as the next coming of the Messiah when it comes to holding a job, or at least that was the general feeling around 2006-2008, even going into the financial crisis years. And second, some formally big IBs are actually on the extinction path, I'm thinking mostly about Credit Suisse's IB division and if I'm not mistaken Deutsche is in the same situation.
mejutoco 4y ago
Credit Suisse seems not to be doing great lately, after a few years of scandals.