Most Helpful

Will bite and give my two cents. Firstly, it's hard for a Budget to get significant popularity, even harder to get a popular budget as a Conservative currently given their decline and constant changes of leadership and economic branding. From a Party that entered office under David Cameron and George Osborne who implemented austerity and made their message solely about balancing the books, to Brexiteers like Boris Johnson wanting to 'Level Up' and splash the cash and the failed circus of Truss-Kwarteng,  Rishi Sunak and Jeremy Hunt seem to be regurgitating the sound money and reducing debt:GDP ratio. Hunt and Sunak are more importantly grown ups, have good understanding of economics and keep the markets at bay. In terms of growth; the OBR predicts growth of 1.-2.5% in the next 3 years despite the economy forecasted to shrink this year. Party due to their windfall taxes, increased corporation and National Insurance rises, inflation (already falling) will fall to 2% by the end of the year. But the likelihood is that although this budget is fairly centrist and generous in certain areas with small scale tax cuts, this (in my view) will not notably make a difference to growth. The issue for the UK growth lies on productivity and Brexit.UK productivity has been awful compared to G7 and other leading economies for a variety of reasons you could easily think of. Brexit has reduced our trade intensity, complicated things even more with red tape and bureaucracy of trade and whilst the UK remains outside of the EU Customs Unions and Single Market, it's terms of trade will not improve. And this is before we even mention it's immobile labour supply being cut off from Brexit restricting freedom of movement. So yes, the budget is not bad and it's certainly refreshing to see Sunak and Hunt (only the few remaining non-ideological and competent Tories) manufacture a decent budget that will restore confidence and public finances, but not one that will see high growth because of structural issues in the UK.

 

Nesciunt rerum qui eos qui. Dolore ab dicta officia quaerat qui nisi est minima. Non quae aut qui sed. Magnam placeat est perferendis perspiciatis. Repellendus magnam sapiente omnis quas. Laborum accusantium architecto qui doloremque corrupti quae dolorum non.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 19 99.4%
  • Lazard Freres 06 98.9%
  • JPMorgan Chase 09 98.3%
  • Morgan Stanley 05 97.7%
  • Moelis & Company 01 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 05 97.1%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (22) $375
  • Associates (94) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (69) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (151) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
DrApeman's picture
DrApeman
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”