Banks Primed to Slash Analyst Jobs by 30% as MiFID II Looms
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Banks Primed to Slash Analyst Jobs by 30% as MiFID II Looms
The banking sector has been one of the hardest hit in terms of job cuts over the past couple years – this trend may only worsen as lenders look to scale back research costs ahead of MiFID II, with analyst jobs looking to be next on the proverbial chopping block, per a McKinsey & Co. study. The upcoming regulations will force banks and venues to disclose research costs to investors, which during such lean times is likely to winnow the pool of analysts and similar personnel.
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