Deutsche Bank analysts have just released a massive report full of predictions for investment banks in 2014. Before we go any further, you need to know this: Deutsche is predicting another 20,000 investment banking redundancies next year, of which it says 6,000 will be in the front office.
If you want to keep your job next year, these are the key charts you need to see from the DB report. Click on each chart in order to enlarge it.
1. Equities headcount is predicted to rise next year, FICC and advisory headcounts are predicted to fall
2. Within advisory, you want to be working in ECM in 2014
Source: Deutsche Bank
3. Within FICC, you want to work in FX and to avoid rates in 2014
Source: Deutsche Bank
4. Within equities, you want to work in cash equities or prime finance in 2014
Source: Deutsche Bank
5. Productivity for equities sales and trading professionals is rising (and should be reflected in pay). Productivity for FICC sales and trading professionals is falling (and should be reflected in pay)
