How has the investment banking industry changed in the past 10 years?

Investment Banking CertificationQuestion: How has the investment banking industry changed in the past 10 years?

Answer: The answer to this question is somewhat related to the previous query. With greatly increased public scrutiny surrounding investment banking compensation, some banks themselves have taken steps to appear less conspicuous in their spending. This includes changes to things such as expense accounts, especially dining and entertainment allowances, amounts allocated for hotel stays, and budgets for business flights. Investment banks are keenly aware that more public, media, political and regulatory eyes may be upon them. Such awareness can make banks rethink extravagant expenditures (such as conferences in glamorous locations), and it may have incentivized more banks into public relations campaigns to keep their image clean.

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