Are there BV practices that are laying off talent? Yes.
By John Borrowman, CPC
Borrowman Baker, LLC, BV Staffing + Consulting
It’s convenient to assume that recent layoffs in Investment Banking might mean more candidates for BV. You would expect that an increase in ‘supply’ would push some of that talent in the direction of BV.
Could be. But, not likely over the short term.
Over the years, the investment banking industry has consistently hoovered up the best and brightest. It’s no surprise that some BV practitioners might find themselves envious of the brainpower that ends up being aggregated on Wall St.
As you read the news about the demise of Bear Sterns there can be that little twinge that reminds you it’s an ill wind that blows no one any good. Maybe some of those resumes will show up in your Inbox. While it’s possible, you won’t want to go around holding your breath.
For one thing, living in the rarified air of investment banking tends to generate compensation expectations that are simply beyond the reality of the business valuation world. For another, those expectations are rarely matched by “hit-the-ground-running” potential.
If these folks were truly interested in careers in business valuation, that’s where they would be. And as soon as the pendulum swings and things look better in investment banking, they’ll be back to chasing that dream.
Finding and hiring quality BV talent is hard enough. Best not to get sidetracked by an illusion.