Latest / The Demographics Podcast with Fexingo: Aging Populations, Birth Rates, and Economic Impact
How Falling Birth Rates Reshape the Investment Banking Industry
Episode 77 of The Demographics Podcast examines how declining birth rates are reshaping investment banking. Lucas and Luna discuss the shrinking talent pipeline for analysts and associates, the shift toward automation in deal execution, and bulge-bracket firms' new diversity-and-retention strategies. They anchor the conversation in Goldman Sachs' 2025 analyst class—the smallest in a decade—and explore how banks are poaching experienced hires from private equity. The episode also covers the rise of AI-driven M&A advisory tools and the long-term implications for partnership models. A…
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