I just realised something. With all the banks collapsing and lots of wannabe bankers now turning to the Big Four instead, there must be more effects than a rise in the number of applications.
The psychometric tests used by the likes of PWC, KPMG, Deloitte etc are weighted against a normed score (i.e. percentiles), correct?
And I think it is fair to assume that prospective bankers are more ‘intelligent’ (for lack of a better word) and would do better in these tests… so it is logical to reason that the benchmark pass-mark for the psychometric tests at the Big Four are higher than ever because of the fact that these prospective investment bankers are now taking the same tests and competing for the same jobs???
In other words…we’re screwed!