Deutsche Bank just delivered this verdict on the best banking jobs as we go into the 2nd half

Are you looking for a new job in investment banking? You're in luck, as long as you're not trying for a job in asset backed securitization (ABS) or high yield - both areas which were seeming snazzy not too long ago.

In a note released today, Deutsche's banking analysts point out that high yield issuance was down 32% year-on-year in June 2015 and that ABS issuance was down 32%. After a long period of, 'hunt-for-yield', revenues are fading.

Equity Capital Markets revenues aren't looking very vigorous either. Deutsche's analysts point out that IPOs are on track to fall by 22% year-on-year in the second quarter and that the pipeline has declined as Q2 has progressed.

They also think that the wind might have gone out of macro traders' sails. In the first quarter, FX and G10 rates businesses benefited from volatility. In the second quarter, they say that this 'tailwind from higher volatility' will have 'abated somewhat.'

So, where would you want to be working in the second half of 2015? Try M&A, which is benefiting from 'improving corporate confidence' - especially in the US, and saw a 49% increase in deals completed year-on-year in June. Failing that, try cash equities. Deutsche's analysts are silent on the outlook for equities revenues, but J.P. Morgan's analysts think they rose 9% year-on-year in the second quarter....