shorttheworld:
so if this is true, what is everyones secondary profession going to be? :D

Government or management of education/pharmaceutical. The only three professions that have seen steady employment growth over the last 15 years in America are education, healthcare, and government.

 
shorttheworld:
corporate finance for energggggggy

or international development. something in latin america, gtfo out of the u ess ayy

Truth be told, if all hell broke loose and the market tanked so bad that lots IBs and PEs were closing up shop permanently I will be on the same flight south.

Regards

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so." - Ronald Reagan
 

This is retarded. When you count in bank tellers and overstaffing in non-FO or investment bank roles, yea, these companies are surely going to cut some fat.

But lets be honest here, if they cut 80,000 workers, thats probably more than all of the FO jobs in the US right now. RETARDED.

------------------------------------------------------------------ "I just want to be a monkey of average intelligence who wears a suit. I'll go to business school!"
 
Best Response

80k must be including tellers, cleaning ladies, janitors, mistresses, secret baby mommas and doormen. And even if the gvt chokes that many jobs out of Wall St, a large chunk of Main St will be going down with them: restaurants, boutiques, charities, au pairs, cleaning ladies etc When a banker eats, everyone eats.

I suggest looking at Buis strategy or risk mgt Consulting if you don't want to stick it out: Accenture, MMC, IBM, etc are all expanding in latin america, Ghana, etc. I have heard of a few bankers jumping ship and getting some pretty solid offers bc of the client relationship and financial modeling/valuation skills. I don't know about the comp package though

 

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