• Sharebar

From WSJ:

At the undergraduate level, job openings in financial services will shrink by 27%, though students majoring in economics, finance and accounting--the largest sources for new talent in that industry--will fare just fine because of strong hiring outlooks in other corners of the market, says Phil Gardner, the institute's director.

M.B.A.s won't be so lucky: Financial-services respondents said they expect to cut jobs for graduate business students by 58% this year, government employers forecast an 86% plunge, and overall hiring is expected to decline by nearly 25%.

I found this amusing because when I was a freshman, everyone told me, "Oh, you're so lucky to be graduating in 2014. The recession will be over and hiring will be rampant again!" But I'm sure that's what they tell the kids every year.

1

The WSO Advantage - Land Your Dream Job

Financial Modeling Training

IB Templates, M&A, LBO, Valuation. Learn More.

Wall St. Interview Secrets Revealed

30,000+ sold & REAL questions. Learn More.

Resume Help from Finance Pros

Land More Interviews. Learn More.

Find Your Mentor

Realistic Mock Interviews. Learn More.

Comments (18)

  • Macro Arbitrage's picture

    Don't pay attention to the noise. We're FAR better off than the class of 2009.

  • Sumba's picture

    Hiring seems to be very robust and abundant

  • Hassen's picture

    Pretty sure they also tell "hiring is shrinking" to the kids graduating every year.

  • In reply to Sumba
    computerized's picture

    I actually agree. But I'm guessing the 'finance' term they use is really broad, and it shouldn't be a surprise kids who studied finance/econ/accounting fare better.

  • killerkoala's picture

    I graduated in 2010 & the job market seems to be considerably better at all levels... still not great, but definitely better. I actually see postings for true entry-level positions, not "entry level" requiring 2-3 years relevant experience.

  • Michael2's picture

    I knew that my 13+ interviews was a sign of a bad economy.

  • Whgm45's picture

    I'm seeing a lot of hiring at our bank, not sure what this report is coming from.

  • BepBep12's picture

    computerized:

    From WSJ:

    At the undergraduate level, job openings in financial services will shrink by 27%, though students majoring in economics, finance and accounting--the largest sources for new talent in that industry--will fare just fine because of strong hiring outlooks in other corners of the market, says Phil Gardner, the institute's director.

    M.B.A.s won't be so lucky: Financial-services respondents said they expect to cut jobs for graduate business students by 58% this year, government employers forecast an 86% plunge, and overall hiring is expected to decline by nearly 25%.

    I found this amusing because when I was a freshman, everyone told me, "Oh, you're so lucky to be graduating in 2014. The recession will be over and hiring will be rampant again!" But I'm sure that's what they tell the kids every year.

    Real solid thread hahaha

    'Before you enter... be willing to pay the price'

  • cc66's picture

    No way its worse than graduating in 2009 and having Lehman be your top lead in fall of 2008....

  • stillwinnning's picture

    Wow, goes to show you that an liberal arts degree is pretty much useless these days.

    I'm bi-winning. I win here, and I win there.

  • In reply to BlkWallSt
    Michael2's picture

    It was a sarcastic remark to the article. (But I am signed with a BB.)

  • In reply to Michael2
    BlkWallSt's picture

    To unlock this content for free, please login / register below.

    Connecting helps us build a vibrant community. We'll never share your info without your permission. Sign up with email or if you are already a member, login here Bonus: Also get 6 free financial modeling lessons for free ($200+ value) when you register!
  • In reply to Michael2
    BepBep12's picture

    'Before you enter... be willing to pay the price'

  • IlliniProgrammer's picture