11/21/13

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.

Comments (18)

11/20/13

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

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11/21/13

Hiring seems to be very robust and abundant

In reply to Sumba
11/21/13
11/21/13

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

In reply to Sumba
11/21/13

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.

11/21/13

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.

11/21/13

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

In reply to Michael2
11/21/13
In reply to Michael2
11/21/13

Showing off works better when you have a job offer. *kanye shrug*

11/21/13

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

11/21/13

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'

11/21/13

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

11/21/13

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
11/22/13

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

In reply to Michael2
11/22/13

Yeah, I caught that much. Cool, that makes two of us.
-____-

In reply to Michael2
11/23/13

Michael2:

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

What's a BB?

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

11/23/13

If you want to work for a bank, this is going to be a bit of a tough year.

If you are ok with consulting, hedge funds, accounting, insurance, AM, or anywhere else finance related that isn't a bank, this is one of the best years since 2008.

I'm not working for a bank upon graduation. I got several offers, but the banks simply aren't as competitive as they used to be. Neither are they hiring as many people.

Be flexible and open minded.

In reply to BepBep12
11/23/13

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