Time to abandon ship?

So, back when I was interviewing (as sophomore) for last summer nearly everyone I talked to mentioned how bad things were but that the markets would recover. Pretty much direct quote from several senior bankers/ traders: "If its still like this by the time you're graduating, that means theres something fundamentally wrong with finance and you don't want to get in."

One year later, its almost certain that things will be MUCH MUCH worse when I graduate.

Time to get off the ship and paddle for shore?

 

One of the biggest advantages/disadvantages of WS is short-term memory. We exist in a cyclical economy and while this downturn will be significantly deeper than those in the past we will inevitably recover. It would benefit you greatly to read about past crisises i.e. Japanese economy, crash of 87, tech bubble, LTCM, RTC, etc. If you dont believe in the ingenuity of America and our ability to rebound you should probably move to China.

 

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