Obviously Analysts are cheap labor, and you cant have a small class because this will turn around etc. etc., so generally they're not in a place where they need to fear for their jobs.
But since so many people were laid off there today, does anybody know if any analysts got nailed too? (First years, second years, trainees, anything)
It would suck big time if anyone got sent away from the training class. I know my training class hasn't lost anyone at my bank, just wondering if some of the banks of the street are cutting loose some of the low scorers on the exams
And please, no blatant speculation here
Please only comment if you have firm knowledge, not random hearsay, because I've heard a lot of rumors myself and would prefer to have people who are POSITIVE about this to answer intelligently. No students please
Why don't analysts need to fear for their jobs?
Its not that they don't need to fear for them. I'm sure a worthless analyst at bear stearns is probably not in a good mood somewhere right now.
I guess my question is more focused on people getting canned before training is over. purely out of curiosity, because i've heard a lot of rumors tossed around my firm
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