To everyone who's active on WSO know's that there's been a ton of posts on people quitting their banking gigs lately - especially today.
Yes I know the economy sucks. Yes I know finance is continuing to shrink. Yes I know the salaries aren't what they used to be and probably wont be for a very long time but enough of this Investment Banking Circle Jerk and lets talks S&T and maybe, some ER.
A few weeks ago someone posted in regards to the future of institutional and that post really didn't get the respect it deserved.
Today I'd like to hear from everyone in the community (Especially those who are in S&T currently and are aspiring to break in in the future) their opinions on the current state of the industry and where they believe it is heading in the next decade.
Yours Truly,
Wallstreetballa
I am very interested in this as well.
US auto manufacturers, early '80s.
I'm not in S&T, but I agree with this guy: http://anonybanker.wordpress.com/ Wait a sec, is that the same anonybanker from WSO?
That blog is pretty good.
This blogs aight
Love his rant about the Occupiers
I'm not sure 5 posts by the same crybaby/hippie/wannabe artist who couldn't handle his first year qualify as "everyone is quitting".
The only story that's respectable is that of Tier2Sta, who paid his dues and is experienced enough to actually highlight which aspects of his particular IB experience sucked.
^^^Did you see TechBanking's post? http://www.wallstreetoasis.com/forums/exit-ops-the-end-of-the-show-ii#n…
[quote=OhYeah]^^^Did you see TechBanking's post? http://www.wallstreetoasis.com/forums/exit-ops-the-end-of-the-show-ii#n…]
Yeah? Another exit that you can respect and learn from. Both spent a decent amount of time working and are probably wise and experienced enough to lead great lives. I'm also positive that both of them have better plans than becoming street musicians.
Now compare that to the kid who quit after just one year and then comes on here to preach about it like he found the holy fucking grail.
Hasn't the industry had extremely high turnover since the beginning of time? Just because there's a medium to announce you're moving on doesn't mean this is anything new.
This is different though, as more regulations are put in place and the industry is significantly less profitable then before, there will MUCH higher turnover
Keep in mind that the experienced people on here do not represent Wall Street as a whole. There are many who have better things to do than frequent a finance forum.
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