Wall Street hiring: If '07 was a 10, and '08/'09 were a 2 or 1...
In terms of hiring, if in 2007 it was easy to get a job (say, a 10 out of 10) and 2008/2009 were absolute shit (say, a 1 or 2 out of 10), where are we now?
I'm speaking across the board, from prop desks to banking groups and more. Those of you who say we're back at a 5, I don't believe it. Boutique advisory shops are still dead as far as I know. Trading profits are not as high as they should be.
4
Few months ago we were 4, now probably 3
4
As of right now it's probably a 4. But six months from now it could easily be a 2 or 3. I saw the finance job market improving earlier this year, but the market has cooled considerably. I'm actually surprised at how much the situation has deteriorated.
Same here, as I was under the impression that things would continue to improve. My guess is that as soon as the whole debt 'crisis' blows over everything will get back on track. If the political environment gets worse then hiring will as well.
"It's a recession when you neighbor loses his job; it's a depression when you lose your job" - FDR
The market is either a 0 or a 10 at all times for any one individual
Then, you average.
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