The sense I get from most of you on this forum, is that finance is incredibly saturated. When I ask how someone lands a mediocre AM job, I'm usually told that it's incredibly tough, you have to know the right people, have the right degrees, get lucky, etc. I'm posting this, because I'd like to get your guys opinion on the topic. How saturated/unsaturated is finance? Are there ample opportunities out there these days? Should a lot of us be considering other industries?
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Well the financial industry has contracted a lot and is maybe just beginning to expand a little. Lets remember we have lost two very large firms (Bear and Lehman). Those jobs aren't coming back. Plus this are a lot of talented people who are willing to take these entry jobs. If this was 3-5 years ago I think finding a job would be much easier.
Finance is like this. Tons of people want the top spots. Very few get the spots. Those that don't take BO roles, sales, big 4 accounting, commercial banking, corp finance, etc. When you expand the world of finance to include all of these other opportunities then you will realize how wide open it really is.
Econ, hit me up. I might be able to help you.
@AnthonyD1982
I have some questions/could use some help too. May I PM you?
Thanks!
Haha, yes, feel free to message me. I am not expert FYI.
When I go to interviews and I see the quality of currently out of job finance people I am competing with, it certainly seems like finance is saturated. I'd probably change my mind if I could get a damn job, but for now...
Is the financial sector overcrowded? (Originally Posted: 10/27/2011)
I have a friend who works at an IB in London (he has a Ph.D in physics) and he told me that the finance industry is not as it used to be and that it is overcrowded.
Add also, the coming regulations.
So my question is; is it still worth it to study/work in Finance?
Nope.
nope
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