Must I Bank?
May 1, 2008 11:14 AM Subscribe
posted by Mutant (34 comments total)
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The Financial Services industry has seen it before; massive job cuts after the dot com collapse of 2001
forced many out of the business
, some permanently.
While the "hire and fire" culture
of banking is well documented, The Credit Crunch of 2007 is claiming its share of jobs as well
, with many observers predicting future, deeper rounds of redundancies.
But the Investment Banking industry is not at all
monolithic; while some areas cut
back others thrive
. And skills gained to enter banking are
broadly applicable elsewhere; general management, University lecturing, and Sales to name but a few fields ex-bankers have happily decamped to.
Regardless of their plans for new found free time, before touching up that CV many enduring cuts this time around should first ask themselves the question "Must I Bank?"