http://www.metafilter.com/tags/sleeplate Posts tagged with 'sleeplate' at MetaFilter. Thu, 01 May 2008 11:14:44 -0800 Thu, 01 May 2008 11:14:44 -0800 en-us http://blogs.law.harvard.edu/tech/rss 60 http://www.metafilter.com/71308/Must%2DI%2DBank The Financial Services industry has seen it before; massive job cuts after <a href="http://en.wikipedia.org/wiki/Dot-com_bubble">the dot com collapse of 2001</a> forced <a href="http://www.independent.co.uk/news/uk/home-news/bankers-braced-for-new-wave-of-job-cuts--but-annual-bonuses-will-escape-the-axe-631890.html">many out of the business</a>, some permanently. While the <a href="http://findarticles.com/p/articles/mi_qa3724/is_199811/ai_n8826741">"hire and fire" culture </a> of banking is well documented, The Credit Crunch of 2007 <a href="http://www.reuters.com/article/marketsNews/idUSL183834820080422?pageNumber=1&virtualBrandChannel=0">is claiming its share of jobs as well</a>, with many observers predicting future, deeper rounds of redundancies. But the Investment Banking industry is <i>not at all</i> monolithic; while <a href="http://www.cityam.com/index.php?news=11808">some areas cut</a> back <a href="http://www.thisismoney.co.uk/investing-and-markets/article.html?in_article_id=441068&in_page_id=3">others thrive</a>. And skills gained to enter banking <i>are</i> 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 <a href="http://s.wsj.net/article/SB120891151234836683.html">"Must I Bank?"</a>. tag:metafilter.com,2008:site.71308 Thu, 01 May 2008 11:14:44 -0800 banking careerchange finance lifestylechange sleeplate unemployment Mutant