Business Students Concerned About Wall Street's Future

http://www.EmploymentCrossing.com Fallout from the recent collapse by some of the nations largest financial institutions, will not only affect those working now, but is could plague those looking to work for a future. News of the plight of Merrill Lynch, Lehman Brothers, and AIG, hit home for those in business school, preparing for careers in the financial sector. 11,000 jobs have been lost on Wall Street this year, and the latest events will only bring on more. Hiring is projected to be down 50% among financial institutions, and the job market will be very competitive to say the least. With companies scaling back on labor, recruitment efforts have dropped off, as little growth is on the horizon. So how are those exiting academia supposed to start on a career? Answers for some may be obvious. It will take time of course. Wall Street has to reorganize, and those in school must be patient looking for work. Some may not want to look on Wall Street, and opt for corporate finance, which is a safer option. At this time, students should strategize and plan out their careers. Meanwhile, schools are reporting increases in enrollment in MBA programs. Which is a good idea, since it allows students to learn as much as they can and wait out the situation. That isif they have the time.

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• video
• Business Students Concerned About Wall Street's Future
• Wall Street
• largest financial institutions
• Merrill Lynch
• Lehman Brothers
• AIG
• financial sector
• 11 000 jobs have been lost on Street this year
• hiring is projected to be down 50%
• companies scaling back labor
• has
• reorganize
• corporate finance
• increases in enrollment MBA programs