The slowdown in business, combined with the looming trading curbs, has resulted in job losses across Wall Street. Morgan Stanley (MS) recently announced it was firing 1,600 employees. Goldman Sachs has done its usual turn of eliminating the bottom 10 percent of its workforce and a group of its long-serving partners. Bank of America Corp. (BAC) announced that about 30,000 employees would be chopped by the end of 2012, although a number of the firm’s investment bankers lost their jobs in the past month.
也许是时候了,聪明的人都去了赌场,那国家怎么办?
According to a Dec. 21 article in New York Times, whereas in 2006 some 46 percent of Princeton graduates who had jobs lined up after graduation went to Wall Street, four years later that number had fallen to 36 percent. At Harvard, in 2006, a quarter of the class got jobs in finance; by 2011, that number had fallen to 17 percent. At Yale, in 2006, 24 percent of the graduates had jobs in finance and on Wall Street, while in 2010, the number of graduates going to Wall Street had fallen to 14 percent.
The word around Goldman Sachs, I’m told, is that even those offered a still highly coveted entry-level job at the firm are having second thoughts about taking it. More and more, banks are losing talent to Teach for America, a fact that may turn out to be one of the most heartening consequences of the financial crisis. |