Tuesday, October 05, 2010

Jobs in the Financial World

With Warren Buffet coming out today (via Telegraph) and saying that next time the financial world goes bust, the chief executives of those banks and their wives should go broke too, I figured it was a good time to delve back into the job market in the financial world.

Within the same article came this ominous forecast: "Despite the difference in the fortunes of those on Wall Street and many Americans in other industries, analysts have said that banks may decide to cut jobs in coming months as trading revenues decline. Meredith Whitney, for example, has forecast that up to 80,000 finance jobs could go over the next 18 months." Eek

More specifically, Morgan Stanley came out last week and said they were going to freeze investment bank hiring in 2010 according to Bloomberg (H/T Wendy).

For those looking for a job in this market, FINS has some advice for college graduates about how to find a job in the financial world (one of the pieces of advice "Take on Internships" is a good one).

Also from FINS, a different type of sheriff is coming to town: the IRS is hiring special agents for their Criminal Investigation Division, one of its prime divisions.

Lastly, Corporate Compliance Insights has two Dilberts that hopefully don't hit too close to home for many compliance professionals.

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