An informative article from the Wall Street Journal Where the Jobs Are For Wall Street Pros By SARAH E. NEEDLEMAN As the latest crisis on Wall Street unfolds, recruiters say their phones are ringing off the hook with anxious finance professionals on the line. The sale of Merrill Lynch & Co. and the bankruptcy-court filing of Lehman Brothers Holdings Inc. have prompted workers from those firms to launch immediate job searches. Recruiters say newly displaced finance professionals should consider other types of employers or fields, and consider opportunities at smaller banks — which are ramping up hiring right now. Case in point: On Monday, the number of ads at WallStJobs.com for positions at small and middle-market firms shot up by more than 25%, says Robert Graber, chief executive officer of the New York-based job site. Most of the ads were from small and midsize investment banks and hedge funds… Read More
Lehman Brothers
MBA students take stock amid troubling times
By Marco R. della Cava, USA TODAY PALO ALTO, Calif. — The unsparing tsunami of bad news created by the collapse of storied Wall Street banking firms has made its way 3,000 miles to the palm-studded campus of Stanford University. “Every day, it only seems to get worse,” says Ben Sloop, 29, of Atlanta, one of 740 students seeking an MBA at an institution known for incubating tomorrow’s business stars. (Think Google’s founders.) “You wonder, ‘Wow, if I get laid off at one firm, it’s not like I can now go to another.’ ” With his elite schooling, New York firms were an option. But now Sloop likes the feel of a job grounded in reality. So he’s thinking small. This past summer, he worked for an online company in nearby San Francisco that helps consumers manage their bills. The fit seems right. “This crisis has reinforced that I… Read More
