Can someone please shed some light on the current condition of the job market in the city, especially for entry level positions that are related to the CFA program? Thanks, Kevin
Extremely competitive in investmngt, investbnkg, and comm.banking. Less so in the retail consulting and the wirehouses. Jobs in investment IT & sales look promising. Good luck.
Thanks, Mason. I know these fields are always competitive, but how much harder it is right now compared to the pre-crisis era before 2007?
Yeah the market is so bad here that they aren’t even providing space bars and vowel keys on computer keyboards anymore.
kev380 Wrote: ------------------------------------------------------- > Can someone please shed some light on the current > condition of the job market in the city, > especially for entry level positions that are > related to the CFA program? > > Thanks, > Kevin McDonalds is also related to CFA, and you can get a job there.
The prospects of a job are bleak. Entry level positions are now being filled with experienced CFAs or higher level candidates.
Guys, can we use the CFA designation and get some other simpler jobs to keep the ball rolling?
As PtrainerNY said: experienced individuals are now taking a job that a college grad would typically get.
You may want to reconsider your move…NYC will become like Detroit in a few years.
I hear Billy Joel is looking for a new wife. No CFA designation required.
Lets just say bars are having happy hours from 11am-3pm And there are special wall street pink slitp parties filled with masses of people looking to network with the token handful of recruiters.
marcus phoenix Wrote: ------------------------------------------------------- > You may want to reconsider your move…NYC will > become like Detroit in a few years. How do you figure this?
Do you realize how much NYC is spending on government employees? Pension costs are insane! They will be paying more in retired police and firefighters in a few years than active cops/firefighter. After 20 years, you can retire. Even if they change it, it can’t be done retroactively. Without the revenue from financial firms, this spending will fall to the people who will move. I know of firms which moved outside NYC to save $$$. Most go to the South (ex: Florida), or DC/VA
The job market is booming for Prozac salesmen. I have been looking (have CFA charter) for several months. It is brutal. I think I would be happier/more successful doing the Iron Man triathlon. If anything I am building resilience, thick skin, and sales skills. If you are just starting out…Unless you can find a niche area where you can add some specific unique value, benefit from nepotism, or have pictures of a senior analyst with a midget, handcuffs, and several endangered species…you will be competing with an endless supply of experienced analysts… I suspect you will start to see many CFAs working in operations, etc soon…
Two of friends got laid off. One was at Barclays (survived the Lehman debacle) now looking for work. The other is on his way out, he worked in financial products. It sucks!!!, lack for a better word. Financial companies are expecting higher future costs, taxes, less revenue, and more regulation. Many are looking to operate outside the US due to less tax and labor costs or at least outsourcing many positions. I am looking at the next 10 years as see a major shift in how the financial system and markets will continue to operate. I still see value in the CFA, but I thin there are WAY TOO many wanna-be financial, investment, banking analysts and investment managers out there that add no or little value. my 2 cents.