In case you didn't read enough bad new today...

CFA General
#1

Here’s a fun article I just saw on Bloomberg for everyone that just passed Levels I and II and are hoping to break into the industry http://www.bloomberg.com/news/2011-08-08/global-banks-poised-to-slash-101-000-jobs-in-fastest-reductions-since-2008.html

#2

… saw it today … and it’s sad

#3

ehhh

#4

Meh. A lot of those jobs are probably a combination of receptionists, middle and back office people such as accountants. I doubt the banks are slashing their front office guys who are the revenue producers for the firm.

#5

broken link

#6

ManMythLegend Wrote: ------------------------------------------------------- > Meh. A lot of those jobs are probably a > combination of receptionists, middle and back > office people such as accountants. I doubt the > banks are slashing their front office guys who are > the revenue producers for the firm. this may be true, but on the other hand do you think there is any incentive to hire and train new non revenue producing front office people?? nope.

#7

builders Wrote: ------------------------------------------------------- > ManMythLegend Wrote: > -------------------------------------------------- > ----- > > Meh. A lot of those jobs are probably a > > combination of receptionists, middle and back > > office people such as accountants. I doubt the > > banks are slashing their front office guys who > are > > the revenue producers for the firm. > > this may be true, but on the other hand do you > think there is any incentive to hire and train new > non revenue producing front office people?? > > nope. Have their current star employees all drank from the fountain of youth? These companies will be reinvesting in some way. They’re just trying to boost returns I’d say.

#8

http://i.imgur.com/E2yai.jpg

#9

Sounds like some of us are suffering from it-could-not-happen-to-me-in-a-million-years syndrome

#10

What bad new?