Things aren’t just getting difficult for the people at the bottom of the food chain, but the big-time investment bankers are starting to hurt a little bit too. One experienced MIT grad investment banker has taken to standing on Park Avenue in New York City to try and get a job wearing a sign draped over his shoulders.
Read the article in the New York times here.
Dude I can tell you that Morgan Stanley in London made load of people redundant a couple of weeks ago. People on their grad scheme were beeing fired…that is unheard of.