Oct 16, 2008

Consulting gains at the cost of Banking

Interesting article in Businessweek
With the banking industry in crisis, many job-seeking MBAs—especially those who once dreamed of lucrative careers in investment banking—are rushing to broaden their options by applying to consulting firms. And while it means more competition for jobs in that sector, for the firms doing the hiring, it means a more robust crop of candidates to choose from.

How is the attractiveness of Private Equity as a career now, following the credit crunch? If you have any idea, drop me a line in the comments below.

2 comments:

  1. Its not that bad in core of investment banking .
    It is bad for supporting and ancillary units , like IT ,BPO and back office stuff.

    For example if you see the Lehman saga , though there was uncertainty over couple of days , most of them are in-the-same job with no possibility of bonus this year and till the economy again picked up .

    But yes , things are bad for firms who were directly affected by sub prime and credit crunch.

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  2. I have a little nagging worry that these are the same (but later generation) MBA skills that contributed to banking being in the mess it's in. Or is that too cynical of me?

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