Where Wall Street's Unemployed Can Turn
Generally, when you lose your job, you can rely on friends to help you through. But what if all your friends lost their jobs, too?
Such is the case for many on Wall Street, whether part of Merrill Lynch's "thundering herd" or Lehman Brothers' brothers.
If you're among them, here are some supports to rely on in your job search:
Alumni career services: Business schools have been making significant efforts to help alums, reports the Wall Street Journal. Even career services departments at undergraduate schools may offer some assistance. Also—don't forget your alumni network.
Social network friends: Your social network is likely scattered across the country (or globe), and that's how your job search ought to be. Jack and Suzy Welch write at BusinessWeek.com that downtrodden Wall Streeters first need to pick themselves up, dust themselves off—then broaden their job search across industries and geographical regions.
Online networks like Facebook enable you to quickly scan your friends' locations and their jobs. Ten years ago, you probably wouldn't have called your friend Charlie from third grade, only to find out he was working at a bond firm in Chicago and, hey, they're hiring. Today, you can figure that out quickly and send Charlie a Facebook message.
Recruiters: Lehman's brokers may stick around with Barclay's for now, but they were a hot commodity there for a while. One recruiter I talked with this week said the brokers would find palms wherever they go. There are lots of small, independent firms that struggled to compete for talent with the Lehmans and Merrill Lynchs of the world. If you're willing, they're welcome.
You can read this advice on getting in front of a recruiter from expert Jim Stroud. Also, read his blog here.
The startup community: Check out this new website: LeaveWallStreetJoinaStartup.com. The site shares this raison d'être:
For years, one of the biggest challenges facing New York city based startup companies has been the competition for technical talent. It was very difficult for a venture-backed startup to compete with the compensation packages offered by the big investment banks. Stock options had a hard-time overcoming oversized cash bonuses.
While no one is happy with the turmoil we're seeing facing the financial services sector, and no one is happy to see mass layoffs, this does represent an opportunity for startup companies to attract seasoned, technical talent.
Tags: employment | Wall Street
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They can check out www.linkup.com a clever job board that only shows un advertised jobs directly from a company's website.
Jobs For Credit Hedge Fund Managers
The best jobs for these clowns is to work in a prison cafeteria. We imprison individuals for possession of illegal drugs. They have not harmed one individual accept themselves and now these greedy hedge fund managers lose their jobs and the bonuses that were paid out to the tune of 200 billion over the past 10 years on Wall Street! Give the money back to the shareholders. Impound their property and accounts!
This was nothing but a Ponzi scheme. Arrest the guilty, bring charges against them, try them in court and if found guilty send them to prison and put them to work feeding their fellow inmates. Get them to mop the floors and learn the humility of work.
In 1929 the managers were jumping from windows, today they are exiting in their Ferrari's and Lamborghini's. They destroyed the prosperity of this nation.
Then we need to impeach Bush and Gang. Governor Spitzer was politically assassinated because he tried to expose on behalf of the other 50 states the mortgage loan scam going on. But this Credit derivative scam is much larger.....the total potential losses on the Commercial Credit side is larger than the Global GNP!!!!!!! This is going to wreck the global economy! A depression is now a certainty.
Then we have Bush getting us involved in foreign wars based on lies, proven to be lies by ex-CIA, ex-State department officials. These lies led to the invasion of another nation, that has now cost this country an additional trillion dollars. All the while, Cheney and his buds make billions on "no-bid" contracts in the middle east. Folks this stinks to high heaven and beyond!
Thirdly, it has been proven the votes were stolen via Diebold and Sequoia electronic voting machines. The votes were switched due to an embedded program, that could be manipulated.
Lastly, the Ron Paul delegates, all 215 of them in total at the Republican National Convention were followed, photographed and harrassed by the Secret Service. In the end, only 5 of their votes were recorded and the remaining 210 votes were ignored.
Is there no end to this debasement of Free Markets, the Constitution and our Civil Rights?????????? What next? When the government and our economy collapses will they use the Patriot Act to install their dictatorial rule over us????
My God...is this really happening in America? This conservative is fed up with these masqueraders!!! They are Traitors!!!!!
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