We talk a lot about job losses, let's discuss the current job market to build a balanced view, it will help us making decisions.
14 replies (most recent on top)
Post ID: @1rsd+1szz4ohx What the Fvck is Oxbridge ? Another Citi genius with prodigious intellect ! LOL! Surely OXFORD UNIVERSITY in the United Kingdom will change its name To Oxbridge. ROTFLMFAO!
The job market is challenging due to recent layoffs in IT, finance, and auto companies. Stable sectors for Fintech employees include healthcare, insurance, and accounting firms. I am hardly able to find job and even for contracting positions, pay nearly 2/3 of old salaries. Looking to pivot to new businesses like shops or services which can provide additional income.
Citi employees are outdated in emerging markets, with many young people filling AI-related jobs . Companies have their own management ladders and reference based filling positions, and it's best to experience unemployment for a while and decide on your future if you're laid off.
Govt provides 1 year EAD. but my best choice is to move back if you are in H1.
@2fun+1szz4ohx: how are/were people working for Citi, Lehman or Madoff responsible for what the management did or did not do?
Post ID: @1puc+1szz4ohx So did Madoff Securities Inc. and Madoff Asset Management, until they did NOT look good on the resume. LOL!
The job market in the US according to Biten is terrific, the best of all time. In reality, the job market svcks!
aca+1szz4ohx: that's a stupid statement. Citi is a large investment bank - it will always look good on the resume.
@ixt+1szz4ohx: you are probably looking at a top 10 uni in the world graduate - Ivy league, Oxbridge, etc. . Anything below that and you will be working hard on networking and relying on your luck.
Your chances of getting selected for an interview are reduced by the fact that you have Citi on your resume. The candidate pool is massive. Hiring companies can definitely afford to be selective.
Europe is just a backwater
@phf+1szz4ohx - what is the top one percent look like, I mean skill wise, experience wise...
Thank you.
@yak+1szz4ohx - Sounds really tough. Guess less of choice means employers have the upper hand...
Hope the situation will change soon.
Job market in Fin Tech in general is abysmal. All banks are laying off as well as tech too. So, combined with slow economic growth, competing for jobs from all your peers in citi and other banks who got laid off, it's tough. Since Jan I have responded to about 1,000 postings - some referred by contacts in my network. It yielded 2 interviews, both for jobs with a salary about half of what I make now and didn't get an offer for either. I've decided to partially retire and a career change to the healthcare industry. Fin Tech has become a total nightmare.
US job market is tough. Don't believe the record low unemployment numbers. Not many jobs out there right now.
Job market in the west will be getting increasingly harder. Economy is growing way slower compared to 50 years ago + immigration is at record levels - luck will be more important than skills for thee average Joe in the coming years, factors like nationality, s-x, being at the right place at the right time, etc. . Only the top 1pct in terms of skills will still be fine.