Horrific state of banker re-employment: only 30% are getting new jobs

@JetzArbeit - The article points out that some of the 70% might have gone into hedge funds/left the country/gone off to do something else - it's not all depressing...

Usually ignore the depressing junk that comes e-financial, but felt that I had to chime in on this one as it struck a personal chord........

Last year, I left my job in sector advisory at a large investment bank in London to go to business school. The decision was intensely difficult largely due to fears from the rumour mill around the difficulties of being rehired from places like efinancialcareers, and I was nervous leaving a solid front office role.

I've now returned from b school and started working on the deal team at a private equity fund. I do agree that it was far harder than I had imagined to get rehired through the traditional routes via applications to investment banks, however I did manage to source a lot of opportunities on both the buy and sell side through networking across the city.

My advice for anyone reading this would be to largely ignore this kind of drivel and not to feel either held hostage by your job (if you're considering moving on) or despondent (if you are unemployed) as honestly, the situation isn't so bleak if you network aggressively and build the appropriate relationships. These kind of articles focus on generalities rather than specifics and at best will always lag what is actually happening right now - don't ignore your current options.

I doubt anyone, other than bankers will shed tears for this sector of the unemployed.

Just what an unemployed person wants to read - Efinancial careers really is an incredibly negative website at times

Fortunately I am still in...but for the life of me cannot fathom why such quality people are still on the street while I work with absolute pickleheads.