<p>As someone who is considering a career in IB, I am concerned with the industry's volatility. </p>
<p>After CitiGroup's recent announcement, I started wondering what all the laid off IBankers are going to do? Meaning, are they just going to settle for low level business jobs, such as assorted brokerage, or can they still obtain relatively prestigious, well-paying ones.</p>
<p>Well most people in IB wouldn't go to brokerage. But it really depends, some will surely get positions at other top firms. Dunno about the rest... might be a good time to get an MBA haha</p>
<p>Laid-off I-banker? There's always management consulting =)</p>
<p>So - even when times are really bad, ibankers still have a skill set that they can effectively apply in other industries? My biggest reservation with this profession is that it doesn't have a material skill that its employees possess, so when the economy deflates, they may find themselves late on their mortgage payments, leaving their homes to foreclosure, and thereby furthering the economic crisis :).</p>
<p>IB helps teach some very fundamental skills that apply to almost every industry</p>