How are Wall Street layoff impacting class 08

<p>Are econ majors still getting interviews? It seems like every 5 years or so - there are big layoffs on Wall Street and then everyone is rehired again. But - is this downturn different?</p>

<p>I asked a friend about this. He is in class of '08 and he said that it did make quite a mess of things: people were scrambling left and right to make plans for the future. Since Wall Street isn't in a hiring 'mood' right now, a lot of the students that would have done finance related work are going to grad school or doing other things like TFA, consulting, etc. </p>

<p>Thus those fields are overcrowded and extremely competitive. It didn't sound like a very good year overall</p>

<p>no, there is no reason at all to believe this downturn is different.</p>

<p>I hear something different. My cousin is an 09 and she has had 3 Wall Street internships (traded in her AP's for an extra term off)...and her friends have had no trouble at all. She says a lot of these jobs are Greek-driven for both male and female.</p>