<p>Seeing that Goldman Sachs is currently in trouble and the whole industry is looked upon negatively, is there still job security as an ibanker? lol</p>
<p>[Goldman</a> Sachs’s Net Soars as Revenue Rises - WSJ.com](<a href=“Goldman Sachs's Net Soars as Revenue Rises - WSJ”>Goldman Sachs's Net Soars as Revenue Rises - WSJ)</p>
<p>of course this is speculation, but it’ll bounce back.</p>
<p>The industry is likely to be viewed negatively for some time , but that does not mean it won’t be lucrative or exciting , if either is your motivation.</p>
<p>There will always be a demand for smart enterprising bankers to manage capital!
As for job security , with great rewards come great risks and IB is no different.If you are lousy or unlucky at your job you will quickly be looking for a second career.</p>
<p>Approach IB as an athlete would approach pro sports , the pay is likely to lucrative , you just dont know how long it will last.If you party like a rock star you will go broke. If you have even a modest but lasting career , you may be set for life.If you hit it big and stay around for a long time or even get into senior management , you will be very satisfied with the career choice. The key is longevity and a bit of luck!</p>
<p>I am lanning a career in I banking as well and I am super worried about the current state of affairs. My room mates boyfriend lost his job with Lehman brothers and moved to London and now he has a cap on his bonuses! My cousin is a VP with JPMorgan and while I dont discuss careers with him, am sure hes worried since he works in commodity. </p>
<p>Was wondering, after the finance regulation bill, are commodity bankers losng a lot of their jbs-I did read 50 bankers lost their jobs (derivatives)</p>
<p>I wouldn’t be too worried to be honest. It’s a pretty resilient industry and it’s bound to bounce back. The collapses that happened a few years ago won’t happen again for a while (imo). </p>
<p>My dad is in IB and he isn’t worried at all. In fact, he said this year was his best year out of 23 years of working. Granted he has a director/managing director position, so he’s not particularly concerned about job security, but the fact that he’s having the best year of his career speaks something given the current economic climate.</p>