<p>Going to Vancouver means a 50% pay cut though, even with the stronger CAD. Not something I'd be willing to do.</p>
<p>today's economy is a global economy. a lot of companies are doing business aboard. there are still opportunities there.</p>
<p>===
Banker</a> Times
news by bankers, for bankers.com</p>
<p>Correct me if I'm wrong but investment banks are some of the few places to work at right? Yeah, it's one of the best type of place to work at but I mean, with a Finance degree you could get a job at the hundreds of thousands of companies, work for the government, work in the Board of Education handling finances and stuff...you could even open up a consulting firm right?</p>
<p>Yes, as far as consulting is concerned, you COULD go freelance straight away. But I don't think it's recommended since you need to be at a firm to make those connections that are going to become clients when you do go freelance. BTW freelance is a lot more work, since you have to do your own travel arrangements, do your own billing, do your own accounting and everything else.</p>
<p>
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how's the outlook of corporate law?
[/quote]
</p>
<p>Heller Ehrman law firm to dissolve Friday</p>
<p>In the words of Bill O'Reilly:</p>
<p>"This ****ing thing sucks!"</p>
<p>
[quote]
how's the outlook of corporate law?
[/quote]
</p>
<p>It's actually pretty good. Heller is dissolving but none of the top shops are laying off anybody and any layoffs that are happening are largely not at the top firms and constitute about 1-2% of attorneys. Nothing like the axing going on in banks. Then again that's the <em>draw</em> of law, you get a stable income that's pretty good (overall 190k first year) but you don't make the BIG money like you can in finance. But to make the big money you have to take risks and when those risks fall through you get to where we are today in finance.</p>
<p>Give it 6 months. If thing stay slow or stuck they will shed people fats. It has happened before.</p>
<p>
[quote]
It's actually pretty good. Heller is dissolving but none of the top shops are laying off anybody and any layoffs that are happening are largely not at the top firms and constitute about 1-2% of attorneys. Nothing like the axing going on in banks. Then again that's the <em>draw</em> of law, you get a stable income that's pretty good (overall 190k first year) but you don't make the BIG money like you can in finance. But to make the big money you have to take risks and when those risks fall through you get to where we are today in finance.
[/quote]
</p>
<p>That's what I figured. Law firms have (so far) been weathering the *<strong><em>storm pretty well. And I'm expecting the demand for bankruptcy/restructuring lawyers (COUNTER-cyclical specialties) to explode with all these bank failures. I figured just like consulting firms they're weathering this *</em></strong>storm better because they have countercyclical offerings. But one never knows :)</p>
<p>I mean lawyer pay's gone up even after 9/11 and the recession that followed it....</p>
<p>Lawyers in general haven't been doing very well. If you don't go to a T14, it seems that you're stuck in a mediocre job. There was an article on it - I can't seem to remember where it was from (Time or something?)</p>
<p>I suppose it matters what you want to do if you wind up at a mediocre job. My brother's at a law school that by no means is a top one (and we're all pretty sure the only reason he got in is because our step-brother went there before him...and the reason we think that brother got in is because his name is a more typical "black" name and the admissions committee didn't believe him when he said who he was...anyways...), but he's always wanted to work for the DA's office. He got a job with connections through his school at the local office in Philly and got assigned into a group that focuses on cases with Eastern Europeans since he's fluent in Russian.</p>
<p>Probably not quite the job that most people on CC are looking for, but for him, it's a dream job for where he's at in his career.</p>
<p>The next big thing for prestige whores? Consulting. McKinsey, Bain, and BCG are going to be the next golden calf for snobtards.</p>
<p>Consulting used to be a big in the 80s.</p>
<p>Wall Street Law Firms Face an Uncertain Future
The current financial crisis has sent the sector into overdrive, but many see legal business drying up on a downsized Wall Street </p>
<p>Wall</a> Street Law Firms Face an Uncertain Future - BusinessWeek</p>
<p>Good riddance.</p>
<p>Management consulting has always been popular among prestige wh0res. </p>
<p>With much of Wall Street investment banking dead, I expect management consulting to become even more competitive.</p>
<p>Of course, there's always this unfortunate possibility that ibanking and Wall Street can come roaring back, thanks to this stupid bailout plan being passed. I thought Silicon Valley was dead when the dotcom crash took place in the early 00s, but now I'm hearing that tech and the dotcom is hotter than ever so there's always the possibility that ibanking will come back like Silicon Valley.</p>
<p>If IB comes roaring back, so be it. More consulting jobs for the rest of us that want to do consulting for the work, not for the money or prestige. ;)</p>
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Another indicator that shows the region has not quite recovered from the dot-com crash is the number of jobs available, according to the study. Between July 2006 and July 2007 non-farm employment in the San Jose metropolitan area grew by 2 percent, but employers were still offering 144,700 fewer jobs than in July 2000. </p>
<p>Despite the lack of jobs, the population of the county continues to rise, with nearly 200,000 new residents since 1997. As a result, the percent of the population that is gainfully employed has dropped by ten percent, according to the study.</p>
<p>The jobs that are available to residents on average pay less than the dot-com jobs they replaced, and the California Employment Development Department predicts an ongoing deficit of middle-income jobs. Of the top ten projected available jobs, five of them pay on average pays $11 per hour, four pay more than 150 percent of the median — $33.09 per hour — and require a bachelor's degree while only one, that of an office clerk, pays a middle-income wage and does not require higher education.
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<p>Palo</a> Alto Online : Study: Many Silicon Valley families struggling</p>
<p>omit 10char</p>