I've never understood why these employees (who are clearly quite intelligent) don't just pursue another career where they have more leverage. After all, I don't think they have any particular love for banking. Being on HN, the obvious suggestion would be software development (not a bad choice, considering the current state of the market), but there are a lot of other options out there as well.
If you fail in software, then you're just an out-of-work programmer. If you fail in banking, you take a two-year timeout at Harvard Business School and raise a search fund before you're 30.
The upside of software is arguably better (fatter rightward tail, more interesting work, more impact, less tied to NYC and London) but the insurance is not there.
If you fail in software, then you're just an out-of-work programmer. If you fail in banking, you take a two-year timeout at Harvard Business School and raise a search fund before you're 30.
The upside of software is arguably better (fatter rightward tail, more interesting work, more impact, less tied to NYC and London) but the insurance is not there.