The war for talent is effectively over...This is a vent that changes the whole pattern of the recruitment cycle," he said in reference to the Lehman failure, adding that this month there will be significantly more jobseekers than jobs..." - Robert Thesiger, financial recruiter on Wednesday.
"In direct response to the volatility of the financial sector, many banking lawyers are actively looking at career options outside the financial services sector, with many heading back to private practice or considering careers overseas in areas such the Middle East" - Ricky Mui, legal director and banking specialist with recruitment firm Robert Walters
"The first thing we're telling people is you need, right now, with the current environment in the financial sector, to ask yourself whether you want to stay in the financial sector." - Darin Manis, chief executive officer of RJ & Makay
"If you have a job with one of the surviving banks, you come into work early and leave late. If you’re in a bank that filed for bankruptcy or was acquired, you say goodbye to your friends and send out resumes to get a new job... That’s because there are fewer and fewer chairs and more and more bankers scrambling to sit down on them." - Peter Cohan, who runs who runs management consulting and venture capital firm Peter S. Cohan & Associates.
"...Beware of the 'poverty of ambition' in a culture of 'the big house and the nice suits.'.." - Barack Obama, May 2008
"[Hedge Fund Managers need to ask]: Can I retain staff during this period and how long will it take to get back to the high water mark?" - David Billings, partner at lawyers Akin Gump.
