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Old 15-02-2012, 10:00 AM
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Yeah I am pretty worried, the job pays well but there is a hire and fire mentality that is more prevalent in the finance industry then in any other previous jobs I worked in. I also noticed people tend to job hop a lot in the finance, but on the flipside, the banks also feel less hestitation to fire.

That is not to say that there is no retrenchment in my previous jobs. The difference is that they try to retain the employee thru adjustments like maybe work 4 days per week instead of 5, cut back on benefits, and only retrench as a last resort. Whereas in banking, they just reach for the axe when times are bad.

Overall, I feel that banking is a lot more volatile. They hire very aggressively and pay very well when times are good, but the opposite is also true.
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