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October 23, 2008, 4:14 pm

Laid-off banker? Where to job hunt

Now that Goldman Sachs says it will lay off 10% of its employees, there will be 3,260 more bankers pounding the pavement, writes Fortune’s Anne Fisher in her Oct. 23 Ask Annie column. Have you been laid off from a Wall Street job? Any advice for laid-off bankers?

Many in the financial services industry are retooling for careers in information technology. SAP is one of the hottest areas, and continues to post strong demand for those in the $100k+ range.

People are using self-training programs like “Breaking Into SAP”

http://sapcookbook.com/breaking_into_sap/

Posted By Jim Stewart, Los Angeles, CA : November 14, 2008 3:39 pm

some of the these bankers already enjoy so much windfall in the past two years that their bonus would already allow them to retire. So there is a big group of them who are happily enjoying life after wall-street.

Posted By sam,nw,nw : October 27, 2008 5:54 am

One of the most important things that we tell our clients is to never stop networking. The highly coveted jobs are no longer being advertised, so you have to take it back to basics and pound the pavement. We have a job board and various tools and resources available on our wesbsite at
http://www.jux-ta-pose.com. Please feel free to visit our site.

Best wishes.

Posted By Team jux.ta.pose; Orlando, FL : October 25, 2008 3:11 pm

It’s difficult competing with so many other unemployed bankers. My advice is to spend the time to get your career marketing plan together including your resume, brush up on your interview skills and possibly even hire a career coach. Winging it in the job search or attacking it haphazardly is not an option with so much competition. You can find career development tools on my website at http://www.careermovement.com.

Amy McGeachy
Vice President and Co-Founder of Career Movement

Posted By Amy McGeachy, Camas, WA : October 24, 2008 3:15 pm

These bankers could find work they deserve either as a WalMart greeter or join teh Army or MArines and go serve in the desert.

Posted By General Snuffy, Ft Irwin, CA : October 24, 2008 3:16 am

The economy has definetly softened but I still see thousands of jobs posted on employment sites.

http://www.linkedin.com (networking)
http://www.indeed.com (aggregated listings)
http://www.realmatch.com (matches you to jobs)

good luck to those searching for jobs.

Posted By NYC New York : October 23, 2008 8:26 pm

Annie here. When you see a map like that, there is usually a source line under it (in teeny tiny print!) saying where the information came from. But anyway, the Bureau of Labor Statistics keeps track of layoffs — there’s a lot of information at http://www.bls.gov.

Posted By Ask Annie : October 23, 2008 4:48 pm

A question rather than really a comment. Where is a good place to see current unemployment and related statistics, say by state? I saw a US Map with states colored by numbers of layoffs but where can we see those numbers?

Posted By Alan Morford, Redmond WA : October 23, 2008 4:37 pm
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Anne FisherAnne Fisher, Fortune magazine senior writer, answers career-related questions and offers helpful advice for business professionals. Sign up for her weekly newsletter here.
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