One of my recent and important observations is that the interest in finance is declining. As I am teaching n London Undergraduate courses in Economics and Finance I see that people are less and less convinced to pursue a career in finance. My students claim, that "they found that Investment Banking is not for them...". They now prefer to go for management consultancy or government organization. The same is with my fellow PhD Students. Many of them decided that they want to abandon their Investment Banking dream, as the industry will probably not offer opportunities for many years to come.
The falling interest in finance is a big concern for many Banks in London. They now that if they lose the reputation among graduates it will be very difficult for them to fuel expansion when markets recover (if they do). The situation similar to that from 2001-2002 may be repeated... Then banks just couldn't find qualified graduates to fill their graduate programs.
Situation may be repeated, as nowadays the banks not only lost their earnings potential, but also a big part of a reputation. This is not likely that banking will be treated as prestigious profession anytime soon.
The falling interest in finance is a big concern for many Banks in London. They now that if they lose the reputation among graduates it will be very difficult for them to fuel expansion when markets recover (if they do). The situation similar to that from 2001-2002 may be repeated... Then banks just couldn't find qualified graduates to fill their graduate programs.
Situation may be repeated, as nowadays the banks not only lost their earnings potential, but also a big part of a reputation. This is not likely that banking will be treated as prestigious profession anytime soon.
