Q: How is the current situation going to affect jobs in finance?

A from LK: The situation in finance is unclear pending all the legislation. The jobs just may not be as lucrative as in the past for the next two years, but we'll see, my take on that is that if you have talent, are innovative, get along with your colleagues at work and are a good guy and gal, you will always be VERY WELL liked/respected/compensated.

Because of my 11+ years dealing with the financial community at large and at all levels, I have been privileged to hear and see how MDs and HR departments “think” and how they act and react to specific situations/folks. Why and how some are laid off, who is retained and why….(no names are given, just discussions on type of people or related to specific situations/cases are only discussed, so we all maintain a very high level of confidentiality). My point is that you have no idea how a good/ethical and honest personality wins……Always.

I am certain that there will be a greater need for financial engineers in the future, not less, at least in the long run.  Risk management, regulation, and automated trading are all growth industries. The curriculum may change a bit, we always fine tune it and respond to the market conditions.
But yes, the financial system is now hostage to the politicians, so there is going to be some difficulty ahead.

We have placed all but one person in internships (And that MFE12 will concur with us that he wanted ONLY one role and was in a way inflexible, but we respect that and know he will manage to get what he wants for his FT work)

So what does all of that mean?

That the industry knows we are uniquely qualified to recommend for admission the best students in the world; firms respect our internship and full time process and our undeniable energy in making sure we place each and every one of you. They like to work with us and we like to work with them. We act, never react: we always go to the firms who recruit and have an honest/ethical and “utterly” professional relationship with them.