November 29, 2011 — Want to Work on Wall Street? Think again.

Times are very tough right now for budding young bankers and traders looking to get jobs on Wall Street with the likes of Goldman Sachs and Credit Suisse. According to a November 2011 article in the New York Times, “The number of investment bank and brokerage firm employees between the ages 20 and 34 fell by 25 percent from the third quarter of 2008 to the same period of 2011, a loss of 110,000 jobs from layoffs, attrition and voluntary departures.” Experts predict that, due to the financial crisis of 2009 that nearly crushed Wall Street and big banks’ continuing struggles, firms like Goldman Sachs are going to hire half the people they used to hire—and that trend is here to stay. To read a more in-depth analysis of the financial sector’s new hiring reality, go to http://dealbook.nytimes.com/2011/11/21/wall-st-layoffs-take-heavy-toll-on-younger-workers/?partner=rss&emc=rss.