riverripper wrote:
Everything points to there being a large increase in applications again tihs year (many schools saw 20%+ last year). Remember though the finacial crisis is a lot worse for the banker set but its does impact the other people so applicatoins will increase across the board.
Also I believe that many ex-IBankers and IBankers-wannabe will go for consulting, so competition will be tough across the board.
cbreeze wrote:
International applicants, particularly those who want to switch from IT to IB or MC should reconsider their chances for employment before they embark on such an expensive journey. Banks and consulting companies have traditionally sponsored H -1B visas for their non US citizen employees and landing a job with them from now on will be extremely tough.
It depends. Many internationals were already returning to their countries to work as IBers at their country. That said, this crisis will affect the whole world do even this may change, but I see still many Brazilian Banks hiring at the GSB for instance, and believe me or not, people are getting bigger pay checks there - I've heard the same for HK and South Asian markets in general.