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Even if you are an unpaid banking intern, consider your job in the banking industry of being under risk. There are very few businesses that will be immune in the world wide economic recession and banking jobs sure aren't going to be one of them. According to the financial research form Celent, there will be at least 200,000 layoffs of banking jobs from September 2008 until June 2009.
What Jobs Are Affected?
Since jobs in banking covers such a vast territory in the financial landscape, let's look at what the economic experts are predicting to be the banking jobs most at risk:
- Anything to do with real estate. It's not only the homeowners who are hurting - it's also brokers, banks that hold the mortgages and anyone who works in TIC (tenant in common) investing or helping clients to invest in real estate. - Investment bankers in general - Loan processors (especially if the banks continue to freeze credit) - Bank tellers. If no one has any money to use a bank, then there's no need to keep more than one teller line open on a business day.
Unless.