Where Will All the Ex-Bankers Go?
Banking employment is shrinking - and if a recent report by Andersen Consulting is on target, many of these jobs will never return.
By 2000, there will be 20% fewer banking jobs than now. "The Golden Age of banking will not return," Andersen concludes.
Finding the Jobs
Where will the people who had banking jobs get new employment? And what about the generation that is following: What will substitute for bank employment?
This is a question that deserves ever more serious attention as industry after industry downsizes and becomes more efficient in its use of people.
What we must realize first is that in an era of economic prosperity many companies hired too many people. Each six or seven new employees on the front line needed a manager behind …