It's surprising to me that Microsoft hasn't had to lay off more people. They currently have about 90,000 employees, according to Wikipedia. (By way of comparison, Google's entire workforce is only 20,000.) So many employees, so little innovation.
I skimmed the article but I believe this is the frist time in Microsoft history they have had an across the board job cuts. I'm not a techy (wish I was), but I've never been impressed with microsoft products as much as their ruthless business techniques. (Sidenote: if i were looking for a job in this market . . . I would be looking for a government job . . . they are the only ones looking to spend money right now.)
that doesn't include doctors, probably admin staff? if universal healthcare happens, who knows what happens to salaries....
A lot of it involves being in an industry that is upcoming. For several years I always wondered why/how people in investment banking and finance pulled money. Turns out it was kind of a sham (because they don't really create that much value themselves). You're right heathcare is a big thing for the future especially with the aging baby boomers, and in particular Heathcare + IT is a lucrative combination. I also think that Green Energy (or whatever term you want to call it by) has a lot of opportunities forward too. To really be satisfied in my career... I want to help PEOPLE. If I'm doing a sales-related job, it needs to be about a product that I am passionate about and can really get behind. Maybe some project management. I really do see myself in a higher level position by the end of my career. I guess that means I should head to MBA school pronto. The only other thing I've been pretty interested in lately is Economics, and I wish I would have studied it more when I was in school. I absolutely destroyed the lower level course, and think that data analytic is interesting. But I don't want to be a Network Manager, or making cold calls, or developing a website. I'd rather write the content of the website than build the design/functionality of it. But like I said, many of my experiences lead toward the technical side and I feel that the more I do activities in this field, the more I feel pigeonholed into the industry. Eh...time to look at MBAs. Maybe the UO Sports Management program.
Thanks. All it really had to say was to be specific and not generic. Throw sales numbers around and such. It's more like one tip, but it is an important one.
This statement tells me you have little idea what an investment banker does. They make it possible for companies to have the capital to grow, either through debt or equity. They help save companies and, by definition, save jobs by finding potential partners for struggling firms or getting needed capital. Finally, they provide an advisory function to both companies and to investors.
Only if you're a Senior Associate or lower. And there's a bit more to it, but yes, 18 hours working on comps does suck.
You mean pretending to do spreedsheets. Or maybe they were doing spreedsheets, but boy did they mess those up. No worries . . . gov't will bail out their shoddy work.
No, I have a pretty good idea what people in the financial industry do. I have a few friends that work on Wall St. and some of my biggest college mentors were professors with a finance background. What you said is correct, and there is definitely value to be had there. But the massive amounts of money that nearly everyone makes seems pretty insane. The money is so lucrative that a read an article last month about how America's intelligence has been watered down because all the bright children were tempted by the Wall St. money and went into derivatives trading rather than becoming scientists or other similar careers. I just don't think the amount of money that Wall St. pulls in is equivalent to their value. They take a higher percentage. Regular employees can easily make six figures after bonuses. Executives walk away with multi-million dollar bonuses even if they were risky and careless, losing money in the year. I actually thought about finance...for a while I was tempted to major in it. With my strong math skills I figure I would be able to hold my own in that arena. But that was about when the housing crisis started to hit and I saw the future for this industry was not going to be immediately pretty. But anyways, I just look at the money they make and can't see how they really DESERVE it for the services that they produce.
