What does the job market in your field look like?

CptObvious

Platinum Member
Mar 5, 2004
2,501
7
81
For me, I'm 27 and graduated with a law degree in '05, then worked at a small firm until June '07. I ended up leaving for a couple reasons (talk of the firm closing because of finances; plus I was itching to travel out of the country for the first time). I took 8 months, and somehow during that time the market tanked. I came back and places that called me for an interview had to drop the positions. The state's cut about 300 court jobs and most places around here advertising positions have been swamped with applicants.

So I've been unemployed for 3 months and have been seriously considering going to Asia to teach English for a while (no problem finding work there), as a last resort. I'm trying not to think about why I spent $50K on a law degree to teach something I could've done with my bachelor's (enough things keeping me awake at night).

I'm not much of a drinker but I think I need a :beer:
 

Koing

Elite Member <br> Super Moderator<br> Health and F
Oct 11, 2000
16,843
2
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Merrill's sacked off 10% of their work force, Lehmans hacked 5% and a lot of the IB for Trader Support roles took back their positions, but I am getting interest from a few recruiters even though I got a new job 2 weeks ago. I got lucky and got this job, just a bit before the markets was getting smashed.

It's all good for me. My company did sack this guy before his 6month probation though. He was making a few too many mistakes that was costing the company £££. But they were careful to say that this is an exceptional case and they are not like Goldmans or other IB that run a bell curve to sack the lowest performing 10%!

Just roll with it CptObvious. Things will pick up for you :thumbsup:. I had quite a poor paying first job out of Uni, got some experience, got lucky with the 2nd job and now on the 3rd job in just under 3yrs of graduating.

Koing
 

Riceninja

Golden Member
May 21, 2008
1,841
3
81
Dead as hell, I'm a recent finance graduate and with the way the market is right now, it's tough getting into jobs like i-banking or commercial banking
 

PricklyPete

Lifer
Sep 17, 2002
14,582
162
106
From my perspective it seems fairly even. I'm an SAP consultant and while there are some companies putting SAP implementations on hold or rethinking their chose of SAP for a less expensive product, my company still has more work (and prospects) than we need and I don't think we're the only SAP consulting company in that position.
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Structured finance has been the hardest hit on Wall St. My group has only lost one person so far, so we've been pretty lucky. 64,000 layoffs on the street so far and it's still running. Koing, Lehman's cut way more than 5%, I know they've cut at least that this past week or in the next, let alone what they've done already.

RBS is going to shed a lot of ABN Amro people, JPM is going to let go 5k+ Bear Stearns people.

Not great.
 

Toonces

Golden Member
Feb 5, 2000
1,690
0
76
I'm an English teacher in Japan... uh, you answered the question for me in your OP :p
 

Koing

Elite Member <br> Super Moderator<br> Health and F
Oct 11, 2000
16,843
2
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Originally posted by: LegendKiller
Structured finance has been the hardest hit on Wall St. My group has only lost one person so far, so we've been pretty lucky. 64,000 layoffs on the street so far and it's still running. Koing, Lehman's cut way more than 5%, I know they've cut at least that this past week or in the next, let alone what they've done already.

RBS is going to shed a lot of ABN Amro people, JPM is going to let go 5k+ Bear Stearns people.

Not great.

The 5% was just the quoted figure that stuck out a few weeks ago.

Citi group at Canary Wharf has been the biggest sacker apprently. This Bears guy who was there for 22yrs was let go. I think he got a months salary for each year he stayed and he was probably on some fat salary after 22yrs there! So not bad for him. I was lucky in that I had 2nd rounds with Bears for trader support then the JPM thing started!

My mates mate got a £450 ~ $800 contracting job at ABN. Pretty SICK man...

Koing
 

edro

Lifer
Apr 5, 2002
24,326
68
91
It took 3 months of intensive interviews to find 2 electrical engineers in our group.

They seem to be rare these days.
 

KentState

Diamond Member
Oct 19, 2001
8,397
393
126
I have open positions in my group, but I'm having a hard time evening finding qualified applicants to interview.
 

Jawo

Diamond Member
Jun 15, 2005
4,125
0
0
Well businesses will always need Internet access....but the company is quite volatile recently. I can always be a programmer for the govt though! :disgust:
 

Mide

Golden Member
Mar 27, 2008
1,547
0
71
I used to work IT for a State University. That was fun but boring. A year ago I dropped that and went to China to teach English. It has been an experience but I so want to come home. Bad thing is that the IT market is still as dry as it was after the dot com crash of 2001. I'll be going back to school for Accounting and see where that takes me. If you want to just get outta dodge for a while and experience something different, I would highly recommend teaching overseas. Unemployment sucks and you could be employed over here in as little as 2 weeks. I would recommend going to Korea or Japan though...China pays the lowest in terms of salary.
 

PricklyPete

Lifer
Sep 17, 2002
14,582
162
106
Originally posted by: KentState
I have open positions in my group, but I'm having a hard time evening finding qualified applicants to interview.

A lot of times during downturns in the economy, there area lot of jobs for people with particular skills...but companies are very wary to hire people with little experience.
 

saxophonoia

Platinum Member
Nov 6, 2003
2,835
1
0
Originally posted by: PricklyPete
From my perspective it seems fairly even. I'm an SAP consultant and while there are some companies putting SAP implementations on hold or rethinking their chose of SAP for a less expensive product, my company still has more work (and prospects) than we need and I don't think we're the only SAP consulting company in that position.

The enemy :) I'm a JDE admin and I'm seeing the same thing as you. Even if there are fewer implementations...companies will always need some kind of support down the road.
 

Danman

Lifer
Nov 9, 1999
13,134
0
0
IT consulting field is strong, although I'm focusing more on server consolidation for cutting costs due to the ever-shrinking budget here in the State of Florida. So, more VMware and Red Hat Linux, which is where I wanted to be. ;:D
 

Descartes

Lifer
Oct 10, 1999
13,968
2
0
I'm in IT/business process consulting, and we have so much work that we almost can't keep up. It's hard to find the right people to join the company, and so you're left with an accumulation of work that never seems to get smaller.

Good luck to you OP!
 

moshquerade

No Lifer
Nov 1, 2001
61,504
12
56
Job Outlook

Dental hygienists rank among the fastest growing occupations, and job prospects are expected to remain excellent.

Employment change. Employment of dental hygienists is expected to grow 30 percent through 2016, much faster than the average for all occupations. This projected growth ranks dental hygienists among the fastest growing occupations, in response to increasing demand for dental care and the greater use of hygienists.

The demand for dental services will grow because of population growth, older people increasingly retaining more teeth, and a growing focus on preventative dental care. To meet this demand, facilities that provide dental care, particularly dentists? offices, will increasingly employ dental hygienists, and more hygienists per office, to perform services that have been performed by dentists in the past.

Job prospects. Job prospects are expected to remain excellent. Older dentists, who have been less likely to employ dental hygienists, are leaving the occupation and will be replaced by recent graduates, who are more likely to employ one or more hygienists. In addition, as dentists? workloads increase, they are expected to hire more hygienists to perform preventive dental care, such as cleaning, so that they may devote their own time to more complex procedures.
http://www.bls.gov/oco/ocos097.htm#outlook
 

Aharami

Lifer
Aug 31, 2001
21,205
165
106
i dunno. I'll find out when I put my resume out there again. Im hoping it's good and I dont face too much competition for a new job
 

vi edit

Elite Member
Super Moderator
Oct 28, 1999
62,484
8,345
126
Originally posted by: maddogchen
layoffs and everyone trying to keep their jobs. healthcare

Eh?

What position? We can't keep skilled positions filled (Nursing, respiratory, radiology, ect).
 

Svnla

Lifer
Nov 10, 2003
17,986
1,388
126
My field <Business/government auditing and compliance> is booming.

I don't have to worry about being outsourced because of rules and regulations <have to be US citizen, can't do our job remotely from oversea>.

As a matter of fact, we need more people in our field to catch the bad guys due to SOX regulations and firms like Enron.