Compensation Report: Against Odds, Some Grads Find Wall Street Jobs

Recent news coverage about Wall Street banks have focused mainly on layoffs and government bailouts. And while it is true that thousands of finance jobs have been lost in the past year, the CNN article “Against Odds, Some Grads Find Wall Street Jobs” spotlights recent MBA graduates who have been able to find finance jobs.

The article profiles Mohamed Desoky, a recent MBA graduate from Emory University who will join the Royal Bank of Canada’s New York office as an investment banker. Mr. Desoky worked hard to turn his summer internship at the bank into a full-time position. He went through 48 interviews with many banks to get that internship and even arrived to work one week earlier than expected in order to shine. The article also references John Challenger, CEO of the outplacement consulting firm Challenger, Gray & Christmas, who says, “those who defy the statistics do so by remaining positive and hopeful. They also have to be flexible.”
Although the financial sector is struggling, jobs are still available for recent MBA graduates. Finding them might take a little longer and require a bit more work than in past years, but as Mr. Desoky’s experience demonstrates, getting a finance job after business school is nevertheless possible.

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