Thread regarding Bank of New York Mellon Corp. layoffs

For banking., probably Strategic pre-Marital Analyst

Chef in cafeteria.

My recommendation would be: health care, an expanding industry that is already broad enough to have lots of choices for a business or finance major. There are corporate jobs, billing jobs, and more. You can port your skills and experience to other health care providers, in other locations. You can work for a large company, or a small office. Sounds like a great industry for a career. So many possibilities! Meanwhile, finance and investment markets are shrinking, so those companies (like BNY) are downsizing. Not much they can do about it. But no matter what you decide, you are young enough to switch industries if/when you are ready. Good luck, whatever you do!

If you're young (under 30) and looking for a position in one of the large banks, do yourself a favor - don't bother! The large banks are lumbering dinosaurs. Look for employment (particularly if you are coming out of college) at internet banks, online brokerage firms, and possibly investment advisory firms. Relocate if you have to! They're the future! These days, working in financial services requires both an understanding of the finance field AND a strong understanding of programming/systems. Advice: The industry is moving heavily into automation - You'll need to keep up with all the changes and innovations taking place in order to stay relevant and survive in the long term. Wish you the best in your endeavors!

The most important is find something you like doing and can see yourself doing for 2-3 years, then you move on and do something else. Just keep learning, never get stale in skills or expect to be with the same co or even in the same industry for more then 5 years. That is all gone.

If banks could and they sure are trying, they would outsource all jobs that they legally could, which are most.

None go and learn a skilled trade you will make more money and don’t have to deal with all this nonsense. Companies are no longer loyal to their employees. Promise you everything, the performance reviews are nothing but BS. They only remember you if you make a mistake. You are given work with minimal requirements, no one knows what is going on anymore. The company motto is get it done fast and if it blows up we will fix it later. Just get it running to please the client.

None. Sorry. You can work in a financial role in many other Industries. You can go into the medical, retail, technology, among others, and still work in a financial capacity. You'd be surprised at what's out there. Bny Mellon and the other companies like it are moving towards automation and offshoring jobs to India as much as they possibly can.

Used to save for retirement at age 65 but finance has new rules, so better count on being early retired at 50.

None. They will all get you laid off when you turn 50.

Depends on how you define "good" or "best" - what's important to you?

• total compensation

• stability

• interesting work

• ability to advance

• learning opportunities

• access to mentors and coaching

• nurturing and supportive teams and management

Different roles will score differently on the matrix above, e.g., Investment Banking jobs will score very high on the first bullet (total comp) but will underperform on the last bullet (nurturing and supportive teams and management)...

So, unfortunately, the answer is 'it depends'....