Last Updated Sep 22, 2008 2:27 PM EDT
- The Find: If you're just starting out in financial services (or even if you're a good number of years into your career), you could be forgiven for being less than sanguine about your prospects, but one business school dean has told financial sector hopefuls that there is room for optimism.
- The Source: Comments from Dean Glenn Hubbard of the Columbia Business School passed on via the Public Offering blog and the FT Management blog.
- Old people: "An aging society puts pressure on the demand for a whole variety of financial products and services. This isn't as well developed as it should be in the U.S. or the U.K., let alone in many emerging economies, and the number of return income vehicles, insurance products and so on will increase."
- Developing economies: "Many of the big emerging economies are improving their domestic demand, which will generate a huge demand for financial services as they exit from the state provision of services to the market."
- Globalization: "Anyone who says that the financial sector is going to shrink out of business has not been through these cycles before."
The Question: Financial services workers, which is the wiser choice: to abandon ship and try a whole new career or to keep paddling away upstream?