Congratulations to those of you who've managed to stay employed over these last several months. You deserve a prize and that prize is...an all-expense paid trip to India! Or China! Or the Middle East! Wherever, so long as you get your ass out of New York (London, etc). Or maybe that's WHY you've managed to hold on to that paycheck from Morgan Stanley, JPMorgan, Credit Suisse and so on and so forth? Because you haven't put up much of a fight when told to pack your bags? I don't know, it's so hard to tell, what with the hostages being given explicit instructions to answer all queries about being involuntarily shipped off with responses like:
It's not that there isn't enough to do [in New York]...it's more of a reflection of our clients and the growing businesses in China, India, and Middle East.
And:
People understand that this is important. It's clearly that growing our franchises in key emerging markets is an important strategic priority. It's not like you're being shipped off.
And:
I love it here! Getting sent to Mumbai was the best thing that ever happened to me! I would advise all would-be employees to apply directly to this office and save themselves the trouble of starting off in New York and having to wait a few months before being offered the privilege to relocate. I think of this as a promotion.
On the off chance that the aforementioned doesn't sound like something you'd be interested in, that's cool, too. It was a pity gig anyway, and your job's being outsourced as we speak. Even the "data-intensive jobs from higher up the food chain...done by $250,000-a-year Wharton M.B.A's." And after that, "more sophisticated jobs like the creation of derivative products, quantitative trading models and even sales jobs from the trading floors."
Leaving Wall Street For A Job Overseas [NYT]
Posted by guest, Aug 13, 2008 12:31PM
I figure you can live like a king on a good salary in India. Except that its in Mumbai...