For better (or worse), ibanking is dead in the way we once knew it. Lehman Brothers ain’t coming back three or four times this semester tossing magnetic clips and shiny brochures at eager undergraduates and touting their numerous job opportunities.
The seniors this year will be pouting, missing out on the chance to sell their lives for a bazillion bucks a year. (Perhaps it’s too late for them to change their ways.) But, the juniors, sophomores and freshmen should take this as a sign of what will most likely be a turning point for the better when it comes to selecting a career.
If you have no idea what ibanking is, bless your soul. And for those who do know of it, this is why the death of 50% of the e-recruiting jobs is good for you.