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Brexit indirectly & directly crushing our dreams

With news that all major investment banks (Goldman, UBS, JP) are relocating at least some of their offices to the likes of Frankfurt, Dublin, Paris etc - I think it's safe to say that anyone who wanted to work in the city has had their chances diminished by this ridiculous decision. Anyone else in the same boat as me and feel incredibly gloomy about city job prospects in 5 years time?

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I dont think Brexiteers are going to be crying over a few wannabe bankers. If you are good enough then you will make it.
Original post by sahil19
With news that all major investment banks (Goldman, UBS, JP) are relocating at least some of their offices to the likes of Frankfurt, Dublin, Paris etc - I think it's safe to say that anyone who wanted to work in the city has had their chances diminished by this ridiculous decision. Anyone else in the same boat as me and feel incredibly gloomy about city job prospects in 5 years time?



No offence, but not everyone in the UK is able to get a top job in the big multinational investment banks; and maybe we should look at the bigger picture over the last decade for most workers who have seen wages driven down due to an oversupply of unskilled and low-skilled workers. Also cost of living is too high due to the EU's protectionist agenda and lobbyists of the big multinationals in Brussels demanding masses of legislation to destroy competition.

Or perhaps its more important for one Blair-loving banking to retire at 30...
Reply 3
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sahil19
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Original post by james813
No offence, but not everyone in the UK is able to get a top job in the big multinational investment banks; and maybe we should look at the bigger picture over the last decade for most workers who have seen wages driven down due to an oversupply of unskilled and low-skilled workers. Also cost of living is too high due to the EU's protectionist agenda and lobbyists of the big multinationals in Brussels demanding masses of legislation to destroy competition.

Or perhaps its more important for one Blair-loving banking to retire at 30...


hahaha that last part made me laugh out loud. it's not just about me or anyone else for that matter - it's about how the service industry is the most important in terms of GDP. I hate what banking has become but it's incredibly important to our economy.
dream to be a banker?

dear god.
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sahil19
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Original post by gr8wizard10
dream to be a banker?

dear god.


i dont want to be a banker ffs ahhahaha - I want to get into banking in some sort but definitely not an analyst or trader, more sales or brokerage - something meaningful.
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sahil19
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(that last post 'something meaningful was ofc satire)
Original post by sahil19
i dont want to be a banker ffs ahhahaha - I want to get into banking in some sort but definitely not an analyst or trader, more sales or brokerage - something meaningful.


don't know how you think you'll get into banking skipping the analyst stage? (unless you're referring to research or have an MBA from a top tier school)

otherwise i agree with what was previously said, if you're good enough you'll make it. always a competitive industry, a little more competition shouldn't stunt the chances of those top performers. in any case, good luck.
Reply 8
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Original post by gr8wizard10
don't know how you think you'll get into banking skipping the analyst stage? (unless you're referring to research or have an MBA from a top tier school)

otherwise i agree with what was previously said, if you're good enough you'll make it. always a competitive industry, a little more competition shouldn't stunt the chances of those top performers. in any case, good luck.


lol thanks - I'll most likely get into something policy related rather than banking but it's always good to keep avenues open.
Original post by james813
No offence, but not everyone in the UK is able to get a top job in the big multinational investment banks; and maybe we should look at the bigger picture over the last decade for most workers who have seen wages driven down due to an oversupply of unskilled and low-skilled workers. Also cost of living is too high due to the EU's protectionist agenda and lobbyists of the big multinationals in Brussels demanding masses of legislation to destroy competition.

Or perhaps its more important for one Blair-loving banking to retire at 30...


Yeah... I'd love to see what these brexiteers have to say about their wages and job prospects when the economy goes to ****.
Reply 10
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I feel so. I'm a European studying finance at a a target and wanted to work and live in the City (have previously lived in the UK during my childhood), but it's hardly going to happen or to be the same now, unless we manage to breverse.
Original post by Terry Tibbs
Yeah... I'd love to see what these brexiteers have to say about their wages and job prospects when the economy goes to ****.


Sorry, you'll have to explain why that will happen. Before the referendum our political class threatened people with economic doom - none of which has happened.
Original post by sahil19
hahaha that last part made me laugh out loud. it's not just about me or anyone else for that matter - it's about how the service industry is the most important in terms of GDP. I hate what banking has become but it's incredibly important to our economy.


It is a significant part of our economy, however the UK is still attractive rather than the eurozone, especially socialist France. Ultimately I think we can improve this once we set up trade relationships with the Commonwealth and wider world.
Original post by usualsuspects
I feel so. I'm a European studying finance at a a target and wanted to work and live in the City (have previously lived in the UK during my childhood), but it's hardly going to happen or to be the same now, unless we manage to breverse.


I am in a similar situation, although I am yet to start my undergrad (that will be in semptember 2018). Fortunately, my hedging has paid off - I know German (C1 level as of now). Oh, and Polish. That being said, I still want to work in London IB, at least for a few years.
Original post by sahil19
With news that all major investment banks (Goldman, UBS, JP) are relocating at least some of their offices to the likes of Frankfurt, Dublin, Paris etc - I think it's safe to say that anyone who wanted to work in the city has had their chances diminished by this ridiculous decision. Anyone else in the same boat as me and feel incredibly gloomy about city job prospects in 5 years time?


The city of London isn't of much concern to people who live in Britain.

Gloomy job prospects for a banker aren't of particular concern for the working poor who because they aren't paid a living wage rely on benefits and food banks despite working.

As for it being a ridiculous decision because of the impact on you as a financial sector worker, well society formed itself around the financial sector in the lead up to the financial 'crisis' so I don't suppose that's of particular concern to people who've had stagnant wages for the last 10 years as a result of the greed within that sector. When the only sympathy they get is 'well they should just work harder or live within their means' can you really be surprised that they couldn't care less about the loss of banking jobs?
have faith in David Davis and the lads, they'll get our passporting rights or a credible alternative.
Original post by ozilll
have faith in David Davis and the lads, they'll get our passporting rights or a credible alternative.


David Davis, who called for the reintroduction of the death penalty, consistently votes against equal rights for LGBT people, and was part of the reason the election was called early?

http://www.telegraph.co.uk/news/uknews/1446827/Shadow-home-secretary-Bring-back-death-penalty.html
https://www.theyworkforyou.com/mp/10162/david_davis/haltemprice_and_howden/divisions?policy=826
http://www.dailymail.co.uk/news/article-4591382/How-David-Davis-talked-holding-snap-election.html
Original post by ozilll
have faith in David Davis and the lads, they'll get our passporting rights or a credible alternative.


Equivalence, at most.
Original post by BigYoSpeck


sounds like your typical conservative tbf, hopefully, that may mean he listens to Phillip Hammond and tries to pursue a Business friendly Brexit.
Original post by james813
It is a significant part of our economy, however the UK is still attractive rather than the eurozone, especially socialist France.


Why don't you call banking what it is - the only industry where Britain is relevant on the world stage. Too bad that industry is screwed now and leaving the country in droves.

Interesting that France overtook you in the ranking of largest economies last year,and will be outgrowing you lot for years, especially now that they have someone at the helm who knows what he is doing and who knows what he has in the EU.

Original post by james813
Ultimately I think we can improve this once we set up trade relationships with the Commonwealth and wider world.


I am sure those former colonies that you exploited for decades and subjected to the occasional genocide will love to do trade with you at great rates! The 'wider world' is laughing at an humiliated, isolated and receding Britain

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