Bank CEO's advice to 29-year-old bankers fearful for their futures

Posted by PSR_AXP 14 mths ago

It's never easy losing a job in financial services, but it's hardest when it's never happened before and you're an innocent with no experience of the abruptness of a departure with a box of belongings. At Credit Suisse, the expectation is that replaceable juniors will most frequently fall beneath UBS's knife this year, and some senior bankers who've been through something similar are prepping them for the psychological fallout.

One of the preppers is Richard Handler, the Jefferies CEO with a strong line in Instagram careers advice. In an open letter to "junior and mid-level people who lost their firm", Handler explains his learnings from the time Drexel Burnham Lambert went under in 1990, when he was 29-years-old.

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