Only one business on Wall Street has been growing consistently since the financial crisis
Over the last three years, the private equity business in New York City has consistently grown, while the rest of Wall Street has either shrunk or grown in fits and starts.
That's according to from The Partnership for New York City's report "At Risk: New York's Future as the World Financial Capital."
The report examines the sectors within the finance industry that gained and lost the most jobs over the last three years.
On average, pay on Wall Street has stagnated since the financial crisis.
And while some hedge funds and banks shed jobs in the wake of the financial crisis, no private equity firms reported staff cuts. They apparently all grew. At a time when some roles on Wall Street are vanishing forever, it should be considered a good sign for aspiring bankers.
Here's the chart:
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Having an regional accent can be bad for your interviews, especially an Indian one: study
- Dirty laundry? Major clothing companies like Zara and H&M under scrutiny for allegedly fuelling deforestation in Brazil
- 5 Best places to visit near Darjeeling
- Climate change could become main driver of biodiversity decline by mid-century: Study
- RBI initiates transition plan: Small finance banks to ascend to universal banking status
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market