If they could do it all over again, almost a third of traders and investment bankers in their prime would pick a different profession.
Bloomberg News reports that bonuses crimped by regulation and choppy markets, long hours and job security threatened by cost-cutting have taken a toll on finance job satisfaction: 30% of investment bankers and 32% of traders ages 35 to 45 said they would’ve gone into a different trade, according to recruiter Options Group. The survey reached 1,467 workers in the U.S., Asia and Europe in a survey completed this month.
While job satisfaction fell this year at big banks, investment boutiques and hedge funds, the drop was most pronounced at the biggest global investment banks: 51% of respondents were satisfied with their jobs, compared with 58% in 2014.
Investment bankers cited the buy side - that is, hedge funds and pensions (8%) - along with medicine (7%), private equity (6%) and engineering (5%) as the most appealing alternative careers.
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