There are plenty of stories about people
changing careers when their jobs in finance disappeared. But according to LinkedIn, the social networking Web site, people who transitioned to other industries were the exception. Most stayed in the financial space.
A recent
The blog post has some interesting analysis and a cool graphic.
Other than Bank of America, where the bulk of former Merrill employees landed, and Nomura, which acquired Lehman Brothers’ franchise in the Asia Pacific region, Barclays was by far the biggest beneficiary, scooping up 10% of the laid off talent, followed by Credit Suisse at 1.5% and Citigroup at 1.1%.