Some of the recruiters I've talked to from larger and smaller firms that never see the "I-bank crowd" are now getting swamped with top applications.
They'd be bonkers to hire any of them, they'll all jump ship at the first sign of the economy recovering.
Until more traditional companies allow for greater meritocracy and faster advancement they won't be able to hold the top talent.
Agreed. Here in the UK one of the remnants of the old class system is that managers will never pay a worker more than themselves. Its never been a problem in the City as the place was just awash with cash (and the traders and their managers were of the same "class" anyway, and they all made much more than the programmers). But in other companies, someone on the "graduate management fast track" will feel a sense of entitlement (comes from being institutionalized) and will bitterly resent anyone with technical skill, whether that's someone who operates a compiler or a lathe. I'm fortunate to have mainly worked for enlightened employers (the CEO of my current company was formerly the CTO) but I know that's not the case in most of the IT world.
They'd be bonkers to hire any of them, they'll all jump ship at the first sign of the economy recovering.
Until more traditional companies allow for greater meritocracy and faster advancement they won't be able to hold the top talent.
Agreed. Here in the UK one of the remnants of the old class system is that managers will never pay a worker more than themselves. Its never been a problem in the City as the place was just awash with cash (and the traders and their managers were of the same "class" anyway, and they all made much more than the programmers). But in other companies, someone on the "graduate management fast track" will feel a sense of entitlement (comes from being institutionalized) and will bitterly resent anyone with technical skill, whether that's someone who operates a compiler or a lathe. I'm fortunate to have mainly worked for enlightened employers (the CEO of my current company was formerly the CTO) but I know that's not the case in most of the IT world.