Banking Careers Swing Toward Compliance After Dodd-Frank
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After a three-decade career in banking, John Hurst found himself unemployed in November, caught up in Bank of America Corp.’s plans to cut more than 30,000 employees by 2015.
Hurst tried for three months to find another position in the industry, figuring his 26 years at the bank, most recently as a vice president reporting completions for required courses, would help. After a few interviews and no offers, “I started thinking, what is Plan B?” he said. “I haven’t had to look for a job in 37 years.”