According to Crains New York, former Merrill Lynch & Co. banker Mike Howe is moving to New York to help bored finance workers escape Wall Street for far-flung jobs and adventures, from Mongolian venture capital to African charities. The 26-year-old former money manager is opening U.K. startup recruitment website Escape the City Ltd. in the U.S. next month. The company has attracted more than 30,000 members since founders Rob Symington, 27, and Dom Jackman, 28, quit consulting firm Ernst & Young in 2009.
“Escape the City was created specifically to help talented people escape from unfulfilling corporate jobs after we realized that our own feelings of misery and frustration at work were shared by a lot of people,” Mr. Symington said in an interview in London. “We stumbled upon a business opportunity by following a hunch about job dissatisfaction to its logical conclusion.”
“I don't think I've ever met more people who are highly trained and unhappy in banking—except when it comes to the money,” said Peter Hahn, 53, a former Citigroup Inc. banker who lectures on finance at London's Cass Business School. The site “will probably appeal to people who have paid off financial liabilities like student debt and haven't settled down yet to family life. It's a sizeable but niche group,” he said.
Escape the City advertises jobs that meet its criteria of adventure and enterprise, Mr. Symington said. The company, which earned a profit in its first year, spreads the word with weekly e-mails of jobs from Indian microfinance to Moroccan surf camps, and evening events where adventurers regale crowds with tales of skateboarding across Australia or cycling around the world….
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http://www.crainsnewyork.com/article/20110527/FREE/110529882
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