Fed Up: Big Share Of Wall Street's Young Workers Considering Career Switch

Young Wall Streeters have had it up to here.  More than 20 percent of Wall Street employees born since 1980 say they would rather not work in the industry because of the blow its reputation took during the financial crisis, according to a survey from PriceWaterhouseCoopers, cited by Bloomberg. Nearly half of young Wall Street workers are actively looking for another job, the survey found.

These young adults, some of the nation's best and brightest, are rethinking their career choice at a time of near constant bank controversy. In one of the most notorious examples of Wall Street criticism, Greg Smith, a former Goldman Sachs exec, resigned from the firm via a March op-ed in The New York Times, in which he criticized Goldman’s environment as "toxic" in recent years.

He's not alone. Another young, former Goldman worker said the financial crisis took a toll not only on the larger economy, but on the company's reputation.  Still, it may be more than just Wall Street's sinking reputation that's pushing younger workers to look for jobs elsewhere. Industry-wide pay cuts and layoffs have hit the youngest employees particularly hard….

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