Friday, November 6, 2009

The Road to Hell?

The CFA (Chartered Financial Analyst) Society of Chicago held its first "Uncle Sam Wants You" event in April. We all think about good 'ol Uncle Sam in April anyway, so why not look to him for a finance job?

The announcement was presented as follows:
While Wall Street consolidates, federal government agencies that oversee it are expanding, propelled by ever-growing taxpayer bailouts of financial institutions. The Internal Revenue Service, the National Clandestine Service, and the U.S. Department of State are just a few of the agencies that are actively recruiting financial analysts.

Come hear recruiters from various federal government agencies, which regulate or analyze financial activities or investigate financial crimes, describe their staffing needs and the particular skill sets they seek.
Well, apparently the government job market for finance is so good that another event is planned for December.

Here is the latest announcement:
As a follow up to the inaugural "Uncle Sam Wants You" event, we are pleased to present 3 more agencies looking to hire finance professionals. Come hear recruiters from the Federal Housing Finance Agency, the General Services Administration, and the U.S. Securities and Exchange Commission describe their staffing needs and the particular skill sets they seek.
Should they really be "pleased"?

Don't get me wrong, I applaud the Society for their creativity and advocacy on behalf of its members. Nonetheless, this trend should worry us. It worries me.

We can't all work for the government. Or can we?

Let's just hope there isn't an "Uncle Sam Wants You" - part III.

If so, does collecting tolls at Yosemite count as a finance job?


  1. Interesting. The SEC could really use people who know the difference between revenues and income. As for the rest of the agencies, I don't know their deal. But, the SEC - they need to just replace all the lawyers with people who can who have some notion of business/finance.

  2. I couldn't agree more. They do need us, but do we really want to work for them?