Getting A Job - older age, experienced candidates edition I take a lot of pride in our file and rank folk that fight the good fight in finance and that have proven themselves. I hurt to see veterans getting booted and replaced with 24-year old paper boys with Harvard degrees for whom a bad day is a day fighting laryngitis.

If the trend of "Juniorization" of Wall Street continues, it can prove damaging to the institutions that allow it. Experienced workers (with more than 6 years of experience in the industry) are routinely let go and replaced with young talent because the "millennials are the greatest generation" and Ivy League schools churn too many of them. Meanwhile, older workers sit idly unable to get a job. How can they get a job when the HR firewall is a 25-year old genius. Millennial wisdom: If you're not on Snapchap, you don't exist. How many Instagram followers does a 40-year old suppose to have to "make the cut" ? "We look for evidence of your social media influence." an HR Director told a colleague of mine. You know, we need someone that's hungry and driven. We're looking for a data whiz, who "lives and breathes" data algorithms. My colleague: But...I got references ! Sorry, if those references are over 5 years old, they're out-of-date. Tough luck ! A Resume with over 10 years of work history gets dinged automatically.

From the "Juniorization of Wall Street" on Efinancialcareers we find who does that systematically: "On Wall Street at least, the answer appears to be Goldman Sachs, closely followed by Deutsche Bank and Barclays." Goldman Sachs has 30% entry level (Analysts, 0-3 years) workers and ONLY 6% workers with 20 years or more. Please note this is happening in other industries as well, outside of banking in NYC.