The latest social event to hit major cities is something called a Wall Street Pink Slip Party, where unemployed bankers, traders and hedge fund managers get together to network with peers and meet with recruiters.
It’s a kind of a cross between speed dating and a career fair, reports abcnews online. Recently, roughly 400 people crammed into a New York hotspot. Those looking for jobs wore pink bracelets; recruiters and those doing the hiring wore green ones. Price of admission was $20, which was donated to support the Ronald McDonald House.
Similar events have been drawing hundreds of people in various cities. In this economy, making new friends and expanding your network can lead to that next investment banking job opportunity.
Often when people hear about an opportunity that may not apply to them, through an online job listings service, for example, they “pay it forward” to a friend at these networking events, hoping for a little reciprocity later on.