# Prof. Roy Smith on the outlook for banking jobs

1 Faculty News August 30, 2012 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2012-08-30/banking-careers-swing-toward-compliance-after-dodd-frank.html) -- "Banks were reluctant to cut their staffs even more than they did after the 2008 crisis because they counted on the economy improving more than it has, said [Roy Smith](http://www.stern.nyu.edu/faculty/bio/roy-smith), a finance professor at New York University’s Stern School of Business and a former Goldman Sachs partner."

[Read more](http://www.bloomberg.com/news/2012-08-30/banking-careers-swing-toward-compliance-after-dodd-frank.html)