Unemployed bankers face career choice as sector collapses

It's time to empty the wine bottles, clean the ashtrays and do something about the stains on the carpet. The party is over.

The investment-banking boom, which ran from the mid-1980s until the start of the credit crunch, has now ended. There's no point in thinking you'll get another job. There won't be any.

Even though the industry will survive in some shape or form, it will be a shadow of its former self. It's time to start a whole new career, preferably one that offers lots of money and lets you swagger about the world like a king.