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&lt;p&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;This morning, Vault held a timely and thought-provoking panel discussion at 7 World Trade Center in Downtown Manhattan entitled &amp;#8220;The Future of Banking: Salaries, Sectors and Uncle Sam,&amp;#8221; moderated by CNBC&amp;#8217;s senior analyst &lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;Ron Insana&lt;/font&gt;&lt;font size=&quot;2&quot;&gt;&lt;font face=&quot;Arial&quot;&gt;.&lt;span&gt;&amp;nbsp; &lt;/span&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;p&gt;&lt;font size=&quot;2&quot;&gt;&lt;font face=&quot;Arial&quot;&gt;Panelist&lt;i&gt;&amp;nbsp;&lt;/i&gt;&lt;/font&gt;&lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;Roben Farzad&lt;/font&gt;&lt;font size=&quot;2&quot;&gt;&lt;font face=&quot;Arial&quot;&gt;, senior writer for &lt;em&gt;BusinessWeek&lt;/em&gt;,&amp;nbsp;described the current catastrophic conditions as potentially &amp;#8216;empowering&amp;#8217; in that they allow graduates to go &amp;#8216;off-label&amp;#8217; without the baggage that might have previously characterized straying from an established path.&lt;span&gt;&amp;nbsp; &lt;/span&gt;&lt;span&gt;&amp;nbsp;&amp;nbsp;&lt;/span&gt;&lt;/font&gt;&lt;/font&gt;&lt;/p&gt;&lt;p&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;Another panelist, &lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;Jonathan Knee&lt;/font&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt; of Evercore Partners, made a related point.&lt;span&gt;&amp;nbsp; &lt;/span&gt;Knee noted that earlier generations of business school students&amp;#8212;particularly at the top schools&amp;#8212;were essentially &amp;#8216;passive consumers&amp;#8217; in their job searches.&lt;span&gt;&amp;nbsp; &lt;/span&gt;Until recently, students&amp;#8217; choices were dictated to &amp;#8216;who shows up on campus&amp;#8217; and &amp;#8216;whatever is hot&amp;#8217; that year.&lt;span&gt;&amp;nbsp; &lt;/span&gt;Well, that was then.&lt;span&gt;&amp;nbsp; &lt;/span&gt;Students now must make their one way.&lt;/font&gt;&lt;/p&gt;&lt;p&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;Knee also noted that the one undeniably hot sector&amp;#8212;restructuring&amp;#8212;will inevitably cool down (&amp;#8220;after the pig passes through the python&amp;#8221;) and those students who chose to enter the field simply because it is currently so busy, may live to regret it.&lt;/font&gt;&lt;/p&gt;&lt;p&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;Although the discussion was specifically intended for would-be bankers and other MBA-types, all of the above advice and observations apply, &lt;i&gt;mutatis mutandis&lt;/i&gt;, to young lawyers and law students.&lt;/font&gt;&lt;/p&gt;&lt;p&gt;&lt;font face=&quot;Arial&quot; size=&quot;2&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; -posted by brian&lt;/font&gt;&lt;/p&gt;

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