Wall Street’s rebound into the mid 12,000’s creates job opportunities in the financial sector. The economy continues to limp along. And granted, the unemployment rate has barely inched downward from its near double-digit perch, but there is a glimmer of hope for job-seekers. The glimmer of hope is, ironically in the financial sector, the very sector that many people believe was responsible for the recession because of the business practices on Wall Street.

“It’s no secret that Wall Street is thriving again. Bonuses are at the level of the pre-calamity that we went through in 2008 and 2009.” said Alan Eisenberg, an adjunct professor at the University of Bridgeport who teaches taxation classes at the School of Business. “The economy, in general, is not even moving forward. Economic growth and economic job growth is very tepid but there are pockets of prosperity, and one of them is clearly the financial services area, and especially the segment called Wall Street, It’s proved to be very resilient,” Eisenberg said.

Wall Street firms took government hand outs and that helped sustain them. They’re back now, they’re stable and they’re beginning to make a lot of money again. It’s improved dramatically in the private sector and on Wall treet but not in government sectors. Obama’s people have left him, he spent too much taxpayers money, they cannot pay anyone on a government payroll and soon he will be full scale in re-election mode. This year Wall Street hired new graduates. Last year they were frozen referring to the hiring and wage freeze that many companies formerly had in place. The distribution of big bonuses may signal an end to wage freezes and more jobs are being created in the financial sector.

The jobs are in hedge funds, the large insurance industry, investment banks and commercial banks. The insurance industry needs employees with degrees in finance or related fields for a variety of positions. They receive premiums and invest them for returns. All the recent natural disasters actually helped this industry with people realizing how important it is to insure anything you own.

The continued globalization of business also will lead to more demand for accounting expertise and services related to international trade and accounting rules and international mergers and acquisitions. Additionally, there is a growing movement towards International Financial Reporting Standards (IFRS), which uses a judgment-based system to determine the fair-market value of assets and liabilities, which should increase demand for accountants and auditors because of their specialized expertise.

In essence, our government is bankrupt, heads of corporations and their companies get their bonuses and largely go un- taxed. Hard working middle-class citizens have to storm their local governments to try to save their unions and pensions and paychecks. So, join the big guys. They have plenty of money and might be willing for you to be on their team. It’s a job.