MBA Won't Protect You From Layoffs: Broker CEO

CNBC reports:

The chief executive of a top ten U.S. retail brokerage firm is predicting another round of layoffs in the financial industry over the next quarter—and not even an MBA from a top tier school may offer protection.

John Taft, the Chairman of the Securities Industry and Financial Markets Association (SIFMA) and the CEO of RBC U.S. Wealth Management, said he's hearing firms are planning to cut back due to the skittish market and softening economy.

Just a reminder.