Originally Posted by BunsOfVeal
May I ask what are some of the popular destinations of these junior agency staff?
Investment banks hoover up some. Hedge funds are very popular lately (pretty much make the market these days). Sometimes buy side research, a fair number go into sell-side. Depending on what exactly you did at the agency, some people go do credit analysis for a bank, broker, etc. When I wa there, my phone rang continually with recruiters because they knew where they could find bright, underpaid people who have a lot of specialized knowledge.
Generally speaking, it isn't a bad place to go do some time and learn things, its just a hard way to make a living while you are doing it.