Paris Derivatives Jobs Burn as Market Rues Exotics - Bloomberg
Written by Petter Kolm   

“Before the crisis, I thought there was a 90 percent probability the internship would end with a job,” said Bary, 24, who finished her six-month stint in January structuring insurance products at the bank’s derivatives unit.

Exotic equity derivatives, typically traded over the counter, have fallen out of favor with investors concerned about the risks associated with opaque financial instruments, said Petter Kolm, deputy director of mathematics in the finance masters program at New York University.