(Fortune) – Investment Banking, once among the most coveted and pay more, the fields of Wall Street, is not always possible to get a break these days. Not only the last two big bags – Goldman Sachs and Morgan Stanley – waived their status as a stand-alone investment banks to portfolio companies of the bank, but they are rivals and the banks are Bank of discharge of business and personnel in masses.

At JP Morgan Chase (JPM, Fortune 500), the investment banking unit of the average is about 3000 jobs, or 10%. Citigroup (C, Fortune 500) 52000 job cuts should affect all sectors of society, even if they are not shown, as is clear from investment banks. Goldman Sachs (GS, Fortune 500) is about 10% of the workforce, as Morgan Stanley (MS, Fortune 500) Institutional Securities Group, which the bank for investment.

Of course, the whole banking sector is in the midst of the global financial crisis, with all institutions and jobs disappear, with the other banks, which can be reduced. But the reduction in investment banking not only the cost of the measure. They reflect a fundamental transformation of investment, the commercial bank. If you dismiss investment bankers to search for a new job, in operation or on your current position, must be ready for a change.

“It’s really a restructuring of the industry,” said Marisa Dinatale, chief economist at Moody’s Economy.com. “This is not the same as a year ago.”

Once the economy begins to improve, mergers and acquisitions of activities and the work should be resumed, said Richard Staite, an analyst of the Bank Atlantic Equities. Other segments, such as fixed-income securities, more time to get back to normality, he said. Unfortunately for banks specialized in structured products such as CDO, to a large income, these instruments can now a thing of the past, “he said.

“There are areas which take a long time to or not,” says Staite.

After this restructuring, commercial bank May need to think about the big firms on Wall Street for the possibilities of employment, consider paying tax cuts, even to think and career and from the banking sector.

Even the banks, the more jobs are precautions to take. In the past three months, more than 5000 employees in the industry have the staff adviser to tap White Rock Group spot for the event, said the company’s president, Gustavo Dolfino. Mid to bankers may be the most affected by layoffs, because they are relatively expensive and not really rain, Dolfino said.

Find the Bank for investment in work, job seekers could have quite openly for the shift in areas where the industry is still hot, like Hong Kong, Shanghai, Dubai, Mumbai or says it.

Another option is the business of the companies that took advantage of talent on the market by the number of square, said the Atlantic Equities’ Staite. These small specialized companies had always been the difficulty of large investment banks rapper who tend the brand and bonus, by the big Wall Street firms. But the shops is always more to the banks that create jobs and reduce bonuses on Wall Street.

During this time, private equity and hedge funds once again some work done by the investment banks, Dinatale said. So there are opportunities there Opening May.

Dolfino the recommendations of survival for the industry with the rapid changes: Be flexible and ready to do more for you again.

Dinatale agree. “What the future of the industry goes,” she says, “you do not know.”