When Scott Brooks got laid off by American Express in February he decided to turn his back on finance and revive a dream he gave up on many years ago — to become a math teacher.
He happens to live in New Jersey, where state education authorities have long worried about a dearth of math teachers.
Last week he heard about a new program called “Traders to Teachers” being set up at Montclair State University to retrain people in the finance industry who have been laid off in the deepest crisis to hit Wall Street since the Great Depression.
“You get really comfortable with your career, and I was making six figures, and it was nice,” Brooks said shortly after an interview at the university to determine his eligibility for the program, which starts classes in September.
“Sometimes the house has to be on fire before you leave its comfort and start on your journey. The credit card business and Wall Street overall is like that house on fire,” he said.