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American Express: Career Outlook Surveys

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Job Title: Mgr
Location: New York
Submitted on: 01-Feb-04
Job Title Business Outlook Survey
Mgr Business outlook? Well, they continue to hit their numbers with some solid performance. However, this continues to be driven by their best customers and best sectors. Like the 80/20 rule, 80% of their profit comes from 20% of their customers. The credit/charge card sector is the biggest contributor to their profits and its future is debatable. Amex has perpetually lacked new card products and been unable to tap into some key prospect markets for the last 3 years or so. The recent ruling allowing banks to issue Amex cards could help them from a distribution/revenue perspective, but may also create servicing nightmares. It remains to be seen. Employee morale? From colleagues I know, it is better now than it has been in some time, but still not great.

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