How to protect your career from the next crash

Wall street jobs survival

Don't let new stock market highs and a stronger than expected employment report lull you into a false sense of job security.

Another financial shock could be on the way.

JPMorgan Chase Chairman and CEO Jamie Dimon has been warning that a new financial crisis could hit within the next three years. As a consequence, this could have another catastrophic effect on Wall Street jobs.

If it's anything like the 2008 crisis, it could cost tens of thousands of employees in financial services not just their jobs, but also their careers.

Banks since then have scaled back risky activity in their own accounts. Many of the trading and investment banking jobs at places such as JPMorgan, Bank of America and Citigroup never came back.

But there are ways to protect yourself if the system suffers another blow—as long as you can live with less earnings potential. The most stable jobs on Wall Street aren't the most desirable for those looking to bring in big paychecks, but they could offer some safety.