Search
Departments
Web Seminars
Resource Directory
Reader Services
Advertisement
Show
Sectors
- Accounting & Finance
- Asset Management
- Capital Markets
- Commercial Banking
- Commodities
- Compliance / Legal
- Consultancy
- Corporate
- Credit
- Debt / Fixed Income
- Derivatives
- Equities
- FX & Money Markets
- Global Custody
- Government
- Hedge Funds
- HR & Recruitment
- Information Services
- Information Technology
- Insurance
- Investment Banking / M & A
- Investment Consulting
- Investor Relations / PR
- Islamic Finance
- Operations
- Private Banking / Wealth Mgt
- Private Equity / VC
- Quantitative Analytics
- Real Estate
- Research
- Retail Banking
- Risk Management
- Sales & Marketing
- Student
- Trading
- Latest
- Most Popular
-
Survival Tips for Prop Traders
Prop traders have become an endangered species as the Volcker rule forces banks to jettison their prop trading operations. But the betting money is that most will end up on their feet. Russ Gerson of the Gerson Group says that the "talented guys have nothing to worry about." The majority figure to be snatched up by hedge funds. Others will simply shift over to their bank's fund unit, as is the... Read more
By Scott Krady, 02 Sep 2010 - 0 comments
-
Global Roundup: Banks in China Need Tech Help
Banks in China need more techies [China] Banking IT professionals are in demand in China. Standard Chartered is, for example, hiring for roles including CSS technical managers and senior technical analysts. But firms have high standards about the type of people they want to take on. ECM picks up again, but talent is scarce [Japan] ECM recruitment has been picking up in Tokyo. Question is: will it stay that way? Oh to be... Read more
By Mark Feffer, 02 Sep 2010 - 0 comments
-
BNY Mellon Wealth Management Moves into Canada and Sees Hiring in 2011
BNY Mellon is making its first foray into Canada’s wealth management market, hoping to tap into the fifth-largest population of millionaires worldwide with the planned acquisition of I3 Advisors of Toronto. Within the next 12 months the global financial services company plans to hire new staff to fuel its expansion. BNY Mellon anticipates no new hires immediately, says spokeswoman Susan Rivers. However, “looking into 2011 we definitely think we will be... Read more
By Janet Aschkenasy, 02 Sep 2010 - 0 comments
-
The Next Few Weeks Will Be Crucial to This Year’s Redundancies and Next Year’s Hiring
As of next Tuesday, everyone will be back from, well, summer. If big investment banking job cuts in October and November are to be avoided, the summer apathy needs to lift – fast. Last month the Financial Times pointed out that trading volumes were down 30 percent year to date. And The Wall Street Journal illuminated the fact that the 18 trading sessions after Labor Day will be crucial for third... Read more
By Sarah Butcher, 02 Sep 2010 - 0 comments
-
Thursday's Headlines: IT's in the Crosshairs as RBS Cuts 3,500 Jobs in the UK
RBS said it will cut 3,500 jobs in the UK and close 10 offices. The bank is aiming to reduce costs by eliminating technology and administrative positions. The move follows last week's announcement that the firm would scale back its insurance business by shutting 14 offices. CEO Stephen Hester has eliminated more than 20,000 jobs since RBS was rescued by the government two years ago. [Bloomberg] Meanwhile, HSBC said many banks... Read more
By Anonymous , 02 Sep 2010 - 0 comments
-
People: New Chief of Alternative Investments at UBS Wealth Management Americas
UBS Wealth Management Americas named former Morgan Stanley Smith Barney exec Jerry Pascucci, as head of alternative investments. [WSJ] Citi hired Endre Markos as head of Asia-Pacific ECM for its securities and fund services business. Markos joins the bank from Bloomberg and will be based in Hong Kong. [FinanceAsia] Hedge fund consultant Atrato Advisors hired Michael Boensch and Danny Santos, two research professionals, in New York to meet client growth. [Finalternatives] The SEC... Read more
By Anonymous , 01 Sep 2010 - 0 comments
-
Applying to a Chinese Bank: What to Expect
If you’ve never applied for a job at a Chinese bank before, what should you watch out for? And how does the application and interview process differ from that of other firms? First of all, the large state-owned Chinese banks – such as ICBC and the Bank of China – do not typically hire externally for senior roles, preferring to recruit graduates and promote them until they reach management. However, commercial... Read more
By Leanne Wang, 01 Sep 2010 - 0 comments
-
Wednesday's Headlines: Volcker Strikes! JPMorgan Plans to End Prioprietary Trading
JPMorgan's getting out of proprietary trading to comply with new curbs on investments banks. Those on the commodities desk have reportedly been told they'll be out of work - less than 20 traders are affected there, and only one of those is in New York, the rest are in London. The bank is also reportedly considering close the fixed-income and equities desk, where another 50 to 75 employees work. [Bloomberg] Finra... Read more
By Anonymous , 01 Sep 2010 - 0 comments
-
New York May be Recovering, But Finding Work Is Still a Slog
More on the story of New York's recovery: Yes, the city's economy is looking better. And some banks are even handing out bonuses early. But if you're looking for work in a top bank, don't exhale just yet. While some firms, such as Nomura, have added headcount and plan to add more, others like Barclays Capital are still in cutback mode. At the same time, areas such as M&A, hedge funds... Read more
By Anonymous , 31 Aug 2010 - 0 comments
-
ECM Killed the M&A Star
M&A professionals are finally becoming more in demand as Asian deal making rises close to levels last seen in the pre-GFC boom. But because banks have recently been so focused on ECM, they are now facing serious skill shortages in M&A. According to Dealogic, Asia Pacific companies have made $132.7 billion of offers for companies outside their home country so far this year, compared with $142.7 billion in the same period... Read more
By Simon Mortlock, 31 Aug 2010 - 0 comments
- Latest
- Most Popular
-
Recruiters Not Responding? Here's Why
A recent story showcasing recruiters' complaints about "crazy" candidates seems to have hit a nerve among many of our users. Several comments draw a link between overeager job-seekers - who recruiters may view as pests - and uncommunicative recruiters whom sincere and well-behaved job-seekers may label rude and unprofessional. The question of whether recruiters should be more responsive to candidates who've been eliminated from a client's interview process (and those job-seekers... Read more
By Jon Jacobs, 01 Apr 2009 - 42 comments
-
Our Take: Avoiding the 'Overqualified' Trap
The longer this recession goes on, the more transitioning professionals will stumble into the "overqualified" pit. Too much of a good thing is wonderful, said Mae West. But that's not how hiring managers see it. Relevant work experience, advanced degrees and credentials - while prerequisites for many finance jobs - can disqualify as well as qualify. If a candidate previously held a role at a higher level than the one she's... Read more
By Jon Jacobs, 08 May 2009 - 32 comments
-
Look Who's Hiring: The Firm That Laid You Off
Picture this: You’ve just lost your job and you’re scouring the job boards, looking for something - anything - that matches your professional qualifications and experience. Suddenly, you spot a position that looks too good to be true. The job title is perfect, the responsibilities are right up your alley, and the firm is… Oh, wait a minute. It's your former employer; the one that just handed you a pink... Read more
By Michael Hayes, 22 Jun 2009 - 25 comments
-
Do CFA Holders Outperform the Rest?
When considering whether to pursue a credential such as a Chartered Financial Analyst (CFA) designation, the next question likely to come to mind after "Will it upgrade my job prospects or compensation?" is, "Will what I learn improve my job performance?" A review of published research "reveals a patchwork of studies that don't uniformly and unequivocally show outperformance by charterholders," writes Christopher Wright in the January-February issue of CFA Magazine, published... Read more
By Jon Jacobs, 04 Feb 2010 - 20 comments
-
Another View of Resume Critiques
If someone gives you resume advice while referring to a detailed checklist of common resume mistakes, are you being deceived? Job-search guru Nick Corcodilos thinks so. A recent post on his Ask the Headhunter blog skewers free resume critiques as “the new career-industry racket.” But his outrage fails to stand up to examination. Corcodilos has made a career out of riding the high horse, exposing a long list of career-related... Read more
By Jon Jacobs, 02 Mar 2009 - 19 comments
-
Our Take: Hidden Rules of the Candidate Selection Game
Making it through the job-search maze requires a finely crafted story and image. Besides recognizing and compellingly addressing a prospective employer's concrete business needs, a successful candidate must also address hidden requirements embedded in every screening and interview process. Some financial professionals who've been out of work for a long time may be compounding their difficulty by overlooking one such requirement: A viable resume must show a current, or at least... Read more
By Jon Jacobs, 09 Jul 2010 - 18 comments
-
Our Take: Dodge the Compensation Punch
If you're in transition and recruiters and hiring managers are returning your calls for the first time in awhile, prepare for sticker shock. The compensation you earned a few years ago may no longer be anywhere near what similar roles are paying today. On the bright side, a rebound in financial hiring is increasingly apparent. But forget the headlines about seven-figure bonus guarantees for MD-level rainmakers. Down in the trenches, both... Read more
By Jon Jacobs, 11 Sep 2009 - 18 comments
-
The Layoff Survival Checklist
Hopefully, you'll never need this step-by-step guide to surviving a layoff. But if you do, following these steps will put you on your way to a new opportunity. 1. Negotiate a Good Deal It may be possible to negotiate at least some terms of your layoff. Employers often budget substantial funds for such purposes, but exiting employees don't realize they can negotiate or they are too traumatized to ask. As soon as... Read more
By Leslie Stevens-Huffman, 09 Jul 2009 - 17 comments
-
Lessons From a Fruitless Quest
Even as the finance industry writhes amid recession and restructuring, some jobless professionals are having trouble adjusting their expectations to the new reality. A column in Sunday's Philadelphia Inquirer details the saga of one Byron Wilson, a former investment advisor, insurance company vice president and Big Four CPA. In 2007, Wilson left a steady job to build his own investment advisory business at Smith Barney, leaving little time to build a... Read more
By Jon Jacobs, 01 Jun 2009 - 17 comments
-
A Banker Considers Her Options
Kerry Jordan, CFA, has been out of work since January 2008, despite 14 years of experience at FBR Capital Markets, Bank of America, and NASDAQ. You'd think her work in new business development, strategic planning, risk management and raising capital would have left her well-positioned to land a new job quickly. But here's the rub: "Everyone is in retrenchment mode and the few positions that do become available are filled... Read more
By Dona DeZube, 16 Dec 2008 - 17 comments
About Job News & Views
- Browse Job News & Views for updates and comment on hiring and pay.
- E-mail the editor with your feedback, news tips or topics.



