Job Market - eFinancialCareers.com

Wed, 03 Jan 2007 13:26:45 -0500

Berkshire Hathaway Seeks Chief Investment Officer

Berkshire Hathaway is looking for a new chief investment officer. No pressure: The job only entails replacing one of the most highly regarded investors of all time.

Some Bankers Chafe at Changing Roles

It's been a good year for bonuses and lots of deals are in the air. So, why aren't investment bankers happier?

'Managing Up' is a Key to Promotion

Managing up isn’t the same as kissing up. Not by a long shot. Master it, and your career possibilities grow exponentially.

Thought You Had a Big Bonus? Think Again

While the world’s stock markets edge lower, investment banking - and particularly brokerage - stocks are heading south along with them. Suddenly bonuses don’t look quite so big after all.

Asset Managers Seek Operations Specialists

With the economy showing few signs of a hiccup and Wall Street still raking in fees, executive recruiters are having little trouble placing mid- to senior-level professionals at top asset managers, particularly if they have advanced degrees. In addition, firms need help from people who get things done: those in operations.

Fund-Raising Drives PE Salaries Higher, Report Says

Fund raising among private equity firms is driving managers' compensation higher, with partners at the largest funds earning an average salary of $568,000 and a bonus $1.93 million.

Looking Good—Experts foresee strong financial job market

If the U.S. job market is strong, the market for financial jobs is Paul Bunyan. But how long will this last? Do you update your resume every time reports indicate a drop in housing starts, or a hike in interest rates?

What Trading Managers Look For in Job Candidates

What do trading desk managers look for in new hires? Industry veteran and futures trader Larry Levin chats with eFinancialCareers about the skills needed to succeed in today's increasingly electronic trading environment.

Morgan Stanley Hires More for Latin Wealth Management

Morgan Stanley's Private Wealth Management group appointed Jon Mallon as Regional Sales Manager for Latin America and hired a team of five investment professionals from Lehman Brothers to serve high-net-worth Brazilian clients and institutions in Latin America.

More Layoffs on NYSE Floor

Bank of America let go 43 more specialists and clerks from its New York Stock Exchange floor staff, and warned remaining employees that more layoffs are expected.

Pockets of Hiring for Researchers

Finding a research job on Wall Street nowadays is no walk in the park.

JPMorgan Adds Executive Director Title

JPMorgan has inserted executive directors between its vice presidents and managing directors. Is it good news or bad news for people who work there?

Recruiter Skirmishes

Independent headhunters and investment bank HR staffers say they can't find good candidates fast enough. So, you'd think recruiters would be pointedly charming in their efforts to woo financial professionals. An episode from across the pond suggests this isn't always the case.

Infrastructure Deals Need Managers

Ever since the Australian bank Macquarie proved there were profits to be made in public infrastructure projects - toll roads, power plants, airports and the like - U.S. and European investment banks have waded into the sector, launching funds and hiring senior bankers to manage them.

Merrill Lynch and Hedge Fund Recruitment

Are hedge funds so desperate for staff that they need the help of investment banks to find them? Or are banks so keen to win lucrative prime brokerage mandates that they’re stepping on recruiters’ toes?

Balance Programs Make Inroads

You work a 100 hours a week. Minimum. You have kids at home, or are thinking about having one. Yet everyone you know who got to that managing director's office…

Profile: Head of Global Transactional Client Services

Brian Urkowitz, Head of Merrill Lynch's Global Transactional Client Services: "We rely on our junior team members to critically analyze processes, and recommend improvements, or to engage senior managers to make necessary changes to increase our level of quality."

CVC Capital Partners Adds U.S. Office

Private equity firm CVC Capital Partners is opening its first U.S. office in New York. Christopher Stadler, until recently the head of InvestCorp's private equity business in North America, has joined CVC as a managing partner to run the office.

Uncertain Hiring in Global Custody

For global custodians 2006 was a year to celebrate. Assets grew across the board: JPMorgan's were up 25 percent, Citigroup's rose 20 percent, and Bank of New York, State Street, Mellon and Northern Trust grew their assets under custody, as well. However, take note: The gains may not translate into a hiring bonanza during 2007.

Citigroup: Cuts or No Cuts?

Citigroup is expected to take the axe to jobs in an attempt to reduce costs. But will there be any chopping in the corporate and investment bank?

Bulge Brackets Seek More Algorithmic Skills

The increasing use of algorithmic trading will benefit those with the right combination of IT skills, trading knowledge and expertise with quantitative trading strategies.

Alvarez & Marsal Plans San Francisco Office

Advisory firm Alvarez & Marsal added a number of staffers to its national practice, which serves private equity firms, hedge funds and corporate acquirers. Among the new hires is Deloitte & Touche alumni Alexander Chan, who was named director and will set up a new office in San Francisco.

Financial Temps Have Their Place on Wall Street

Even investment banks and hedge funds use temporary financial professionals when their workloads demand it.

Credit Suisse Overhauls Bonuses

Credit Suisse has overhauled its group share-based bonus approach in an attempt to incent and retain staff earning more than $100,000 a year. The Swiss bank is applying the plan to bonuses paid for last year, which will be announced in the next few weeks.

Wall Street's HR Staffs Focus on Advisory Role

Human resources professionals on Wall Street will continue to hone their workplace advisory skills during 2007.

Blackstone Will Open Hong Kong Office

Blackstone plans to open a Hong Kong office later this year, and has named former Hong Kong Financial Secretary Antony Leung and Ben Jenkins as its co-heads. Jenkins will relocate to from Blackstone's New York office, taking a team with him.

You Want Accountability With That?

What's it say about hedge funds when Amaranth Advisors chief Nicholas Maounis looks to get back in the game a mere four months after the biggest flameout in the sector's history? Or when many of his subordinates have already been picked up by other investment firms?

How Do I Discuss Work-Life Balance? Ask the Expert

While investment banks love to talk about work-life balance, few work environments are as intense as Wall Street. So, conversations about creating a balanced life are delicate. If you're going to start one, you'd best be prepared.

MBA programs get women back on Wall Street

Fri, 05 Oct 2007 06:59:58 -0400

It was once assumed that women who took a ride on the mommy-track would have trouble re-entering the financial services workforce, especially in investment banking. The New York Times notes a number of new executive MBA programs that are making that transition easier. The Tuck School of Business at Dartmouth's first class in its Back in Business program had a median age of 47 and an average of eight years out of the work force; 35 of 41 students were women. And more than half have found career-track work--and pay--at the likes of Goldman Sachs and Citigroup. My sense is that the stigma of mommy-hood has faded but is not completely gone. Hopefully, more recruiters will discover these programs.

For more:
- here's the New York Times article

Related articles:
MBA worth it or not on Wall Street
Finance opening doors for women?
More women making a mark on Wall Street?

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MBA programs get women back on Wall Street