Finally, good news for debt traders: positions are beginning to open up at an array of big houses. According to a May 22 Bloomberg.com article, firms like Nomura and Deutsche Bank are betting that anticipated increases in interest rates will translate to corporate debt profits.
Since these positions are rarely posted, you will need to use your network to vet opportunities.
I was speaking recently with a client whose son landed his first job – in financial services, no less. Laughing, she observed: “It takes a village to get a job in finance these days.” Indeed, it does.
Although her son was a recent MBA grad who’d had solid industry internships, there was no queue of people waiting to hire him. Not a real surprise; it’s a rough market.
And it wasn’t like he was sitting at home waiting for the phone to ring. He had Continue reading
According to a recent article, Cantor is continuing its expansion into the full-service investment boutique business. They’ve made an array of moves designed to fill holes in their business, including expanding their equities business, their global presence, and their product range. They’ve hinted at up to 100 new hires globally, although where is still up in the air. Currently, they’re seeking sales and trading hires with a book of business (of course).
As the article points out, cultural fit will be key. A former employee describes the environment as one “for the hustlers and thick-skinned only.” Think that’s you? Check out Cantor’s current job postings.
Thinking of hanging out a shingle? Edward Jones is planning to recruit up to 2400 new advisers this year. Key hiring will be in CA, AZ, and the Northeast. Expect to hit the ground running, though. According to an article in Workforce Management, new advisers are expected to generate a minimum gross of $240,000 this year and $264,000 in 2012.
Still, if you’re up for the challenge, Edward Jones ranked #11 on Fortune Magazine’s 2011 100 Best Companies to Work For list.
It sounds like we may have to wait as long as March to get the previously promised funding increases, so that the SEC and CFTC can proceed with staffing up for Dodd-Frank implementation. If you recall, I wrote in November about the prospects for hiring hundreds of new regulators. Continue reading