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.
“Getting laid off was one of the best things that ever happened to me.” A VP once said this to me as she handed me a pink slip.
Yeah, right. I’ve been laid off three times. No matter how prepared you are, it’s a lousy feeling.
Let’s face it, it’s hard to look for a job. All those judgments. All that disappointment. All the waiting. The strange thing is that – like so many things – I got better at being unemployed by changing both my attitude and my tactics.
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
An article in Traders Magazine yesterday announced that BTIG will be continuing its expansion by entering the wholesaling business. Capital commitment will be part of that evolution. Continue reading
eFinancial Careers reports that hiring in the fixed income trading arena is picking up. Specific firms mentioned were MF Global, BNY Mellon Asset Management, Newedge, Bluefin Trading, Scotia Capital, and BB&T Capital Markets.