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.
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.
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.
According to Crain’s, BlackRock plans to add 300 jobs in NYC next year, and another 200 by 2015.
No need to wait, though – if you check their jobs site for positions in the U.S., there are quite a few posted in NYC, as well as Wilmington, San Francisco, and Plainsboro, NJ. They cover a wide range of business units and roles from Tech to Dealer Services to Strategy heads.