eFinancialCareers

You might want to head to Singapore or Hong Kong to land an equity research job. Compared to hiring for sales and trading positions, research jobs in Asia appear relatively unaffected by the crunch: banks and hedge funds are still busy hiring in the area. Lehman Brothers has recently created the new role of head of equity research, Singapore and Southeast Asia, and poached Jit Soon Lim from Citigroup to fill... Read more

Investment banks are coming up with innovative ways to keep some staff on their payrolls, even while they let go of others in the wake of the credit crunch. This inventiveness mostly takes the form of long-term stock grants, or measures that let banks defer cash expenses in hopes that revenue growth will pick up later on. They may not be popular but, with most banks facing a more... Read more

Wholesale redundancies don’t seem to be on the agenda right now for Australia’s major and regional trading banks, or for most of the investment banks. That’s the word from senior recruiters, although the marketplace is still full of downsizing rumours, including one that Bank of America will scale back from a trading bank to a branch office, and that Citigroup will slice into its local headcount. Edmund Gill, director of Hays... Read more

Who'll buy ABN AMRO's Australian unit? And what will happen to its 700 local staff? With a reported AU$1bn price tag, and most banks struggling to find cash at the moment, sale advisers Lazard Carnegie Wylie certainly have their work cut out. Analysts regard ABN AMRO’s mergers and acquisition division as one of the key strengths of the local unit, and say any buyer will likely be keen to retain as many... Read more

It's not looking good if you fancy landing a job in the Australian financial services market. The Aussie banking sector job market is floundering, according to the most recent monthly instalment of the Olivier Job Index. Report author Bob Olivier, a director of recruiter Olivier Group, attributes the poor results – down 5.12% in February – to the credit crunch, interest rate rises and the stock market sell-off. “Sub-prime write-offs have hurt... Read more

Wall Street is definitely not the flavour of the month at the moment, especially when it comes to investment banking. It’s not really surprising, therefore, that many Australians working in the Big Apple are checking out their job options for fear they may not have a job in the very near future. According to Adam Gillibrand, Australian-based executive director for US recruitment and consulting firm Options Group, an increasing number of expat... Read more

Forget US business schools, a new study suggests MBAs from China see the biggest boost to their earnings once the course has finished. The Financial Times’ 2008 MBA report found that alumni from Shanghai’s Jiao Tong University and Beijing’s China Europe International Business School (CEIBS) land the biggest salary increases upon graduation – 177% and 157% respectively. By comparison, graduates from a big name like the University of Pennsylvania’s Wharton School... Read more

Recruitment may have cooled in some areas, but equities analysts are still hot. Even better, plenty are prepared to switch jobs. Patrick Hodgens, head of equities at Macquarie Investment Management, says market volatility has increased the flow of equities analysts looking for new positions – just 12 months ago he says they were much harder to find. “We’ve had quite a bit of success in building the team up, whereas a year... Read more