eFinancialCareers

Bankers are sitting on a profit of more than $25bn (€21bn) on their share options on the back of the meteoric rise in financial stock prices on both sides of the Atlantic over the past 12 months. The recovery in banking stocks has left staff at the biggest US and European banks with share options worth a total of almost $100bn at the start of this year. Figures compiled by Financial... Read more

Soaring issuance of corporate debt and twitchiness about potential bankruptcies are driving recruitment in the Australian credit risk market. Foreign talent is welcome to apply. “The market is currently strong for credit risk professionals, especially those with UK and European experience,” says Patrick Everest at Sydney-based Jon Michel Executive Search. “Most firms have an appetite for quality hires and will create roles for strong candidates.” Janet X Tam, a recruiter at... Read more

Australians and Kiwis have the highest pass rates globally for one of the financial services industry’s most challenging exams. Last year, a substantially higher proportion of candidates in Sydney and Auckland passed the Chartered Financial Analyst (CFA) exams than anywhere else in the world. While the average global pass rate for the CFA Level One exam was 34%, pass rates in Sydney and Auckland were 43% and 47% respectively. A massive... Read more

Investment banks operating in Australia need financial controllers, management accountants, financial accountants, and people with Sarbanes-Oxley experience, and they are pulling out all the stops to get them. This is the verdict of recruiters active in the sector. “To say we need accountants here is an understatement,” says Elizabeth Warren, an associate director at Michael Page in Sydney, “We’ve had candidate shortages before in 2000, but this is definitely worse.” The lack... Read more

Summer is coming to the City of London and Wall Street, but that won't do much for investment bankers cosseted in air conditioned offices far from a decent beach. By contrast, Sydney bankers are spending the coming down-under winter reminiscing about surfing and lolling about on the city's 37 beaches. It's a distinction worth noting. Not only is Sydney a good place to live (with stretches of world class sand and... Read more