AU
Sector: Investment Banking / M & A
Candidate Blog: I’m a new permanent resident, but my ignorance of the Aussie job market has left me in a mess
Armed with a permanent residency permit, a few years’ M&A experience in London and an advanced degree in finance, I was hopeful when I started my job search in Australia. I did anticipate some teething problems: It’s is a small market – the exact role I held in London would likely not exist here, and [...]
We’re trying to improve gender diversity, but when we hire in a hurry, it goes out the window, say employers
Gender diversity is becoming more crucial to recruitment and retention strategies in the Australian financial sector, but it still doesn’t count for much when a quick hiring decision needs to be made, according to delegates at the recent eFinancialCareers roundtable in Sydney. “Part-time working and job shares are no longer foreign languages in our industry, [...]
Tricky interview question: You are a used car salesman – pitch me a stock as if it’s a car
The question During an interview for equity sales position at a global investment bank in Australia, a candidate was asked the following question: Imagine you are a second-hand car salesman. Pitch me a stock as if it’s a used car. The candidate’s reply I had already prepared my stock pitch before the interview, but the [...]
Citi report calls on silver donut to slash staff
A new report by Citigroup analyst Wes Nason says if Macquarie made 1,000 redundancies, about 6.4 per cent of its workforce, it would help to boost the firm’s share price and annual returns. “While it has not been Macquarie’s historic path, in order to sustain competitive remuneration and help restore returns to industry standards, some [...]
Unless you’re a resources analyst, there aren’t many jobs on offer at the moment
It’s a patchy job market at both the local and foreign banks, say recruiters. The decline in M&A activity has left investment banking recruitment treading water, according to John Coles, chief executive, Executive Group International. “Unless you’re a resources analyst, there are not a lot of job opps on offer at the moment.” Coles says [...]
The amazing comeback of multiple job offers (and how you should be managing them)
An increasing number of candidates have rather a nice dilemma on their hands: they have to choose between two or more job offers. “Most good candidates will be looking at multiple opportunities. The market is quickly turning candidate short,” says Allira Salem, manager, Victoria, Hamill Andersen. A year ago candidates may have had several interviews [...]
Why Goldman Sachs, UBS, and Merrill Lynch are crying out for resource bankers
Demand for natural resources bankers in Australia will stay strong this year because of continued mergers and acquisitions in the sector. M&A activity driven by powerhouses BHP Billiton and Rio Tinto will translate into vacancies, according to a recruiter, who asked not to be named. “The usual suspects such as UBS, Merrill Lynch, Goldmans, and [...]
If bonuses are low, more people will go, but how will i-banks fill the hole?
With 2010 bonuses expected to be lower than the previous year, the recruitment market in investment banking should be active this quarter. The foreign i-banks will need to fill vacancies created by employees leaving because of poor (and deferred) payments. But how will they source these new staff? “I expect to see the likes of [...]
The awful truth about Aussie bonuses: Even Goldman Sachs staff will suffer
Now is not the time to upgrade your Ferrari: 2010 bonuses at investment banks in Australia will generally be 15 to 30 per cent lower than the previous year, according to senior headhunters. Goldman Sachs, which delivered a 53 per cent drop in fourth-quarter global earnings last week, is expected to announce its Australian bonuses [...]
Getting your perfect position in 2011: Where we see the opportunities
Happy new year from eFinancialCareers. We thought you’d like to hear about some of the job functions where hiring is expected to be particularly hot. We’ll be publishing more of these next week. Risk management and compliance Risk management and compliance teams have had workloads increased by regulatory changes, and banks have been forced to [...]
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