Sector: Accounting & Finance
Accounting firms are hiring massively now and will fire massively later, says the head of recruitment in an investment bank
Banks are firing, accountancy firms are hiring. Accountancy firms are not just hiring in small numbers; they are hiring in huge numbers. Deloitte has declared its intention to hire 68,000 people over the next four years. That’s equivalent to nearly two Goldman Sachs’ worth of employees. This year it hired 49,000 people. PricewaterhouseCoopers is equally [...]
Where you can still get a job fairly easily: Luxembourg
Now that redundancies have come to London, if you’re a financial services professional with an accounting qualification and an urge to see the world, you might want to check Luxembourg. Recruiters in Lux say there’s still plenty of hiring going on there. “It’s been picking up since last year,” says Robert Van den oord at [...]
It looks like Nomura wants to hire ACAs into potentially exciting jobs in the front office
If you’re an ACA who is failing to feel the passion for audit, or you’re a product controller who’s decided monitoring P&Ls isn’t as engaging as you’d hoped, we have good news: Nomura appears to be hiring ACAs for equity research and M&A and ECM and DCM and leveraged finance and ‘risk solutions’ (credit, inflation [...]
Investment banks’ valuations teams have tripled in size. This is what’s required to get a job in one
Nick Stevens, CEO of recruitment firm Eximius Group, says the big growth area in investment banks right now is valuations teams. This is Nick: This is what he has told us about the nature of and growth in valuations roles in investment banks… eFINANCIALCAREERS: What do valuations people do exactly? NICK: Valuations teams in investment [...]
How to earn at least six figures working in the middle office
Most people working in financial services want to be a trader or a corporate financier, or a salesperson or a structurer. They don’t want to work in compliance or risk or product control. Maybe this is a mistake. An eruption of recent salary surveys suggests some middle office jobs pay a lot. Unfortunately, just because [...]
If you want a new job, these are three areas where you should definitely find one
Middle office recruiters in London are busy. While some front office recruiters moan about a lack of action, middle office recruiters are fully occupied trying to find candidates for their constant flow of new jobs. Here’s where the hiring is happening the most: 1) Risk Risk recruitment is being driven by regulation. Busy risk recruiters [...]
This is where you should be working, bank by bank, market by market
If you aspire to work for a bank that’s the global market leader in your product area, but for some reason are ignorant as to which bank that is, we have the answers. Derived from figures from analysts at JPMorgan, who last week released a detailed analysis of each banks’ revenues, by product, for 2010 [...]
How to make many millions helping banks avoid tax
Enabling corporations to reduce their tax exposure has become tantamount to squirting shampoo in the eyes of the body politic: it is socially unacceptable and is likely to make you a pariah. Leading the vilification is UKUncut, an organisation which campaigns against cuts to government spending. It claims those cuts could be avoided if only, [...]
FRED BAYR: Finance change management vacancies are a nightmare
With new Basel 3 regulations, an increasing need for lean processes and the implementation of general ledgers, every investment bank is rolling out a Finance Transformation programme. Whilst they have planned their budgets and technology requirements relatively well, they have abjectly failed to plan effectively for their permanent human capital requirements. Surprise, surprise, therefore: most [...]
GUEST COMMENT: ACAs are so desperate to get into banking they’re undercutting everyone else
I’m fed up of ACAs desperate to get out of boring accounting jobs who interview for heavyweight roles best left for those of us with real financial skills. These bottom feeders are the cheap option all the rest of us have to compete with. I don’t hate them for being bean-counters, I hate them for [...]
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