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Just in Time for Memorial Day Weekend – Tips on How to De-Stress
The number one stressor plaguing financial professionals has more to do with their home life than their balance sheets and client lists, according to a new survey. The study of 1,400 chief financial officers across the country conducted by the Accountemps division of Robert Half International finds that four out of 10 (41 percent) financial [...]
Around the World: Want a high paying fin-tech job? Move to Edinburgh
There are some high paying fin-tech jobs in Edinburgh Any technologist considering a move from the City to a role in Edinburgh would have previously been doing so for the opportunity to buy a larger flat and greater proximity to the Fringe Festival, rather than for career reasons. Now, however, salaries are starting to increase. [Scotland] [...]
Friday’s Headlines: Why Wall Street Needs More Women Traders
Who would make better traders: women or men? According to Time magazine, women make better traders because they: Are more likely to admit mistakes or ignorance. Do their homework. Set specific goals. Approach risks cautiously. And that, says Time, is why Wall Street needs more of them, despite recent news reports about JPMorgan Chase investment chief Ina [...]
Depository Trust & Clearing Corporation Joins the 100,000 Jobs Mission to Hire Veterans
The Depository Trust & Clearing Corporation (DTCC) has become the latest financial services firm to join the 100,000 Jobs Mission, a coalition of major corporations committed to hiring 100,000 American service veterans by 2020. In its announcement today, DTCC said it would proactively recruit veterans via job fairs, military bases, recruitment agencies and online initiatives. [...]
Wealth Managers Increasingly Look Toward the Multi-family Office Model
Is the wealth management industry going back to the future? Cerulli Associates has released data showing that the fastest growth in any segment of the high net worth financial advice space is found in Registered Investment Advisors’ (RIAs) multi-family offices practices, which grew their assets under management at a rate of 18 percent during 2010. [...]
Thursday’s Headlines: Hedge funds are adding compliance staff
Transparency is the buzzword these days at the overwhelming majority of the nation’s hedge funds, according to a story in FIN Alternatives, a daily newsletter about hedge funds and private equity firms. A recent study by KPMG and the Alternative Investment Management Association shows that 98 percent of 100 hedge funds surveyed have hired additional [...]
People News: Moves at Bank of America/Merrill Lynch, Credit Suisse and LPL
Bank of America/Merrill Lynch hired a team of three investment bankers specializing in the power industry from Credit Suisse. [NY Times] Credit Suisse’s global head of mergers and acquisitions, Boon Sim, is leaving to take a senior position at Temasek, the sovereign wealth fund of Singapore and will be succeeded by Scott Lindsay. [DealBook] LPL [...]
Survey finds big four accounting and insurance firms beat out global banks when it comes to diversity
Diversity has long been a concern in financial services. And, according to the 2012 DiversityInc Top 50 Companies for Diversity list, the Big Four and insurance appear to be making strides, while many of the global banks and investment firms were noticeably absent. Big Four firm PricewaterhouseCoopers ranked number one. According to the survey, PricewaterhouseCoopers [...]
Wednesday’s Headlines: Did getting into Harvard Business School just get easier?
Harvard Business School is reducing by half the required number of essays for candidates as part of the application process, the Wall Street Journal reports. Prospective students used to have to write four essays. Now they only have to write two, 400 words each. The elite business school, however, is adding an extra essay for [...]
When it comes to compensation, which banks are the most competitive?
Compensation, if not the primary, is generally among the main motives for choosing a career in the financial markets. But these days, it’s more confusing than ever to determine which banks offer the best pay plan. Guaranteed bonuses and up-front buyouts have been replaced by cash caps, deferred compensation schedules and clawbacks. Often, it’s not [...]
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