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Tag: Financial Services
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 [...]
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. [...]
Minority Financial Markets Professionals are in Demand
Wall Street is coming under increasing pressure to hire and promote minorities and women. The Consumer Financial Protection Bureau (CFPB) recently hired attorney Stuart Ishimaru to head the newly established Office of Minority and Women Inclusion (OMWI) to promote diversity at the agency and at the financial institutions it regulates. Establishing the office was required [...]
New survey finds the fixed income sector is the best place to be for bonuses this year
New projections call for moderate 2012 bonus increases across all financial services sectors, with fixed income showing some of the largest potential incentive-pay gains—as much as 25 percent in some cases. Compensation consultant Alan Johnson of Johnson Associates says incentives are still well below the highs of 2007. Moreover, he says that “things started to [...]
Top recruiter says hiring is picking up in financial services, selectively
Boyden Global Executive Search released its quarterly outlook today saying there has been an increase in selective hiring within financial services during the second quarter following a sluggish start in the beginning of the year. The Boyden Executive Outlook also said c-level executives with both great technical ability and proven track records in leadership are [...]
Profiting from Performance Review
Formalized performance reviews are quite common in financial services. Whether you are working at a large bank, investment bank or private equity firm, the feedback that comes during the performance review process can be critical to your career success at your current employer and beyond, says Teresa Bur, vice president of human resources at CBIZ, [...]
Calling All Millenials: The Wealth Management Sector Needs You
The investment advice industry is graying and fewer young people appear to be choosing it as a viable career path. According to a 2011 study by the Boston-based research firm Cerulli & Associates, the average age for financial advisors was 49.6. The study, which was reported in Investment News, shows that 22 percent of advisors [...]
One Question Recruiters Say Financial Pros Should Never Ask in a Job Interview
There’s a debate going on over whether job candidates should close out their interviews with the following technique. First ask: “If you didn’t offer me this job, what would the reason be?” And then explain away all the problem areas. One supporter of this strategy, Forbes contributor and author of Ladies Who Launch Maseena Ziegler, [...]
There’s nothing like the passion of a first year investment banking intern
I’ve just completed a spring week internship at a leading investment bank. When I arrived, I wanted to see what the life of an investment banker was really like. Now that I know, I can say that I hope I’ll be back again for longer soon. The warmth of the welcome, the caliber of my [...]
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