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America – not Asia, looks like the best place for banking jobs now


If you want a highly paid front office job in investment banking, your best bet today does not look like Hong Kong, China or Singapore, but Wall Street and São Paulo.

Figures from financial services research firm Coalition suggest that front office banking jobs have fallen on every continent since 2010, but that they have fallen least in the Americas. As we have reported on several occasions, the Asian banking landscape is increasingly arid. By comparison, sectors like M&A have been booming in the US and banks like Goldman Sachs have been building up in Brazil. 

Market trends have played out in hiring. Front office headcount in investment banks has fallen 15% globally since 2010 according to Coalition. In Europe, it said the Middle East and Africa headcount fell 21% over the same period. In the Asia Pacific (APAC) region it fell 13%. And in the Americas it fell ‘only’ 12%.

In 2012, Coalition said banks cut front office headcount by 12% in APAC, compared to a cut of just 8% in America.

Coalition regional figures

Source: Coalition

Coalition is owned by data provider Standard & Poors. A spokeswoman for the company said their figures are conceived from research and data in the public domain, and are validated by analysts in each bank who confirm the numbers.

Comments (1)

  1. Yet,there are still opportunities in Asia, with such a large number of basic population. Even if the figure implies the decline and inferior to US market. One fell 10% but earned 1billion while another fell 20% but earned 2billion. I think both of two markets opportunity should be seized. Besides, financial industry has a prosperous future & grows swiftly at the moment. It is know to all that Asian market is not that mature as European. And that might be one of the most important reasons to invest & establish banking service in Asia. A potential will grow faster if correctly directed.

    Nevertheless, thx for the research & efforts everyone contributes to the article.

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