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Wall Street bids up junior banker salaries in battle for talent afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
New York: Twenty-somethings dreaming of Excel all-nighters are facing their best prospects in years. HSBC Holdings Plc this week became the latest global investment bank pledging to hire a flock of junior bankers to help analysts and associates avoid burnout amid an avalanche of deals. JPMorgan Chase & Co. said last week it plans to add almost 200 staff, joining Goldman Sachs Group Inc. and Jefferies Financial Group Inc. in bolstering their ranks. Dealmakers have tried handing out raises, paying for vacations and enforcing curfews to try to prevent defections or even revolts as active markets and the work-from-home grind weighed on the bottom of their corporate pyramids. Now, many firms are coming to the conclusion that, with no let-up on deals, the best fix is more bodies. ....
Bloomberg узнал о росте спроса на молодых инвестбанкиров из-за выгорания rbc.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rbc.ru Daily Mail and Mail on Sunday newspapers.
Whether or not you re able to carve out a career as a private-equity investor could boil down to six crucial seconds. That was one insight shared by James Cherubim, head of talent acquisition for The Carlyle Group, during an exclusive webinar hosted by Insider in December, in which top private-equity recruiters broke down exactly what it takes to land at firms like Carlyle, Bain Capital, and Apollo. So how exactly do you write a standout resume for private-equity jobs? A recruiter, on average, looks at a CV for six seconds before they make a yes or no decision on your candidacy. That s not much time at all, Cherubim said. Your goal as a candidate is to make sure that you re doing as much as possible to lengthen that time. ....
Investment bankers are investing in something new in order to benefit their careers: time. Indeed, top recruiters in the world of private equity told Business Insider they are increasingly observing junior-level investment bankers delay entry into the frenzied arms race that is the recruiting cycle. Traditionally, PE firms rush to scoop up the top investment banking analysts, sometimes courting them after they ve only logged just a few weeks on their IB jobs. The goal? To lock them down for jobs some two years down the road. But now, recruiting experts are signaling that they re seeing evidence that the recruiting cycle could be losing a bit of its luster, as more and more junior investment bankers are opting out of it altogether to give themselves more time to get their feet wet in their IB roles and learn the ins and outs of what they do. ....