If you are brave you may still fight for the job even in this very bad environment. What you need to know at this stage is which parts of the markets are not dead. Surprisingly there are some areas which are still hiring and these are:
- Risk management (FRM type of jobs)
- Distressed debt (MBA) *
- Equity underwriting (MBA)
- Emerging markets IBD (MBA)
Unfortunately the competition for these few spots is very intense. There is a number of people, who were fired recently, and they want to find their way back to investment banking.
* - If you know French or German or Polish and you would like to work for a small and presigous Distressed Debt fund - please let me know (with CV): phdstudent2007@gmail.com
Thursday, June 19, 2008
Which parts of the market are still alive?
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1 comment:
aren't the FRM jobs the most-hated ones?
you get to be the guy who tells everyone why they can't make a particular deal/trade and during the annual review how do you answer the question "so how much money did you bring in last year"?
in fact doesn't upper mgmt remembers you as being the a-hole who prevented a particular deal from going through and cost the firm x million dollars!
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