It seems that we are very close to good times of getting hired by financial industry. Many of my friends (and I - as you remember I started in BarCap) found good jobs in recent months (in CS, Sig, MS etc). Many companies are still very cautious (JPMorgan in particular), but the the situation is definitely getting better (especially in NYC)...
I definitely think that 2010 will be a good year to be hired in good job in Financial Services. For me really good hiring atmosphere will come if S&P500 goes up by10 more percent - people will then get confidence that the recovery is sustainable.
It seems that particularly good demand will be there for junior and mid-level hires. The season for MD hiring is already there - hiring at the junior end needs to catch up.
I also think that this is a very good time to start with MBA or CFA. If you do this at this stage of the economy you maybe almost sure that by the end of the program you will enter the hot job market and you would be able to get a decent return on your educational investment .
My (subjective) timeline of hiring:
If you agree with this expectations or your don't please discuss in comments.
I definitely think that 2010 will be a good year to be hired in good job in Financial Services. For me really good hiring atmosphere will come if S&P500 goes up by10 more percent - people will then get confidence that the recovery is sustainable.
It seems that particularly good demand will be there for junior and mid-level hires. The season for MD hiring is already there - hiring at the junior end needs to catch up.
I also think that this is a very good time to start with MBA or CFA. If you do this at this stage of the economy you maybe almost sure that by the end of the program you will enter the hot job market and you would be able to get a decent return on your educational investment .
My (subjective) timeline of hiring:
- 2Q-3Q 2010 - Hiring in M&A divisions of investment banks.
- 3Q-4Q 2010 - Hiring in Equities in Banks that didn't rebuild their Equity Groups yet
- 4Q 2010 - Hiring in Wealth Management Divisions
- 2H 2010- Hiring for Emerging Markets roles
- 1H 2011 - Restaffing of Hedge Funds and Private Equity Companies
- 2011 - Poorer year for Fixed Income Markets
If you agree with this expectations or your don't please discuss in comments.
