Morning Coffee Nov 15 2010

Asian Wealth Driving Hiring

By julie steinberg

As the battle over tax cuts for the wealthy continues in the U.S., what is becoming increasingly clear is how much influence the wealthy in Asia will have over the finance industry. Private banker hiring is up and looks to continue climbing.

Banks are counting on the proliferation of Asian millionaires to add to their coffers. In anticipation, they've been hiring up a storm, adding hundreds of private bankers who can cater to the region's wealthy clientele. Citigroup, for example, will add between 100 and 200 senior private bankers, in addition to the 130 MD's the bank's hired over the past year.

Some caution that banks are over-hiring, and that hiring past pre-crisis levels won't necessarily result in profits. (ABC)

Real Estate Hiring (FINS)
Most companies aren't hiring for their real estate divisions, unless it's to replace the robo-signers, but CB Richard Ellis will have brought on hundreds by year end. The company is ratcheting up its campus recruitment once more.

Bank Closures (Bloomberg)
Georgia-based Ameris Bancorp purchased two banks while regulators shut down a third. A total of 146 institutions have failed this year so far.

Celebrate Good Times (Las Vegas Review-Journal)
Tides are changing in the right direction for MBA holders. Hiring this year has gone up 5% after a major decline in 2009.

Wall Street Roundup (Deal Journal)
Wages for Manhattan's finance industry jumped while the number of workers declined. What this means is if you do your job well enough not to get laid off, you can expect commensurate compensation.

Take It Easy (Bloomberg)
You'll give yourself a heart attack! If you're a woman working a high-stress job, say, in finance, your risk of heart attack goes up 88%. Make sure to cut down on the meat and cake to compensate.

Lights, Camera, Action (FINS)
Doesn't watching a movie on your plasma LCD sound really good right about now? Check out our list of the top five finance films you shouldn't miss.

Gekko Shortcomings (Speakeasy)
"Wall Street: Money Never Sleeps" can add the holiest office in the land to the list of critics. The Vatican's top banker complained that the movie trafficked in melodrama and clich├ęs.

List of the Day: Interview Strategies
You've heard the generic "prepare for the interview" strategies before. Take a look at some of these more esoteric guidelines that could land you a job.

1. Learn the difference between arrogance and confidence.

2. Remember that an interview is a two-way street.

3. Keep in mind a list of things you absolutely must cover during the allotted time.

(Source: WSJ)

For more news you need to know throughout the day, follow FINSider on Twitter and Facebook!




Play the new finance career game from FINS!

Financial Dream Jobs - Sign Or Decline
You just got an offer for your dream job,
BUT...
Your boss wants you to commit espionage.
SIGN DECLINE


 
  • Copyright ©2014 Dice Holdings, Inc. All rights reserved.
Log in 
FINS Login
 
*Indicates required field
 
User Name*
Password*
     Forgot Your Password?
Or log in using your Facebook account:
Connect with Facebook