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 clichés.
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.
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