Tip: Bank of America to Hire 500 at Merrill Edge
Bank of America will hire more than 500 advisors for its Merrill Edge unit by the end of the year, which will nearly double the existing number of financial solutions advisors who cater to clients with less than $250,000 in assets. Advisors receive salaries with incentive targets instead of commissions like traditional brokers do. The bank is expanding the program from three states to 15.
Tools to get the job:
How to Become a Merrill Edge Advisor
The Growing Business of Call Centers
The Perfect Financial Advisor Resume
Tip: Subprime Market Coming Back to Life
Subprime lending may be back, according to Lewis Ranieri, who was once called the father of mortgage finance. He believes new credit requirements have become too tight and have prompted the need for alternative lending. Instead of exotic subprime loans, however, Ranieri is focusing on non-prime loans, which would be available for those who aren't able to obtain a traditional mortgage but are still good credit risks, such as self-employed contractors.
Tools to get the job:
The Perfect Mortgage Resume
So You Want to Be a Mortgage Loan Officer
The Top Three Resume Keywords for Mortgage Professionals
Tip: Jefferies Adding Selective Staff in Coming Months
To shed its boutique skin, investment bank Jefferies has been piling on staff over the past three years. It increased headcount by 5% in the second quarter, adding 140 workers, but that momentum will slow down throughout the rest of the year. On a conference call, the firm said that hiring would take place on a very selective basis in the coming months, much of it in international locations.
Tools to get the job:
The Perfect Investment Banking Resume
What Not to Say in a Job Interview
Finding a Job Abroad