The Weekly Minute Jan 23 2012

Hiring at Wells Fargo and JPMorgan, Bonus Overview

By julie steinberg

Tip: Wells Fargo Hiring for Investment Banking

The bulge-bracket banks probably didn't see this one coming: Wells Fargo is climbing the league tables of investment banking fees and capturing more fee market share. The bank acquired its investment banking operations through its Wachovia takeover, and though executives appear to be blase about the success, they're investing in the business. The group took on 25 bankers from Citadel LLC and is continuing to hire.

Tools to get the job:

The Perfect Investment Banking Resume

Volunteer Your Way Into a Job

What to Wear to a Finance Interview

Tip: JPMorgan Adds to Equity Capital Markets

JPMorgan rearranged its equity capital markets division for the Asia-Pacific region. It's moving over Jeff Zajkowski from New York to Hong Kong, where he will serve as head of equity capital markets for Asia-Pacific. Kester Ng and Doug Howland, who previously co-headed that position, will now report to Zajkowski. His appointment signals the bank's desire to allocate more senior resources to Asia-Pacific, an area that's been relatively immune to the eurozone crisis and one that's still considered an area of growth for many banks.

Tools to get the job:

How to Apply for a Finance Job in Asia

Can't Get a Job in America? Try Asia

The Top Rules of Networking

Tip: The Bonus Season So Far

It's bonus season on Wall Street and spirits are glum across all pay grades. At J.P. Morgan, it was considered a good thing if your compensation was flat with last year, while at Morgan Stanley, senior investment bankers and traders got 20% to 30% less than they did last year. Goldman Sachs was a "bloodbath," according to the account of one employee, with fixed income, currency and commodities getting "hit the hardest." If you didn't get a big bonus this year, don't despair. There are ways to get what you want from your boss if you plan it at the right time.

Tools to get what you need:

What to Do When You Don't Get a Raise

How to Negotiate the Salary You Deserve

How to Get a Raise

Tip: Live Chat With Glassdoor

Rusty Rueff, career expert at Glassdoor and former head of HR at Electronic Arts and PepsiCo, will take your questions about resumes, job applications, and interviews in a live chat on Tuesday at 12 p.m. ET at WSJ.com. Ask your questions now.




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