eFinancialCareers

As the dollar falls, so does the allure of taking a job in the Middle East. Last week, the US dollar dropped to an all time low against the euro and three-month lows against the yen and sterling. With the US Federal Reserve expected to carry on cutting interest rates and the US economy suffering particularly painfully from the sub-prime crisis, the dollar's demise is expected to continue. What's good for transatlantic... Read more

An analyst at UBS in New York appears to have resigned in style. The analyst, apparently part of UBS' US global healthcare group, sent an email to his bosses at 7am last Sunday informing them he was leaving the bank immediately to go do something less boring instead. His grudges centered on the fact that it was Sunday morning and he had another 14 hours of work that, "will not be fulfilling,... Read more

The worst run on the banking system in living memory, US banks expected to take big 3Q hits... but it's really not so bad. At least, this is the opinion of analysts, who think the banking downturn in 2002 was infinitely worse. "What we have now is a fixed-income problem," says Brad Hintz, banking analyst at Sanford Bernstein in New York. "This is not a widespread downturn that will prompt broad job... Read more

Who do you go to if you want move onwards and upwards? Here's the list. The annual Executive Grapevine/Sunday Times survey of headhunter market share shows the big boys are still the biggest overall, but there are also plenty of specialist boutiques with a niche financial services focus. Who are they? Well… Top financial services headhunters 2007 1. Heidrick & Struggles International 2. Russell Reynolds Associates 3. Spencer Stuart Associates 4= Egon Zehnder... Read more

Seems that just about every bank has got a hiring freeze on. Earlier this week, The Telegraph ran a story saying Citi, JPMorgan, ABN AMRO and Soc Gen have all put a stop to hiring for the time being. Our own enquiries suggest the freeze is a lot more widespread than that. In addition to the banks mentioned by The Telegraph, headhunters say everywhere from Credit Suisse, to Merrill Lynch, Deutsche, Goldman... Read more

Banks are busily building teams to assemble pitch books and conduct research in India. But that doesn't meant they're open to hiring Indians in London. "We get a couple of hundred CVs a month from India," says one London recruiter. "The people there are really well educated and smart, but generally we can't help them out." Earlier this year, it emerged that Merrill Lynch had invested US$11m in Copal Partners, an Indian... Read more

Wine clubs, cinema tickets, iPods, flat-screen TVs – banks are resorting to new methods of compensation. A survey of 69 financial institutions by Mercer Human Resource Consulting has found banks are becoming more imaginative in the sorts of perks they offer their workers. While the basic benefits – pensions, medical insurance, life assurance and so on – are all still there, nearly a third of banks now offer a 'menu' of flexible... Read more