Is it time to stop thinking globally, and to start focusing locally? That’s more or less the consensus among more than 3,700 professional accountants who believe not only has international trade continued to dry up, but that the global economy will continue to erode while those industries that focus domestically will inspire greater confidence.
Each year a new “super candidate” emerges among executive recruiters panning the streams for that next “gold” standard among employer expectations. Those of us in the business of connecting job seekers to job openings refer to these rare and often “too good to be true” candidates with the perfect combination of skills, personalities, and knowledge as a “purple squirrel”—representing that difficult-to-find person who may only exist in the imagination.
Talking to recruiters and hiring managers, it appears this year’s purple squirrel could be what one headhunter called the “Quant Social Butterfly”—that candidate who can excel both in the mathematically challenging world of quantitative analysis and in the “real world,” where he or she can be personable, likeable, and able to communicate and relate easily to others in a variety of social situations, such as client dinners and events.
Continue reading "Is the Quant Social Butterfly This Year’s Purple Squirrel?" »
CreditSights, an independent credit-focused research company, has issued a giant two-part report on what’s coming for US banks in 2012. Naturally, it’s credit-focused. Surprisingly, it’s also quite optimistic and suggests positive implications for jobs (in comparison to a more gloomy report also issued by JPMorgan Cazenove).
Continue reading "New Report Paints Optimistic Yet Challenging Picture for US Banks in 2012" »
If you ever wonder why companies take so long in deciding which candidate to hire for a particular position, consider this: the cost of selecting the wrong person can run into the hundreds of thousands or even millions of dollars, not to mention the potential negative impact to a company’s reputation, morale, and productivity.
Then there are those stories that grab media attention such as the alleged rogue trader who generated a $2.3-billion-dollar loss for UBS that also led to the resignation of the bank’s CEO who accepted responsibility for allowing it to happen on his watch.
Continue reading "Costs of Hiring the Wrong Person Go Beyond the Financial" »
The economic downturn and increased financial regulations are changing the landscape of the Wall Street job market. Several of the largest corporations are hiring financial professionals to do work in-house, previously done on Wall Street for a fee. This is sending jobs out of Wall Street and into new sectors. As a result, new industries are being created as well. Banks must now change the way they operate to continue to sustain profitability.
You may not be able to predict what questions you will be asked at an interview, but you can know the types of questions to expect. The questions banks ask will generally come from 1 of 5 categories.
COMPETENCY QUESTIONS
Loved by graduate recruiters and human resources interviewers everywhere, the aim of this type of question is to establish your behavior in a given situation. This type of question allows us to focus on what the candidate brings to the table beyond their technical skill set, confirms Keisha Smith, global head of recruiting, Morgan Stanley. We want to determine whether candidates have the personal attributes to succeed. Do they have good judgment, are they self-starters, are they influential, and can they lead?
Risk management is a lot like anger management. It’s one of those disciplines you don’t really notice until it’s no longer there and things suddenly go awry. To put it simply, risk management is tasked with assessing, mitigating, and monitoring the potential for a bad outcome. When it’s working, everything runs smoothly. When it doesn’t … well, just turn on your television to any business channel.
Watch your words! Think about your last interview. How do you think you did? Did those small, two-letter words find their way into your responses? President and CEO of NYSSA, Amy Geffen, PhD, is here to help you know what to do and what not do on your next interview for our last installment of our four-part series on job search.
A few tips: You do not want to discuss salary or employment terms on your interview! Save that for the next round. You also want to watch your "filler" words, i.e., "you know," "uh," "ah," etc.
Another classic mistake - never assume your interviewer has read your resume in detail. Like we mentioned previously, most resumes are only given a 30-second onceover.
For finance professionals with a CPA and an auditing or consulting background, it couldn’t be a better time to look for a new post, says Drew Reina, managing director for Accounting Principals, an accounting and finance recruitment and staffing firm.
Whether it’s a role in compliance, corporate finance, risk or internal audit, CPAs with a Big Four pedigree appear to be layoff proof. According to Reina, internal auditors are certainly in great need, and many of his clients are looking for people with three to seven years of experience.
“There’s a lot of growth in that area, and there’s a consistent response from my clients," he tells eFinancialCareers.
Hold on to that business card! About 70% of jobs are found through networking, according to the U.S. Bureau of Labor Statistics. In the third installment of a four-part series on effective job search, New York Society of Security Analysts (NYSSA) President and CEO Amy Geffen discusses the effects of (and proper) networking with regards to your job search.
Have you ever considered looking beyond the financial markets to find a finance job? No? Well, you may want to think about this. While the financial sector is shrinking in the wake of the economic meltdown, continuing shocks to the financial system from the European sovereign crises, and a complete inability of Washington politicians to agree on anything, cash is piling up on Main Street.
Treasury Strategies, a Washington-based treasury consulting firm, says at the end of the third quarter corporate cash balances grew to $2.05 trillion—a 4.5 percent increase over last quarter. That is $648 billion more than the first quarter of 2009.
Continue reading "Cash Rich Non-Financial Firms Are Luring Financial Pros" »
When was the last time you updated your resume? A good resume should sell its subject in 30 seconds or less. Amy Geffen, PhD, and CEO of The New York Society of Security Analysts discusses the keys to resume writing here.
It is a tough market, and it will be for the foreseeable future. Job seekers must be prepared to go up against other candidates that may be more qualified. There are several steps to an effective job search. Your first step must be to actually search. Amy Geffen, PhD, the president and CEO of NYSSA, will offer career advice on what you need to do to maximize your time in your job search and on the job.
It used to be clear that Goldman was the place to be if you’re a trader.
Now it’s not.
Goldman’s traders continued to make some of the biggest money in the third quarter. However, they also made losses on more days than rivals.
Wealth management sales professionals wanting to advance in rank and compensation must be willing and able to take on the nuts-and-bolts duty of prospecting for clients, Florida recruiter Dave Moran told eFinancialCareers.
Moran, a partner with Experienced Advisors Recruiting of Fort Lauderdale, FL, points to a newly-released Registered Rep. magazine survey showing that only a small percentage of advisor sales assistants are interested in becoming full-fledged financial advisors even though sales assistant (SA) pay shrank last year.
The annual survey of sales assistants, client service associates and other support professionals across the country, conducted in August, found that average base pay fell 16 percent to around $45,000 in 2010, while the average bonus dipped 4 percent to around $6,300.
The survey, which was completed by 183 sales assistants, also found that 35 percent of the sample was glad to remain in the SA function. About half of those surveyed said they were interested in graduating to a position with more responsibility, compared with 35 percent who said they were happy staying put. About 14 percent said they wanted to serve FAs with ultra-wealthy clients. “Another 11 percent said they would like to be office managers, while 10 percent were interested in becoming financial advisors," Registered Rep. reported this month.
"REAL COMPENSATION COMES WHEN AN SA BECOMES AN FA"
“Here’s the rub,” says Moran, a former CFP and advice giver himself. “The real compensation comes when an SA becomes an FA. However the trend is that most SAs want to continue to be support driven, working with clients and retaining revenues” instead of attracting new clients and adding to the revenue base.
“In my opinion, good SAs are a farm team for future FAs,” Moran says. "If only 10 percent of SAs want to progress to FAs, then where are these firms going to get FAs of the future? The same way they do now, via recent college grads or career changers who will be spit out of a training program after $100,000 or more is invested in them.”
Frequently, these newbies won’t generate enough revenue quickly enough for their firms.
Talented SAs should learn how to “build a book, run a business and share in the success” of their firms so they can also be included in succession planning, Moran says.
Also, noting that support personnel are not expecting the pay squeeze to last—with 57 percent of survey respondents expecting their total compensation for 2011 to be more than what they got in 2010—Moran says, if an SA is expecting an increase in base pay, then they will have an increase in workload not in proportion to the pay increase.
“And, it's likely to be in areas that they might not enjoy as much as interacting with clients, such as compliance,” given that almost half the survey respondents said compliance duties were up this year over last year.
NOT EVERY SA HAS WHAT IT TAKES TO BE AN FA
On the other hand, many advisors will hand you a personality test when you interview for a position at their firm, and not every support staff person has what it takes to be a lead wealth advisor—and vice versa, says Robert Wolfe, Managing Director of United Capital Financial Partners’ South Florida Region.
Those who will be good at prospecting will have a good deal of assertiveness, ego strength and will favor risk taking, for instance, says Wolfe, while those who excel at service will test high for being accommodating and needing external structure rather than independence.
The good news is that there seems to be plenty of work for sales assistants these days, Registered Rep. reports, and ideally, says Wolfe, those with both detail-oriented support skills and sales accument can begin as SAs and be “groomed and mentored” to become wealth advisors.
In my last column, I introduced a few key ideas to consider when you either find yourself in job search or have been in search for a while. My intention now is to build upon the ideas presented and to encourage you to understand how to apply this knowledge—selectively and productively—to your own unique situation.
Below are five additional recommendations that have worked for numerous clients over many, many years. These basic principles will serve as a platform for future columns and allow us to focus on a more in-depth basis on industry specific job search and career matters.
Continue reading "Career Coach: Job Search Success for the Finance Professional (Part 2)" »
More and more, financial advisors seeking greener pastures in private banking and wealth management are having to contend with a variety of evaluation tools beyond the traditional interview drill, including some that measure your personality.
Private banking and wealth management firms are increasingly employing job-specific testing, aptitude tests and “psychometric” or personality profiling—the latter of which is particularly popular among the most profitable independent wealth management organizations.
Continue reading "Do You Have the Right Personality for Wealth Management?" »
For many highly skilled finance professionals who are unemployed—notably CFA charterholders and those diligently working toward the designation—job search may feel like a never ending process. Over time, it is inevitable that questions will arise and confidence begins to wane: “Who is going to hire me? Will they want someone younger or cheaper? Is my experience growing stale?” The longer the period of involuntary unemployment, the more overwhelming these feelings have the potential to become. And as the job search lengthens, traditional search techniques seem less effective, too.
Continue reading "Career Coach: Job Search Success for the Finance Professional (Part 1)" »
In the Broadway revival of the musical, How to Succeed in Business Without Really Trying, protagonist J. Pierpont Finch consistently finds ways to sidle up to company brass while pressing flesh, spelling out his name in a millisecond, and making uncanny personal connections that take him from mail boy to the top of the food chain before you can say, “smooth operator.”
That’s a lot tougher than it looks. Just ask San Francisco-based career coach and jobs transition specialist Don Asher who was in New York City recently coaching high-potential young executives at Goldman Sachs.
In a subsequent interview with eFinancial Careers he shared some of his own insights toward jumping the corporate boundaries gracefully.
Earning the CFA charter is a notoriously difficult process, one which requires hundreds of hours of hard work and study over many years, not to mention the thousands of dollars it costs in exam fees and test prep. While holding the charter is often seen as a career booster, many potential candidates wonder exactly how much more they will earn with a CFA charter than with, say, an MBA. Ultimately it boils down to whether or not there is there a way to put an intrinsic value on either designation, and, if there is such a value, what is it?
Continue reading "Putting a Dollar Value on a CFA Charter vs an MBA" »
Before you get the call from a recruiter or employer, an unseen world passes by: candidate selection. In this world, subtle discrimination is standard—and more rich and varied than you could probably imagine.
From small prejudices to flagrant discrimination, we’ve spent the past few weeks collecting a list of the discriminatory statements made to recruiters by clients in investment banks, brokers, asset management firms and insurers.
This is what they told us:
1) Too old/too young…next!
“28 years old? That’s too young. He won’t be able to stand up in front of clients.”
“This candidate is definitely too senior. He won’t get along with the other managers. We need someone around 35 years’ old—no more.”
“We don’t want candidates who are more than 45 years old because they’re harder to manage than younger people—and too expensive.”
Continue reading "Everyday Discriminations Commonplace in Financial Services Recruitment" »
Dressed in something resembling a blue cape, Gary Cohn COO of Goldman Sachs recently gave a philosophical commencement speech to students at the Kogod School of Business, his alma mater.
We’ve broken Cohn’s speech into easily digestible career-related aphorisms below.
1) Be funny, be light, be grateful
Cohn is. He says: “I know I succeeded in life. I’ve never found a meal that I didn’t love. If you look at me I haven’t missed a lot meals in my life.”
Continue reading "9 life and career lessons from Gary Cohn" »
As the dismal jobs numbers came out today showing unemployment at 9.2 percent, investors responded by selling off stocks. But not all Wall Street firms were cringing at the news of more job losses. In fact two financial giants are actually doing something about it.
Bank of America/Merrill Lynch is joining forces with Prologis and NRG Energy to help finance a solar energy project that will create an estimated 10,000 jobs in 28 states. According to an article in Investment Weekly, the deal involves a conditional commitment from the U.S. Department of Energy's Loan Programs Office to help finance the largest distributed rooftop solar generation project in the world.
Continue reading "Wall Street Finally Gets into the Jobs Creation Business" »
The idea of taking a pay cut is anathema for all working professionals—especially for finance execs used to handsome compensation packages. But many are finding their paychecks and pocketbooks to be much leaner this year. For those impacted by a slash in pay, unlike before, most are choosing to stay put, says Ken Murray, president of Mercury Partners, an executive search practice for front office finance professionals. He says it’s just too difficult for finance pros to replace a position.
In an interview with eFinancialCareers, Murray says it's different if you’re thinking of looking to a new employer. Then, he says, it’s verboten to accept a pay cut, unless there are serious “extenuating circumstances.” Most employers will fear that the prospective employee taking a pay cut is simply there for the moment or is in some way not as competent as their peers.
Continue reading "When It’s Wise (And Not) to Take the Dreaded Pay Cut" »
Each year a new “super candidate” emerges among executive recruiters panning the streams for that next “gold” standard among employer expectations. Those of us in the business of connecting job seekers to job openings refer to these rare and often “too good to be true” candidates with the perfect combination of skills, personalities and knowledge as a “purple squirrel” representing that difficult to find person who may only exist in the imagination.
Talking to recruiters and hiring managers, it appears this year’s purple squirrel could be what one headhunter called the “Quant Social Butterfly,” that candidate who can excel both in the mathematically challenging world of quantitative analysis as well as in the “real world,” where he or she can be personable, likeable, and able to communicate and relate easily to others in a variety of social situations, such as client dinners and events.
Continue reading "Is the Quant Social Butterfly This Year’s Purple Squirrel?" »
In ancient Greek tragedy, the seeds of one’s destruction are revealed through personality. Aristotle believed that every tragic hero had a fatal flaw that ultimately led to his or her downfall. This flaw was as irreversible as the will of the gods. Sophocles also explored the “fatal flaw” theory in the majority of his seven surviving plays.
Continue reading "Tragedians in the Workplace: Three Flaws Fatal to Career Survival" »
If you’ve ever visited finance or analyst forums, you will probably immediately recognize the debate: which is better, the Chartered Financial Analyst (CFA) designation or a Master’s in Business Administration (MBA)? Some argue the MBA is a waste of time and money unless it comes from one of the top-ranked MBA programs. Others claim MBA graduates have a flimsy grasp on finance compared with those with a CFA charter. MBA enthusiasts counter that CFAs have a deep knowledge of asset management principles but lack context about the broader aspects of business. Underlying these arguments is the answer: no one program is right for everyone.
Continue reading "What’s In Your Portfolio? Investment in CFA vs. MBA for Finance Professionals" »
This year’s GovernanceMetrics International’s “2011 Women on Boards” report offers a number of insights into the progress, or lack thereof, being made to bring more women onto corporate boards around the world. The biggest and most depressing news is that “40 percent of the world’s largest publicly listed companies have not appointed even one woman to their boards.” The report also describes a discernable European trend to legislate quotas (undoubtedly in response to the lack of voluntary action on the part of most corporate boards). For example, Norway has established a quota requiring 40% of boards be composed of women), Spain has a quota requirement in the pipeline, and France’s National Assembly has recently passed a quota law. Laws are also under consideration in the Netherlands, Belgium, and Italy.
Continue reading "The Value of Women on Boards—What Statistics and Common Sense Tell Us" »
The one constant in financial markets is change. The same could be said for jobs within the financial markets sector. Not only are specific jobs changing in terms of what skills you need in order to perform them, but job availability is continually shifting among financial job categories. For example, there may be fewer opportunities for securities analysts now than in the past, but there is an overwhelming need for wealth managers and financial advisors.
What if I told you that the same skills needed to be a successful financial analyst also apply to being a successful financial advisor? Financial analysts assess the performance of stocks, bonds, commodities, and other types of investments, skills generally employed by financial advisors.
Continue reading "Leveraging Your Skills in a Tight Financial Services Jobs Market" »
Commodity trading advisors—a subset of the hedge fund sector—are enjoying a heyday stateside, as well as in Europe and Canada. It’s no surprise given the inflows into the entire hedge fund space. CTAs snagged $6 billion in March, making it the fourth straight month of inflows. Much of the inflow came from newly interested institutional investors.
The CFA Institute, the global association of investment professionals, announced today that 144,900 candidates from 162 countries have registered for the CFA exam in June 2011. That's a four percent increase of the number of candidates that registered last June.
The CFA says the increase reinforces "the strong commitment among finance professionals to high standards of ethics, education and professional excellence, which the CFA Program demands."
Overall, there were 209,945 registrations for CFA exams in fiscal year 2011 which includes December 2010 and June 2011, an increase of five percent on fiscal year 2010.
Continue reading "144,900 Candidates Register for June 2011 CFA Exams" »
Johnson Associates are predicting moderate increases in incentive compensation across the financial services industry this year, but they expect that in most cases, bonuses will remain below the highs of 2007.
The compensation specialists say key drivers impacting bonuses are “the pace of the recent economic recovery, varying impact of regulation on business activities both globally and regionally, mix of business, and ongoing uncertainty in world markets.”
Continue reading "Bonuses in the Securities, Commodities, and Commercial Banking" »
Recruiters working with hedge funds often have a difficult job. When big money’s at stake, employers and employees can be a rather demanding lot.
One Los Angeles-based financial recruiter says hedge funds are notorious for having strong personalities at the helm. A visit to a well known player gave the recruiter a peek into the high pressure environment that some of the employees work under. One chief portfolio manager routinely threw computer monitors, and so much so that his staff kept a ready supply on hand for just that occasion.
This could be a good year for job seekers in the financial sector. The latest eFinancialCareers survey released today found that nearly two out of three (62.1%) financial professionals plan on moving to a new employer in 2011. Moreover, four out of five (80.5%) say their current employer has not offered them any positive incentives to stop them from jumping ship.
Continue reading "Opportunities for Job Seekers in All Financial Sectors" »
Operational risk remains a focus for trading operations and for good reason. Banks and investment firms say they’re worried about repeating the errors of the past. But just where do the operational risk managers and the quants meet, for instance? That’s been a serious point of contention.
Continue reading "Positions in Operational Risk On the Rise" »
Cantor Fitzgerald & Co. increased its equities department headcount 20% over the past year, bringing those ranks to 400 traders and analysts worldwide, and may go on to increase its staff by another 100 professionals globally, according to recent comments by company CEO Shawn Matthews.
Cantor is hoping to build itself into a full-service investment banking boutique that’s “trying to re-create a style of business that disappeared over the years as the bulge-bracket Wall Street banks tightened their grip on stock trading by snapping up smaller brokerages,” according to a recent Wall Street Journal post.
Continue reading "Skinny on Cantor Fitzgerald's Build-Out And Hiring Plans" »
When it comes to their attire, hedge fund professionals are able to be a lot more casual than most Wall Streeters. Shirts and slacks are the norm; suits and ties are not required.
But dressing up your resume is another matter altogether. You want to include as much detail as possible and leave very little to the imagination.
“I’d say the resumes of eight out of 10 of our candidates need some work,” advises Kyle J. Ramkissoon, principle and founding member of hedge fund recruiter IJC Partners in New York.
Continue reading "Hedge Fund Resume Rule" »
Yesterday's post tackled regulatory matters for performance-based fees. But, how effective are those fees?
Psychologists have determined that the old carrot-or-stick method only works in certain circumstances. In the following video from the Royal Society for the Encouragement of Arts, Manufactures and Commerce, Daniel Pink (author of Drive: The Surprising Truth About What Motivates Us
It's been one year since NYSSA launched the FPP, and the readers have spoken: hot topics include career development, landing a job (not surprising!), behavioral finance, emerging markets, and quantitative methods. Here are the ten most popular articles from the previous year in case you missed them the first time around. If you would like to suggest new topics for the FPP to cover, please take a minute to fill out our reader survey. (Everyone who completes the survey is automatically entered in a drawing to win an Amazon Kindle and a selection of e-books from the FT Press.)
1. Five Things NOT to Do if You Want to Pass the CFA Exam
With pass rates lower than 50%, the CFA exams are daunting for even the most seasoned financial professionals. Approach the process strategically and avoid these common mistakes.
Continue reading "Anniversary Special: Top Ten Articles from the FPP" »
Don’t believe the hype. Despite the negative profile structured credit products have received during the past few years, some jobs in the space remain pretty secure. Maybe the people on the trading and sell side weren’t so lucky, but the jobs of portfolio managers with a specialized skill never went away. Even as banks were forced to slough off some of their exotic products, hedge funds and pure asset managers firms stayed in the game.
Continue reading "Structured Product Portfolio Managers are Faring Well" »
With all the Wall Street types who are looking for jobs, and those eager to jump ship, Aram Fuchs, a partner at Fertilemind Capital, figured it’d be no problem filling a senior and junior analyst position at his hedge fund. But when his networking, interviews and other efforts didn’t yield the kind of candidates he was looking for, he decided to take another tack: hold a contest à la Donald Trump’s the Apprentice and award the gigs to the winners.
Remember 2008 and 2009? They were pretty horrible years for those working in mutual funds. As the financial meltdown took its toll and the stock market plunged, fund liquidations and layoffs decimated the space. But it appears that we’ve hit rock bottom, and asset management and advisory and consulting firms are beginning to hire again.
The change was inevitable. Investors are beginning to come back to the market, and stock funds are enjoying a boost. Understandably, the muni mutual fund market's seen considerable outflows.
Continue reading "Turnaround in Mutual Funds Is Sure to Boost Hiring" »
Okay, you’ve scored and aced an interview at a hedge fund, but you didn’t get a call back or even an e-mail to say “Thank you, but no.” That’s the case for a number of people, including some senior level traders who recently interviewed at BlackRock.
According to Adam Zoia, chief executive at Glocap Search, it’s not much of a surprise. “It’s more common not to hear back from a hedge fund than it is from a bank or investment firm,” he says. If you have an intermediary—like an executive recruiter—they will often have to chase down the hedge fund client to find out what went wrong, he adds. “They often like to keep their options open.”
Click here to read the full article.
Investment professionals contemplating—or desperately seeking—a change of career may want to take a look at the field of financial planning, in which employment is growing robustly and money management skills are key to success. Within that field, however, are a number of niches, one of which is the fee-only financial planner, or what we’ll call the “PFP” or “personal financial planner.” A PFP operates solo or in a small firm, with clients whose assets under management are usually less than $1 million. The PFP position represents one of the most rapidly expanding and least well-known segments in financial planning.
Continue reading "Personal Financial Planning: Making the Transition" »
The financial industry is an ideal crucible for studying psychological stress and its effects upon performance. Few professions involve such routine exposure to risk and uncertainty; even fewer measure performance success so tangibly. The recent deleveraging and the contraction of the industry have brought a variety of personal and professional stresses to investment professionals.
Consider the following scenarios, each of which is drawn from recent conversations with workers in the finance sector:
To hobby or not to hobby? That's the question of many candidates. On the one hand, including an “interests” section on your resume can add dimension beyond your experience. A mention of marathon running shows your drive. Volunteer makes you seem human and gives the interviewer something to chat about. On the other hand, you run the risk of appearing unprofessional—or worse, an offer by irking someone with your passion.
While horror stories abound, many recruiters and hiring managers vote in favor of including a well-edited selection on a finance resume, but only if your interests are genuine and not too kooky.
As companies like Prudential Financial and John Hancock market new 401(k) hybrids that feature an annuity option or different sorts of income guarantees, financial services firms increasingly seek individuals who can tie together capital markets know-how with underwriting expertise. An ideal candidate: someone with both a Certified Life Underwriting certification together with a CFA.
Click here to read the full article.
The interview is ticking along nicely, then wham: Your interviewer hits you with an unexpected and seemingly irrelevant problem-solving question.
So what to do when the focus suddenly switches from your skills and experience to being asked how many ping-pong balls there are in China?
Click here to read the full article.
Some of the most popular articles on the Finance Professionals' Post are those that address the relative value of professional designations, particularly the CFA designation—and understandably so. Before investing the requisite time and money to meet the rigorous demands set by the sponsoring organization, you want to know what the benefits are.
The CFA Institute recently produced an excellent series of testimonials from CFA charterholders around the globe. In this segment, Saurav Mishra—a CFA charterholder and Senior Treasury Manager, HDFC Bank, Mumbai, India—explains that earning his designation helped him to feel like a member of "a coveted circle of finance professionals."
As China slowly loosens its control over financial operations, there are predictions of a flurry of jobs opening up in banking and investment services on both the mainland and Hong Kong. Wall Street and a number of UK and Swiss banks have made inroads, but state control has tempered their success.
Click here to read the full article.
Recent Comments