One (rather exasperated) headhunter recently told me: “Finding an excellent private banker is like finding an excellent doctor. There are plenty of general practitioners around, but there aren’t many amazing surgeons.” The talk last year was of firms only wanting the best, most cashed-up bankers, which was fair enough in the midst of the financial crisis. The problem now is that vacancy levels are rising again, but recruitment requirements remain... Read more
By Simon Mortlock, 12 Mar 2010 - 0 comments
The chairman of Bank of China, one of the country's biggest state-owned lenders, said he wants the bank to grow aggressively overseas but isn't interested in acquisitions, a sign that China's lenders remain wary of investing in foreign financial institutions. (Wall Street Journal) A string of villages on the outskirts of Beijing has become the unlikely focus of a national discussion about China's stubbornly tough job market for young people, as... Read more
By efinancialcareers.hk , 12 Mar 2010 - 0 comments
ANZ and Commonwealth Bank of Australia (CBA) are aggressively taking on talent in a bid to catch up with more established foreign banks in China. The first ANZ rural branch opened in Chongqing last year, and the firm is aiming to boost its current network of two branches and a representative office by opening more than 20 new branches by 2012. Last year, bank officials said headcount in its retail banking... Read more
By Raymond Ma, 11 Mar 2010 - 2 comments
Banks made a lot of their layoffs way back in Q4 2008 and Q1 2009, but the job market only really picked up late last year. This means there are people, quite a few people, who have now been looking for work for a whole year (or more). In many cases, the stigma of a year’s unemployment could be stifling their job searches, and leaving them with much explaining to do... Read more
By Simon Mortlock, 09 Mar 2010 - 0 comments
Reading this you have most likely had experiences with using headhunters in your career. Some of those interactions would have been good and value adding, others possibly not so good. Last year was a tough one for us all: clients, candidates and headhunters alike. As the market heats up again in 2009, it’s natural to assess where you want to be in your career. Many of the recruiters you have... Read more
By James Carss, 08 Mar 2010 - 0 comments
Our senior columnist explains why you will usually make more money at an international bank. The author is a senior banker based in Singapore, with three decades in commercial and investment banking at major international firms. If you haven’t read his other columns, click here, here and here. My nephew, who works for a major foreign bank in Singapore, laments endlessly about the tremendous working pressure and stress which he faces... Read more
By Anonymous , 04 Mar 2010 - 0 comments
Recruitment is on the rise in Asia, but the GFC has taught employers to come down harder than ever on serial job hoppers. If you think you might fall into this unfortunate category, the following article will no doubt make fairly depressing reading. Are you a job hopper? Candidates with less than two years’ experience in their current role should ideally stay put, gain more experience and try to progress internally,... Read more
By Simon Mortlock, 02 Mar 2010 - 2 comments
I am a first-year research associate in an equity research department. I have just spent several weeks putting together charts and data analysis for my boss. Building easy-to-understand Excel charts, graphs, statistics analysis and PowerPoint presentations is now what I do every day. Is it worth it? Will it really help my career? I’d like to think so. A lot of new comers (and even experienced people) have the wrong impression... Read more
By Anonymous , 01 Mar 2010 - 0 comments
1) What was that job again? Banks are back in hiring mode and some of them have hundreds of roles open across several departments. Give HR and recruiters a break and include the position you are applying for in the introductory paragraph of your cover letter, says Jason Hemens, manager, Michael Page International. 2) Know the managers name… To make sure your cover letter stands out, do not start it with a generic... Read more
By Simon Mortlock, 25 Feb 2010 - 0 comments
Vacancy activity is rising in Asia and the first signs of skills shortages have emerged. In such a market, employers that have not started to quicken their recruiting process have been the first to miss out on the best quality candidates. What a difference 12 months makes. Last year will be remembered as a tumultuous year for many sectors. Compared with the preceding years, the recruiting landscape was remarkably different in... Read more
By Emma Charnock, 24 Feb 2010 - 3 comments
Last week we asked you to submit your resumes to be reviewed by the kind, intelligent readers of eFinancialCareers in Asia. Today we present our first CV for your critique. Just use the comments box below to offer your insights into why this guy can’t get a job. “I recently moved from the UK to Hong Kong. Prior to shifting over here, I was working on a European Government bond... Read more
By Simon Mortlock, 24 Jun 2009 - 18 comments
Brijesh Pande has just finished the master's in finance at London Business School. Previously head of fixed income capital markets at Citigroup in Indonesia, he joined a leading Australian bank in Singapore as head of FX, interest rates and derivatives corporate sales for South Asia after his course finished. We've asked Brijesh a few questions below. He will also be available to answer selected questions from readers between 21 and 23... Read more
By Brijesh Pande, 21 Jul 2008 - 18 comments
You send your CV to a reputable headhunting firm. You don’t hear from them. You try calling them, but can’t get someone to speak to you. You persist and finally talk to someone who is just not interested in meeting you, or talking to you for more than five minutes. Sounds familiar? Chances are, this is the experience of a vast majority of bankers who have approached search firms to... Read more
By Andre Cheong, 13 Jul 2009 - 14 comments
In the second of her regular “View from the bottom” series, our columnist tells us about her trip to Hong Kong in search of work. The writer is a young Singaporean banker who worked on Wall Street and is now searching for a job in Asia. I had been scheduled to interview for a position in Hong Kong as a replacement hire at an investment bank there. However, due to repeated... Read more
By Anonymous , 01 Apr 2009 - 12 comments
I'm a recent graduate currently trying to apply to an analyst graduate programme of a major bank, or find a permanent job with good responsibilities and prospects. Areas I'm interested in are research, finance, or project management. I've had internship and contract-working experience and I am currently working as an analyst (contract) in a major European bank. AWARDS, CERTIFICATES, and CO-CURRICULUM ACTIVITIES • Awarded Best Trainee during National Service • Member of the... Read more
By efinancialcareers.hk , 01 Nov 2009 - 11 comments
Last week she was angry with a major European bank giving her the run-around. And now our “View from the Bottom” columnist says her very specialized structuring background is stifling her job search. The writer is a young Singaporean banker who worked on Wall Street and is now looking for a job back in Asia. A headhunter recently told me that banks are wary of candidates with more than six months... Read more
By Anonymous , 24 Aug 2009 - 9 comments
In the latest installment of her popular “View from the Bottom” series, our columnist vents her frustration about banks and their tedious selection methods. The writer is a young Singaporean banker who worked on Wall Street and is now searching for a job back in Asia. You’ll be pleased to know that I’ve actually had a few interviews recently. I tend to either make the final rounds, or some silly internal... Read more
By Anonymous , 17 Aug 2009 - 9 comments
In the latest of her regular “View from the bottom” series, our columnist tells us about her worries for the future. The writer is a young Singaporean banker who worked on Wall Street and is now searching for a job in Asia. Sunday marked the end of the time limit I set myself last year for finding a new job in i-banking. As you might have guessed, I still haven’t found... Read more
By Anonymous , 17 Jun 2009 - 9 comments
I am a continental European by birth, but I’m currently working for a major investment fund in the UAE. Until a couple of years ago, I was with in an investment bank in London, but I got the chance to move into private equity when the market was in a bad shape and moved here. It was a good choice, but now I’m looking to move on again. I feel... Read more
By Anonymous , 03 Feb 2010 - 8 comments
Until six months ago, my life was smooth sailing. After graduating from a US Ivy League school in 2000, I joined a major European bank as a junior IT developer. I escaped the 2001 recession intact, and was on track for my promotion to an associate director in 2005. But I decided to explore my options a bit more, so I resigned and started a Masters in Finance in one... Read more
By Anonymous , 09 Nov 2009 - 8 comments
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