Hiring looks to hot up in Q1

23 January 2006

1 minute read

Investment banks are set for a recruitment surge. According to Financial News, banks are readying to boost investment banking teams after bonuses are paid out in the next few months.

The paper cites Lehman Brothers, which made several big hires last year, as one of those likely to make high profile additions.

Staff are expected to leave HSBC's corporate and investment banking unit after cashing in the last of their guaranteed bonuses according to the paper.

A senior corporate finance headhunter interviewed by eFinancialCareers.com confirms the trend: "The pipeline of deals is strong, and in the last three of four months almost every organisation has thought it's increasing market share and become worried about a lack of resource," he says. "Banks will hire aggressively in the first quarter."

Where do you see the hiring market going in the first quarter? Let us know what you think.

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Insider Comment

Ia
Ian
27 January 2006
As a specialist energy recruitment consultant I strongly feel that banks are looking to boost their energy trading teams. I am personally working with a number of investment banks and leading energy companies. With the likes of Lehman Brothers' and Macquarie Bank's new energy trading teams and Barclays Capital, Morgan Stanley and Merrill Lynch with established energy trading teams, banks see energy as a top 3 profit making vehicle. Morgan Levy
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Ia
Ian
25 January 2006
Quants also will be in more demand, especially with hands on programming experience and strong mathematical background to build expert systems, not primarily models as we have seen in the past.
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