Technology Specialists Making A Comeback
A resurgence in technology deals has recruiters and bank executives on a sharp lookout for tech specialists on both coasts. However, the searches are proving a challenge, especially when it comes to finding junior and mid-level candidates.
Among the issues, says an article in Investment Dealers Digest, is that the recent tech slump caused many specialists to move into other banking groups. At the same time, it didn't generate enough deal flow to give juniors much experience.
The growth in new activity is led by new media and Internet deals, though consolidation in traditional technology sectors - like software - is contributing, as well.
Among the companies adding tech bankers are Jefferies, Susquehanna, RBC Capital Markets and Banc of America Securities, IDD said.