Investment Banking Talent Recruitment | Selby

Selby Jennings: Specialist Talent Partner in Investment Banking Recruitment

Investment banking firms and professionals in the US need a dependable investment banking recruiter. For 20 years, Selby Jennings has been meeting the permanent, contract, and multi-hire needs of the financial sciences and services industry.

Here at Selby Jennings we take pride in what we do, streamlining processes and upskilling workforces across three continents, North America, Europe, and APAC, advising Investment Banking leaders with expert insights. From benchmarking compensation and benefits packages, to how to implement flexible working models, we assist financial services firms with the recruitment they need, as well as Investment Banking professionals throughout their career moves.

Whether you’re interested in securing the very best Corporate Banking talent or an investment banker looking for your next Investment Banking Associate, Corporate Banking Analyst, or Corporate Banking Senior Associate role, Selby Jennings Investment Banking is here, ready to connect exceptional talent to industry-leading clients.

If you're a Investment Banking professional, please register your CV/resume.

If you're looking for Investment Banking talent, please register your vacancy today.

What are the benefits of working with Selby Jennings for Investment Banking talent?

We are a specialist Investment Banking talent partner. Among the many benefits of working with Selby Jennings’ global Investment Banking team are:

Experience

We have 20 years of experience as a leading Investment Banking recruiter in financial sciences & services.

Network

A vast, global network of the best, in-demand professionals, working with the world’s largest financial institutions to innovative fintech start-ups and beyond.

Knowledge

Our award-winning talent specialists offer bespoke, tailored guidance on the latest hiring trends and industry news to help you achieve your goals.

At Selby Jennings, we believe in fostering long-term partnerships based on trust, integrity, and mutual success. Our Investment Banking recruitment consultants strive to provide personalized solutions tailored to your specific requirements, offering flexible options to accommodate your Investment Banking hiring preferences. Whether you need to fill critical positions quickly or are seeking strategic talent acquisition solutions, we have the resources and expertise to deliver results. Submit your vacancy to us today.

Take the first step towards overcoming your talent shortage today by completing the form. Our Investment Banking team looks forward to speaking with you to explore how we can partner with your organization to meet your Investment Banking recruitment needs efficiently and effectively.

Investment Banking Roles

The finance world is evolving, and Investment Banking professionals are key players in this arena. Partner with us here at Selby Jennings, and your career could benefit from our deep insights in the financial sciences & services industry. Review our current Investment Banking vacancies or submit your CV/resume, and one of our consultants will be in touch when an opportunity matches your profile.

IB Associate CLT

Job Title: Investment Banking Associate 2 or 3 Salary: $200,000 + Bonus Company Summary: We are currently partnered with a leading Middle Market Investment Bank looking to add an Investment Banking Associate II to their team in Charlotte, NC. This opportunity would allow you to join an active team and gain extensive sell-side M&A experience. This is a growth hire for the team as they have several active and exciting projects and are always looking to broaden the team's scope. This Investment Banking Associate will be responsible for: Build and maintain complex financial models to perform analyses under different operating scenarios. Conduct in-depth fundamental, financial, and operational due diligence and analysis on new business development opportunities, investments, and acquisitions. Work directly with senior investment bankers to ensure prompt and effective execution of transactions. Assist in the day-to-day deal and project execution. Analyze market trends and conduct market research. This Investment Banking Associate should have the following qualifications: 3 years in Investment Banking Background or interest in the Technology, Media, Marketing, and Information Services Industries. Extensive financial modeling and financial statement analysis knowledge Candidate must have the ability to work on a variety of transactions at a time.

US$155000 - US$200000 per year

New York

Apply

Corporate Development Director

Title: Director of Corporate Development Company Summary: We are currently partnered with a top tier Aerospace, Defense, and Government firm looking to add a Director of Corporate Development to their growing team. This Director of Corporate Development will have the opportunity to join a team that is on track to have another record year gaining buy-side M&A reps and experience working with senior leadership. The Director of Corporate Development will be responsible for: Preparing and delivering presentations throughout the deal execution period. Assist in the coordination of internal and external resources in the due diligence process for M&A transactions. Assisting in the execution of M&A transactions, mostly on buy-side M&A. Conducting extensive industry, market, and company-specific research. Building and maintaining client relations with established and prospective clients. The Director of Corporate Development should have the following qualifications: 8+ years within Investment Banking or Corporate Development Industry experience within Aerospace, Defense, and Government, or Industrials required. Bachelors in Finance, Economics, Business or related fields. Strong closed M&A deal experience. If you are interested in the Director of Corporate Development role, then please don't wait to apply. Email me over a copy of your resume and we can schedule a time to chat.

US$195000 - US$215000 per year

Washington

Apply

Turnaround & Restructuring Senior Associate

Job Title: Turnaround and Restructuring Senior Associate Location: New York City or Miami, FL Job Description: My client is seeking a highly skilled and motivated Turnaround and Restructuring Senior Associate to join their high-performing team. In this role, you will play a critical part in driving the analysis and subsequent success of our turnaround and restructuring engagements. You will be responsible for developing and managing financial models, creating detailed presentations, and providing strategic recommendations to senior leadership both internally and externally. Key Responsibilities: - Lead the development and maintenance of complex financial models to support turnaround and restructuring initiatives. - Prepare comprehensive decks and presentations for internal and external stakeholders. - Conduct in-depth financial analysis and identify key performance indicators. - Provide strategic recommendations to improve financial performance and operational efficiency. - Assist in the implementation of restructuring plans and monitor progress. - Communicate effectively with clients, creditors, and other stakeholders. Qualifications: - Bachelor's degree in Finance, Accounting, Business, or a related field; MBA or relevant certification preferred. - 6-9 years of experience in turnaround and restructuring, distressed investing, restructuring investment banking, or a related field. - Strong proficiency in financial modeling and presentation software (e.g., Excel, PowerPoint). - Excellent analytical, problem-solving, and communication skills. - Ability to work independently and manage multiple projects simultaneously. - Strong attention to detail and a high level of accuracy.

US$160000 - US$400000 per annum

New York

Apply

TMT M&A Associate - NYC

Our client is a boutique investment bank specializing TMT sector with a strong focus on servicing mid-market tech services companies. The team is dedicated to providing top-tier advisory services, including mergers and acquisitions, capital raising, and strategic consulting. They pride themselves on their deep industry knowledge, personalized approach, and commitment to excellence. They are currently looking to expand by hiring a highly motivated and detail-oriented TMT Associate to join their dynamic team. The ideal candidate will have a strong background in investment banking, with a particular focus on the TMT sector. This role offers the opportunity to work closely with senior bankers and clients, providing critical support on a variety of transactions and strategic initiatives. Key Responsibilities: Conduct detailed financial analysis and modeling to support M&A transactions, capital raising, and other advisory services. Prepare and deliver high-quality presentations and pitch materials for clients and potential investors. Perform comprehensive industry research and market analysis to identify trends, opportunities, and potential risks. Assist in the due diligence process, including reviewing financial statements, conducting valuation analyses, and coordinating with other advisors. Build and maintain strong relationships with clients, investors, and other stakeholders. Support senior bankers in the execution of transactions and strategic projects. Qualifications: Bachelor's degree in Finance, Economics, Business, or a related field; MBA or CFA designation is a plus. 3+ years of experience in investment banking, with a focus on the TMT sector. Strong financial modeling, analytical, and quantitative skills. Excellent communication and presentation abilities. Proficiency in Microsoft Office Suite, particularly Excel and PowerPoint. Ability to work in a fast-paced, team-oriented environment and manage multiple projects simultaneously. High level of attention to detail and strong organizational skills.

US$150000 - US$170000 per year

New York

Apply

VP - Model Risk Validation

Primary Responsibilities: Conduct initial and ongoing validation of quantitative models. Develop, design, and prototype alternative models. Perform quantitative analysis and review of model frameworks, assumptions, data, and outcomes. Test numerical implementations of models and review associated documentation. Ensure compliance with governance requirements. Document findings in validation reports, including recommendations for model enhancements. Validate models in accordance with regulatory standards and industry best practices. Monitor the implementation of validation recommendations. Prepare model risk reports for the Model Oversight Committee and the Board.

Negotiable

London

Apply

TMT Associate

We are seeking a highly motivated and experienced Analyst or Associate to join an independent financial advisory firm. The ideal candidate will have a strong background in the Telecom, Media, and Technology (TMT) sector. Key Responsibilities: Conduct detailed financial analysis and modeling for telecom sector clients. Assist in the preparation of pitch books, presentations, and other marketing materials. Perform industry and company research to support business development and client advisory activities. Collaborate with senior team members to execute transactions, including mergers and acquisitions, capital raising, and strategic advisory. Monitor and analyze market trends, competitor activities, and regulatory changes impacting the telecom sector. Prepare detailed reports and presentations for internal and external stakeholders. Qualifications: Bachelor's degree in Finance, Economics, Business, or a related field. 1-3 years of experience in investment banking, with a focus on the TMT sector. Proven experience working at a top-tier global investment bank Strong financial modeling, analytic, and quantitative skills. Excellent communication and presentation skills. Ability to work effectively in a fast-paced, team-oriented environment. Proficiency in Microsoft Office Suite (Excel, PowerPoint, Word).

Negotiable

City of London

Apply

M&A VP | Business Services

We are seeking an experienced Vice President to join an elite boutique investment bank in London. This role focuses on the Business Services sector and involves helping to build out and lead the team. The ideal candidate will have a strong track record in M&A within the Business Services sector. Key Responsibilities: Lead and manage M&A transactions from origination to execution, including deal structuring, negotiation, and closing. Develop and maintain strong relationships with clients, industry contacts, and potential targets. Provide strategic advice to clients on M&A opportunities, market trends, and valuation. Oversee the preparation of detailed financial models, valuation analyses, and transaction documentation. Mentor and develop junior team members, fostering a collaborative and high-performance culture. Identify and pursue new business opportunities to expand the firm's presence in the Business Services sector. Qualifications: 7-10 years of experience in M&A, with a significant focus on the Business Services sector. Proven track record of successfully leading and closing M&A transactions. Strong analytic, financial modelling, and valuation skills. Excellent communication, negotiation, and presentation abilities. Ability to build and maintain strong client relationships. Leadership experience with a demonstrated ability to mentor and develop junior team members. Proficiency in Microsoft Office Suite (Excel, PowerPoint, Word). Preferred Qualifications: Experience working in an elite boutique investment bank or a top-tier global investment bank. Deep understanding of the Business Services sector and its key drivers.

Negotiable

City of London

Apply

M&A Associate - Technology/Software

We're seeking an experienced M&A Associate with a background in the technology/software sector. Our client is looking to bring on someone that can assist in building out a team in their Frankfurt location. Responsibilities Assist and lead deal execution from end-to-end Maintain and build client relationships through collaboration with internal teams and external clients Create and deliver pitches for prospective clients Provide training and mentor ship to junior team members Experience 3-6 years of experience in Corporate Banking, Investment Banking M&A, Private Equity or Venture Capital Experience across technology or software sector Proven track record in end-to-end deal execution Fluent in German and English Self starter with an entrepreneurial mindset

Negotiable

Frankfurt am Main

Apply

M&A Analyst 3 | Technology

We're seeking an experienced M&A Associate with a background in the technology and software sector. Our client is looking to bring on someone that can assist in building out a team in their Frankfurt location. Responsibilities Assist and lead deal execution from end-to-end Maintain and build client relationships through collaboration with internal teams and external clients Create and deliver pitches for prospective clients Provide training and mentor ship to junior team members Experience 3-6 years of experience in Corporate Banking, Investment Banking M&A, Private Equity or Venture Capital Experience across technology or software sector Proven track record in end-to-end deal execution Fluent in German and English Self starter with an entrepreneurial mindset

Negotiable

Frankfurt (Oder)

Apply

Sr. Manager - Deposits Product Management, Retail Banking

We're representing a leading virtual banking group in Hong Kong looking to expand their business in Asia by adding a professional as a Senior Manager. The Senior Manager will also act as a Deputy Head of the team. Responsibilities Lead the management and growth of the deposit portfolio, payment, and card businesses. Develop product strategies and action plans to meet business objectives. Introduce new product features and innovations to enhance customer experience and profitability. Maintain a high awareness of market trends, customer behaviour, and competitor activities to take timely actions for managing business performance. Collaborate with stakeholder teams to streamline and improve systems, processes, and work flows related to deposits, payments, and cards. Ensure full compliance with governance policies and processes to meet both internal and regulatory requirements. Requirements Solid education background attained from reputable institutions across the world Strong experience with track record of deposits or payments product management within the retail banking or consumer banking space Excellent understanding of the risk and compliance framework of deposits and payments products Proficiency of written and spoken English and Cantonese

Negotiable

Hong Kong

Apply

Korea Research & Business Development

We're currently representing a Chinese independent investment bank in Hong Kong looking to expand their business to Korea in particular the Korean semiconductor market. The role will require frequent travels to the respective countries. Responsibilities: Develop a framework and network to analyse and research Korean markets and industries, including semiconductors and electronics. Collaborate with internal research analysts and external partners such as media, consulting firms, and academia. Prepare reports and insights for both internal use and external publication. Investigate and gain a deep understanding of industry developments. Conduct and assist in surveys, roadshows, investigation trips, and other research activities for investors and clients. Participate in defining the firm's strategy related to Korea and contribute to team expansion. Requirements: Solid education background gained from reputable institutions with related major Strong experience and proven track record within research and business development Excellent ability to process large and complex data to produce insightful reports Proficiency in written and spoken Korean and Mandarin

Negotiable

Hong Kong

Apply

Analyst/Associate - M&A

We're currently representing a European bank in Hong Kong looking to expand their M&A team by adding experienced M&A professionals to their team. Key Responsibilities: Execute buy-side and sell-side M&A transactions across various sectors in APAC. Conduct comprehensive financial analysis, due diligence, and valuation assessments to identify potential investment opportunities. Develop detailed financial models and presentations for clients and internal stakeholders. Take charge in deal structuring, negotiation, and documentation to ensure successful transaction closures. Support senior team members in deal pitching, financial modelling, and other ad-hoc tasks related to M&A transactions. Qualifications: Strong live deal experience within both buy-side and sell-side M&A transactions across Greater China or Asia Pacific Solid education background attained from reputable institutions Proficiency in both written and spoken English and Mandarin

Negotiable

Hong Kong

Apply

Investment Banking News & Insights

corporate-and-investment-banking

Compensation Trends in the Investment Banking Industry

Investment banking is a dynamic and highly competitive industry that plays a crucial role in global financial markets. Professionals in this field are responsible for providing financial advisory services, facilitating mergers and acquisitions, and raising capital for corporations, governments, and other entities. With the ever-evolving nature of the industry, it is important to stay informed about the latest compensation trends to attract and retain top talent. As a global talent partner, we explore current compensation trends and shed light on key factors shaping the hiring landscape to help you navigate through in-demand talent shortages. Download our comprehensive Global Investment Banking Salary Guide to gain valuable insights into industry benchmarks and compensation packages.The escalating demand for emerging skillsAs the investment banking industry adapts to rapid technological advancements and evolving market dynamics, there is a growing demand for professionals with emerging skills. The rise of digital transformation, artificial intelligence, and data analytics has created a need for individuals who possess expertise in these areas. Investment banks are willing to offer attractive compensation packages to attract individuals who can leverage these skills to drive innovation, improve operational efficiency, and gain a competitive edge.The integral role of ED&IED&I have become critical factors in shaping compensation trends in the investment banking industry. Companies are increasingly recognizing the benefits of having a diverse workforce that encompasses individuals from various backgrounds, cultures, and perspectives. By fostering an inclusive environment, investment banks can unlock innovation, improve decision-making processes, and enhance their reputation.In recent years, efforts to increase ED&I in investment banking have gained momentum. This includes initiatives to attract new talent by eliminating unconscious biases in job descriptions, retaining diverse talent, and identifying promotion processes to ensure pay equity. Investment banks that prioritize diversity and inclusion are often viewed more favorably by professionals, and they may offer competitive compensation packages to attract a diverse pool of candidates. Embracing flexibility in compensation packagesFlexible compensation packages has become an essential aspect of attracting and retaining talent in the investment banking industry. Traditional compensation structures focused primarily on fixed salaries and year-end bonuses. However, as work-life balance and personal priorities gain prominence, professionals are seeking more flexibility in their compensation arrangements.Investment banks are responding to this trend by offering a variety of flexible compensation options. These may include the ability to customize the allocation of bonuses, deferred compensation plans, stock options, and other long-term incentives. Additionally, some firms are providing benefits such as flexible working hours, remote work opportunities, and sabbatical leaves to accommodate employees' personal needs.To explore how these innovative compensation packages are revolutionizing the industry, it's essential to download the Selby Jennings Future of Flexible Working report. Gain access to cutting-edge information, statistics, and best practices that will equip you with the knowledge needed to excel in attracting, retaining, and nurturing top talent.The shift towards performance-based compensationPerformance-based compensation has gained significant traction in the investment banking industry. This approach links a significant portion of an employee's compensation to individual and firm-wide performance metrics. By aligning compensation with performance, investment banks aim to motivate employees to achieve their best and drive overall business success.Performance-based compensation often includes a mix of short-term incentives, such as annual bonuses, and long-term incentives, such as restricted stock units and performance shares. These incentives are tied to specific targets, such as revenue generation, profitability, client satisfaction, and risk management. Investment banks closely track and evaluate performance to determine bonus payouts and promotions, creating a meritocratic culture that rewards high achievers.To also explore the hiring strategies in the investment banking landscape, view here.Seize the opportunity – get in touch nowLooking to hire top talent and stay ahead? By partnering with us, you gain access to our extensive network of highly skilled candidates who possess the emerging skills and expertise needed to thrive in today's investment banking landscape. We stay abreast of the latest compensation trends and industry developments, ensuring that we provide you with tailored solutions that align with your organization's goals and objectives.Our commitment to diversity and inclusion means we can help you build a team that brings a variety of perspectives, fostering innovation and driving superior results. Don't miss out on the opportunity to leverage our expertise and industry knowledge to attract and retain top talent. Request a call back from our experienced consultants today and let us help you remain competitive in the investment banking market. Together, we can create a winning team that propels your organization to new heights of success.

corporate-and-investment-banking

Investment banking briefing: economic outlook & talent market in focus

Looking into the future of investment banking, what are the talent trends shaping the global financial arena?Despite a backdrop of post-pandemic volatility and economic uncertainty in 2021, the global investment banking sector is poised on a slow but steady growth trajectory, forecasted to slowdown to 3.8% by 2023. While many uncertainties remain, the overall economic outlook points to a consistent trend, albeit regionally uneven. According to the IMF October 2021 fiscal monitor report, the USA witnessed a short-lived hit to its economy, with output already reaching pre-pandemic levels in Q1 of 2021. A closer look at Europe, in particular Germany, indicates a renewed fall in the fourth quarter of last year, but in China, the region went into sharp decline and came out earlier.Even after accounting for regional differences, the picture ahead for the global economy suggests strong recovery. In Deloitte’s recent survey of 400 banking and capital market professionals, 88% of respondents anticipate banks’ top-line revenue to advance this year. But, to continue this path to economic prosperity and be well-positioned to overcome the global challenges ahead, the sector requires a strong pipeline of industry-leading talent. Therefore, having unique access to the trends in the workforce might be the best strategic advantage for firms.Also explore the compensation trends in the investment banking industry.Read on to discover some of the key talent factors and current trends in investment banking.Investment banking talent movement & managementAcross the board, many investment banks have been recruiting in earnest, perhaps indicative of the need to play catch up from 2020. When analyzing the talent movements at the global investment banks, many were willing to switch up careers quicker and further leverage their position in a candidate-driven market. With fees at an all-time high and banks accelerating their hiring endeavors, the M&A space was hot at the Associate and VP level.At Selby Jennings, we have also observed a widespread growth trend within the banks to acquire smaller firms and entire teams. While this strategy is stipulated to reduce costs and strengthen cash flow, it is also a risky investment in terms of capital and talent, as cultural conflicts are likely to incur.In the USA specifically, most banks exceeded their 2020 total fee revenues by April-May 2021. During this time, several banks began to amplify base salaries by $10-$25k – causing a rippling impact across the industry with most firms promptly matching their salary scales. If this wasn’t enough, banks of every size opened up their wallets and offered one-off bonuses in April; a trend that continued into the summer.Glancing across the waters to Europe, a backlog of hiring from 2020 meant that banks made haste to fill vacancies last year. Interestingly, for Europe, it isn’t common practice to bring professionals in post-MBA like the USA, so with smaller hiring happening across teams, training the workforce and maintaining substantial growth of the talent pool was imperative. In Hong Kong and China, hiring activity from funds has resulted in banks replacing talent poached from the buy side. On the back of stringent Covid-19 restrictions, which prohibited inbound travel for expats, specialist investment bankers that remained were a hot commodity. However, with restrictions easing this year, we predict this trend to be reversed and therefore level the playing field for talent.Click here to browse current investment banking vacancies available here at Selby Jennings. Also, find out more about employee retention and how we reduce turnover in investment management.Why choose us?Selby Jennings is your trusted talent partner for expert insights and hiring solutions in the fast-paced world of investment banking. Our team of experienced consultants has a deep understanding of the global economic landscape and the talent market trends shaping the industry. With our finger on the pulse of the latest developments, we deliver informed advice and bespoke recruitment strategies tailored to your needs. Whether you're looking to hire top talent or take your career to the next level, Selby Jennings offers unparalleled support and expertise to help you achieve your goals. Simply request a call back or submit a vacancy today to get started.At Selby Jennings, we’re always on the pulse of the latest trends impacting the sector, meaning your investment banking hiring process is in safe hands. Don’t miss our newest guide, The Investment Banking Briefing, for an introspective analysis on the current industry and exclusive talent insights from our survey results.

corporate-and-investment-banking

Recruitment strategies in an ever-changing investment banking landscape

The investment banking sector has never been more competitive. From digital disruptions, new fintech incumbents, to rising inflationary pressures, these are some of the driving factors creating many challenges – as well as opportunities – for firms.However, to embrace new realities and reap the rewards, organizations will need an agile talent strategy. That’s why understanding the motivations of talent and their movements within the industry is crucial in competitive markets. In this blog, as we look to the future of investment banking and challenges the sector faces, we explore some of the major hiring trends that firms should know about.To view what type of Corporate & Investment Banking vacancies we have available, click here.New world of workingA significant factor confronting banking leaders is the challenge of strategically re-evaluating the modern workplace. Employers have had to make substantial inroads to develop a nimble and competitive operating model that delivers value-add to employees and customers alike. What’s more, with the surge in popularity of flexible working, many firms could lose out on business-critical talent if they cease to offer this structure. Although the flexible working paradigm is forecasted to negate the idea of ‘in-person collaboration’, this business model actually creates more opportunities for candidates to interview and get hired because location is no longer a limitation.Most bankers operated remotely in the first quarter of 2021. However, with the roll-out of regional vaccine campaigns, banks began to dangle the thread of a return to the office on a full-time or hybrid basis. Across the US, a bank-wide trend saw many firms open up discussions about an expectation for employees to be in the office post-July 4th. Subsequently, the end of summer marked the end of 100% working from home arrangements. At Selby Jennings, we are advising our clients to keep an open mind with flexible working, as this should certainly be considered a competitive strategy to attract and retain talent.The sustainable imperative for investment banksThe transition to a low-carbon economy is on the frontier for today’s investment banks. Efforts to combat sustainability has led to exponential growth in ESG debt, perhaps underpinned by investors propelling ESG investments into the market. The increasing focus on ESG debt allows firms to tap into new pools of capital and garner surplus returns, but more capital raising from the public and private sectors will be needed if targets are to be met.The movement towards sustainable banking and investing is important to help eliminate ‘greenwashing’, but international compliance and better reporting standards are needed. Whilst sustainability commitments are becoming more commonplace, having strong ESG credentials might be your edge to attract and retain talent. After all, when we surveyed our community of sector professionals, 48% of respondents reported that ESG is important when looking for a new role. Our findings could indicate that a major paradigm shift amongst investment banking professionals has begun – with many placing environmental policies at the crux of their career-defining next steps. We predict global ESG concerns to continue shaping the future of finance and be a compelling force for companies to drive employee and customer loyalty.Industries of focusThe investment banking landscape is heating up, but what are the key verticals that took center stage across the hiring front? Fintech’s exist on the precipice of innovation, which is possibly why they’re so successful at luring in business-critical talent. Despite valuations being a little off kilter, more fintech’s and technology-driven bankers entering this space is a certainty due to the potential for tech M&A’s and IPOs. Hiring activity across technology, media, and telecommunications (TMT) and power, utilities, and infrastructure (PUI) is also a necessity to plug the gaps.The healthcare sector is another area of increasing focus, perhaps because its largely immune to post-pandemic disruptions. With a particular emphasis on sustainability, renewables are also expected to see an acceleration in hiring across the board. In particular, ESG analysts along with sales personnel are a hot commodity in the market. For those considering talent management in these growing environments, we advise to quickly get your teams in place to be well equipped to ride out whatever challenges lie ahead.Interested in learning more about the recent developments in investment banking? Download our newest guide, The Investment Banking Briefing, for an introspective analysis on the investment banking industry trends and exclusive talent insights from our survey results.

corporate-and-investment-banking

The Investment Banking Briefing

Investment bankers are always highly sought after, and there is no doubt the investment banking jobs market is going from strength to strength.Many professionals are curious about whether their salaries and bonuses match their peers, which is why Selby Jennings has produced the Investment Banking Briefing.Download ReportDiscover our latest salary & bonus guidance in the report, which also includes exclusive survey results from investment banking professionals across the USA on the state of the industry, and how they feel about current job opportunities, as well as insights into:The global economy (with dedicated sections for the USA, Europe & APAC)Monetary and non-monetary talent retention strategiesBooming sectors to know aboutSustainable finance & ED&I initiativesThe new world of working post-pandemicWithout a strong talent pipeline, banks could be at the mercy of having to turn away work, which is why it has never been more important to have the right talent, and be able to attract the talent you need in investment banking.Whether you are trying to get the right workforce in place for the years ahead, or looking for a role yourself, the Investment Banking Briefing covers the industry in extensive detail so you know where investment banking is going in the near future, as firms grapple to stay competitive to attract and retain talent.If you're an investment banking professional, click here to explore our open investment banking roles.

corporate-and-investment-banking

Investment Banking Market Update

We are currently in a candidate driven market – bankers are in higher demand than ever before, but with intense competition and a shrinking candidate pool, banks are accelerating efforts to re-think their approach to retention and recruitment in order to attract and retain key talent. The landscape of investment banking jobs is feverish; we have witnessed a profound uptick in hiring and the war for talent has certainly begun.To find out what Corporate & Investment Banking vacancies we have available at Selby Jennings, click here.Our new Market Update will cover topics around Investment Banking recruitment trends, including:The 2021 MarketNavigating Growth in Banking: High-Demand for BankersImpact & Market ReactionCompensation trendsComplete the form below to download the full "Investment Banking Market Update".

corporate-and-investment-banking

Investment Banking Hiring Trends – This Year’s Impact on Hiring in 2021

It’s no question that the events of 2020 have significantly impacted the investment banking hiring landscape throughout the year. No one could have predicted Covid-19 and the work-from-home environment that we’ve learned to accommodate to over the past few months, and the effects are sure to leave a lasting impact within the investment banking market. We’ve been compiling notes and data related to thehiring trends that we’ve seen this year and those that we expect for 2021. To view the investment banking vacancies we have available, click here.When Covid-19 first hit the USA, M&A came to almost a complete halt due to the uncertainty surrounding the virus and how it would impact the financial market. Teams were also forced to adapt to a new work environment as the stay-at-home orders required individuals to work remotely. Even after adjusting to the new environment, M&A activity was still slow resulting in industry-wide downsizing which seemed to impact the middle-market and bulge bracket banks more significantly. For energy bankers, the Covid-19 outbreak coincided with a struggling oil & gas market which led to some banks eliminating their energy teams entirely if not able to pivot into new products like restructuring or new verticals like renewables. Luckily, the banking industry overall is making a comeback and M&A activity is starting to pick back up. Hiring was done on mostly an as-needed basis apart from senior hires where we saw more growth. The Selby Jennings team saw many banks looking to add revenue generators in preparation for the 2021 year. Still, some growth hires have happened at more junior levels as there is an influx of strong talent due to the downsizing. With the Covid-19 cases rising again in the fall and the USA election occurring, hiring stayed steady rather than peaking in Q4 like some expected it would. One trend that we’ve noticed as a result of Covid-19, is the spreading out of bankers into second-tier cities that were not previously hotspots for investment banking offices.Individuals are relocating and banks are looking to establish offices in smaller citiesincluding Detroit, Nashville, Denver, and Phoenix, just to name a few. We’ve also noted more flexibility when it comes to remote work, especially for senior-level positions, as teams have proven to be just as successful in this remote environment. As we look forward to 2021, we anticipate an active Q1 in terms of hiring as firms will be looking to lock in their teams as soon as possible to tackle the busy year ahead. With an optimistic outlook for M&A activity over the next year, now is a great time to reassess your teams and determine where you want to be and who you’ll need on your team in order to get you there. If you are looking to secure talent for your team in this rapidly growing market, get in touch with the Selby Jennings team today or submit your vacancy.

corporate-and-investment-banking

Trends in Investment Banking in 2019

Because of 2018’s success in the investment banking market — an overall bullish market and record-high transactions and deals — there seems to be a significant shortage for top quality talent. As the unemployment rate keeps hovering at 3.8%, 2019 is shaping up to be a time where the struggle for talent will continue to be a priority for the entire financial sector. Pursuing a More Balanced Life Trends show analysts and associates are leaving the banking industry in significant numbers, which is making it difficult to retain and laterally recruit talent. In fact, there’s been a steady rise in analysts leaving before their associate promotion and even post-MBA associates seeking exit opportunities — some as early as six months into their first year. "One main trend we have noticed toward the end of last year that’s consistent with the beginning of this year is that there is a shortage of talent in this candidate-driven market,” says Gary McCool, head of east coast Investment Banking recruitment for Selby Jennings. “Now more than in the past we’ve seen candidates from smaller boutique or middle-market platforms move up-market to larger financial institutions.” Some of the more common reasons candidates leave the industry are due to the long hours, work environment and work/life balance. Many also believe it’s better to cross over into buy side and corporate development roles. From a combination of these factors, McCool has noticed that smaller firms are attempting to promote a better work culture, including offering increased flexibility and better compensation to incentivize talent to stay put. Increased Compensation Since many investment banks are competing over the same candidates, trends show that candidates are earning higher salaries. We have noticed a larger number of counter offers last year because candidates have been leveraging their job offers from banks. It’s become extremely difficult to replace hires within a short time frame on top of hiring someone under normal circumstances. Trends from 2018 show total compensation is as high as 10%-20% more than average. In addition, at some platforms, the base pay for analysts has been raised to be as much as $115,000. Elite boutique platforms have begun to take notice of this as well. Changes in Visa Policies The last year also saw changes in visa policies. Investment banking attracts qualified candidates from diverse backgrounds and many come overseas to study in the U.S. Many investment banks hold off on hiring candidates because of the uncertainty of visa requirements. Both the firm and candidate will need to restart a new hiring process if visa application petitions do not get approved. Companies hiring this with H-1B or TN visas will find it difficult to onboard a new candidate, leading to an increased struggle to find top talent. Keep Up With Competition As the economy and the investment banking industry continues to be strong, the market will only be more competitive. Securing visas are still up in the air, although there’s hope that the current suspension will be reviewed and possibly rescinded by early 2019. Considering the strong need for talent, banks will need to offer significant compensation packages and promote flexibilit and a better work culture to attract top candidates. If you are looking for new opportunities in investment banking, or are hoping to secure top talent in this competitive landscape, get in touch with the team at Selby Jennings today. ---------------------About UsSelby Jennings is a leading specialist recruitment agency for banking and financial services. For more than 15 years, we have given clients and candidates peace of mind that the recruitment process is in expert hands. Our continual investment in best-in-class technologies and consultant training enables us to recruit with speed, precision and accuracy. Today, Selby Jennings provides contingency and retained search recruitment across 11 offices in 6 countries. Contact us to find out how Selby Jennings can help you.

corporate-and-investment-banking

The Growth of Quants in Investment Banks

Picture an investment bank drawn in a ‘Where’s Waldo?’ style. You’ve got traders, finance, the legal team and management; human resources and an IT team hammering away at their keyboards. Where would you expect to find quantitative analysts (quants)?Ten years ago, quants would have been tucked away on trading desks, inputting data into Excel spreadsheets and working through it manually to uncover patterns and statistics. Their findings would help traders to confirm the right price and most promising investment options.Skip forwards a decade and the role of the quant has changed substantially. For the most part, they are now incorporated into risk management teams, instead of being on a trading desk. There are more of them, they are a more diverse group and they use new tools to carry out different tasks. They are in considerable demand and much valued by financial organizations. What brought about this change?Why are there more quants?The last decade has seen a breath-taking speed of technological development. Analytic software combined with increased opportunities to gather data have led to Big Data: more information, collected more quickly. There are sophisticated tools to integrate, sort and process this data into state-of-the-art models.Electronic modeling now means that trading can be carried out by computers, based on an algorithm calculation of the most favorable moment to buy and sell. If algorithms are often the brawn behind hedge funds, investment banks, asset management services and private equity firms, quants are the brains: they program the algorithms that make the system work.Quants are also used more and more in the business of risk, helping to calculate probabilities and statistics using advanced modeling. This enables risk management teams to keep on the right side of an increasing volume of laws and procedures needed to manage risks appropriately.There are now many more quants employed in this reformulated role, shifting from revenue generation to risk management. Banks require quants for a range of functions including the valuation aspects of derivatives and pricing.A more diverse quant workforceAnother notable change in the last decade is the increasing diversity of the quant workforce. Although this STEM-related field used to be dominated by men from a similar background, intake is now much broader and includes many women. Female quants talent is much in demand by banks seeking to improve the diversity of their teams.As with other STEM areas, fewer women studying related subjects such as Math and Physics means this female talent is hard to find. When female quants are recruited to firms, employers have an additional incentive to keep them motivated and committed to the role, in an effort to retain this highly sought after talent.To explore woman in quants, check out our blog here.The use of models and tools: a systematic or discretionary approach?The development of algorithms, machine learning and related tools has transformed the nature of quantitative analysis. Quants need to ensure that data is interpreted and presented in the best possible way, but there is very little inputting and processing done through human labor any more.This has led to a divergence of opinion in the best way to approach investment decisions. As Leda Braga, a high-flying quant known as the ‘Queen of Quants’ has said, trading is now dominated by two approaches to decision-making: systematic and discretionary.A discretionary approach to trading is based on the trader’s own thought processes and decision-making skills. Systematic trading uses technology to indicate the best investment strategies, using algorithms to process reams of data. Quants are essential to the systematic approach, which is gaining in popularity.However, the discretionary approach is still very common, particularly because people tend to respond more vehemently to an error made by an algorithm than an error made by a human. As Braga observes: “We scrutinize the algos with a lot less tolerance than we scrutinize human action.”To also explore quantitative analytics soft skills, check out our blog here.What does it take to be a good quant?To be successful as a quant, strong analytical skills are a must. Most professionals have advanced computer programming abilities, typically using SQL for database management and perhaps an object-oriented language such as Python or R to clean, sort and process data.Quants usually have advanced degrees in a STEM subject, such as computer science, mathematics or physics. A PhD in one of these subjects is common. There is also increasing popularity of financial engineering master’s degrees such as financial engineering or quantitative/mathematical finance.Could your team benefit from having a quant on board? Email info@selbyjennings.com to learn more about what they could do for your business. To also find out how to write a quantitative job description, read our blog here.------------About UsSelby Jennings is a leading specialist recruitment agency for banking and financial services. For more than 15 years, we have given clients and candidates peace of mind that the recruitment process is in expert hands. Our continual investment in best-in-class technologies and consultant training enables us to recruit with speed, precision and accuracy. Today, Selby Jennings provides contingency and retained search recruitment across 11 offices in 6 countries. Contact us to find out how Selby Jennings can help you.

Looking for something specific?

View more blogs

Investment Banking

Selby Jennings: Specialist Talent Partner in Investment Banking Recruitment