Lay-offs are everywhere on Wall Street these days, but as long as there are banks, there will be bankers.
So someone has to get hired right? We wanted to know who. The first year analyst will probably still have to come from the right school, be a well-rounded individual, and have stellar excel skills.
But obviously, not everyone is looking to be a first year analyst.
So we started digging around for job openings and looking for patterns. We also talked to Brin McCagg, the co-founder of OneWire, a start-up dedicated to connecting the right banker to the right bank.
What we found was that if you want to get in on Wall Street right now, the most important thing is having a deep knowledge about today's growth industries. That means healthcare, for one.
Today's Wall Streeter could be a computer whiz.
As banks do more and more of their operations on complex computer programs, they need more and more people to make sure their technology is running smoothly. Firms have "very large tech teams building trading systems," said McCagg. "There's growth there," and all things considered this sector is "comparatively robust."
A simple search for tech jobs turned up...
- BlackRock is looking for a "Head of Technology Audit": This person will manage a team of techies that maintain BlackRock's computer systems, specifically those that monitor risk.
- JP Morgan is looking for an "AVP, Associate, Investment Banking Technology": This person will be in charge of rolling out JP Morgan tech platforms in North America. They need experience in engineering, knowledge of financial computer systems, and an understanding of complex derivatives.
It could be helpful if you know how to manage wealth
There's making money, and then there's keeping it. In today's crazy market, banks are looking for employees who know about wealth management and financial advising to keep their biggest clients happy.
See the rest of the story at Business Insider
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