The bankruptcy of Bear Stearns, Lehman Brothers and the sale of Merrill Lynch & Company has flooded the market with displaced financial professionals, many of whom have already launched job searches. With the glut of talent on the street, recruitment experts are suggesting that candidates include smaller banks, boutiques and mid-market firms in their search. These smaller firms view the recent turmoil as a chance to snap up highly qualified bankers and other specialists.
There are investment banking jobs out there, according to website, BankersBall. Boutique banks such as Evercore Partners, Hawkpoint and Gleacher Shacklock are hiring. Los Angeles-based boutique Moelis is said to opening a London office. We’ve already talked about how hedge funds and private equity firms, such as Chicago-based Citadel, view the current surplus as an opportunity to add key personnel.
Even a few big banks such as Credit Suisse and Goldman are hiring – if you are willing relocate to fast-growing regions such as India, Asia, Africa and the Middle-East. If you are intent on staying within North America, you may want to look at European or foreign firms who are trying to expand in the U.S.