Finance

JPMorgan Chase to Hire 1,200 in 23 States

By John Hazard ⋅ November 11, 2009 ⋅ Post a comment

MarketWatch: JPMorgan & Chase announced plans Tuesday to hire 1,200 mortgage loan officers as the bank moves to expand its home loan business.
New loan officers will be hired in 23 states, including finance jobs in Chicago, New York, California, Florida and Texas, according to CNNMoney.
Chase weathered the downturn in the housing market better than rival [...]

New UBS Chief Robert McCann Champions Stingy-Salary Hiring

By John Hazard ⋅ October 27, 2009 ⋅ Post a comment

Robert McCann, UBS AG’s new head of wealth management in the Americas, wants to debunk the notion that the highest salary draws the most talented employee.
UBS was previously perceived as offering the highest salaries to attract the best financial advisers, but McCann told Bloomberg Television he intends to end the practice if it ever really [...]

Follow Federal Stimulus Money to Construction and Engineering Jobs

By John Hazard ⋅ October 23, 2009 ⋅ One comment

Two-hundred fifty million dollars to Northgate Constructors, in Irving, Texas; $189 million to Kiewet Pacific Co., in Santa Fe Springs, Calif; $80 million to Richard E. Pierson Construction, in Camden, N.J.
That’s just some of the money going to local contractors under the federal highway stimulus program, and those are just some of the companies that [...]

Recruiters Struggle to Find Accounting, Health Care and Software Sales Pros

By Donald Sears ⋅ October 6, 2009 ⋅ Post a comment

Amid record unemployment and negative job growth, a few well-paying fields are struggling to find enough experienced candidates to fill open positions, recruiters told the Associate Press.
They’ve turned to less-experience candidates who can train on the job and earn certifications after they’re hired to fill open positions in accounting, actuarial roles, data analysis, health care [...]

Wall Street Jobs Won’t Come Back

By John Hazard ⋅ September 18, 2009 ⋅ Post a comment

New York state’s labor commissioner, M. Patricia Smith, has a message for laid-off finance workers in New York: Look elsewhere. Go find work in another industry, because the jobs on Wall Street will never return to their former levels.
“Our economists don’t see the financial-services sector ever coming back as strong as it was,” Smith told [...]

New Credit Rules Good for Your Job Search

By John Hazard ⋅ May 19, 2009 ⋅ Post a comment

The U.S. Senate today approved a bill to put limits on the ability of credit-card companies to make sudden changes to your account.
The bill would make it harder for credit-card providers to raise interest rates on existing balances and require notice before any changes to the terms, Reuters reported.
Other elements of interest to job seekers, [...]

Compliance isn’t Recession-Proof, it’s Recession-Busting

By John Hazard ⋅ May 18, 2009 ⋅ Post a comment

Whether you’re going into business or going out of business or it’s just business as usual, you need an accountant. The profession is proving extremely recession proof, according to the Bureau of Labor Statistics and a report Friday on Forbes.com.
The Bureau of Labor Statistics projects that the number of jobs for accountants and auditors will [...]

Citigroup is Reinventing the Wall Street/Finance Salary Model

By John Hazard ⋅ May 5, 2009 ⋅ 2 comments

Citigroup, the nation’s third-largest bank, is exploring new compensation models to try the impossible: retain staff, stay profitable and reward good behavior, sources told Thompson-Reuters.
Citigroup may pay employees on a commission basis, increasing base salaries to limit the exposure to year-end bonuses, stock-based bonuses or some combination of all three, Reuters reported today. “A number [...]

A Resume Trim After for a Long Career

By John Hazard ⋅ March 12, 2009 ⋅ Post a comment

“Leslie,” a vice president at one of Wall Streets biggest names, didn’t want to share her name or the companies she worked for in her 30-year career. But she gave us an enlightening story on the changes she needed to make to her resume in order to get a job.
Leslie had plenty of experience. She [...]

Top 35 Finance Job Skills

By John Hazard ⋅ March 6, 2009 ⋅ Post a comment

Finance jobs still rely on the basics – GAAP, general ledger, spreadsheets, accounts receivable and tax reporting – according to research we released earlier this week to support a story Tracking Finance Jobs in a Bear Market.
But the hottest finance skills in this bear of all bear markets? Business valuations, value added analysis, fixed asset [...]

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