hiring trends in capital markets - cfa institute page - capital... · candidate movement trends...
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Worldwide leaders in specialist recruitment
5500 specialist consultants across 164 offices in 34 Countries
Michael Page InternationalMichael Page InternationalMichael Page InternationalMichael Page International
A Leading Global specialist recruitment firm
Listed on London Stock Exchange with a revenue > 1 Billion GBP
INDIAINDIAINDIAINDIA 75 consultants across 3 offices in Mumbai & Delhi NCR
Worldwide leaders in specialist recruitment
Banking and Financial ServicesBanking and Financial ServicesBanking and Financial ServicesBanking and Financial Services
Dubai, Hong Kong, London, New York, Mumbai, Paris, Shanghai, Singapore,
Tokyo, Zurich
• A Global Banking and Financial Service network focused on maximizing potential for our clients and candidates.
• 258 specialist consultants across the world dedicated to Banking & Financial Services withstrong presence in major financial centers like,
Worldwide leaders in specialist recruitment
Areas of specialisationAreas of specialisationAreas of specialisationAreas of specialisation
Banking & Financial ServicesBanking & Financial ServicesBanking & Financial ServicesBanking & Financial Services
Product Control/Middle Office
Financial Planning
Regulatory Accounting
Fund Accounting Fund Accounting Administration
Internal Audit
Compliance and RegulatoryRisk Management
Technology
Human Resources
Project Management
Tax
Legal
Equity and Debt Capital Markets
M&A
Structured Finance
Credit Research and Analysis
Sales and TradingPrivate Banking
Venture Capital
Private Equity
Asset Management
Leveraged Finance
Worldwide leaders in specialist recruitment
CapitalCapitalCapitalCapital Markets Team
The Capital Markets team partners with Investment Banks, Hedge Funds, Life
Insurance and Asset Management platforms to recruit top performing experienced and
junior candidates. We have successfully placed Portfolio Managers, Managing
Director/Principals to Associate/Analysts. Michael Page’s global reach and depth of
contacts in the industry allows the firm to provide clients with an exceptional level of
service and in an efficient manner.
Areas of Expertise:Areas of Expertise:Areas of Expertise:Areas of Expertise:
• Fund Management
• Equities & Quantitative Research
• Equity derivatives structuring
• FICC structuring
• Commodities trading
• Institutional Sales & Trading
• Equities & Derivatives trading
Worldwide leaders in specialist recruitment
Skills/Hiring trendsSkills/Hiring trendsSkills/Hiring trendsSkills/Hiring trends
Hard to find/Low supplyHard to find/Low supplyHard to find/Low supplyHard to find/Low supply
Quant/HFT Traders
Derivatives structuring/structured products
In DemandIn DemandIn DemandIn Demand
Mid-level quant traders
Equity sales for foreign geographies
Available in bulkAvailable in bulkAvailable in bulkAvailable in bulk
Equity Research
Sales Traders
Proactive initiativesProactive initiativesProactive initiativesProactive initiatives
Returning Indians
Diversity at the workplace
Worldwide leaders in specialist recruitment
What are candidates looking for?
� Strong employer brandStrong employer brandStrong employer brandStrong employer brand
� Job scope & responsibilityJob scope & responsibilityJob scope & responsibilityJob scope & responsibility
� A key consideration for candidates moving roles is reporting lines both up & downward.
� P&L responsibility
� Global committees & interfacing with stakeholders/clients
� Role evolutionRole evolutionRole evolutionRole evolution
� Typical “wants” include more complex functions and moving up the value chain
� Salary increasesSalary increasesSalary increasesSalary increases
Worldwide leaders in specialist recruitment
Capital MarketsCapital MarketsCapital MarketsCapital Markets
How does H2 2012 look for How does H2 2012 look for How does H2 2012 look for How does H2 2012 look for
hiring?hiring?hiring?hiring?
� Institutional Equities desks of MNC and
domestic brokerages will look to add Equity
sales talent
Q1 & Q2 Revenue concernsQ1 & Q2 Revenue concernsQ1 & Q2 Revenue concernsQ1 & Q2 Revenue concerns
�Shrinking cash and derivatives trading volume
�Decreasing brokerage fee due to introduction
of DMA
�Brokerage Fee cap introduced for Mutual
Funds
Candidate movement trendsCandidate movement trendsCandidate movement trendsCandidate movement trends
� Quality candidates choosing to stay put at
their current organization due to the uncertainty
in the stock markets
� Buy-side talent keen to move to sell-side
roles
Hiring TrendsHiring TrendsHiring TrendsHiring Trends
�Brokerages (Institutional Sales)
�Asset Management/Insurance/Hedge Funds
�Considerable mid-level Quantitative talent
hiring
Worldwide leaders in specialist recruitment
EMPLOYMENT OPTIONSEMPLOYMENT OPTIONSEMPLOYMENT OPTIONSEMPLOYMENT OPTIONS
• Candidates wary of Broking/Securities firms due to the volatility of the stock
markets and prefer a stable Wealth Management outfit
• In-house Industry Research teams
• Industry Corporate strategy teams
Worldwide leaders in specialist recruitment
Market OverviewMarket OverviewMarket OverviewMarket Overview
Impact of Global Economic slowdownImpact of Global Economic slowdownImpact of Global Economic slowdownImpact of Global Economic slowdown
� Cost advantage driving more migrations across the landscape. Functions otherwise considered to complex now actively being migrated
� More controls put into hiring process from pre approvals, offer approvals and number of interviews per role. Segmentation into critical vs non critical.
� Increased uncertainty leading to candidates being more reluctant to change jobs
� While the general pulse has moved from an aggressive growth outlook to cautiously optimistic, most hiring managers continue to have a positive outlook on the 3rd party/captive/KPO industry sector for 2012.
� Stronger importance of working with the right recruitment partners to act as ambassadors for the organization