Investment Banking

Investment Banking

Selby Jennings: Corporate & Investment Banking Talent Partner

Investment banks are increasingly keen to attract a diverse workforce, with UK-based positions almost exclusively based in London. Most have internal support networks for under-represented groups and a number of banks are members of the Stonewall Diversity Champions programme.

Selby Jennings is a leading specialist talent partner for Financial Sciences & Services. Our global corporate investment banking team provides permanent, contract, and multi-hire recruitment from our offices across three continents.

For more than 20 years, clients and candidates have had peace of mind that the specialist corporate banking recruitment process is in safe hands. From streamlining processes and upskilling workforces to staying cutting edge by employing flexible work models, we advise enterprise leaders on when to strike and how. We also provide expert insight to investment banking professionals on benchmarking benefits packages and salaries and assist them through their career moves.

Whether youโ€™re interested in securing the very best corporate banking talent or youโ€™re an investment banker looking for investment banking associate jobs, corporate banking analyst jobs, or corporate banking entry-level jobs, the Selby Jennings corporate investment banking team delivers exceptional talent to industry-leading clients and candidates.

โ€‹If you're a corporate & investment banking professional, please register your resume.

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If you're looking for corporate & investment banking talent, please register your vacancy today.

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Benefits of working with Selby Jenningsโ€™ global investment banking team

We are a specialist talent partner. Among the many benefits of working with Selby Jenningsโ€™ global corporate banking team are:

Experience

We have nearly 20 years of experience as a leading talent partner in Financial Sciences & Services.

โ€‹Network

A vast, global network of the best, in-demand professionals, working with the worldโ€™s largest financial institutions to innovative fintech start-ups and beyond.โ€‹

โ€‹Knowledge

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

If you're looking for corporate & investment banking talent, please register your vacancy today.

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Corporate & Investment Banking Jobs

Investment Banking Associate - Energy, Power, and Renewables

Location: New York City Annual Salary: $175,000 About My Client: My client is a dynamic and growing investment bank specializing in middle market transactions across multiple sectors. Their team is dedicated to providing top-notch advisory services and delivering exceptional results for their clients. Position Overview: My client is seeking a highly motivated and experienced Associate to join their Energy team. This role offers a unique opportunity to work closely with senior bankers on deal origination, providing valuable experience and career growth. Key Responsibilities: Plays an integral role in supporting senior bankers in new business development, due diligence, and/or transaction execution within the energy transition and power & renewables sectors. Under limited supervision, performs tasks assigned and managed by senior staff, including: Drafting internal and external documents and marketing materials. Financial modeling. Conducting due diligence. Executing transactions. Working with clients, attorneys, investors, interested parties, and/or other senior professionals on a day-to-day basis. Play an integral role coaching and mentoring Analysts and Interns, while helping to both supervise the compilation of and review work product. Maintain up-to-date knowledge of industry trends, market conditions, and regulatory changes. Builds cross-functional relationships within Corporate & Investment Banking Requirements: 2+ years of prior Analyst experience in energy transition and/or power & renewables, or at least 1 year of relevant industry experience plus an MBA. Strong knowledge of investment banking, market, industry sector, and/or financial products. Mastery of financial and accounting concepts to facilitate the creation or review of in-depth financial models involved in transactions. Excellent analytical, communication, and presentation skills. Ability to work effectively in a fast-paced, team-oriented environment. Benefits: Competitive annual salary of $175,000. Comprehensive medical, dental, and vision insurance. Life insurance, disability, and accidental death and dismemberment coverage. Tax-preferred savings accounts. 401(k) plan with company match. My client is seeking talented and motivated investment banking professional with a passion for Energy, Power, and Renewables. If you are looking to join a dynamic work environment, where you can make an immediate impact, don't hesitate to apply.

Up to US$175000 per year
New York
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Vice President, TMT Investment Banking, Munich

Vice President, TMT Investment Banking - Munich Our client is seeking an experienced professional for the position of Vice President in TMT Investment Banking team in Munich. This pivotal role will be based out of vibrant Munich and demands proficiency in German language. As Vice President: You'll spearhead complex M&A transactions Utilize your expertise in financial modelling Craft sophisticated investment memoranda that guide critical business decisions Lead the execution of projects across equity and debt financings. M&A and advisory mandates Build and maintain industry relationships in the TMT sector Support senior leadership team with business development initiatives Key Skills Required: Financial Modelling: Bring analytical prowess with quantitative models aiding valuation analysis or projecting future performance. Mergers & Acquisitions (M&A): Lead negotiations skillfully ensuring successful mergers or acquisitions. Investment Memorandum Drafting: Synthesize information into compelling documentation driving investor engagement. 5-7 years experience in M&A or Corporate finance (can be a senior associate looking for a transition or already be a VP) Masters degree preferred but not required Strong oral and written communications skills in both English & German If this aligns with your career aspirations and experience level, we encourage you to apply today!

Negotiable
Munich
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Associate, Industrials Investment Banking (Spanish-Speaking)

Senior Analyst, Industrials Investment Banking - London ***No Visa Sponsorship Offered*** A prestigious investment banking firm is seeking a Senior Analyst to join their industrials team. This role presents an exciting opportunity to contribute your expertise in M&A transactions within one of the most dynamic segments of capital markets. Responsibilities: Crafting detailed investment memorandums that drive critical decision-making processes. Conducting sophisticated financial modelling to evaluate company performances and forecast future outcomes. Participating actively in mergers & acquisitions (M&A) from inception through completion, providing both strategic and tactical insights. Skills Required: Spanish-speaking Proficiency: Ability to communicate effectively with Spanish-speaking clients will be pivotal. Investment Memorandum Development: Experience crafting comprehensive documents outlining potential investments' risk/reward profiles is essential. Financial Modelling Expertise: Proven capability in building complex models that underpin valuations, forecasting, scenario analysis etc., using advanced Excel skills or other relevant software tools. 2+ years' experience: Demonstrable track record working on high-profile deals specifically within Merges & Acquisitions; familiarity with all stages from due diligence through deal closure highly regarded. The ideal candidate should possess at least two years' experience particularly focused on M&A activities coupled with proficiency across various facets such as transaction execution support. If this resonates strongly alongside your career aspirations-apply today!

Negotiable
London
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Corporate Strategy Analyst

Company Summary: We are currently partnered with a Fortune 500 Industrials and Manufacturing firm that is looking to add talent to their Corporate Strategy team. The firm offers competitive compensation, strong work-life balance, and has a track record of internal promotions. Candidates will have the opportunity to work closely with C-suite executives and learn from some of the most experienced professionals in the industry. Corporate Strategy Analyst will be responsible for: Conducting in-depth analysis of market trends, competitive landscape, and industry developments within the Industrials and Manufacturing Sector. Collaborating with senior leadership to provide data-driven insights and recommendations. Creating detailed financial models, forecasts, and business cases to support strategic decision-making. Preparing presentations and reports for executive management and the board of directors. Corporate Strategy Analyst should have the following qualifications: 1-3+ years of experience in corporate strategy, management consulting, investment banking, or a related field. Strong analytical skills with the ability to interpret complex data and provide actionable insights. Proficiency in financial modeling, data analysis, and visualization tools. Excellent communication and presentation skills. Experience in the Industrials space (Industrials, Manufacturing, and/or Industrial Services) is preferred. If you are interested in the Corporate Strategy Analyst role, please don't hesitate to apply.

Up to US$90000 per year
Dallas
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Investment Banking Analyst

Title: Investment Banking Associate Company Summary: We are currently partnered with a boutique/lower MM investment bank looking to add on an Associate to their growing team in Richmond. This bank is on their way to having a record year given their strong deal flow. The Investment Banking Associate will have the opportunity to travel to in-person client meetings, work directly with their senior leadership, and be a part of a growing entrepreneurial team! Investment Banking Associate will be responsible for: Assisting in executing sell-side M&A transactions Sourcing new deals Being a part of client meetings and marketing meetings Partaking in research in order to generate new business Preparing for proposals, offering memoranda, transaction related financial models, and more for client meetings Investment Banking Associate should have the following qualifications: Experience within Investment Banking, Private Equity, or related M&A Finance field Bachelor's Degree Great oral and written communication skills Experience performing financial analysis as well as valuation analyses in excel If you are interested in the Investment Banking Associate role, then please don't wait to apply.

US$120000 - US$200000 per year
Richmond
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IB Associate CLT

Job Title: Investment Banking Associate 2/3 Salary: $160,000 + 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, gaining extensive M&A experience being staffed on both sell-side and buy-side M&A. This is a growth hire for the team as they have a number of active and exciting projects and are always looking to broaden the scope of the team. This Investment Banking Associate will be responsible for: Build and maintain complex financial models to perform analyses under different operating scenarios and 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 day-to-day deal and project execution. Analyze market trends and conduct market research. This Investment Banking Associate should have the following qualification: 4 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. If you are interested in this Investment Banking Associate position, do not wait to apply!

US$160000 - US$200000 per year
Charlotte
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Investment Banking Senior Associate/VP - Energy Transition

Company Overview Leading Investment Bank: A prominent North American investment bank with significant assets and a wide range of financial products and services. IB Division: Provides integrated global markets products and services, investment banking advisory and execution, corporate banking solutions, and top-ranked research. Capital Markets Arm: Offers a wide range of investment banking, global markets, credit, and research products and services. Energy Transition Practice: Focuses on infrastructure, renewable and thermal power, utility, midstream, and upstream energy clients. Offices are located in major financial hubs. Responsibilities Financial Modeling and Analysis: Develop financial models, conduct financial analysis, and draft infrastructure and power proposals. Client Interaction: Maintain contact with clients, conduct interviews, and relay information. Transaction Support: Assist with mergers & acquisitions, divestitures, equity and debt financings, and strategic advisory projects. Training and Mentorship: Train and mentor Analysts and Associates in financial modeling and investment banking best practices. Industry Research: Conduct industry research and comparative analysis to support the group's understanding of developments in the infrastructure and power sectors. Compliance Requirements Adherence to Policies: Comply with all applicable company and business policies, standards, guidelines, and controls. Professional Standards: Maintain professional standards and offer recommendations and opinions in compliance with legislation. Qualifications Education: Relevant undergraduate degree (Business, Finance, Economics, Engineering, or related discipline) preferred. Experience: 4 years of relevant experience in banking, investment management, or equivalent institution preferred. Skills: Strong technical, computational, and quantitative skills, excellent analytical ability, understanding of financial statements, credit analysis, and accounting principles. Personal Attributes: High career aspirations, excellent interpersonal and communication skills, well-developed organizational and time management skills, attention to detail, and ability to multi-task under tight deadlines. Technical Proficiency: Superior knowledge of Microsoft Office suite and ability to learn industry software platforms quickly. Certifications: Series 7, 63, or 79 equivalent is advantageous. What the Company Offers Work Environment: Open and approachable culture, flexibility, and support. Career Development: Best-in-class onboarding, ongoing learning opportunities, individual development planning, and comprehensive product training. Benefits: Competitive salary, incentive pay, banking benefits, and health benefits program.

US$225000 - US$275000 per annum
New York
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Investment banking Senior Analyst

Title: Investment Banking Senior Analyst Location: Tampa, FL Company Summary: We are working with a leading Investment Bank in the Tampa area looking to add a Senior Analyst to their team. Specializing in sell-side M&A within the Technology, Consumer, Industrials, and Healthcare sectors, this firm offers a unique opportunity to work in a collaborative, high-performing environment with direct exposure to experienced Directors and MDs. Key Responsibilities: Assist in the execution of sell-side M&A transactions, including managing key aspects of the deal process. Prepare and deliver detailed financial analyses and presentations for clients. Coordinate internal and external resources during due diligence and transaction processes. Conduct in-depth industry, market, and company-specific research to support deal strategy. Build and maintain strong client relationships with established and prospective clients. Qualifications: 2+ years of experience in Investment Banking. Bachelor's degree in Finance, Economics, Business, or a related field. Strong experience in sell-side M&A transactions. Exceptional analytical, organizational, and communication skills. If you're ready to elevate your career and join a top-tier Investment Bank in Tampa, apply now!

US$115000 - US$120000 per year
Tampa
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Investment Banking Senior Associate - Healthcare

About My Client: My client is a dynamic and growing investment bank, where they specialize in middle market transactions across multiple sectors. Their team is dedicated to providing top-notch advisory services and delivering exceptional results for their clients. Position Overview: My client is seeking a highly motivated and experienced Senior Associate or Vice President to join their MedTech team. This role offers a unique opportunity to work closely with senior bankers on deal origination, providing valuable experience and career growth. Key Responsibilities: Lead and support the execution of M&A transactions, including due diligence, financial modeling, and valuation. Develop and maintain relationships with clients, potential buyers, and other stakeholders. Assist in the origination of new business opportunities within the healthcare sector, specifically Medtech. Provide strategic advice and insights to clients in the MedTech industry. Collaborate with team members to ensure successful deal execution and client satisfaction. Requirements: Proven experience in middle market investment banking. Strong background in healthcare investment banking. Successfully closed 5+ M&A deals. Excellent analytical, financial modeling, and valuation skills. Strong communication and interpersonal skills. Ability to work effectively in a fast-paced and dynamic environment. Why Join The Team: Gain invaluable experience in deal origination and execution, enhancing your professional expertise and positioning yourself for success in the competitive investment banking landscape. Collaborate with an experienced and committed team in the MedTech sector, boasting over 35 years of combined healthcare investment banking expertise. Competitive compensation package with a base salary of $225,000 - $250,000 plus a discretionary bonus. Opportunity for career growth and advancement within the firm. Comprehensive benefits package, including health insurance, retirement plans, and paid time off. Access to professional development programs and continuous learning opportunities. Employee wellness programs and initiatives to support work-life balance. My client is seeking talented and motivated investment banking professional with a passion for healthcare. If you are looking to join a dynamic work environment, where you can make an immediate impact, don't hesitate to apply. Please submit application that includes your most updated resume.

US$225000 - US$250000 per year + Discretionary Bonus
New York
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Investment Banking Associate - Life Sciences

Position Overview: Boutique investment bank is seeking a highly motivated and experienced Investment Banking Associate to join their dynamic and growing team in Boston. The ideal candidate will have a strong background in investment banking, consulting, or finance, with specific experience in the life sciences, healthcare, biotechnology, or biopharma sectors. This is a hybrid role, offering the flexibility to work both remotely and in their Boston office. Key Responsibilities: Conduct financial analysis, modeling, and valuation for clients in the life sciences sector. Assist in the preparation of pitch books, presentations, and other marketing materials. Support senior bankers in the execution of M&A, capital raising, and other financial transactions. Perform due diligence and industry research to support client engagements. Develop and maintain client relationships, providing strategic advice and insights. Qualifications: Bachelor's degree in Finance, Economics, Business, or a related field; MBA or advanced degree preferred. 2-4 years of experience in investment banking, consulting, or a financial role, with a focus on life sciences, healthcare, biotechnology, or biopharma. Strong analytical and quantitative skills, with proficiency in financial modeling and valuation techniques. Excellent communication and presentation skills, with the ability to articulate complex financial concepts to clients. Proven ability to work in a fast-paced, team-oriented environment. What We Offer: $150,000 to $200,000 base salary with performance-based bonuses. Comprehensive benefits package. Hybrid structure, 3 days in office, 2 days remote. Opportunities for professional growth and development. Collaborative and supportive work environment. Opportunity to grow with the firm and be on a partner track. If interested, please apply now!

Up to US$150000 per year
Boston
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Equities Quant Developer

Key Responsibilities: Develop and maintain high-performance trading systems and quantitative models using C++. Collaborate with traders and other front office teams to identify and implement innovative trading strategies. Optimize and enhance existing codebases for performance and scalability. Conduct thorough testing and validation of models to ensure accuracy and reliability. Stay up-to-date with the latest industry trends and technologies to continuously improve the bank's trading infrastructure. Qualifications: Proven experience in C++ development, with a strong understanding of object-oriented programming and design patterns. Experience with Rust or C# is a plus. Previous front office experience in a financial institution is essential. Strong analytical and problem-solving skills, with the ability to work under pressure in a fast-paced environment. Excellent communication and teamwork skills, with the ability to collaborate effectively with cross-functional teams. Benefits: Competitive salary and performance-based bonuses. Comprehensive benefits package Opportunities for professional growth and development within a leading financial institution. A collaborative and inclusive work environment that values diversity and innovation.

Negotiable
City of London
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Internal Revisor (M/W/D)

รœber uns Eine fรผhrende Bank fรผr Wertpapier- und Banking-Dienstleistungen in Europa sucht fรผr deren Standort in Mรผnchen einen Senior Internal Auditor. Mit rund 550 Mitarbeitenden vereinen sie Innovation, Sicherheit und Teamgeist. Ihre Aufgaben Planung und Durchfรผhrung von Prรผfungen (z. B. Handel, Compliance, Meldewesen) Bewertung von Kontrollsystemen, Risikomanagement und Geschรคftsprozessen Zusammenarbeit mit geprรผften Einheiten und externen Prรผfern Begleitung von Projekten und Nachverfolgung von Prรผfungsfeststellungen รœberwachung und Interpretation aufsichtsrechtlicher Anforderungen Ihr Profil Studium in Wirtschaft, Jura oder VWL oder Bankausbildung mit Zusatzqualifikation Erfahrung in der Prรผfung von Bankprozessen und internen Kontrollsystemen Kenntnisse in MaRisk, WpHG, CRR und internen Anweisungsprozessen Analytisches Denken, Durchsetzungsvermรถgen und Konfliktfรคhigkeit Sehr gute Deutsch- und Englischkenntnisse Das bieten wir Flexible Arbeitszeiten und Home-Office-Mรถglichkeiten (auch EU-weit) 30 Urlaubstage + zusรคtzliche freie Tage an Heiligabend und Silvester Attraktive Vergรผtung und Zuschรผsse zur Altersvorsorge Persรถnliche und fachliche Weiterentwicklung Gesundheitsfรถrderung, Betriebsrestaurant und Kinderbetreuung Moderne Arbeitsumgebung und regelmรครŸige Mitarbeiterevents Wenn Sie an der Stelle interessiert sind, dann senden Sie bitte Ihren aktuellen Lebenslauf im PDF-Format an Leonard Angert () oder bewerben Sie sich direkt hier. Bitte beachten Sie, dass nur Bewerber kontaktiert werden, deren Profil den Anforderungen entspricht. Ihre Bewerbung wird vertraulich behandelt. Wir freuen uns auf Ihre Bewerbung.

Negotiable
Germany
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Investment Banking News & Insights

Investment Banking Salary Guide UK Image
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Investment Banking Salary Guide UK

In the highly competitive field of Investment Banking, having up to date knowledge of base salaries and bonus packages is vital for businesses looking to attract and retain top talent. For industry professionals, having access to current salary trends allows them to benchmark their current compensation package or employment offers against their peers.This exclusive guide from Selby Jennings provides detailed salary tables compiled by our expert consultants, broken down by role across the following Investment Banking categories:Boutique Investment BanksMiddle Market Investment BanksGlobal Investment BanksElite Boutique Investment BanksBulge Bracket Investment BanksThe report also provides a breakdown of base pay by level across all banks.Donโ€™t miss these essential insights - download your copy of the Selby Jennings UK Investment Salary Guide 2023 by completing the form below:โ€‹โ€‹โ€‹

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Investment Management Salary Guide Europe

As a hiring manager, knowing the market rate for the positions you are looking to fill is critical to sourcing, retaining, and rewarding top talent. By downloading our Selby Jennings Salary Guide, you can quickly and easily access up-to-date salary and bonus information in private credit, private equity, and investor relations.Our salary and bonus guide provides detailed salary information for both public and private sectors covering the following job titles:โ€‹Private Credit AnalystsPrivate Credit AssociatesPrivate Credit PrinciplesPrivate Equity AssociatesSenior Private Equity AssociatesInvestor Relations AnalystsInvestor Relations AssociatesDownload the Selby Jennings 2023 Investment Management Salary Guide for Europe today to ensure you are offering competitive salaries.โ€‹โ€‹

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Investment Management Hiring Landscape: 2020

โ€‹2020 has been a historically volatile and uncertain year, punctuated by the global pandemic, social unrest, and an unprecedentedly disruptive US election cycle. Unsurprisingly, investors in risk assets have retreated in a meaningful way to the sidelines. Multiple alternative asset classes had a roller coaster of asset flows throughout the year. Despite this generally negative environment, many of our clients have been able to successfully raise new funds and appear to be firmly in a growth mindset across multiple strategies.Building off our earlier updates this year, hiring markets are certainly active at the moment. We are pleased to share some of our key observations across the sectors we cover and remain excited about working with our partners for all talent-related objectives. This market update provides insight on:Hedge Fund ObservationsPrivate Equity and Debt ObservationsFundraisingHiring Advice for 2021Complete the form below to download the "Investment Management Hiring Landscape 2020" update:โ€‹

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Is Your Boss Invested in Your Career Development?

โ€‹With global markets transforming and the introduction of fintech innovations changing the way we handle money, the UK banking and financial services sector is a busy and exciting place to work, with plenty of opportunities available to drive your career forward. However, even the most driven professional may face troubles in their career plans if they are working under a manager who has no interest in their career development. If you find your one-to-ones are consistently being postponed and cancelled, it may be time to approach your boss directly.This guide outlines signs that a manager is not currently invested in the development of your career, and how to engage with them in a talk about increasing your responsibilities and driving your career forward. โ€‹โ€‹

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Why Your Business Should Invest in Work Life Balance

โ€‹For many employers and HR professionals in financial services, developing work-life balance strategies that bring tangible benefits to the business and their employees can be challenging. In a candidate-led market, employees have more choice than ever, and after salary and job security they state thatย work-life balanceย is the most important factor for job satisfaction. To attract and retain fantastic employees, employers must adopt strategies that appeal to a workforce that demands greater work-life balance.What is work-life balance and how do we measure it?While the term 'work-life balance' has yet to lose its buzz in recent years, an agreed upon definition remains elusive. The general consensus, as the name suggests, is that work-life balance is the division of a person's time betweenย work, and family or leisure activities. As researchers atGriffith Universityacknowledge, the 'carry over' from an individual's multiple life roles is bidirectional; the demands from family or other personal matters can negatively influence performance at work and vice versa. The โ€˜rightโ€™ balance of the two is subjective, but recent studies suggest that employees feel work has aย disproportionate share; affecting their personal commitments and causing severe stress. For most people, a healthy balance between the two can be incredibly hard to achieve.ย It's no secret that the work hours in financial services are incredibly demanding.1 in 3 financial analystsregularly spend between 50 and 70 hours a week at work; while those in corporate finance exceed 90 hours. Long hours in a high pressure environment can have a dramatic physiological effect. In 2013, Moritz Erhadt, an intern at Bank of America's London officedied after working three straight days.ย The failure to find a healthy work-life balance as a finance professional means that the industry has a divorce rate of 33.9% according to aggregated data from theUS Census Bureau's 5-Year American Community Survey.Technological advances have enabled new career opportunities. In a survey of 18,000 professionals across 89 international companies, IWG found that70% of people now workremotelyat least once a week, though BNY Mellon recently scrapped the practice for their UK 3,000 employees to enable"better collaboration and quicker decision making". While such technologies have allowed greater freedom ofwhereto work, they've also removed any obstacle forย whento work. Work can filter into every moment of our personal lives. Employees are increasingly struggling to switch off from thinking about work when they continue to receive push notifications once they've left the office. Globalisation anddigitalisationย have contributed to a 24 hour work culture, where working from your phone is the norm and every moment in whatever space holds business potential.ย An increasingly integrated 'work-life' suggests that a dichotomy between the two is unsustainable. Is it worth the organisational effort to keep work and non-work separated, and what are the benefits of doing so?ย ย Work-life balance makes employees happier, healthier and more likely to stayA good work-life balance is imperative for a healthy working environment and happy, motivated employees. Yet according to a survey by theย Mental Health Foundation, work is overtaking life for more than 40% of employees. As a greater number of professionals continue to work longer than their contracted hours, we are witnessing a dramatic increase in associated mental health issues, including stress and depression, which are costly to employees and employers alike.ย In the financial services industry, the picture is even worse.ย A recent survey conducted byย Mental Health Englandย identified that financial services jobs are 44 percent more likely to cause a stress-related illness than the average role in the UK.ย Poor work-life balance has a profoundly negative impact on retention. For the tenth anniversary of the collapse of Lehman Brothers, we conducted aglobal surveyof financial services professionals to ask how they felt about working in the industry and how confident they were in its future.ย Only 20% said they were happy in finance and had neverย considered moving to another industry. Almost half wereย actively searching for a different role and almost half (47%) said they had lost someone in theirย team to another industry or further education in the lastย six months.ย Around the world, women are usually still the primary caregivers for their children. Poor maternity leave or childcare initiatives can make it even more difficult for women to find a healthy work-life balance. No wonder that the Mental Health Foundation has found that42% of female UK employeessaid they were unhappy at work, compared to 29% of men. Arecent study by PwCfound that financial services was falling behind in the upwards mobility of women due to poor work-life balance. Sixty percent of working mothers in financial services believe they were overlooked for advancement upon returning to work from parental leave, and more than half said that their companies' flexible work options weren't readily accessible or would negatively impact their careers.ย With this in mind, employers may look to primarily engage their female staff to collaboratively explore work-life solutions that benefit all. For employers that continue to shy away from the necessity of work-life policy, the financial ramifications could be significant.ย Poor work-life balance is not worth the costPoor work-life balance costs the global economy billions each year. Research from theย Centre for Mental Healthย revealed that absence from work for employees suffering from mental health issues is costing the UK economy ยฃ26 billion each year. Across the pond, theย Harvard Business Reviewย also found that problems associated with a poor work-life balance are costing between $125 and $190 billion in healthcare spending each year in the US.This, of course, means that forย organisationsย that operate internationally the financial penalty for not proactively managing the need for work-life balance fast becomes costly and counter-intuitive.The financial services industry must reimagine the ways in which it can deliver an effective work-life balance to its employees. Responsibility for identifying work-life initiatives that suit the industry and the professionals working within it must fall to both employer and employee.For an employee, it is important to voice suggestions and contribute to policy development. Employees should also take steps to manage their own work-life balance by setting boundaries and placing greater focus on โ€˜clocking offโ€™ when the workday ends. Management should make efforts to become more aware of the pressures experienced by their staff and aim to facilitate the transition towards greater flexibility and work-life innovation.ย Unlike theย baby boomersย before them, theย vast majority of millennials (81%)ย feel they should set their own working patterns and have the option to work from home on occasion. It may be worth taking note, that 80% of baby boomers (born between 1945 and 1960) are now, later in their careers, reporting moderate to high-stress levels.Collaboration is the key to successAny initiatives to improve work-life balance will only be sustainable if approached in a consultative manner. Employers and employers must come together to rethink how they work and how they can define new ways of working.ย A better work-life balance will inevitably lead to better retention, greater longevity within the industry and, most importantly, better well-being for everyone working within it.From speaking daily to hundreds of clients and candidates, we understand what good work-life balance looks like in different cultures. For personal advice on how to make meaningful changes to attract and retain employees,ย contact us 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.ย Contact usย to find out how Selby Jennings can help you.

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corporate-and-investment-banking

Trends in Investment Banking in 2019

โ€‹โ€‹Because of 2018โ€™s success in the investment banking market โ€” an overall bullish market and record-high transactions and deals โ€” 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 LifeTrends 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, thereโ€™s been a steady rise in analysts leaving before their associate promotion and even post-MBA associates seeking exit opportunities โ€” some as early as six months into their first year."One main trend we have noticed toward the end of last year thatโ€™s consistent with the beginning of this year is that there is a shortage of talent in this candidate-driven market,โ€ says Gary McCool, head of east coast Investment Banking recruitment for Selby Jennings. โ€œNow more than in the past weโ€™ve seen candidates from smaller boutique or middle-market platforms move up-market to larger financial institutions.โ€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 itโ€™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 CompensationSince 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. Itโ€™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 PoliciesThe 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 CompetitionAs 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 thereโ€™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. โ€‹---------------------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.ย Contact usย to find out how Selby Jennings can help you.

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