Corporate & Investment Banking

Corporate & Investment Banking

Selby Jennings: Corporate & Investment Banking Talent Parner

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 15 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 you’re interested in securing the very best corporate banking talent or you’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.

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

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Benefits of working with Selby Jennings’ global investment banking team

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

Experience

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

​Network

A vast, global network of the best, in-demand professionals, working with the world’s largest financial institutions to innovative fintech start-ups and beyond.​

​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

Credit Documentation Manager

We are currently seeking a skilled and experienced Credit Documentation Manager to join a leading Asian Bank in Hong Kong. The bank's Credit Control Section is responsible for analyzing and controlling credit risk within the local corporate banking customer portfolios, ensuring compliance with regulatory requirements and facilitating seamless credit operations. Role Responsibilities of Credit Documentation Manager: Prepare and review loan, guarantee, security, and derivatives-related agreements and documents for corporate banking customers. Collaborate with the Bank's approved solicitors firm to handle non-standard, security, and complex documentation. Create covenant monitoring check sheets for eligible facilities provided to customers. Adhere to department policies and directions while supporting superiors in accomplishing overall duties and responsibilities. Provide support in various general affairs of the section. Requirements for Credit Documentation Manager: Extensive understanding of credit documentation, encompassing syndication and bilateral agreements, as well as the procedures, products, and pertinent legal obligations involved. Previous experience in syndication/loan administration within a commercial or corporate bank is strongly preferred. Remarkable aptitude for analysis, problem-solving, interpersonal communication, and negotiation. Capable of working autonomously, exhibiting a strong work ethic, and excelling under demanding circumstances. If you possess the necessary qualifications and are ready to embrace this challenging role, kindly submit your resume, and we will reach out to you shortly to discuss further.

Negotiable
Hong Kong
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Associate/VP - IBD Coverage (Real Estate)

My client is a European investment bank in Hong Kong looking to add to their business. Job description as below: Responsibilities: Assisting the senior team members in developing and maintaining client relationships Lead execution of investment banking transactions within Real Estate sector Support origination, execution, and structuring of financing and corporate finance transactions Help coach and mentor junior team members Requirements Solid experience and knowledge in investment banking transactions within the Real Estate sector Strong education background attained from relevant majors Proficiency in written and spoken Mandarin and English

Negotiable
Hong Kong
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Financial Restructuring Associate

Restructuring Associate Introduction: We are looking for a Restructuring Associate to join our client, a leading global investment bank. The successful candidate will be based in Frankfurt, Germany and will work with a team of experts in the field of financial restructuring. Responsibilities: As a Restructuring Associate, you will be responsible for providing support to the team in the execution of transactions. Your main responsibilities will include: - Conducting research and analysis of companies in distress - Developing financial models and performing valuation analysis - Preparing presentations and reports for clients - Assisting in the negotiation of debt restructuring Skills: To be successful in this role, you should have the following skills: - Strong analytical and problem-solving skills - Excellent communication and interpersonal skills - Ability to work under pressure and meet deadlines - Proficiency in Microsoft Office (Word, Excel, PowerPoint) - Native or Bilingual proficiency in German Additional Information: The successful candidate can have experience in leveraged finance and debt restructuring.

Negotiable
Frankfurt am Main
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Corporate Development Lead/Senior - ADG

Title: Corporate Development Lead Company Summary: We are currently partnered with a top tier firm in the Washington D.C area that provides financial strategy, consulting, and M&A services to mid-market private shareholders within the Aerospace, Defense, and Government Services sector. They're looking to add a member to their team sitting in Washington D.C Corporate Development Lead: Conduct financial and strategic analysis across companies, including financial modeling and valuation analysis Develop and maintain relationships with clients and other key stakeholders Work closely with senior bankers to manage transaction processes and timelines Prepare marketing materials and presentations for clients and investors Participate in due diligence and negotiation processes Manage junior team members, including analysts and interns Stay up-to-date on industry trends and developments Corporate Development Lead should have the following qualifications: 8+ years of experience in Investment Banking, Consulting/Big 4, or Corporate Development. ADG OR INDUSTRIALS EXPERIENCE REQUIRED. MBA or Bachelor's in Finance, Economics, Business or related fields. Experience with strategic planning, and business development Strong understanding of financial analytics and skills If you are interested in the Corporate Development Lead role, then please don't wait to apply.

Negotiable
Washington
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Corporate Development Associate - Consumer/Leisure

Title: Corporate Development Senior Associate Company Summary: We are currently partnered with a leading public consumer, travel and leisure company that is looking to bring on talent at the Senior Associate level to their Corporate Development team. The candidate has the opportunity to join an experienced team that is seeing incredibly success in the market and working directly with c-suite level executives on a handful of M&A mandates. Corporate Development Senior Associate will be responsible for: Assisting in the execution of M&A transactions, such as financial modeling, valuation, comparable and relative value analysis. Developing financial projections and building financial models. Reviewing and analyzing financial statements and reports. Performing industry, market research, and due diligence. Preparing client proposals, transaction marketing materials. Corporate Development Senior Associate should have the following qualifications: 2.5+ years of Big 4 Accounting or Corporate Development experience. Bachelors in Finance, Economics, Business or related fields. Ties to Miami, FL, willing to relocate to Miami, FL or based in Miami, FL. If you are interested in the Corporate Development Senior Associate role, then please don't wait to apply.

Negotiable
Miami
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VP/D - ECM Syndicate, IBD

My client is a reputable investment bank with strong presence in Asia. They're looking to add to their ECM team, a candidate with details as below: Responsibilities: Support senior team members in origination, execution, and syndication of Equity Capital Markets transaction Lead execution and syndication activities, while providing guidance for junior team members Develop and maintain new and existing relationships with clients Work closely with internal stakeholders for any matters related to ECM Requirements: Strong experience within the related verticals, experience within fund-raising or syndication are preferred Solid education background attained from related majors Strong interpersonal abilities with good track record of managing relationships Proficiency in written and spoken English and Mandarin

Negotiable
Hong Kong
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AVP, Credit Administration & Documentation

We are currently partnered with a Global Corporate Bank looking to add into their Credit team, they are seeking an experienced Credit Administration candidate who is well versed with Syndication Loans and Trade Finance products. Job Requirements: Mainly responsible for performing administrative tasks related to Syndication Loans. Monitor the verification and assessment of credit documents and registration of credit facilities. Regularly establish, review, and update internal operational procedures. Prepare and review periodic internal and management reports. Initiate and implement projects to streamline workflows, including automation. Provide training to junior team members. Participate in or lead operational excellence projects as assigned by the Team Head Work Experience, Education, and Skills: Bachelor's degree in Business Administration/Finance/Economics or a related field. Minimum of 2 years of relevant experience in the banking industry. Strong experience and knowledge in syndication agency, credit documentation, and administration. Proficient computer skills with experience in MS Office applications. Fluent in both spoken and written English and Chinese

Negotiable
Hong Kong
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ED, Corporate Banking, TMT

We are currently partnered with a global financial institution committed to delivering innovative financial solutions to it's clients. With a strong global presence, our client specialize in providing comprehensive banking services to large-cap Technology, Media, and Telecommunications (TMT) companies. As they continue to expand our Corporate Banking team, they are seeking a dynamic and experienced professional to join as a Executive Director, focusing on Large Cap TMT clients. Role Overview: As the Corporate Banking Executive Director for Large Cap TMT, you will play a pivotal role in driving strategic financial solutions and fostering strong relationships with our key clients in the Technology, Media, and Telecommunications sectors. You will be responsible for leading a high-performing team, managing complex financial transactions, and ensuring the delivery of exceptional banking services to our large-cap TMT clients. Key Responsibilities: Client Relationship Management: Build and maintain strong relationships with large-cap TMT clients, understanding their financial needs and providing tailored banking solutions. Serve as the primary point of contact for clients, ensuring excellent communication and understanding of their business objectives. Strategic Advisory: Provide strategic financial advice to large-cap TMT clients, identifying opportunities for growth and efficiency improvement. Collaborate with internal teams to develop and implement financial strategies aligned with clients' business objectives. Deal Structuring and Execution: Lead the structuring and execution of complex financial transactions, including debt financing, mergers and acquisitions, and other corporate banking activities. Ensure compliance with regulatory requirements and internal policies throughout the deal process. Risk Management: Assess and manage the risks associated with large-cap TMT clients and transactions, implementing effective risk mitigation strategies. Stay abreast of industry trends and market conditions to inform risk assessments and decision-making. Team Leadership: Lead and mentor a team of Corporate Banking professionals, fostering a collaborative and high-performance culture. Provide guidance and support for career development, ensuring the team is equipped to deliver exceptional service to clients. Qualifications: Bachelor's degree in Finance, Business, or related field; MBA or advanced degree is a plus. Extensive experience (10+ years) in Corporate Banking, with a focus on large-cap TMT clients. Proven track record of successfully structuring and executing complex financial transactions. Strong understanding of the TMT industry, market dynamics, and regulatory landscape. Exceptional leadership and team management skills. Excellent communication and interpersonal skills.

US$200000 - US$250000 per year + Bonus
San Francisco
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ED, Corporate Banking, TMT

We are currently partnered with a global financial institution committed to delivering innovative financial solutions to their clients. With a strong global presence, our client specialize in providing comprehensive banking services to large-cap Technology, Media, and Telecommunications (TMT) companies. As they continue to expand our Corporate Banking team, they are seeking a dynamic and experienced professional to join as a Executive Director, focusing on Large Cap TMT clients. Role Overview: As the Corporate Banking Executive Director for Large Cap TMT, you will play a pivotal role in driving strategic financial solutions and fostering strong relationships with our key clients in the Technology, Media, and Telecommunications sectors. You will be responsible for leading a high-performing team, managing complex financial transactions, and ensuring the delivery of exceptional banking services to our large-cap TMT clients. Key Responsibilities: Client Relationship Management: Build and maintain strong relationships with large-cap TMT clients, understanding their financial needs and providing tailored banking solutions. Serve as the primary point of contact for clients, ensuring excellent communication and understanding of their business objectives. Strategic Advisory: Provide strategic financial advice to large-cap TMT clients, identifying opportunities for growth and efficiency improvement. Collaborate with internal teams to develop and implement financial strategies aligned with clients' business objectives. Deal Structuring and Execution: Lead the structuring and execution of complex financial transactions, including debt financing, mergers and acquisitions, and other corporate banking activities. Ensure compliance with regulatory requirements and internal policies throughout the deal process. Risk Management: Assess and manage the risks associated with large-cap TMT clients and transactions, implementing effective risk mitigation strategies. Stay abreast of industry trends and market conditions to inform risk assessments and decision-making. Team Leadership: Lead and mentor a team of Corporate Banking professionals, fostering a collaborative and high-performance culture. Provide guidance and support for career development, ensuring the team is equipped to deliver exceptional service to clients. Qualifications: Bachelor's degree in Finance, Business, or related field; MBA or advanced degree is a plus. Extensive experience (10+ years) in Corporate Banking, with a focus on large-cap TMT clients. Proven track record of successfully structuring and executing complex financial transactions. Strong understanding of the TMT industry, market dynamics, and regulatory landscape. Exceptional leadership and team management skills. Excellent communication and interpersonal skills.

US$200000 - US$250000 per year + Bonus
San Francisco
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Financial Sponsors VP/ Director (Remote)

Overview:As a Financial Sponsors VP/Director at our global boutique investment bank, you will be responsible for spearheading our efforts to build and nurture relationships with key financial sponsor clients, including private equity firms, hedge funds, and other investment entities. Your role will be integral in identifying new business opportunities, providing strategic advisory services, and executing complex financial transactions. Key Responsibilities: Client Relationship Management: Develop and maintain strong relationships with financial sponsors, understanding their investment strategies, preferences, and needs to identify potential business opportunities. Deal Origination and Execution: Lead the origination and execution of transactions, including mergers and acquisitions, leveraged buyouts, and capital raising activities, in collaboration with financial sponsors. Strategic Advisory: Provide strategic advice to financial sponsors on market trends, investment opportunities, and portfolio company performance. Team Leadership and Development: Manage and mentor junior staff, ensuring high-quality work and professional development. Market Analysis: Conduct in-depth industry and market research to identify trends and opportunities relevant to financial sponsors. Networking and Business Development: Actively participate in networking events and conferences to represent the firm and develop new business leads. Internal Collaboration: Work closely with other departments within the bank to cross-sell services and collaborate on multi-disciplinary projects. Qualifications: Bachelor's degree in Finance, Economics, or related field; MBA or relevant graduate degree preferred. Minimum of 7-10 years of experience in investment banking, private equity, or a related financial field, with a proven track record in financial sponsors coverage. Strong understanding of financial modeling, valuation techniques, and transaction structuring. Excellent communication, negotiation, and presentation skills. Ability to lead complex projects and transactions independently. Strong analytical and problem-solving skills. Proven ability to build and maintain relationships with senior-level executives. What We Offer: A dynamic and collaborative work environment. Competitive compensation package, including base salary, bonuses, and benefits. Opportunities for professional growth and advancement. Access to a broad network of financial professionals and industry experts. If you are interested in learning more about this role please apply.

US$150000 - US$240000 per year
United States of America
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Quantitative Developer (m/f)

Key Responsibilities: Develop and implement complex quantitative models for the trading platform. Collaborate with the team to improve our existing models and systems. Use your skills in C++, Python, and R to solve complex problems and optimize trading strategies. Qualifications: A degree in Mathematics, Computer Science, or a related field. Proven experience as a Quantitative Developer or in a similar role. Strong programming skills in C++, Python, and R. Experience in AI or Machine Learning. Exceptional quantitative skills. Strong problem-solving abilities and attention to detail. Excellent communication skills and the ability to work well in a team. If you are passionate about quantitative development and are looking for a challenging role in a reputable company, I would love to hear from you. Apply today to become a part of an innovative team! Note: Applicants must be eligible to work in Switzerland.

Negotiable
Zurich
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Structured Rates Trader Associate

Join Our Dynamic Trading Team in London - Urgent Opening for Rates Options Trader A Bulge Bracket Investment Bank is looking for an experienced and dynamic Rates Options Trader to join our esteemed team of professionals. This is an urgent and high-priority hiring need, with a focus on finding a skilled individual. Role: Rates Options Trader Location: London, UK About the Role: We are seeking a talented individual with 3-4 years of experience in trading Rates Options. The role involves managing the Sterling Options Book and contributing to our thriving trading operations across Dollar and Sterling. While our business primarily focuses on Light/Vanilla options, experience in exotic options trading is also valuable. Key Responsibilities: Trade and manage Sterling Options, with opportunities to expand into Dollar trading. Engage in Rates Quantitative Investment Strategies (QIS) and securitization projects. Learn and contribute to capital consumption and utilization strategies. What Makes This Role Exciting: Gain mentorship and training from the head of the Dollar book, renowned for his expertise and commitment to team development. Opportunities to broaden skills in market making and financial product structuring. A unique chance to deepen understanding of capital management in a leading global financial institution. Qualifications: Proven experience in Rates Options Trading, Rates Exotics, Structured Rates, or Non-Linear Rates Trading. Familiarity with GBP/Sterling, USD/Dollar, and possibly EUR/Euro, G3/G10 markets. Proficiency in trading instruments such as Options, Swaptions, Caps & Floors. Strong IT skills, particularly in Python, are highly advantageous. What We Offer: A robust platform in one of the strongest commercial banks. A competitive salary and comprehensive benefits package. An inclusive, collaborative work environment with a focus on learning and professional development. How to Apply: If you are ready to take on this challenging and rewarding role, please send your resume and cover letter to:

Negotiable
England
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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.Don’t miss these essential insights - download your copy of the Selby Jennings UK Investment Salary Guide 2023 by completing the form below:​​​

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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:​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.​​

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Investment Management Hiring Landscape: 2020

​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:​

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Is Your Boss Invested in Your Career Development?

​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. ​​

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Why Your Business Should Invest in Work Life Balance

​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 that work-life balance 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 between 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 ‘right’ balance of the two is subjective, but recent studies suggest that employees feel work has a 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. 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. 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 for 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 anddigitalisation 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. 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?  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 the 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. In the financial services industry, the picture is even worse. A recent survey conducted by Mental Health England identified that financial services jobs are 44 percent more likely to cause a stress-related illness than the average role in the UK. 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. Only 20% said they were happy in finance and had never considered moving to another industry. Almost half were actively searching for a different role and almost half (47%) said they had lost someone in their team to another industry or further education in the last six months. 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. 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. Poor work-life balance is not worth the costPoor work-life balance costs the global economy billions each year. Research from the Centre for Mental Health revealed that absence from work for employees suffering from mental health issues is costing the UK economy £26 billion each year. Across the pond, the Harvard Business Review 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 for organisations 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 ‘clocking off’ 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. Unlike the baby boomers before them, the vast majority of millennials (81%) 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. 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, 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. Contact us to find out how Selby Jennings can help you.

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Trends in Investment Banking in 2019

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

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