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 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

Corporate Development Senior Manager

Title: Corporate Development Senior Manager Company Summary: We are currently looking for a Corporate Development Senior Manager to join a leading public company in the Education space. The successful candidate will be responsible for providing support for the origination and execution of M&A transactions, as well as working directly with the Corporate Strategy team and C-suite level executives. Corporate Development Senior Manager: 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 leaders 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 Senior Manager should have the following qualifications: 4+ years of experience in Investment Banking or Corporate Development. Healthcare or Education experience preferred. Bachelor's in Finance, Economics, Business or related fields. If you are interested in the Corporate Development Senior Manager role, then please don't wait to apply.

Negotiable
Chicago
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Corporate Development Lead Associate

Title: Corporate Development Lead Associate Company Summary: We are currently looking for a Corporate Development Lead Associate to join a top tier firm in the Aerospace, Defense, & Government Services space sitting out of the DC area. The successful candidate will be responsible for providing support for the origination and execution of M&A transactions. This opportunity will allow you to work with some of the best ADG companies in the world and work alongside a very strong, tight knit team. Corporate Development Lead Associate: 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 leaders 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 Associate should have the following qualifications: 6+ years of experience in Investment Banking, Corporate Development, Consulting. Aerospace, Defense, & Government Services experience preferred. Bachelor's in Finance, Economics, Business or related fields. If you are interested in the Corporate Development Lead Associate role, then please don't wait to apply.

Negotiable
Washington
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Investment Banking Associate - Aerospace

Description: Assume a pivotal role in driving the transaction execution process forward. Lead the development and supervision of intricate financial analyses and model preparations across diverse transaction types. Conduct thorough valuation and pricing analyses to inform strategic decision-making. Craft Confidential Information Memorandums (CIMs), management presentations, marketing pitches, and other impactful presentations. Contribute to the planning and execution of live engagements. Coordinate and conduct comprehensive business due diligence activities. Qualifications: Possess a solid background in investment banking, with a minimum of 3+ years of experience. Demonstrated experience in providing advisory services to Aerospace, Defense, or Government Services sectors is essential. Proficient in analytical techniques and financial modeling. Exhibits high energy levels with exceptional interpersonal, accounting, and finance capabilities.

Negotiable
Washington
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Financial Due Diligence Manager

Title: Financial Due Diligence Manager Company Summary: We are working with a top tier Consulting firm looking to add a Financial Due Diligence Manager to their growing Healthcare team based in Nashville, TN! This opportunity will allow to work directly with c-suite level executives, gain client facing experience as well as work with some of the best Healthcare companies in the space. Role Responsibilities: Conduct financial due diligence for buy-side and sell-side M&A transactions Create financial models to analyze future and historical data trends, quality of earnings, potential liabilities and underlying risks for target healthcare companies Effectively communicate with target companies their quality of earnings, net assets, and cash flows The Financial Due Diligence Manager should have the following qualifications: 2+ years of financial due diligence experience for M&A transactions Bachelors degree Certified Public Accountant (CPA) credential required Healthcare experience preferred If you are interested in the Financial Due Diligence Manager role, then please don't wait to apply.

Negotiable
Nashville
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Business Development Director

Title: Business Development Director Company Summary: We are currently partnered with a lower middle market M&A Advisory firm looking to add on talent at the Director level to their Business Development team. This candidate will have the opportunity to work directly with senior leadership to gain hands on learning and development on a highly acquisitive team working across several different industries. Responsibilities: Prospecting: Produce a high volume of outbound sales touches such as phone calls and email prospecting to specific Companies and/or their Private Equity owners. Research: Conduct market research to ensure the tracking and awareness of relevant industry events, market updates, and press releases Meeting Coordination: Working with the Managing Director to set quality meetings with potential SQLs Qualifications: Minimum of 5-8 years of investment banking, business development, corporate development or related financial institutions experience highly preferred professional sales and marketing experience required (professional services industry experience highly preferred). Knowledge of M&A/Private Equity, and Fund Formation is a plus. MBA or Bachelors in Finance, Economics, Business or related fields. If you are interested in this role, then please don't wait to apply.

Negotiable
Atlanta
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Relationship Manager - VP (Germany)

We have been mandated from a prominent US Investment Bank based in Frankfurt, to seek out a German-speaking Relationship Manager (VP) who possesses well-established connections with middle-market companies headquartered in Germany. The targeted market encompasses a spectrum of companies, ranging from ambitious start-ups and scale-ups to established entities generating multiple billion Euros in revenues. Mastery in communication and diplomacy is vital for steering, influencing, and convincing others, particularly colleagues across departments and occasional external clients. Requirements: Proactively engages with prospects to cultivate new client relationships and engages with existing clients to deepen connections while taking ownership of, responding to, identifying, and anticipating future needs, obstacles, risks, and expectations. Presents solutions to clients aimed at building and fortifying an effective portfolio. Collaborates with product specialists and subject matter experts to devise innovative and personalised solutions that align with clients' specific requirements. Works closely with team members to on-board and retain clients, ensuring compliance with "Know Your Client" (KYC) and other regulatory requirements. Identifies opportunities for cross-selling to enhance and expand the client's portfolio. Enhances client experience by sharing proactive market updates, trends, and intelligence. Drives innovation in client solutions and furthers business development as necessary and appropriate. Executes centrally launched strategic initiatives across all levels. Networks with clients to discover avenues for new business opportunities. Manages the credit relationship with the client, overseeing and supervising the entire process to ensure adherence to policies and institutional procedures. Ensures compliance with regulatory requirements and internal policies. Appropriately evaluates risk when making business decisions, with a particular focus on safeguarding the firm's reputation, clients, and assets by adhering to applicable laws, rules, and regulations, as well as ethical standards. Qualifications: Strong knowledge of banking and investment products and processes, with a track record of offering sound banking and financial advice and solutions to clients. Demonstrates proficiency in credit skills by structuring complex deals, including capital market transactions. Exhibits advanced Early Warning Detection skills. Displays advanced credit skills, capable of structuring various credit deals. Ability to work effectively in a team setting. Proficient in coordinating multi-functional teams to deliver an exceptional client experience. Excellent interpersonal, communication, and influencing skills, including negotiation, consultative skills, and leadership. Ability to make sound decisions under pressure. Highly focused, with the ability to identify key priorities rapidly and communicate them clearly. Takes a proactive approach to strengthening business relationships with clients and delivers a simple, secure, and seamless client experience. Passionate about creating new business opportunities with existing clients and demonstrates innovative approaches to meeting their needs. Comfortable with embracing new technology and understanding the role of digital in enhancing the client experience. Adaptable to changing priorities based on the latest data insights. Prior experience in Healthcare/Life Science/Biotech, Retail & Consumer Goods, or Business & Professional Services is advantageous. Fluency in both English and German languages is required. Education: Bachelor's/University degree; a Master's degree is preferred. If you're a Relationship Manager VP seeking to advance your professional growth within a reputable brand, apply today!

Negotiable
Frankfurt (Oder)
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M&A Consumer VP London

Our client, a leading mid market European Investment Bank, is currently seeking an M&A Consumer VP. They are seeking someone with a previous consumer background. Role Overview: As an M&A Consumer VP, you will be responsible for conducting financial analysis on companies within the consumer sector. Your primary role is to support senior bankers throughout all phases of deal execution - from initial pitch materials through closing documentation preparation. Responsibilities: Lead all aspects of the M&A process, from deal origination to execution and closure. Conduct comprehensive financial analysis, including valuation modelling and due diligence, to evaluate potential transactions. Develop and maintain relationships with clients, investors, and other stakeholders in the consumer sector. Collaborate closely with senior leadership to develop and execute strategic initiatives and business development opportunities. Provide expert guidance and mentorship to junior team members, fostering their professional growth and development. Stay abreast of industry trends, market dynamics, and regulatory developments affecting the consumer sector. Requirements: Bachelor's degree in Finance, Business Administration, or a related field; MBA or advanced degree preferred. Minimum of 6 years of experience in investment banking or corporate M&A, with a focus on the consumer sector. Proven track record of successfully executing M&A transactions from inception to completion. Strong financial modelling, valuation, and analytical skills. Exceptional communication and interpersonal abilities, with the ability to build and maintain relationships at all levels. Ability to thrive in a fast-paced, collaborative environment and manage multiple priorities effectively. How to Apply: If you are a driven and ambitious professional seeking an exciting opportunity to make an impact in the world of consumer M&A, we encourage you to apply!

Negotiable
London
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Transaction Advisory Associate (Boston)

Job Title: Transaction Advisory Associate Location: Boston, MA Company Overview: My client is one of the largest accounting and consulting firms specializing in providing comprehensive transaction advisory services to clients across various industries. With a commitment to excellence and a focus on delivering tailored solutions, they strive to empower clients to make informed decisions in complex financial transactions. My client is currently seeking a Transaction Advisory Senior to join their dynamic team in Boston, MA. Position Overview: As a Transaction Advisory Senior, you will play a pivotal role in assisting clients through the entire transaction lifecycle, from due diligence to post-merger integration. This position offers an exciting opportunity for individuals with ~3 years of experience in transaction advisory or audit to leverage their skills and expertise in a collaborative and challenging environment. Key Responsibilities: Conduct financial due diligence for mergers, acquisitions, and other transactions, identifying potential risks and opportunities. Analyze financial statements, historical performance, and industry trends to assess the target company's financial health and performance. Prepare detailed reports and presentations summarizing findings and recommendations for clients and internal stakeholders. Assist in the development of financial models and valuation analyses to support transaction decisions. Collaborate with cross-functional teams, including legal, tax, and operational professionals, to provide comprehensive advisory services. Support senior leadership in business development initiatives, including client meetings, proposal preparation, and networking activities. Qualifications: Bachelor's degree in Accounting, Finance, or related field; CPA or CFA designation preferred. 2-4 years of experience in transaction advisory, financial due diligence, or audit within a public accounting firm or corporate finance environment. Strong understanding of financial statements, accounting principles, and valuation methodologies. Excellent analytical and problem-solving skills, with the ability to interpret complex financial data and communicate findings effectively. Proficiency in financial modeling and Microsoft Excel; experience with data analysis tools such as Tableau or Power BI is a plus. Demonstrated ability to work independently and collaboratively in a fast-paced, deadline-driven environment. Exceptional interpersonal skills with a client-focused mindset and the ability to build relationships with internal and external stakeholders. Flexibility to travel as needed to client sites and other firm locations. Why Join: Opportunity to work with a diverse client base and gain exposure to a wide range of industries and transaction types. Collaborative and supportive team environment that values innovation, professional development, and work-life balance. Competitive compensation package with comprehensive benefits, including medical, dental, vision, and retirement plans. Ongoing training and career advancement opportunities to further develop your skills and expertise in transaction advisory.

US$100000 - US$120000 per year
New York
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Associate - M&A Advisory

We're currently representing an elite boutique investment bank in Hong Kong looking to add an Associate to their team. Job description as below: Key Responsibilities: Lead a high-performing team to execute buy-side and sell-side M&A advisory transactions across various sectors in APAC. Conduct comprehensive financial analysis, due diligence, and valuation assessments to identify potential investment opportunities. Develop detailed financial models and presentations for clients and internal stakeholders. Take charge in deal structuring, negotiation, and documentation to ensure successful transaction closures. Qualifications: Strong live deal experience within both buy-side and sell-side M&A transactions across Greater China or Asia Pacific Solid education background attained from reputable institutions Proficiency in both written and spoken English and Mandarin

Negotiable
Hong Kong
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Corporate Development Lead Associate

Corporate Development Lead will be responsible for: Managing and creating excel-based aircraft forecast market models. Perform multiple kinds of research using different inputs such as the news and industry specific databases. Help in the distillation of data into discrete analyses. Be creative in the support of senior leadership with innovative ideas and visual analyses Corporate Development Lead should have the following qualifications: 5+ years of Investment Banking experience within the Aerospace Sector. MBA or Bachelors in Engineering, Business related fields, or Economics. Ability to perform data analysis as well as visualization methods. If you are interested in the Corporate Development Lead role, please don't hesitate to reach out!

Negotiable
United States of America
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Corporate Development Senior Lead

Title: Corporate Development Senior Lead Company Summary: We are currently partnered with a top-tier, high end, boutique consulting firm looking to add a Corporate Development Lead to their growing team in Washington D.C.. The firm is constantly growing and providing great stability for their work environment. The Corporate Strategy Analyst will have the opportunity to join a team that is on track to have another great year gaining experience working with top executives in the industry. Corporate Development Senior Lead will be responsible for: Manage and create excel-based aircraft forecast market models Perform multiple kinds of research using different inputs such as the news, industry-specific databases Help in the distillation of data into discrete analyses Be creative in the support of senior leadership with innovative ideas and visual analyses Corporate Development Senior Lead should have the following qualifications: 9+ years of Investment Banking experience within the Aerospace Sector. MBA or Bachelors in Engineering, Business related fields, or Economics Ability to perform data analysis as well as visualization methods. If you are interested in the Corporate Development Senior Lead role, then please don't wait to apply.

Negotiable
Washington
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Investment Banking Managing Director

Title: Investment Banking Managing Director Company Summary: We are currently partnered with a Middle Market Investment Bank looking to add an Investment Banking Managing Director to their Digital Media Team. This MD can sit remote, with offices located in Charlotte, Chicago, NYC and Los Angeles. This MD will be able to execute on transactions as well as bring over a book of business within Digital Media. The firm has an extensive balance sheet MD's can leverage with existing and future clients. Investment Banking Managing Director will be responsible for: Building relationships with deal referral sources and business owners Identifying, qualifying, and generating new prospect leads Managing the client relationship and overseeing all client and counter-party communication Leading a specific practice or product area, as applicable, and developing thought leadership in target sectors Overseeing due diligence processes and materials Managing the creation of comprehensive pitchbooks, information memoranda, management presentations and marketing materials Investment Banking Managing Director should have the following qualifications: 10+ years of Investment Banking experience. DIGITAL MEDIA EXPERIENCE NEEDED. Need to bring a book of business within Digital Media MBA or Bachelors in Finance, Economics, Business or related fields.

Negotiable
United States of America
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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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