Recruiters are trying to find career-switchers to staff up junior investment-banking roles as Wall Street''s talent pool gets stretched thin
Summary List Placement A robust market for initial public offerings and mergers and acquisitions has stretched Wall Street banks to the brink. Now, banks and industry headhunters are scouring professional networks like LinkedIn for available candidates to fill junior banker roles. But, amid a shortage of available candidates, recruiters told Insider that investment banks are increasingly getting creative about whom they''re willing to pluck from other industries, like law or professional services. Kevin Mahoney, a partner at the search firm Bay Street Advisors, told Insider that he recently helped three corporate finance attorneys transition from law firms into vice president roles at banks. Meanwhile, Kim Freehill, managing director at FSJ Partners, told Insider that she helped an equity research associate covering the biotech space land a second-year IB associate role at boutique bank Stifel Financial. Freehill described the situation as highly anomalous for a bank to hire a research analyst for an investment-banking job.
Recruiters are trying to find career-switchers to staff up junior investment-banking roles as Wall Street''s talent pool gets stretched thin
Summary List Placement A robust market for initial public offerings and mergers and acquisitions has stretched Wall Street banks to the brink. Now, banks and industry headhunters are scouring professional networks like LinkedIn for available candidates to fill junior banker roles. But, amid a shortage of available candidates, recruiters told Insider that investment banks are increasingly getting creative about whom they''re willing to pluck from other industries, like law or professional services. Kevin Mahoney, a partner at the search firm Bay Street Advisors, told Insider that he recently helped three corporate finance attorneys transition from law firms into vice president roles at banks. Meanwhile, Kim Freehill, managing director at FSJ Partners, told Insider that she helped an equity research associate covering the biotech space land a second-year IB associate role at boutique bank Stifel Financial. Freehill described the situation as highly anomalous for a bank to hire a research analyst for an investment-banking job.