Health bankers, credit, volatility traders

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  • Recruiters have been busy hiring in hot fields like healthcare-focused investment banking.
  • Traders have also been on the move after a massive year of revenue.
  • From trading to investment banking, these are the biggest hiring trends on Wall Street.
  • See more stories on the Insider business page.

Insider has been following Wall Street’s hiring and chatting with recruiters and insiders about the biggest trends.

Top healthcare bankers are in high demand, with one recruiter describing client search requests as “extremely, extremely active.” Banks are rushing to hire side analysts. And credit traders lock in a guaranteed salary at new gigs after a big year.

From junior talent in investment banking to senior traders and traders, here are the spaces to watch – and one that has moved recently.


Wall Street banks don’t have enough junior talent

headhunters and recruiters are looking for talent for wall street 2x1

Banks are rushing to find junior workers for staff contracts.

Samantha Lee / Insider


Investment banks are grappling with massive workloads and a shortage of junior bankers. Today, banks are fighting for side hires and senior bankers must step in to do the job normally done by less experienced bankers.

Kim Freehill, a senior partner at New York-based recruiting firm FSJ Partners, which works for midsize investment banks, told Insider she has never been so overwhelmed by client inquiries. .

Banks are desperate to tag more analysts and associates to help them out in mountains of transaction work.

“My workload is huge right now,” Freehill said, adding that she prepared candidates over the phone 12 hours a day.

“I don’t know who left,” she said. “Three out of five calls I make, they’ve already been contacted.”

Read the full story here:


Hiring a credit merchant is hot

hedge fund trader

Stellar 2020 performance and pent-up hiring demand due to pandemic is boosting credit hiring activity.

Shutterstock



Credit was one of the top performers among trading desks last year, with the intervention of the

Federal Reserve
, large movements in spreads and a wave of debt issuance boosted client activity.

Traders now have a lot of motivation to receive offers. Even though they received excellent compensation this year, performance will almost certainly drop compared to a frothy 2020. So rather than wait for a smaller bonus, some see the logic of locking in a juicy collateral when demand is hot, according to senior headhunters.

“They had ridiculously high incomes last year, and it’s not going to match this year,” said a senior fixed-income recruiter. “They capitalize on the big numbers in the lineup.”

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Healthcare bankers are in high demand

Health care costs

Healthcare bankers are in high demand on Wall Street.

Krisanapong detraphiphat / Getty Images


Charles Anderson, who heads the investment and investment banking recruiting activities of Heidrick & Struggles, in May described client demand for health research as “extremely, extremely active”.

Much of the momentum has been driven by demand for specialists who can help businesses at the intersection of healthcare and other tech sectors, such as payments technology.

Read the full story here:


Credit Suisse merchants and bankers get off the ship – here’s where they go

Swiss credit blunders 2x1

Credit Suisse has lost several major clients.

Arnd Wiegmann / Reuters; Skye Gould / Insider


Nearly 50 senior employees have parted ways with Credit Suisse in recent months, according to hiring announcements from other banks, a review of reported exits and people familiar with the moves.

Read the full story here:


And browse our recruiter databases for the best headhunters in fintech, banking, commerce, private equity, and more:


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