Contributed by Gary M. Stern
If you listen to news reports about the subprime mortgage mess, you’d think the job market in finance is all gloom and doom. While opportunities in mortgages will be limited for some time, leading executive recruiters and career experts say that jobs are still out there for women in finance who possess the right skills and background. Here’s what financial insiders advise on where the job growth will be in 2008.
Opportunities in money and wealth management
Asked where the major opportunities are in 2008, Kim Bishop, a New York-based senior client partner at Korn/Ferry International, a global executive search firm, said that she’s seeing steady growth in wealth and money management firms. Firms are hiring in finance “across the board and that includes business development, client service, financial planners and advisors,” she said.
But a leading female executive recruiter of a boutique firm in New York who requested anonymity said, “The subprime crisis is affecting other areas. If financial buyers can’t finance acquisitions, the market will be slower.” She sees opportunities cropping up in the next six months but envisions a tight, challenging marketplace.
Dealmakers: please apply
Venture capital (VC) and private equity (PE) firms continue to offer opportunity, Bishop suggested. VC and PE firms seek women who have experience in “deal-making including initiating and executing deals” are in demand. Though several articles noted that private equity firms operate like men’s’ clubs, Bishop emphasized that these firms “are looking for the best talent in the world and will select whoever is best qualified,” gender not a factor.
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Women in the City: A Careers Conversation with JPMorgan
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2008 Professional Development Workshop Series – Maximizing Mentoring Relationships: Enhancing Your Practice and Professional Reputation
NewsIn addition to the widely shared challenges of finding and keeping mentors, the program also will address mentoring issues unique to women and lawyers of color. Going beyond the basics of self-marketing, this program will illustrate appropriate methods for gaining positive recognition from senior associates, partners, and clients.
Sapphire Partners & London Business School Focus on Flexible Working
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How to Divorce your Man but Keep your Assets
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Although this advice may come a little late for those of you reading this with a wedding band on your hand, the best place to start the preservation of your assets is with a prenuptial agreement.
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Be the Strategic Networker
NewsWomenintechnology is excited to offer you this full-day workshop that provides the tools to help you create visibility for yourself.
Book Reviews: The Glass Hammer’s Top Business Books
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“One Person/ Multiple Careers: How The ‘Slash Effect’ Can Work For You” by Marci Alboher
“Fire Your Boss” by Stephen Pollan and Mark Levine
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Spring Networking and Shopping Spree at the Worth Collection
NewsThe Worth Collection invites FWA members to an evening of shopping and networking.
Saving Second Base: Fashion and Finance Party
NewsSaving Second Base, an organization of young professionals committed to raising money for Susan G. Komen for the Cure affiliated organizations, will be holding a Fashion and Finance Party on Thursday, February 7 at Tailor (525 Broome Street) beginning at 7:00 p.m. The event, which will celebrate Fashion Week and bring together those from the communities of fashion and finance, is hosted by Gossip Girl Abigail Lorick, Urbanista.com, and eFinancialCareers the online marketplace for financial jobs.
Unraveling of the SocGen Fraud
NewsThe news about a massive securities fraud by a rogue trader at France’s second largest bank, Société Générale, just keeps getting worse. The Financial Times reported on Tuesday that the bank didn’t lose the $4.9 billion euros that it first reported, but will actually report losses of over $6 billion euros after unwinding the unhedged bets by the rogue trader, Jérôme Kerviel. In what may be one of the great understatements of the year, CEO Daniel Bouton stated that the internal audit system of the bank’s risk management is insufficient to prevent this type of fraud.
President Sarkozy of France, who has been in the papers more than Britney Spears lately on affairs both private and public, has made it clear that he wants heads to roll. But who should ultimately be accountable for the biggest scandal to hit the financial markets since the downfall of Barings bank in 1995? There seems to be three upfront players in this blame game and all three seem to have played a little fast and loose with the numbers.
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Where the Jobs Are For Women in Finance in 2008
Next LevelContributed by Gary M. Stern
Opportunities in money and wealth management
Asked where the major opportunities are in 2008, Kim Bishop, a New York-based senior client partner at Korn/Ferry International, a global executive search firm, said that she’s seeing steady growth in wealth and money management firms. Firms are hiring in finance “across the board and that includes business development, client service, financial planners and advisors,” she said.
But a leading female executive recruiter of a boutique firm in New York who requested anonymity said, “The subprime crisis is affecting other areas. If financial buyers can’t finance acquisitions, the market will be slower.” She sees opportunities cropping up in the next six months but envisions a tight, challenging marketplace.
Dealmakers: please apply
Venture capital (VC) and private equity (PE) firms continue to offer opportunity, Bishop suggested. VC and PE firms seek women who have experience in “deal-making including initiating and executing deals” are in demand. Though several articles noted that private equity firms operate like men’s’ clubs, Bishop emphasized that these firms “are looking for the best talent in the world and will select whoever is best qualified,” gender not a factor.
Read more