Wall Street Hiring Jumps as Guaranteed Bonuses Return

[sabra]

Source: Bloomberg

June 28 (Bloomberg) -- Leverage is back on Wall Street -- and this time it’s the bankers who have it.

Firms are adding jobs for the first time in two years, rebuilding businesses cut during the financial crisis and offering guaranteed payouts to lure top bankers. In New York, 6,800 financial-industry positions were added from the end of February through May, the largest three-month increase since 2008, according to the New York State Department of Labor.

Morgan Stanley and Citigroup Inc. are among banks that are hiring to replenish their ranks, while Nomura Holdings Inc. and Jefferies Group Inc. have been recruiting talent from larger firms in a bid to increase their standing on Wall Street.

“Candidates are now getting multiple offers, and companies risk losing their desired candidates if they don’t act quickly enough -- and that’s a real change,” said Constance Melrose, managing director of eFinancialCareers North America, which has seen a 75 percent rise in investment banking jobs posted on its website from a year earlier.

Read more: http://www.businessweek.com/news/2010-06-28/wall-street-hiring-jumps-as-guaranteed-bonuses-return.html

[Newsjock]

1. 100% tax on banker bonuses

Parasites of society.

[Demeter]

2. Second that motion

[avaistheone1]

3. There we go again rewarding the biggest predators in our country.

No doubt things will take an more serious turn for the worse in the US thanks to these a***oles.

Is there anyone in charge anymore?

[OhioChick]

4. "Is there anyone in charge anymore?"

Nope.

[w4rma]

5. Yup. Those people are in charge and they want more of our stuff. (nt)