Thursday, November 24, 2011

eNewsletter: 1,000 contacts just to get one job

eFC.com
Hiring and pay trends in banking, finance and securities 24 November 2011
TOP STORIES
The Runaway MBA: I calculate that I need to make 1,000 contacts just to get one good job offer, but I'm not giving up hope
A job search is simply a matter of numbers. I estimate that every 10 inquiries that I make (mostly by email) will translate into one meeting. Ten meetings will keep me busy until an interview arises, regardless of whether it is a job that I want. And 10 interviews will hopefully result in an offer that I like. So 10 x 10 x 10 = 1,000 people who I need to interact with to lead to a potential job.
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Warning: There's still time for more cuts before Christmas
With only a few weeks to year-end and some nasty redundancies already in the bag, it seems that banks are still seeking to slash more staff in November and December.
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The Intern: A truthful four-point insider's guide (free from HR rhetoric) on how to clinch an elusive investment banking internship
So you want to get that coveted front-office internship in an investment bank to add glitz to your resume, not to mention the attractive internship remuneration that will pay for your semester exchange/travel in Europe or the US. After failing in many interviews (then finally clinching an internship), here are some insider tips that will help you.
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Why it's so difficult to get a banking IT job in Singapore these days - unless you become a contractor
Finding finance tech work Singapore in the current quarter is a tricky business as the flow of new jobs slows to a trickle, but there is hope in the form of contracting and replacement roles.
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Guest Comment: If your job hunt's in a slump, take a look at yourself before you blame your recruiter
There are many things that candidates do that are not particularly professional. So I'd like to dedicate this post to how candidates can work more productively with recruitment consultants, particularly in these unstable economic times.
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