Wednesday, September 19, 2012

Newsletter: Are banks narrow-minded in their hiring?

eFC.com
Hiring and pay trends in banking, finance and securities 20 September 2012
TOP STORIES
This is what you should be doing now if you're unemployed in Asia and need a job
The latest round of redundancies in Asia began back in mid 2011 and recruitment hasn't revived in the meantime. This has created a growing group of people who have been without work for six months or more. In a financial services context, they are the long-term unemployed.
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Guest Comment: It's extremely annoying as a graduate when banks demand a mapped-out career path. What if you want to switch sectors?
An  interview question that really leaves me hesitant is when I'm asked about my long-term career plan. Sure, I can say what the recruiter wants to hear, but that wouldn't really be the truth. Look at this from the perspective of someone who has just recently graduated. How can you expect me to choose a focused career when I have limited practical knowledge?
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Six significant things you should do to secure your first role in Singapore or Hong Kong
We've already told you how to use recruiters to crack the job market in Singapore and Hong Kong. But don't stop there. If you're planning a move to one of these centres, there are many other tips to try. Here are some of them...
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Guest Comment: Don't be scared of grey hair (this and other ways to avoid a disastrous start to a financial career)
A friend of mine in Hong Kong just quit her first ever job after more than a year of hardship. A talented person, she was at a loss to understand why she could not do well at one of the world's most reputed banks. Having gone through the pain myself all those years ago, I decided to dwell on her situation. I zeroed it down to five dos and don'ts that my friend and I should have kept in mind to get the best out of our first jobs.
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Advice to bankers in Asia: If your job is under threat, try the big four
Bankers aren't getting much love from their employers these days. A number have already borne the brunt of redundancies in Asia and even more bloodshed is anticipated. Interestingly enough, there's demand for their talent in at least one non-banking sector – management consulting in the big four accounting firms.
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