Bank to Bank Headhunters

1st year analyst in capital markets at a bb. Trying to lateral. Are there headhunter firms that focus more on bank to bank hiring than others? Know that they will be all be focused on buyside recruiting, but was wondering if anyone knew of any with a greater focus on the sell-side.

Thanks for the help

 
Best Response

Yes and no. I mean, headhunters will fill any job they get paid to fill. So from that perspective, yeah they'll place a junior capital markets person in a junior captial markets role.

That being said, as a rule there's no point in paying headhunters to fill junior capital markets roles. I mean... definitely it depends on the shop and the product. For example - if you're doing structured products at Goldman, CLOs at Citi, Lev Fin or CMBS at Wells, Franchise Rights or Servicer Advances Securitizations at Barclays, RMBS at CS... yeah you have a valuable skill set that's hard to replicate and people will seek you out. If you're some shitty ECM peasant at Nomura or something, the problem isn't the lack of headhunters, it's that nobody wants to hire you because you bring nothing to the table. Nobody hires a headhunter to find them a second year ECM analyst because ECM analysts and college kids are basically the same thing but the college kid is half as expensive. You offer no value add in a vanilla product group.

If you're a college kid going into the capital markets world, PM me and I'll tell you where to go to learn and make yourself valuable. If you're a full time analyst and you're asking this question... You're not the sharpest tool in the shed. Still pm me and we can talk a bit more frankly.

 
NYCbandar:
Yes and no. I mean, headhunters will fill any job they get paid to fill. So from that perspective, yeah they'll place a junior capital markets person in a junior captial markets role.

That being said, as a rule there's no point in paying headhunters to fill junior capital markets roles. I mean... definitely it depends on the shop and the product. For example - if you're doing structured products at Goldman, CLOs at Citi, Lev Fin or CMBS at Wells, Franchise Rights or Servicer Advances Securitizations at Barclays, RMBS at CS... yeah you have a valuable skill set that's hard to replicate and people will seek you out. If you're some shitty ECM peasant at Nomura or something, the problem isn't the lack of headhunters, it's that nobody wants to hire you because you bring nothing to the table. Nobody hires a headhunter to find them a second year ECM analyst because ECM analysts and college kids are basically the same thing but the college kid is half as expensive. You offer no value add in a vanilla product group.

If you're a college kid going into the capital markets world, PM me and I'll tell you where to go to learn and make yourself valuable. If you're a full time analyst and you're asking this question... You're not the sharpest tool in the shed. Still pm me and we can talk a bit more frankly.

great insight.

 

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