The best and worst places for finance jobs after summer 2022

If you’ve returned from vacation and are determined to find yourself a new job in finance in the final months of 2022, hiring trends on eFinancialCareers over the summer suggest you’re more likely to succeed in some areas than in others.

The graph below shows the percentage change in the number of jobs posted by sector in July and August 2022 compared to the same months of 2021 and the two previous months (May and June 2022).

This suggests that some of the best places to look for a new job right now are real estate and investment banking and mergers and acquisitions. Some of the worst places are stocks and capital markets.

The data suggests that junior investment bankers who are unhappy with their bonuses (e.g. Goldman Sachs healthcare team) may have some leverage as banks continue to hire. However, it also suggests that the move into private equity may not be as easy as last year, despite reports that private equity firms are already reaching out to first-year analysts.

Compliance and risk management hiring remains relatively robust in what looks very much like a slowing market for finance hiring. Various senior recruits in the controls space landed in August, including: Dripto Sarkar, executive director of counterparty credit risk who moved from Credit Suisse to Goldman; Edward Clementi, who moved from Morgan Stanley to Citi as global head of risk and control in the Institutional Clients Group; and Christian Pichlmeier, who moved from Deutsche Bank to Citi as head of global treasury risk management.

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