It’s hard to believe, but there is an investment banker shortage. Investment experts say 2018 is the year of explosive stock offerings. T...
It’s hard to believe, but there is an investment banker shortage. Investment experts say 2018 is the year of explosive stock offerings. That means there’s more customer activity, more asset gathering, and more loans. According to the financial experts, the investment management industry will have to fill 200,000 jobs by the year 2020. One reason for the job vacancies is more than 40 percent of the investment managers on the job are 55-years-old or older.
Trying to fill all those positions is a challenge that few recruiters want to think about because investment managers don’t come from the normal job pool. Investment managers must have the education, personality, and the patience to work with a diverse group of clients that don’t always listen or react positively to advice. But there is one company that knows how to handle the challenges and the solutions that develop in investment management recruiting. That company is New York-based GoBuyside. GoBuyside has the expertise and the background that helps private equity groups, hedge funds, and Fortune 500 corporations find qualified talent that will lead the investment charge in the 21st-century. One solution clients is their extensive screening process. Buyside uses a diligent approach and leveraging technology to recruit talent.
The Buyside staff develops relationships with qualified investment candidates. More than 400 clients use Buyside to fill investment management positions because of those relationships. Buyside has a 10,000 firm network that is active in more than 500 cities around the world. Buyside helps companies in Europe, Asia, and South America conquer the challenges they face in their investment workforce the right way because Buyside experts focus on solutions.
The investment industry faces important challenges in today’s recruiting atmosphere. Those challenges hurt the effectiveness of investment recruiters. The main challenge is finding the right people who function effectively under enormous pressure. Most investment companies operate by-the-minute. That means there are always opportunities to explore and capture the money dangling from assets around the globe. Another challenge in the hedge fund industry is the constant political changes that impact investment companies. For example, the recent trade war with China presents a large challenge for investment firms that handle offshore assets. The instability in the global marketplace has investors scratching their heads. But Buyside’s talent pool knows how to handle global glitches like Trump’s trade war. Buyside’s talent help investment companies that specialize in global market investments find alternative investments thanks to their education and experience. Investing in the right global assets takes skill, insight, and knowledge. Buyside offers its clients the right fit when it comes to people who know global market investing inside and out. Global market investing talent is just one solution Buyside brings to the table.
Back in the old days of the 20th-century, big accounting firms did all the recruiting for the investment management industry. But that change at the dawn of the 21st-century. There are only four big accounting firms left in the United States and they don’t actively recruit for the investment industry these days. That’s why Buyside uses its communication network to find the right talent for investment firms and hedge funds. Buyside executives believe bonding is still the best way to fill vacant positions. Plus, Buyside embraces diversity and the contrast that develops when they give investment firms choices that seem unusual at first. GoBuyside recruiters use that strategy to open the minds of investment firms that don’t embrace change. Change is the only constant in the investment industry. And thanks to GoBuyside approach to filling will adapt to change using their investment talent.