After almost a month into 2016, the new year has finally begun to settle in. For recent and soon-to-be college graduates, as well as current finance professionals ready to make a change, the new year may very well mean a new job. There’s a lot to be hopeful about, and there are plenty of employment opportunities available in 2016.
Tech and pharmaceuticals were at an all time high last year, but energy has a chance to be even bigger this year, giving oil and gas bankers a substantial role to play. Experience is certainly going to count for a lot in 2016 due to a short supply of employees with 5 to 7 years of experience in finance. Experienced analysts, vice presidents and associates should be prepared as hiring managers look their way.
It’s going to be a big year for restructuring investment banking jobs too, with restructuring firm revenue set to leap by up to 24 percent in 2016. Rates traders are in store for a 15 percent raise this year, and they’ll definitely earn it as the dual influences of tightened Fed monetary policy and relaxed European Central Bank rules fuels business.
Accountants, wealth management professionals and compliance analysts and associates round out the prime hiring targets of 2016. Firms nationwide will be looking to accountants to keep their books in order, while productive wealth management professionals have rarely been so in-demand as they are now. Last, but certainly not least, compliance analysts and associates will be hired in the thousands as banks recruit fresh talent to keep up with the evolving rules and regulations of the finance industry.