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After adding over 400,000 jobs per month on average in 2022, job growth declined to just 199,000 in November 2023. And while the unemployment rate remains low at 3.7%, economists predict it may start creeping up in 2024 as economic growth stagnates. There are already signs that the red-hot labor market is losing steam as recession fears mount.
Attracting and retaining top talent goes beyond the traditional allure of high salaries and annual bonuses. The evolving expectations of professionals, especially among the emerging generation of bankers, call for more innovative compensation strategies.
The concept of cultural fit has emerged as a pivotal factor in the commercial banking world. As the industry evolves, the importance of aligning new hires with the company's ethos, values, and operational style cannot be overstated. Here are some practical tips on assessing it effectively during the hiring process.
The commercial banking sector is set for significant evolution in 2024.
In the world of finance, two prominent career paths often come to mind - commercial banking and investment banking. Both offer unique opportunities for individuals seeking a challenging and rewarding profession in the financial sector. However, understanding the key differences between these two paths is crucial for aspiring professionals to [...]
Private client advisors are crucial. They not only manage assets but also provide personalized guidance to help clients achieve their financial goals.
Are you feeling stuck in your current commercial banking position and longing for a change? In the dynamic world of finance, professionals often seek new opportunities to advance their careers. If you're ready to make a successful shift, it's essential to take the necessary steps to ensure a smooth transition. [...]
In commercial banking, continuous learning is not just an advantage—it's a necessity.
There’s an assumption that extroverted personalities, with their natural inclination for social interaction, have an edge in banking. Especially in roles such as private client advising or commercial banking, where client relationships are paramount. But does this mean introverts are at a disadvantage? The answer might surprise you.
Working with UHNW investors is a coveted opportunity. However, these investors are not always what they seem on the surface. They're not necessarily the jet-setting tech moguls portrayed in the media