Racket Smashing Temper Tantrums, 5 Things NOT to include on your Resume - Weekly IB Recruiting Brief

"I get used to the muck as I go along." -Vladimir, Waiting For Godot, Samuel Beckett

• ?Nick Kyrgios?lost his U.S. Open match Tuesday night -- and then he lost his mind ... smashing two of his rackets on the court in an epic meltdown at the famous tennis tournament. (TMZ)
• Defaults on leveraged loans hit $6B in August, the highest monthly total since Oct 2020 (WSJ)
• The probability of a three-quarter point hike moved to 82% on Wednesday morning, according to the?CME Group’s FedWatch tracker?of fed funds futures bets. Powell will speak Thursday in a Q&A session with the Cato Institute.
• Credit Suisse?is considering cutting around 5,000 jobs, about one position in 10, as part of a cost reduction drive at Switzerland's second-biggest bank. (Reuters)
• ?In a video that's been viewed more than 2 million times on TikTok (yes TikTok), Erica Rivera, a senior recruiter at Goggle laid out 5 things that people should stop including in their résumés, like, right now.

1. Number one, your address. We don't need the full address: city and state only
2. Two: objective statement. Gotta go. That was 1970. We are in 2022.
3. Three: we don't need your entire work history since you started your professional career. What we need to focus and hone in on is tailoring your search and résumé to the role you're applying for.
4. Next, weak action verbs. 'I helped', 'I was responsible for' nah. Take some of these recommendations I'm sharing here, and apply them to your résumé. Erica recommends using active verbs like: streamlined, managed, implemented, improved, strategized, increased, produced, and generated.
5. Finally, references available upon request. We don't need it. We will ask you if we need your references.

These days, my feed seems to be filled with happy announcements of analysts fleeing investment banking heading to the “promise land” of private equity. Those who have been successful in making the jump have similar backgrounds – they completed an AN program at Bank A or completed one year at Bank A and 2 years at Bank B. Loyalty seems to outplay brand in this market; 3 years of strong M&A or LevFin seems to be the minimum pay-to-play. I am not seeing Associates (particularly newly minted MBA career switchers) able to make that move into PE.

IB Analyst roles are few and far between. Banks are still trying to digest their new hires. There is still HIGH demand across the street for A2A promotes and strong lateral Associate 1/2s but they remain a scare commodity (see above). In IB, jumpers have fallen out of favor as we are seeing more qualified candidates come through our pipeline. One exception is folks who have made a boo-boo and jumped to a bad corp dev situation. Most of those candidates have been well-received if they realize a year in corp dev does not equal a year in IB. Cast a wide net in this market – it’s definitely a little funky.

SHAMELESS PLUG

If you think you need help fixing your resume or beefing up your interviewing skills let us know. We’re here to help.?Check out?GettingtheOffer.com?for affordable services on how to right the ship.

HOT JOBS 9/10

Please PM me or shoot me an email at?[email protected]?and let me know which role you might be interested in. Must have at least 1-year prior IB M&A experience. Visas as noted below.

- A2A Promote/A1, Tech (SF)

- Analyst 1/2, Software, (Boston)

- Real Estate and Lodging coverage Associate 1/2 (NYC)

- Digital Assets / Crypto / Fin Tech Associate 2/3 (NYC)

- Private Debt Advisory (IB) Associate 2/3 (NYC)

- RX Associate 1/2 (NYC)

- Consumer and Retail Associate 1/2 (NYC)

- Consumer and Retail Associate 2/3 (NYC)

- Industrials, Associate 1/2, (NYC)

- Industrials, Associate 2/3, (NYC)

- Software VP (Boston/NYC/SF)

- M&A VP (NYC)

- Healthcare Tools & Diagnostics (D) (Miami)

- Sponsor Coverage (D/MD) (Mostly Remote/Anywhere)

- HC Services M&A (D/MD) (Miami)

- Fintech M&A MD (SF)

- Specialty Finance (NYC) - MD Group Head

- Software (SF) Partner MD

- Fintech (SF) Partner MD

- Associate II – Technology Leveraged Finance and Sponsor Coverage (Santa Monica) Corp Banking

- Associate II – Technology Leveraged Finance and Sponsor Coverage (Boston) Corp Banking

- VP I/II – Technology Leveraged Finance and Sponsor Coverage (Santa Monica) Corp Banking