Beruflich Dokumente
Kultur Dokumente
Newsletter for LHH New York City office (Go to: http://www.esnips.com/web/LHHNYCJMC) November 20, 2006
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www.lhhcrn.com. Group Chief Executive Michael Karp predicts; in that year, net revenue rose 18% at the top five firms.
"Wall Street's had a very good year, better than people expected," says Alan Johnson, managing
Blue Steps director of Johnson Associates. One reason, he said, was that the mortgage-securities market, which
had been expected to swoon if real-estate prices declined sharply, held up surprisingly well.
We have negotiated a 20% As bonus season shifts into high gear during the next two months, the "biggest winners" will be
discounted rate for LHH clients investment bankers who work on corporate mergers and private-equity buyouts, Mr. Karp says.
with Blue Steps the executive Other winners include Wall Street professionals who work in prime brokerage -- catering to hedge
search web site owned and funds -- and those who traffic in exotic instruments such as stock derivatives and structured credit,
operated by the AESC Mr. Karp says. With hedge funds continuing to flourish, aside from blowups such Amaranth Advisors
(Association of Executive LLC, a hedge-fund firm that had $6 billion in losses on energy trades in September, "the prime-
Search Consultants) which is brokerage wave is showing no signs of slowing down," the Options Group report said.
their professional organization The bonuses set at year end constitute most of the compensation of top traders and bankers, who
made up of over 200 of the top typically earn a base salary of $100,000 to $250,000. Except for a select few with guarantees, most
executive search firms. See Wall Street employees learn what their bonuses will be in November through January, depending on
your consultant for details. when their firm's fiscal year ends.
AESC has around 200 For senior bankers with the title of managing director, this will translate into an average pay range of
member search firms, with $2.2 million to $3.8 million, according to the Options Group report. For entry-level analysts fresh out
around 4000 consultants of college, it means $130,000 to $150,000.
around the world. Geographically, bonuses will rise the most in Asia, followed by Europe and the Americas, the Options
Group report says. Demand is particularly strong for talent in the "Bric" emerging-market nations:
Brazil, Russia, India and China, Mr. Karp said.
Within the bond divisions at big firms, the greatest increases will come in commodities and structured
finance, with the smallest gains in mortgage securities, investment-grade bonds and convertible
bonds. Within stock divisions, winners will be in equity derivatives and prime brokerage.
However, one area that has slowed since the Amaranth debacle has been energy trading. "We saw a
real drop in demand for energy-trading personnel after Amaranth," says Mr. Karp.
In the U.S. securities business, this year's pretax profits are expected to rise 45% to $25.6 billion, the
highest level since the peak bubble year of 2000, when they reached $31.6 billion, according to data
from the Securities Industry and Financial Markets Association. In that year, not surprisingly, big
bonuses were more concentrated in the technology area, Mr. Karp says.
One reason Wall Street employees can't expect bonuses to rise as much as revenues is that the
number of employees has increased. In the first nine months of 2006, the number of employees at
Goldman, Merrill, Morgan Stanley, Lehman and Bear rose 5% to 173,200, as the firms have sought
to expand.
For example, Morgan Stanley last week announced three separate investments in hedge funds. And
Merrill Lynch recently bought a specialty investment-banking firm, Petrie Parkman & Co., to ramp up
its energy-banking effort.
After overexpanding during the bubble, and then slashing in the years 2001-2003, Wall Street
has "been slow to hire back, they've been more careful" during the current upturn, Mr.
Johnson said. But now "they're hiring again," he said. "They realize that the bench is not as
deep as it needs to be."
From Execunet
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Networking Events (free / low cost events that may interest you)
Nationwide Equities' Thanksgiving Business Networking Function
November 21; professionals involved in the real estate, legal & financial industries; Held at Social: Bar &
Lounge, second floor;
Fees: Free
795 Eighth Ave, Between 48Th and 49th Street, New York, New York 10036
Sponsor information
Nationwide Equities Corp.
Contact: Evantz@yahoo.com, 917.975.5985
Web site: http://www.nwecorp.com
==========================================================================
Bridging From Business into the Nonprofit Sector
November 30; 9:00 to 10:30 a.m.; Bridgestar will host a bridger session for individuals who have
for-profit experience and are considering bridging into the nonprofit sector; Held at New York Community
Trust; To Attend, sign up at Web site
• Fees: Free
• 909 Third Ave., 22nd floor, New York, New York
Sponsor information
• Bridgestar
• Contact: 617.572.2833
• Fees: NFP Members: $10, Non-Members: $15 AT DOOR: $20 for everyone
• 204 Park Avenue South, New York, New York
Sponsor information
====================================================================
The "C" Network
"Surviving Corporate America"; Tuesdays, 1 p.m.; people of various professions are brought together
to debate how to break through the elements for finding work; paid preregistration required; call for
locations and further information.
Fees: $12
100 Park Avenue, New York, New York 10017
Sponsor information
The "C" Network
Contact: TheCnetwrk@aol.com, 718/263-3501
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JMC Job Search Tips (Simple Things pt 43…)
A POPULAR JOB SEARCH MYTH…
Do you know the one about “taking the holidays off because there’s no hiring taking
place”? Well, that’s exactly what it is – a myth. Don’t suspend your search activities during
the holiday season as for the last three years; there has actually been a continuation of
hiring activities that has continued into December. Research has shown that more and
more companies have sought to use the holiday months of November and December to
assemble their teams for the new year so that they can “hit the ground running”. It is in
that spirit that we once again bring you the following holiday tips courtesy of Jay Colan &
Joe Quinn:
TIP: Many charities have fund raisers and events during the holidays. The boards of many charities
are populated by corporate leaders. These events can be pricey, so choose them wisely. You can
readily get the names of those on the board of directors of charities by obtaining the annual report
from the organization or by going to nccs.urban.org, then click on "databases".
2. The budget planning that goes on in the fall can overlap with your holiday networking. The
networking that happens in December could result in a line being created for you for when the
company is ready to hire you, which could be in the next fiscal year. There are also situations where
a project needs to be completed before the end of the fiscal year by someone on a project basis,
even if there is a head count freeze. A manager might want to fill a line before the end of the fiscal
year to rationalize the need to continue that line that following year. We have seen clients hired in
the last few weeks specifically to start in December to complete a project or to fill a line before
yearend.
3. Holiday cards (with return addresses) are always appropriate ways of staying in touch with people
you have not had contact with for a while. This is the time for Christmas, Hanukah, Kwanza,
Ramadan, Diwali, and New Year's - so many traditions are commemorated in November and
December- all the more reason to send a non-denominational card with a winter scene.
No need to write about being out of work - just "Happy Holidays, Best Wishes for the New Year".
People use the holidays to contact people they have not been in touch with for a long time. Just a
simple card can rekindle a relationship. In addition to family and friends, former colleagues,
classmates, vendors and clients (where appropriate) as well as recruiters are people to write to at
this time of the year.
Send the cards early in December to avoid your cards getting lost in the rush of cards later in the
month and to possibly result in the person contacting you to get together during the holidays or to
invite you to holiday festivities. Cards easily reflect the sentiment, "We've been out of touch, let's get
together in the new year!"
TIP: Since this form of outreach is so highly personalized, make sure the cards are hand-signed and
the envelopes are hand-stamped. Any corporate mailing of this is highly inappropriate and if
anything would work against the effort to reach out to people in a personal way.
4. Volunteering has always been a good way to structure time for people in job search, to meet other
professionals and to do purposeful activity that could be especially meaningful. Such activity is even
more poignant during the holidays. Two hours of volunteering each week could be a good outlet and
would be appreciated by charities at this time.
P.S. The next “JMC Live” will be held on Monday, December 4 at 12:30…
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Useful Web Sites
Here are a few free online locations that could prove helpful (if you know of other new or
unique sites forward them to me at rod.williams@lhh.com)
www.worldwit.org. It's a new design, new navigation and a ton of new content. But most excitingly for
us, our site now includes something that so many of our members have asked for: a careers site!
Our careers area, WorldWIT's Hire Ground, is the first online recruiting site that reaches women 'at
the intersection of work and life' with job alerts in the daily WorldWIT email digests. Jobs are also
posted on the searchable WorldWIT's Hire Ground website
http://newyorkcity.employmentguide.com/ bills itself as a portal for entry-level or a mid-management
positions. EmploymentGuide.com has got you covered. With our FastAPP feature we have made
searching for jobs faster and easier than ever. Simply complete an application and we’ll send it to
matching employers in your area.
http://www.janplace.com/ a site for those seeking opportunities in publishing, licensing, children’s &
family media, entertainment, interactive media, and related areas
http://www.gadball.com an excellent site that provides Free Job Search - over 100,000 Active Jobs!
Free Resume Distribution, Free GadBall Discussion Forums, Free Career Email Address, Free
Personal Email Address features links to For Sale Listings and many other types of information
portals from television/movie listings to the weather. It also has an online calendaring tool, news,
games, and entertainment links.
http://www.JobsOnWallStreet.com bills itself as the leading financial services online job board
http://www.efinancialcareers.com/ bank jobs, finance jobs, recruitment in the financial markets,
accounting and investment banking
http://newyork.craigslist.org/ another site that’s pretty cool. It bills itself as the following: craigslist is
about: giving each other a break, getting the word out about everyday, real-world stuff. restoring the
human voice to the Internet, in a humane, non-commercial environment. keeping things simple,
common-sense, down-to-earth, honest, very real. providing an alternative to impersonal, big-media
sites. being inclusive, giving a voice to the disenfranchised, democratizing ... being a collection of
communities with similar spirit, not a single monolithic entity.
http://www.worklife.com/ Worklife.com provides industry specific career channels with a wealth of
information tailored to your career goals. Select a career channel to research industry information,
search jobs and build your portfolio.
www.ComputerJobs.com Recruiting Trends reports that ComputerJobs.com, an employment website
for Information Technology (IT) professionals and those who employ them, has launched a new web
site where IT professionals can discuss their careers, technology, current events, and more. The new
community called "The ComputerJobs.com Community," also offers employers resume keyword
searches, and job seekers the ability to search for high tech jobs on www.ComputerJobs.com.
http://www.teamworkonline.com/ a listing site that focuses on jobs in professional sports with teams,
offices, and connected entities (sports management, sporting goods, etc.). Here’s what they say
about themselves: 71% of the jobs posted here were filled by online candidates!
www.WomenSportsJobs.com currently has over 1,000 jobs posted in the following fields: Sports
Marketing, Sales, Advertising & Promotions, Public Relations, Sports Media, Broadcasting, Facilities,
Sports Events & Operations, Recreation, Health & Fitness, Website, Technology & Computers
http://www.job-hunt.org/ a terrific informational resource for job seekers
http://www.hightechny.com/ NY Labor Bureau site for IT employment (thanks Jay Colan)
http://www.ithotjobs.com/ bills itself as “ITHotJobs.com launched in 2001 to assist BIG 4, Top Tier,
Software 500, Fortune 1000 IT job seekers most impacted during the downturn has grown to
286,000 members and is utilized by over 9,775 IT specific recruiters.”
http://www.jobcircle.com/ JobCircle.com currently operates in CT, DC, DE, OH, MD, NY, NJ, PA, VA,
and WV , and provides a totally regional job search experience using our unique Latitude/Longitude
functionality.
http://www.dogpile.com great search site that uses Google, Yahoo, Ask Jeeves, About, Look Smart,
Overture, and FindWhat (talk about powerful!)
http://www.allretailjobs.com/ the name says it all
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Free web sites continued…
http://www.nj.com/jobs/quicksearch/ links to job postings for 11 New Jersey newspapers including
the statewide Star-Ledger
http://www.chiefmonster.com a Monster.com site for Senior Executives
http://www.6figurejobs.com lists executive Jobs
http://www.ceoupdate.com lists non-profit executive level jobs
http://www.execsearches.com lists non-profit executive level jobs
http://www.bigfivetalent.com lists Big Five Jobs
http://www.employment911.com/asp/index.asp claims currently over 3,000,000 jobs posted by
companies that use them and searched from over 300 major career sites along with jobs including 1-
Jobs.com, Hotjobs.com, American Jobs, Infoworks USA, America's Employers, JobBank USA,
America's Job Bank, Job Pilot USA, Bakos Group, MarketingJobs.com, Career Avenue,
Monster.com, Best Jobs USA, NationJob Network, Career Builder, Net-Temps.com, Career Mosaic,
Perot Systems, Career.com, Prohire.com, Career Magazine, Recruiters Online Network, Career
Web, Select Jobs.com, Computerjobs.com, Softwarejobs.com, Computerwork.com, The Job
Resource, Crosswalk.com, Top Echelon, Dice.com, TopStartups.com, Employment 911, US Careers
Resource Center, Headhunter.net, Westech Virtual Job Fair. Offers some pay services but quite
effective without them.
http://seeker.dice.com/profman/searchEngineMarketing.jsp?rel_code=100 more tech jobs
http://www.guru.com/pro/professionals.cfm?tc=20010&kw=job%20search%20web%20 site helps you
find IT, creative, business and office/admin projects all on one website!
http://www.e-careercenter.com/ &
http://www.job.com/index.cfm?us=164&AID=6944408&PID=1225587 2 sites for posting resumes and
searching jobs
Entrepreneurial Sites:
http://www.startupzone.com employment
http://www.topstartups.com employment
http://www.garage.com lists tech ventures and employment
http://www.fastcompany.com online version of magazine
http://www.vfinance.com funding for entrepreneurs
http://www.vcbuzz.com venture capital info
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Non-Profit Sites:
http://www.philanthropy.com non-profit info and employment
http://www.nonprofits.org/ non-profit info
http://www.chronicle.com higher education info and employment
http://www.guidestar.org/ national database of non profits
Media Resources
Please update by sending additional resources/corrections to jay.colan@LHH.com news and
trends:
television/print/music/interactive/digital/telecom/advertising
http://www.mediabistro.com/ -- Media Bistro: media industry networking and informational site.
Includes, news, advice, events listings, job boards, and discussion groups.
http://www.iwantmedia.com/– daily round up of media and industry news; extensive links to
other, related publications and sites.
http://www.poynter.org/medianews– Jim Romenesko’s media news: news, trends, extensive
links to other news and media related sites.
http://www.mediachannel.org/ -- Media Channel: global media news, issue guides, educational
aides.
http://www.mediaweek.com/ -- Media Week: online media news magazine.
http://www.insidemedia.com/
http://www.media.guardian.co.uk/ -- The Guardian online specialized media site.
http://www.eweek.com/– eWeek online version: media and new media news and resources
http://www.media-news.com/– Media news site, segmented by industry.
http://www.internews.org/– Internews: promoting free and open media on a global scale.
http://www.broadbandweek.com/– Broadband Week online version.
http://www.telecomcareers.net/– TelecomCareers.net: career resources, etc.
http://www.catv.org/-- CATV Cyberlab: news, resources for cable, broadband, and new media;
extensive list of links.
http://www.cabletoday.com/index.html– Bigpipe.com: cable news, resources, extensive links.
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http://www.emonline.com/index.html– Electronic Media online version.
http://www.dmnews.com/cgi-bin/index.cgi– DM News: online direct marketing news.
http://www.headlinespot.com/-- comprehensive news site: news, extensive links
http://www.tvinsite.com/broadcastingcable/index.asp?layout=webzine– Broadcasting Cable
online: news for broadcast and cable industries.
http://www.cableworld.com/– Cableworld online version: cable and broadband news
http://www.minonline.com/index.html—Min magazine: media business resources
television/print/music/interactive/digital/telecom/advertising (cont’d)
www.paidcontent.org focus on "the economics of content"
http://www.212nyc.org/ - interactive focus
www.mediapost.com
www.inanet.com for designers and art directors
www.cynopsis.com - daily briefing for broadcasting and cable, with job postings for NY and LA
Digital Music News (site/publication?)
www.nyctechwire.com
Inside Radio (site/publication?)
www.adage.com Advertising Age site
http://www.poynter.org/ - Web Tips – tracks U.S. TV
www.entertainmentcareers.net
www.rightmedia.com
www.venturewire.com – v.c. focus?
www.variety.com Variety - entertainment focus –including job links
This Week in Technology
British Academy of Film and Television Artists
http://www.digitalmusic2006.com/ - digital music forum
www.worldscreen.com Int’l News on programming /content that inevitably includes notes on
many NY companies
www.lightreading.com technology news with many notes on content deployments
www.digitalmedia.com – conference listings are searchable to obtain contact info for speakers
Multi-Channel News – publication?/site?
www.fierce.com – mobile media including wireless, IPTV and mobile media
BillBoard – music publication
www.journalismjobs.com
associations:
http://www.catm.com/-- Cable & Telecommunications Association for Marketing: library,
research, job bank, etc.
http://www.ncta.com/index.cfm– National Cable & Telecommunications Association: industry
news, legislative information, career resources, etc.
http://www.cthra.com/indopps.html– Cable and Telecommunications Human Resources
Association: job opportunities and career related links
http://www.aaaa.org/news/related_assoc.html– American Association of Advertising Agencies:
related industry links.
http://www.nynma.org/– New York New Media Association:
http://www.cabletvadbureau.com/– Cabletelevision Advertising Bureau: news, research, links,
career information.
http://www.ctpaa.org/– Cable Television Public Affairs Association
http://www.wict.org/main.cfm– Women in Cable & Telecommunications: resources and links
dedicated to improving the standing of women in the cable industry.
http://www.interactivehq.org/ -- Association for Interactive Marketing: research, education,
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events, networking.
www.americanbusinessmedia.com – association of business media companies
www.namme.org – National Association of Minority Media Executives
Magazine Publishers Association (MPA)
Online Publishers Association (ironically I don’t have the URL)
theory and scholarship:
http://www.ctheory.com/– CTheory: current scholarship on cultural, media, and critical theory
http://www.theory.org.uk/– media and social/cultural theory focusing on pop culture
http://www.utexas.edu/coc/journalism/SOURCE/j363/keywords.html– quick resources to major
leaders in mass communication studies
www.release1.0.com – Esther Dyson publication on v.c. and new technologies
Edventures – same on Ester Dyson
other resources:
http://www.hbscny.org/upcoming_events.htm - Harvard Business School Club of Greater NY –
Look for the Media Guru breakfasts
Media Staffing Professionals - Chicago based with jobs throughout the country
"The Soul of the New Consumer" - book on thinking for marketers and product developers
www.current.org – resource on NPR?
www.voice123 – voiceovers
One World? – cable advertising?
Promo magazine and Events Marketer for event marketing people
Provided by Ben Baumes, Jay Colan and the generous, spirited people who participated in the NY Media and
Entertainment networking group in January and February of 2005.
________________________________________________________________________________
The Network of Experts is looking for experienced professionals and subject matter experts across a
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communities, and we rely on the experts in our network to educate our clients.
We offer unique benefits for people who are employed full-time, retired, or in transition:
* You earn consulting fees at the hourly rate you set yourself for short assignments that occur via
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* You get to interact with influential money managers and to broaden your personal network.
* You have engaging conversations on relevant and current topics in your industry.
* You participate in a simple and straightforward program that never charges you any fees, protects
your privacy, and works around your busy schedule.
www.networkofexperts.com
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