Job cuts and shrinking bonuses dominated headlines from Wall Street this year, so it’s easy to forget pockets of the industry are booming.
Bloomberg reports that analysts, recruiters and executives deem these the best jobs to have in 2016:
Oil and Gas Bankers
Battered by oil’s plunge, energy companies will need to lean on bankers in 2016 to shore up equity or sell themselves to stronger rivals.
Rising defaults, widening spreads on high-yield debt and climbing U.S. interest rates mean restructuring desks have a big year ahead, according to Vincent Hung of Autonomous Research.
Electronic Trading Personnel
Banks need traders and quants to improve platforms that help clients make and manage bets across multiple assets and markets, said Jessica Lee, an Options Group director.
Bank executives talked a lot in 2015 about the need to learn from other industries that got decimated by Silicon Valley disruptors. Next year, more banks will unveil pilot programs that automate investment management and make use of technology based on bitcoin’s blockchain, the software ledger that can speed up financial transactions.
While investors have shown heightened skittishness this month about holding risky corporate debt such as leveraged loans, some areas of corporate financing are expected to flourish next year.
Top-producing financial advisers have never been more in demand.
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