Schwarz Says Some Bankers Will Have to Reinvent Themselves

The video discusses the evolving landscape of banking jobs, highlighting areas of growth such as asset management and retail banking. It explores the absorption of jobs by US, Canadian, and Asian banks, as well as opportunities in fintech and family offices. The video also addresses the challenges faced by traders, especially in equities, and the competitive nature of moving to the buy side. It emphasizes the need for bankers to reinvent themselves and adapt to new compensation structures, focusing on long-term incentives rather than immediate cash rewards.

What areas have US banks expanded into recently?

How are the job opportunities for bankers changing compared to 10 years ago?

In what ways must bankers reinvent themselves in the current job market?

What challenges do bankers face when transitioning to the buy side?

What factors influence the compensation structure for bankers moving to the buy side?