The investment bank sector accounted for 160

The "mercato" traders and bankers is to return to Wall Street. After two years of calm, the labour market seriously anime in the financial sector for the resumption.

According to the Federal Reserve of New York, despite persistent doubts about the strength of growth, Wall Street banks obviously chose to anticipate the resumption reverting with hirings. The Department of employment of the State of New York indicates that some 6.800 positions have been created between early March and late may, is the highest quarterly increase since 2008. The banks who have recruited more than in the first quarter include JPMorgan Chase (more), but also Goldman Sachs and Credit Switzerland (600 people each), Nomura and Deutsche Bank.

"Candidates now receive multiple offers and banks risk losing the most desired items if they do react with sufficient speed," told Bloomberg Constance Melrose, Executive Director of recruitment eFinancialCareers North America company, which recorded an increase of 75 of the job opportunities on the site since 2009. According to data of the Department of employment of the State of New York, the financial sector in the broad sense has reconnected with the growth in the first quarter with a total of 429.000 jobs end May 2010, from 422.200 in February, even if it is still far from the "peak" of 473.800 jobs for August 2007.

The investment bank sector accounted for 160.400 jobs in May (compared to 158.500 in February), according to figures from the Office of the State controller.

In the first quarter, five banks on Wall Street (Bank of America, JPMorgan Chase, Citigroup, Goldman Sachs and Morgan Stanley), which won a net cumulative 16.2 billion over the period, have all increased their numbers. But foreign banks are not in balance, the Japanese group Nomura with, for example, opted for an aggressive growth in New York from 1,000 to 1,700 employees in one year. Deutsche Bank and Société Générale is also cited as being very active, especially in the sector of raw, where talents are the most sought after.

Average salary: 312.000 EUR

More prudent, Morgan Stanley has recruited hundreds of executives in the private bank in the United States, but has frozen 400 additional sector recruitment pending the resumption of the markets is confirmed. According to some experts, this thrill may be only temporary, Wall Street traditionally registering a renewed activity on the front of the recruitment in the spring and early summer.

This rally, the first after a "cold hit" two years that has cost some 28,000 jobs on Wall Street, coincides with the return of "attractive" pay practices According to data of the Federal Bureau of Economic Analysis, the annual average salary on Wall Street is already 392.000 dollars (312.000 EUR), against an average of 63.875 dollars (50.800 euros) for the other employees in New York. And according to Bloomberg, several banks on Wall Street, including Nomura and UBS, have returned to the practice of the bonus guaranteed 2-4 million on a year, or even for their most highly qualified staff over two years. Despite the recommendations of caution of the G20 and the Fed, everything seems to indicate that the "power of employees" is to return to Wall Street.