January 25, 2023
Louis Diamond Quoted
By Alex Morrell, Bianca Chan, Emmalyse Brownstein, Hayley Cuccinello, Michelle Abrego, Paige Hagy, and Rebecca Ungarino
Goldman Sachs, BlackRock, and BNY kicked off 2023 with layoffs affecting as many as 5,000 workers.
It’s not all bleak. Some hedge funds, wealth managers, and asset managers are still hiring.
Recruiters told us what roles are in demand and what skills can help you land them.
Despite the market downturn, wealth managers are in high demand.
“From our vantage point, it’s actually one of the more active recruiting environments we’ve ever seen,” Louis Diamond, a recruiter based in NewYork, told Insider. “While the rest of the economy might have layoffs or might not be in the best of spots, financial advisors are in very highdemand because they are bringing over immediate revenue and pay for themselves relatively quickly.”
