Many boutique banks also boast of providing higher base-pay and compensation guarantees, welcoming more flexibility when it comes to remote work, and desiring to train junior bankers and promote from within.
He noted on that while there's a war for talent at the MD level, what's even more striking right now is that it's also happening"throughout the pyramid" of seniority. Moelis said the firm is focused on hiring people at the junior level and then spending a lot of money to train them for a future at the firm.
"When you're really in the midst of a crisis, most people want to sail close to shore, and they end up staying at their incumbent firm," he said on a July 29 earnings call."And I think individuals are starting to say, okay, let me return to these important career decisions." "Obviously, the sectors where we're going to see accelerated growth — biopharma, technology, the shift to a carbon-free world, how you play the renewables" — are all areas where the firm sees opportunities, he said on the July 30 earnings call.
"We're finding that our platform is actually quite attractive right now. We see a lot of opportunity to expand right now, and we're not having that much difficulty attracting talent," he said."Now, that could change. But for the moment, it's pretty good in that regard.
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