A veteran of executive recruiting, Craig Stocksleger leads Comprehensive Recruiting in Tempe, Arizona. Craig Stocksleger particularly focuses on sourcing and placing trading professionals on Wall Street.
In 2015, the New York Times reported that Wall Street continues to pay a higher salary than other industries. In fact, major investment banks increased spring base salary from $70,000 to $85,000 for recent college graduates. This is in direct correlation to the industry rebounding from the 2008 financial crisis, with reported profits similar to those of the early 2000s.
In terms of compensation, full-time employees in securities earn, on average, more than twice the salary of that of American workers in the 70 years preceding 1999. Reports indicate that by 2013 a securities salary was 3.6 times more than other professions.
In November 2015, a Johnson Associates analysis projected Wall Street year-end bonuses to fall between 5 and 10 percent of bankers’ salaries, which equates to more than the average income of 90 percent of households, according to the US Census Bureau.
Craig Stocksleger is the owner of Comprehensive Recruiting, an Arizona-based firm that focuses on placing capital markets professionals in executive positions within financial companies. With nearly 15 years of experience, Craig Stocksleger has also trained many employees in best practices for recruiting qualified, executive-level candidates for companies in the financial sector. When seeking professionals to fill positions, it is important for recruiters to adhere to the following ethical practices in order to maintain integrity and promote the success of their clients.
1. An ethical recruiter does not attempt to place candidates where they are unsuitable. Though firms aim to put adequate candidates in jobs as quickly as possible, an ethical recruiter should not utilize unethical practices such as redirection in order to convince a hiring manager that his or her qualms about a candidate are unfounded. Instead, a recruiter should listen to client concerns, and seek to provide a candidate that satisfactorily meets client needs.
2. An ethical recruiter does not misrepresent himself in order to obtain resumes. Using a practice known as “rusing,” unethical recruiters will claim to be legal professionals, family members, or members of the press in order to persuade a potential candidate to speak with them, and promptly drop the ruse to talk business as soon as the candidate agrees to speak with them. Honest recruiters make contact with discretion, but are transparent about their identities.
3. An ethical recruiter does not fabricate job descriptions in order to collect resumes. Unethical recruiters often accumulate the resumes of potential job candidates by contacting these individuals with fake job descriptions, and later tell them the position has been filled. A good recruiter contacts professionals with tangible job offers only.
For the last nine years, Craig Stocksleger has overseen executive search operations as owner of Comprehensive Recruiting in Tempe, Arizona. In this capacity, Craig Stocksleger specializes in analysis and trading within the various financial markets.
There are a number of financial markets across the globe. These meeting points are convenient for both buyers and sellers, allowing them to exchange funds in the form of bonds, money, and equities. Though a transparent means of trading, financial markets can fluctuate due to changes in gross domestic product and the unemployment rate. Nonetheless, financial markets are crucial to establishing economic liquidity and capital formation, which help facilitate successful businesses. The following lists just a few different types of financial markets:
In a capital market, businesses and individuals will exchange or sell securities to raise their financing and net worth. These markets feature both primary and secondary markets. Stock and bond markets, two sub-types of the capital market, allow investors to purchase publicly traded material.
This market allows individuals to trade financial assets with brief maturity and large liquidity rates as a means of short-term leasing. Within money markets, investors utilize certificates of deposit, interest rate swaps, and commercial paper to safely and efficiently exchange capital.
Foreign exchange market
A foreign exchange market allows individuals to securely trade worldwide currencies. In addition, the market employs the use of financial policies to regulate worldwide exchange rates on money and prevent high fluctuation within different markets.
A successful executive recruiter with experience filling Wall Street positions and specializing in fixed-income markets, Craig Stocksleger founded Tempe, Arizona’s Comprehensive Recruiting in 2006. Craig Stocksleger and his team of skilled recruiters place experienced professionals in a wide range of roles in the financial markets sector.
According to a recent article in the Financial Times, increased regulation in the financial industry has led to the creation of numerous related jobs in recent years. The article states that the need for professionals who focus on regulation implementation and adherence has created more jobs in banking, auditing, and insurance. Along with regulation-related jobs, there is a growing need for risk-management experts with the ability to recognize and prevent risks for businesses.
Gregory Hutchings from Washington University’s Olin School of Business notes that there has been a significant increase in the number of job opportunities with buy-side companies, including private equity firms, hedge funds, and asset management companies.
After a slow in investment banking hiring following the financial crisis, experts assert that rising mergers and acquisitions activity is also stimulating additional job opportunities in investment banking. Furthermore, job security has increased for professionals in risk management, wealth management, and compliance and IT.
Craig Stocksleger directs a skilled group of executive recruiters at Comprehensive Recruiting in Tempe, Arizona. Craig Stocksleger’s team hires from a variety of specialties in financial markets.
As an analyst of industry trends, Stocksleger has observed that many candidates focus on immediate gratification, looking mostly at short-term gains over one or two years.
This new emphasis, notes Stocksleger, has caused companies to offer a different mix of compensation. In the wake of new federal regulations, greater portions of earnings come from larger base salaries and signing bonuses. The latter are especially attractive to younger candidates.
The nature of performance bonuses is also changing. Large investment banks now provide bonuses in restricted stock that vests over a period of years, thus encouraging high performers to stay with the company. In theory, says Stocksleger, this new kind of compensation also reduces the incidence of unethical behavior, such as inflating sales figures and taking undue risks.