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lolillo
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Joined: May 29th, 2002, 8:32 am

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January 10th, 2011, 8:43 am

Hi everyone,I work for a bank based in Madrid and we are currently searching for several candidates with a strong quantitative background and previous experience (3-4yrs) in financial modelling at a front office environment.Since we are not able to find good candidates based in Spain, we want to start searching for candidates based in London/Paris/Frankfurt... willing to make the move.The next step would be to contact head hunters that could provide us with valid candidates. What are the best headhunters available? Should we work with just one or use severall at the same time (if possible). Are there any other better sources than HHs?Any ideas are welcome.Thanks in advance.
 
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mynetself
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Joined: March 27th, 2010, 6:40 pm

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January 10th, 2011, 1:28 pm

Based on my limited experience as a job seeker, I will just say that on two occasions I have been contaced by *different* headhunters for the *same* position. My conclusion was/is that it is rather common practice for firms to work with different headhunters. It also makes sense to me - as an employer you probably want the best candidate, and you never know which headhunter might have the candidate you will consider as the best.
 
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DominicConnor
Posts: 41
Joined: July 14th, 2002, 3:00 am

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January 10th, 2011, 6:05 pm

I'm a HH, you can form your own opinion on how good...Obviously money is always an important part of getting people to move, but in the case of Madrid and other cities where finance is not a major part of the economy it need to be handed in a way that doesn't make me as a headhunter seem as helpful as you might want.Pay in Spanish finance is typically rather lower than Paris, and a lot less than London. My experience is that it is politically difficult to pay more. To make most people move you normally have to pay more than in the centre they are coming from. That premium varies a lot, but unless someone personally feels that your location is more attractive on it's own merits, is strictly positive. That is on top of the fact that if you want anyone to move anywhere you have to offer better terms than they are currently getting. This partly accounts for the way a French banker may take less money to work in Paris than London, and it can even be the case that someone from a small financial centre will compromise on pay & conditions to move to a bigger centre with better opportunities and better quality of work.Moving people to Madrid without the right pay package would be really tough, right in this context means paying them more than they are getting now, I have to share I have learned not to try and say to bankers that the cost of living in some locations is lower than London/NY or Paris. Maybe it is, but not by much and this is lower than the way that in a foreign city, you do not know it well enough to be efficient in your spending.Also they rather expect to move for more money, not less.The size of the problem / opportunity may be measured by the number of people on our database who were educated in Spain, but don't work there.
 
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Anthis
Posts: 7
Joined: October 22nd, 2001, 10:06 am

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January 10th, 2011, 8:07 pm

QuoteOriginally posted by: DominicConnorThe size of the problem / opportunity may be measured by the number of people on our database who were educated in Spain, but don't work there.And they are close to retirement or wont to move for non monetary reasons, eg family reasons, hot latinas, or simply the London humidity is working on their arthritis...
 
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mit
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Joined: February 5th, 2005, 4:52 pm

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January 10th, 2011, 10:40 pm

i will move, i will work for free
 
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lolillo
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Joined: May 29th, 2002, 8:32 am

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January 11th, 2011, 7:24 am

Thanks for your answers.Any HHs that anyone can suggest?
 
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frattyquant
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Joined: March 4th, 2010, 8:10 am

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January 12th, 2011, 6:26 am

LolilloI'm open to moving to Spain (if its Madrid or Barcelona). Could you ping me with the job description?
 
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Gmike2000
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Joined: September 25th, 2003, 9:49 pm

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January 12th, 2011, 6:50 am

Spain is so much nicer to live in than London or Paris or even NYC. If they had more variety in finance jobs (and if I spoke Spanish) I'd move there in a heartbeat, even if it means lower pay. Offer me a trading job in Barcelona or Spain or Sevilla...and I am in.The truth is that most kids who move to London or NY in search of success, they do not make it into high paying front-office roles and end up paying like half their income on rent forever. Eventually, 15 years into their "careers" they realize that they have only advanced a few cubicles to the right and they give up and move away. For most of those kids, they would have been better off starting their careers outside the big money centers.
 
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Cuchulainn
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Joined: July 16th, 2004, 7:38 am

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January 12th, 2011, 7:00 pm

Madrid is a very nice place.
 
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AbhiJ
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Joined: August 5th, 2008, 11:29 am

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January 13th, 2011, 3:26 am

QuoteOriginally posted by: Gmike2000For most of those kids, they would have been better off starting their careers outside the big money centers.Everything is well said in hindsight.
 
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rsaunders
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Joined: December 8th, 2010, 2:42 pm

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January 13th, 2011, 4:32 pm

I cannot say the best I have been recruiting for 22years contact me @rsaunders@cisny.com. I have done placements in the U.S. and London and would like to explore how i can help you
 
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daveangel
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Joined: October 20th, 2003, 4:05 pm

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January 13th, 2011, 5:04 pm

Quote Offer me a trading job in Barcelona or Spain or Sevilla...and I am in. have you seen the crime rate in Seville ? Its the mugging capital of Europe.
knowledge comes, wisdom lingers
 
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plus
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Joined: May 11th, 2003, 5:21 pm

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January 13th, 2011, 5:15 pm

I would be prepared to do this search for a years salary of the candidates.
 
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ppauper
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Joined: November 15th, 2001, 1:29 pm

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January 17th, 2011, 5:28 pm

I think by mentioning it here, you just guaranteed a lot of applicants
 
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Anthis
Posts: 7
Joined: October 22nd, 2001, 10:06 am

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January 17th, 2011, 9:12 pm

QuoteOriginally posted by: daveangelQuote Offer me a trading job in Barcelona or Spain or Sevilla...and I am in. have you seen the crime rate in Seville ? Its the mugging capital of Europe.So what? Lets open a Glock store there...