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New York City Job Market Update

Newsletter for LHH New York City office (Go to: August 31, 2009

In This Issue Flash! The Next “JMC Live” will be held on Wed, September 2 from
• Job Market Intel
10A-12N in the Park Avenue conf room featuring Financial
• Career Events Services Volunteer Corps (FSVC), a fascinating organization that will
be sharing information on opportunities to gain international experience.
• Networking Events
As always, a real time update on the current employment marketplace
• JMC Job Search Tips with ample time for your Q’s...

Also Included Job Market Intel

• Useful Web Sites
Morgan Stanley hiring up to 400 in sales, trading
• Media Resources Source: Crain's New York
• Blue Steps (AP) - Morgan Stanley is adding hundreds of jobs in trading and sales in hopes of ramping up profit
in its emerging markets, foreign exchange, equity derivatives and prime brokerage businesses.
• Network of Experts The company will add as many as 400 professionals in trading and sales this year, said an
• Job Lead Sampler anonymous person familiar with the hiring, who did not wish to be identified because the job
additions were not formally announced.
• Just Thinking… The positions are not replacements for those who left or any laid off, but are net additions for the
The hiring has begun and about half of the total positions are filled.
Get Your Copy
NYC Job Market Update The New York-based investment bank reported last month that it lost more than $1.2 billion in the
available online at: second quarter, due mostly to charges to cover losses in real estate investments and costs of repaying the government for bailout money.
C Access the latest and
At the time, analysts said Morgan Stanley's investment banking revenue was strong, but that its
back editions. Copies are conservative approach to trading hindered its ability to offset the special charges.
also available in the
common areas and from The company's capital ratios were among the strongest among its peers, indicating that it was sitting
your consultants… If you on more cash in reserve rather than betting it on riskier assets.
have information to Morgan Stanley said its loss after paying preferred dividends was $1.26 billion, or $1.10 per share,
submit, contact Rod during the quarter ended June 30. It earned $1.06 billion, or $1.02 per share, during the same
Williams at quarter last year. or Analysts polled by Thomson Reuters had forecast a quarterly loss of 49 cents per share.
212.455.8583. Thanks in
advance! In June, Morgan Stanley was one of 10 major banks that was approved to repay its government loan.
Goldman and JPMorgan Chase & Co. were also among the other major banks that repaid
government Troubled Asset Relief Program funds. Morgan Stanley had received $10 billion as part of
the government's $700 billion program.
CRN SpotLight
Compensation cuts ahead for money managers
Check out the approximately By Douglas Appell
150,000 jobs on LeadLink Incentive compensation for money managers will decline this year from 2008 levels, even as other
and don’t forget to keep your financial services sectors, including major investment and commercial banks, enjoy a rebound,
resume updated on Resume according to a midyear report by compensation boutique Johnson Associates.
Reserve. New employers Even with the recent rebound in equity markets, the report stated, market averages this year will trail
and recruiters are added and 2008 levels “significantly.” As a result, incentive compensation for long-only equity managers could
are searching daily. fall 35% this year from 2008, while that of fixed-income professionals could decline by 25%, the
report predicted.

Access both on the web at: Meanwhile, hedge fund managers could see declines of 20% to 30% in incentive compensation,
reflecting the impact on performance fees of funds being below their high water marks, the report
Other Job Market said.
Connection Highlights…

Job Fairs Local Job Fairs

Employer of the Day

“JMC Live”

Entertainment & Media

Networking Group
Tuesday, October 13, 2009
Recruiter Panels

Special Topic Speakers 11:00 AM to 3:00 PM

Radisson Martinique On
Additionally we serve as
the venue for several Broadway Hotel
external professional
networking groups 49 WEST 32ND STREET
including TENG (Tech New York, NY 10001
Exec. Networking
Group), MENG
(Marketing Exec.
Networking Group), and Networking Events (free/low cost events that may interest you)
FENG (Financial Exec.
Networking Group) NYC Senior Executive Roundtable
Wednesday, September 2, 2009, 8:30 - 11:00 AM
Where: 11 Penn Plaza
Seventh Avenue
5th Floor, Conference Room
Blue Steps New York City, NY

We have negotiated a 20% Cost: ExecuNet Members – $35.00

discounted rate for LHH clients Guests – $40.00
with Blue Steps the executive Meeting Title: SENIOR EXECUTIVE ROUNDTABLE
search web site owned and Registration Deadline: Tuesday, September 1, 2009
operated by the AESC
(Association of Executive ============================================================================
Search Consultants) which is
their professional organization The "C" Network
made up of over 200 of the top "Surviving Corporate America"; Tuesdays, 1 p.m.; people of various professions are brought together
executive search firms. See to debate how to break through the elements for finding work; paid pre-registration required; call for
your consultant for details. locations and further information.
Fees: $12
AESC has around 200
100 Park Avenue, New York, New York 10017
member search firms, with Sponsor information
around 4000 consultants The "C" Network
around the world. Contact:, 718/263-3501

Just Thinking…
The person who removes a mountain begins by carrying away small stones. -- Chinese proverb

JMC Job Search Tips (Simple Things pt 103…)

The Simplest of Things (pt. 2)…
It’s no secret that job search in this economy can be quite a grind. The unpredictability of the market
continues to wear on everyone’s nerves inducing stress. That makes it critical to maintain your
healthy stress reduction habits like exercise, reading, volunteering, etc… These simple pleasure
diversions can go a long way to not only providing a fresh perspective but also keeping your mind
sharp so that you can perform your best when re-engaging in the process…

Useful Web Sites

These could prove helpful (forward others to me at
***New business networking alternatives and competition to LinkedIn:
Naymz Maximize your professional opportunities by promoting your good
name in our Reputation Community.

Plaxo Pulse The easiest way to stay connected is now also the easiest way
to share just about anything. Pulse now brings you "people feeds" from all over the web: It's a new design, new navigation and a ton of new content. But most excitingly for
us, our site now includes something that so many of our members have asked for: a careers site!
Our careers area, WorldWIT's Hire Ground, is the first online recruiting site that reaches women 'at
the intersection of work and life' with job alerts in the daily WorldWIT email digests. Jobs are also
posted on the searchable WorldWIT's Hire Ground website bills itself as a portal for entry-level or a mid-management
positions. has got you covered. With our FastAPP feature we have made
searching for jobs faster and easier than ever. Simply complete an application and we’ll send it to
matching employers in your area. a site for those seeking opportunities in publishing, licensing, children’s &
family media, entertainment, interactive media, and related areas an excellent site that provides Free Job Search - over 100,000 Active Jobs!
Free Resume Distribution, Free GadBall Discussion Forums, Free Career Email Address, Free
Personal Email Address features links to For Sale Listings and many other types of information
portals from television/movie listings to the weather. It also has an online calendaring tool, news,
games, and entertainment links. bills itself as the leading financial services online job board bank jobs, finance jobs, recruitment in the financial markets,
accounting and investment banking another site that’s pretty cool. It bills itself as the following: craigslist is
about: giving each other a break, getting the word out about everyday, real-world stuff. restoring the
human voice to the Internet, in a humane, non-commercial environment. keeping things simple,
common-sense, down-to-earth, honest, very real. providing an alternative to impersonal, big-media
sites. being inclusive, giving a voice to the disenfranchised, democratizing ... being a collection of
communities with similar spirit, not a single monolithic entity. provides industry specific career channels with a wealth of
information tailored to your career goals. Select a career channel to research industry information,
search jobs and build your portfolio. Recruiting Trends reports that, an employment website
for Information Technology (IT) professionals and those who employ them, has launched a new web
site where IT professionals can discuss their careers, technology, current events, and more. The new
community called "The Community," also offers employers resume keyword
searches, and job seekers the ability to search for high tech jobs on a listing site that focuses on jobs in professional sports with teams,
offices, and connected entities (sports management, sporting goods, etc.). Here’s what they say
about themselves: 71% of the jobs posted here were filled by online candidates!

3 currently has over 1,000 jobs posted in the following fields: Sports
Marketing, Sales, Advertising & Promotions, Public Relations, Sports Media, Broadcasting, Facilities,
Sports Events & Operations, Recreation, Health & Fitness, Website, Technology & Computers a terrific informational resource for job seekers NY Labor Bureau site for IT employment (thanks Jay Colan) bills itself as “ launched in 2001 to assist BIG 4, Top Tier,
Software 500, Fortune 1000 IT job seekers most impacted during the downturn has grown to
286,000 members and is utilized by over 9,775 IT specific recruiters.” currently operates in CT, DC, DE, OH, MD, NY, NJ, PA, VA,
and WV , and provides a totally regional job search experience using our unique Latitude/Longitude
functionality. great search site that uses Google, Yahoo, Ask Jeeves, About, Look Smart,
Overture, and FindWhat (talk about powerful!) the name says it all. links to job postings:11 NJ newspapers incl. the Star-Ledger a site for Senior Executives lists executive Jobs lists non-profit executive level jobs lists non-profit executive level jobs lists Big Five Jobs claims currently over 3,000,000 jobs posted by
companies that use them and searched from over 300 major career sites along with jobs including 1-,, American Jobs, Infoworks USA, America's Employers, JobBank USA,
America's Job Bank, Job Pilot USA, Bakos Group,, Career Avenue,, Best Jobs USA, NationJob Network, Career Builder,, Career Mosaic,
Perot Systems,,, Career Magazine, Recruiters Online Network, Career
Web, Select,,,, The Job
Resource,, Top Echelon,,, Employment 911, US Careers
Resource Center,, Westech Virtual Job Fair. (Pay services not necessary). more tech jobs site helps you
find IT, creative, business and office/admin projects all on one website! &
us=164&AID=6944408&PID=1225587 2 sites for posting resumes and searching jobs

Fee Based Sites: Association of Executive Search Consultants (AESC) resume database.
LHH has a discounted rate (See your consultant) Based in New York City,, Inc. is a privately held company
offering premier online job search destinations and content for the $100k+ sector of the employment
market. The company operates its primary consumer destination at as well as
specialized job search Web sites for Sales, Marketing, Finance, Human Resources, Law,
Technology, Operations and all other $100k+ fields. For corporate and executive recruiters, operates TheLadders for Recruiters, enabling them to easily post and manage job
openings. lists executive jobs lists executive jobs lists executive jobs lists executive technical jobs

4 a resume posting site
Entrepreneurial Sites: employment employment lists tech ventures and employment online version of magazine funding for entrepreneurs venture capital info

Non-Profit Sites: non-profit info and employment non-profit info higher education info and employment national database of non profits

Executive Job Listings in the Not-for-Profit Sector Advertised openings: lists non-profit executive level jobs lists non-profit executive level jobs

Search firm listed openings:


Participate in a Unique Part-Time Consulting Opportunity

The Network of Experts is looking for experienced professionals and subject matter experts across a
wide range of industries. We are a research firm serving the asset management and private equity
communities, and we rely on the experts in our network to educate our clients.
We offer unique benefits for people who are employed full-time, retired, or in transition:
* You earn consulting fees at the hourly rate you set yourself for short assignments that occur via
telephone or through surveys and email exchanges.
* You get to interact with influential money managers and to broaden your personal network.
* You have engaging conversations on relevant and current topics in your industry.
* You participate in a simple and straightforward program that never charges you any fees, protects
your privacy, and works around your busy schedule.

Learn more and fill out a simple application at our website.

Media Resources
Provided by Jay Colan and the generous, spirited people participating in the NY Media and Entertainment
networking group. Please update by sending additional resources/corrections to &
 -- Media Bistro: media industry networking and informational site.
Includes, news, advice, events listings, job boards, and discussion groups.
– daily round up of media and industry news; extensive links to
other, related publications and sites.
– Jim Romenesko’s media news: news, trends, extensive
links to other news and media related sites.
 -- Media Channel: global media news, issue guides,
educational aides.
 -- Media Week: online media news magazine.
 -- The Guardian online specialized media site.
– eWeek online version: media and new media news and resources
– Media news site, segmented by industry.
– Internews: promoting free and open media on a global scale.
– Broadband Week online version.
– career resources, etc.
 CATV Cyberlab: news, resources for cable, broadband, and new media;
extensive list of links.
– cable news, resources, extensive links.
– Electronic Media online version.
– DM News: online direct marketing news.
 comprehensive news site: news, extensive links
– Broadcasting Cable
online: news for broadcast and cable industries.
– Cableworld online version: cable and broadband news
—Min magazine: media business resources
 focus on "the economics of content"
 - interactive focus
 for designers and art directors
 - daily briefing for broadcasting and cable, with job postings for NY and LA
 Digital Music News (site/publication?)
 Inside Radio (site/publication?)
 Advertising Age site
 - Web Tips – tracks U.S. TV
 – v.c. focus?
 Variety - entertainment focus –including job links
 This Week in Technology
 British Academy of Film and Television Artists
 - digital music forum
 Int’l News on programming /content that inevitably includes notes on
many NY companies
 technology news with many notes on content deployments
 – conference listings are searchable to obtain contact info for speakers
 Multi-Channel News – publication?/site?
 – mobile media including wireless, IPTV and mobile media
 BillBoard – music publication
 Cable & Telecommunications Association for Marketing: library,
research, job bank, etc.
– National Cable & Telecommunications Association: industry
news, legislative information, career resources, etc.
– Cable and Telecommunications Human Resources
Association: job opportunities and career related links
– American Association of Advertising Agencies:
related industry links.
– New York New Media Association:
– Cabletelevision Advertising Bureau: news, research, links,
career information.
– Cable Television Public Affairs Association
– Women in Cable & Telecommunications: resources and links
dedicated to improving the standing of women in the cable industry.
 -- Association for Interactive Marketing: research, education,
events, networking.
 – association of business media companies
 – National Association of Minority Media Executives
 Magazine Publishers Association (MPA)
 Online Publishers Association (ironically I don’t have the URL)
theory and scholarship:
– CTheory: current scholarship on cultural, media, and critical theory
– media and social/cultural theory focusing on pop culture
– quick resources to major
leaders in mass communication studies
 – Esther Dyson publication on v.c. and new technologies
 Edventures – same on Ester Dyson
other resources:
 - Harvard Business School Club of Greater NY –
Look for the Media Guru breakfasts
 Media Staffing Professionals - Chicago based with jobs throughout the country
 "The Soul of the New Consumer" - book on thinking for marketers and product developers
 – resource on NPR?
 www.voice123 – voiceovers
 One World? – cable advertising?
 Promo magazine and Events Marketer for event marketing people

Job Lead Sampler

(For many more check LeadLink)
Sr. UNIX Systems Administrator, Momentum Resource Solutions
Regional Sales Director, CoStar, $175K - $200K +
Merchandise Planner, Henri Bendel
Director of Learning & Job Development, Port Washington, NY,
Application Mgr - Development Prime View Portal, Enterprise
Solutions Providers
Project Mgmt Lead, Enterprise Solutions Providers
Online Mktg Manager, BizBash Media, &55K - $75K + Bonus *(Job
available on LinkedIn,Only)
Senior Accountant, Tishman Realty & Construction, $80K - $90K +
Ass't Director Communication Technology, Metro North RR, $72,926K
- $109,390K
Director Finance & Control, Port Washington, NY, Luxottica Grp
Business Analyst/Developer, Port Washington, NY, Luxottica Grp
Director Learning & Development, Port Washington, NY, Luxottica
Retail Market Manager/Coordinator, Port Washington, NY, Luxottica
Sr. Trade Marketing Manager - NA, Port Washington, NY, Luxottica