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could you elaborate? I would have guessed that especially in finance hiring in major cities is just a matter of compensation.
by loremipsium 6y ago
could you elaborate? I would have guessed that especially in finance hiring in major cities is just a matter of compensation.
- arethuza 6y agoI think in every statement like "we can't find employees" there is an implicit "at the amount of money we want to pay".
- arc0 6y agoAre German bankers paid that much more than British bankers then?
- arethuza 6y agoI have no idea - perhaps there is a shortage of bankers in Germany because of banks moving there?
- greatpatton 6y agoI mean that can attract people from all over Europe to take these positions. It's likely a question of money.
- fmajid 6y agoAnd Frankfurt is not as attractive a place to live as London or Paris.
- cyberpunk 6y agoI dunno, I would trade london for just one more meal at konamon or muku ;)
- brewmarche 6y agoGetting reservations at Muku was never easy but always worth it
- HenryKissinger 6y agoParis is a shithole.
- bengalister 6y agoAs a French guy still living in France, I don't find Paris to be attractive at all. It is a dirty city, housing is expensive and generally in a poor state, and there a lot of security issues and social unrest: burglaries, violent protests (almost every week), periodic riots in some suburbs and terrorist attacks. To the point that more and more in the media, you hear about an upcoming civil war. Add that all the famous France's plagues: strikes, bureaucracy, very high income taxes for people earning more than 2000/m Euros and more recently communities living more and more separately. There is no social unrest in Germany, Frankfurt is much safer and Germany more reliable.
- ardit33 6y agoFrankfurt is a lovely place to live... I was surprised how cheap it was (compared to nyc and such). While not a world class city like NYC/London, it has a lot to offer, and it is on par with cities like Boston/Seatle/SF/W.DC/Lyon/Zurich etc... It is a solid 'upper middle' tier city, where everything is clean and neat.
- siquick 6y agoAnd you can be in the center of of Amsterdam, Berlin, or Paris within 4 hours by train.
- csomar 6y agoHa!? Paris is attractive only for a handful of ultra-rich or if you are a two days tourist (and even then). On the other hand, I found Frankfurt to be quite affordable and calm. What daily attractions does Paris have? Sure there is the Louvre but I didn't visit that as a tourist (no way I'm standing on these lines); so I don't think I'll be seeing it everyday to work.
- realityking 6y agoThis. And from what I’ve heard this is often less about the banker asked to relocate themselves but their families. London is just far more attractive as a place for foreigners to relocate to than Frankfurt is. It’s one of the downsides of Germany’s less centralized economy. While not the same status as London, Munich or Berlin would likely be more attractive destinations for their families.
- travmatt 6y agoIf everyone suddenly has great need of them while demand for British bankers collapses, then yes.
- tremon 6y agoI'm guessing that at least some financial institutions have been moving (part of) their London operations to mainland Europe, thereby creating a shortage of available workers there. That will probably self-correct over time, but it doesn't help the situation right now.
- nbevans 6y agoThey were hiring for a low-rank employee that would take training and instructions from London.