We Are In The Midst Of A Secret Wall Street Hiring Shuffle

From BI: anuary isn't usually known as a time when Wall Streeters start passing around their resumes, but that's starting to change, and it's all because of bonus season.  On Wall Street (especially in sales), bonuses are tied to team performance, not individual performance, so even if you personally rocked 2012, your team's performance could hurt your bonus prospects.

That's where this January hiring shuffle comes from.

"People who leave because of bonuses are having their positions filled quickly, and they (Wall Street banks) want someone good from a comparable firm." said Jesse Marrus, founder of Wall Street career search firm StreetID. "It's going to be a frenzy to fill those seats... You would think people would wait til the end of Q1 but they have a lot of pressure to keep things going."

Read more: http://www.businessinsider.com/post-bonus-wall-street-hiring-2013-1