New York City Job Market Update
Newsletter for LHH New York City office (Go to: http://www.esnips.com/web/LHHNYCJMC)
In This Issue
• Job Market Intel
• Career Events
• Networking Events
• JMC Job Search Tips
Also Included
• Useful Web Sites
• Media Resources
• Blue Steps
• Network of Experts
• Job Lead Sampler
Get Your Copy
NYC Job Market Update
available online at:
http://www.esnips.com/web/LHHNYCJM
C Access the latest and
back editions. Copies are
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your consultants… If you
have information to
submit, contact Rod
Williams at
rod.williams@lhh.com or
212.455.8583. Thanks in
advance!
CRN SpotLight
Check out the approximately
150,000 jobs on LeadLink
and don’t forget to keep your
resume updated on Resume
Reserve. New employers
and recruiters are added and
are searching daily.
Access both on the web at:
September 26, 2007
Our next “JMC Live” features Guidance International, a
leading executive search and staffing firm that specializes
in financial services, fashion & retail, healthcare,
hospitality, and technology. Join us on Wednesday,
October 3 at 10:30AM in the Park Avenue Conference
room. Don’t forget to register…
Job Market Intel
RECRUITING WARS NYC colleges on hiring spree
Samantha Marshall
Published: September 16, 2007 - 6:59 am
The economy is cratering and the Wall Street job boom is turning into a bust, but college professors
aren't feeling the pain. Hiring in New York City's exploding education sector is at an all-time high.
After years of increased student enrollment, private and public universities are finally playing catch-
up and aggressively recruiting academics to reduce classroom sizes, replace part-time professors
and attract top-tier students. Employment growth in private educational services has grown 45% in
New York state from 1990 to 2005, according to the U.S. Bureau of Labor Statistics. At the same
time, the number of higher-education workers increased by about 30,000 to 90,000.
"We've gone from a buyer's market to a seller's market," says Abe Lachman, president of the
Commission on Independent Colleges and Universities. "There's been a sizable step-up of full-time
faculty in all sectors."
The college hiring trend is nationwide, but New York City, which has become the top destination in
the country for students around the nation, is seeing the sharpest growth.
Raiding from universities in other states has become so prevalent that last week the University of
California, Berkeley announced a $113 million grant for faculty endowments. After suffering a series
of departures to New York City colleges, Berkeley is setting aside this money to sweeten the pot for
professors and keep them from leaving.
"The pool is not that deep, particularly in specialized areas, and everybody is raiding everyone else,"
says Julia Upton, R.S.M., provost of St. John's University, which hired 62 faculty members this
academic year, almost double the number of hires in 2005.
CUNY is biggest recruiter
CUNY is undergoing arguably the largest recruitment drive, with about 800 faculty hires this year.
Efforts to replace adjunct professors with full-time faculty are a big reason for the hiring spree. CUNY
is also making systemwide improvements to the academic standards of its colleges and seeking
higher-profile professors.
The renaissance at CUNY's John Jay College was a big draw for Peter Romaniuk, a recently hired
assistant professor of political science and an expert on global terrorism, who was lured away from
Brown University. The location, in the heart of Manhattan, was another draw. "Being in New York City
doesn't hurt," he says.
But it doesn't always help. The costs of recruiting and relocating academics and their families are
high, and even large schools don't have endowments that easily cover the price tag of a move to
New York. The biggest hurdle is housing. Often universities subsidize rents or give housing stipends
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 www.lhhcrn.com.
Blue Steps
We have negotiated a 20%
discounted rate for LHH clients
with Blue Steps the executive
search web site owned and
operated by the AESC
(Association of Executive
Search Consultants) which is
their professional organization
made up of over 200 of the top
executive search firms. See
your consultant for details.
AESC has around 200
member search firms, with
around 4000 consultants
around the world.
to new professors, making hiring that much more expensive. "Housing is a huge issue for us," says
John Sexton, president of New York University.
Poaching problem
Another problem is retention. Once a college spends the money on relocation, professors are often
lured by neighboring schools with fatter endowments.
St. John's, which has 62 new faculty members this year, became a poaching victim recently. Without
the endowment to match salaries from rival schools in other states, it couldn't fend off a recent raid
by NYU. The larger university, in efforts to increase its minority hiring, poached an African-American
professor from St. John's education department.
"For the most part, I try not to get involved in a bidding war," says Ms. Upton.
Stephen Freedman, Fordham's new senior vice president and chief academic officer, who is in
charge of hiring, among other duties, moved here from Spokane, Wash., six weeks ago. His personal
experience with the sticker shock of relocating to New York brought home the need to fatten the
endowment for academic positions so the university can remain competitive. One of 90 new hires
this year, he plans to grow the school's faculty by about 20% a year.
"We need to, because we're only going to face more recruitment pressure in the next five to 10
years," he says.
Universities won't disclose salary information because they're worried about poaching, but
particularly for law and business professors, pay can compare with corporate compensation and
reach well into the six figures, sources say.
But it takes more than financial incentives to lure academics here. NYU is engaging in what its
president, John Sexton, describes as "cluster hiring" and helping high-profile academics in areas like
math and science put together dream teams for their departments. The strategy is paying off. So far,
NYU has hired more than 150 of 250 full-time professors as part of a five-year hiring plan for the
Faculty of Arts and Sciences. "The people we are trying to recruit understand the value of being part
of a webbed team with a common enterprise," he says.
COOPERATIVE EFFORT
To make the city even more attractive to academics from out of town, New York area universities
came together to form the Metro New York/Southern Connecticut Higher Education Recruitment
Consortium in February. The group's Web site, www.mnyscherc.org, advertises job openings at
all the campuses around town so that professors' spouses, who are often also academics, can find
jobs in the city. It's one of the rare instances of cooperation among the schools when it comes to
attracting academic talent to the region.
Credit-crisis firings spread on Wall St.
Aaron Elstein
Two months into the credit crunch of 2007, a barrage of pink slips is appearing on Wall Street as the
crisis spreads from mortgage-related units into mainstream businesses such as mergers and debt
offerings.
Only weeks after financial-sector employment in the city hit levels not seen since the technology-
stock bubble, investment banks have switched into firing mode and have halted most job searches.
Bankers in structured finance and mortgages will be hit the hardest: A third of all staffers could be
sacked in coming months as securities firms pare expenses to match the rapid decline in revenues.
"The question is, who is not laying off people?" says Gustavo Dolfino, president of The WhiteRock
Group, a Manhattan-based executive search firm that specializes in financial services.
Lehman Brothers is leading the retreat. Last month, it closed its subprime mortgage unit--California-
based BNC Mortgage--and laid off more than 2,000 employees, most of whom were based outside of
the city. Bear Stearns has eliminated 240 mortgage-related posts, and CIT Group recently said it
would cut 550 such positions.
Job losses are beginning to show up locally as well. In August, Royal Bank of Scotland sacked seven
New York staffers in its collateralized debt obligation business. Meanwhile, the co-heads of credit
trading at Citigroup were let go amid a reorganization of the unit.
Even support staffers in stable areas, such as information technology, are feeling the pinch. UBS let
go about 200 back-office employees in its wealth management division in Weehawken, N.J., shortly
before Labor Day, a spokesman confirms.
The toll is likely to mount quickly. Standard & Poor's warned recently that investment banks' revenues
could well be halved in the second half of this year.
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Issuance of new debt instruments of all sorts fell by a third over the summer, with J.P. Morgan Chase
and Bank of America posting especially steep drops of more than 50%, according to research firm
Dealogic.
In particular, junk bond sales practically fell off a cliff, with volumes dropping 77% in August. That
same month, issuance of subprime mortgage-related securities tumbled 92%.
10,000 job losses?
As a result, at least 10,000 Wall Streeters of all stripes could lose their jobs by year's end, according
to estimates from Manhattan recruiting and consulting firm Options Group.
"The people who run the investment banks are taking hard looks, and if they decide a particular
business isn't coming back, they won't waste time before letting people go," says Raphael Soifer,
chairman of Soifer Consulting and a former securities industry analyst at Brown Brothers Harriman.
Meanwhile, firms including UBS, Merrill Lynch, Lehman and Deutsche Bank have all greatly scaled
back their searches for new employees.
"The firms we work with are shutting down work and calling off searches, and doing so across the
board," says Rik Kopelan, managing partner at recruiting firm Capstone Partnership.
A spokesman at UBS says the bank is "carefully looking at how we fill currently vacant positions" and
has recently instituted "more rigorous approval requirements."
A Merrill spokeswoman declined to comment.
Officials at Lehman and Deutsche Bank didn't respond to a request for comment.
Years of big gains
The cutbacks follow years of gains for Wall Street. Investment banks expanded their head count by
an average of 17% in the past 12 months, according to Bank of America research. Lehman and Bear
Stearns both increased staff by more than 20%. Deutsche Bank grew its staff rolls by 26%.
After the implosion of the tech bubble, Wall Street slashed 33,000 jobs in the city within a year,
according to the Securities Industry and Financial Markets Association. The extent of the cuts this
time will depend on how quickly the credit markets can recover.
2 FINANCIAL HOT SPOTS
Securities firms may be cutting back on hiring, but hedge funds and private equity firms continue to
add staffers, though the total numbers are relatively small.
"The management fees and the fact that investor money is locked up--sometimes for years--means
these firms are less exposed to the market's ups and downs," says Adam Zoia, who is managing
partner at recruiting firm Glocap Search.
Another bright spot: China.
"If you speak three words of Mandarin and two words of Cantonese and have some connection to
mainland China CFOs and a financial services background, you can write your own ticket," points out
recruiter Gustavo Dolfino. "The major investment banks are going to be doing a lot of hiring in Asia."

JMC Job Search Tips (Simple Things pt 61…)

Mixed Signals
One of the truest and most ironic statements ever put forth is, “The only thing that’s
constant is change” which is based on Greek philosopher, Heraclitus’ “Nothing endures but
change”. This is especially applicable in the world of job search. Companies are
constantly revising, evolving, modifying their plans in every facet of business including
staffing. Therefore even though there may be mixed signals in the ether about some of
your target companies regarding hiring because of other information about their plans to
reorganize, restructure, right-size, divest, or whatever flavor of spin-word being used at the
moment; if you’ve identified the right position for you inside that organization, there’s no
reason to abandon your efforts to secure it. Just take a step back, re-evaluate your info,
and proceed with caution…

3
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And More New
York City Career Fair

Date: October 11th, 2007

Location:
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Time: 10 am - 3 pm

Employers: Diversity Recruitment Services | Post Jobs

4
 Career Expos > Fall '07 > New York

New York

10/18/2007

10:00a.m. - 2:00p.m.
The Manhattan Center
311 West 34th Street
Between 8th & 9th Aves
New York, NY 10001

Important Details

Free Admission

Register On-Site

Resumes Required for Admittance

Business Attire Required

Networking Events (free / low cost events that may interest you)

The "C" Network

"Surviving Corporate America"; Tuesdays, 1 p.m.; people of various professions are brought together
to debate how to break through the elements for finding work; paid preregistration required; call for
locations and further information.
Fees: $12
100 Park Avenue, New York, New York 10017
Sponsor information
The "C" Network
Contact: TheCnetwrk@aol.com, 718/263-3501

Useful Web Sites

Here are a few free online locations that could prove helpful (if you know of other new or
unique sites forward them to me at rod.williams@lhh.com)
www.worldwit.org. 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

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posted on the searchable WorldWIT's Hire Ground website
http://newyorkcity.employmentguide.com/ bills itself as a portal for entry-level or a mid-management
positions. EmploymentGuide.com 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.
http://www.janplace.com/ a site for those seeking opportunities in publishing, licensing, children’s &
family media, entertainment, interactive media, and related areas
http://www.gadball.com 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.
http://www.JobsOnWallStreet.com bills itself as the leading financial services online job board
http://www.efinancialcareers.com/ bank jobs, finance jobs, recruitment in the financial markets,
accounting and investment banking
http://newyork.craigslist.org/ 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.
http://www.worklife.com/ Worklife.com 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.
www.ComputerJobs.com Recruiting Trends reports that ComputerJobs.com, 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 ComputerJobs.com Community," also offers employers resume keyword
searches, and job seekers the ability to search for high tech jobs on www.ComputerJobs.com.
http://www.teamworkonline.com/ 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!
www.WomenSportsJobs.com 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
http://www.job-hunt.org/ a terrific informational resource for job seekers
http://www.hightechny.com/ NY Labor Bureau site for IT employment (thanks Jay Colan)
http://www.ithotjobs.com/ bills itself as “ITHotJobs.com 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.”
http://www.jobcircle.com/ JobCircle.com 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.
http://www.dogpile.com great search site that uses Google, Yahoo, Ask Jeeves, About, Look Smart,
Overture, and FindWhat (talk about powerful!)
http://www.allretailjobs.com/ the name says it all

Free web sites continued…

http://www.nj.com/jobs/quicksearch/ links to job postings for 11 New Jersey newspapers including
the statewide Star-Ledger
http://www.chiefmonster.com a Monster.com site for Senior Executives
http://www.6figurejobs.com lists executive Jobs
http://www.ceoupdate.com lists non-profit executive level jobs
http://www.execsearches.com lists non-profit executive level jobs

6
http://www.bigfivetalent.com lists Big Five Jobs
http://www.employment911.com/asp/index.asp 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-
Jobs.com, Hotjobs.com, American Jobs, Infoworks USA, America's Employers, JobBank USA,
America's Job Bank, Job Pilot USA, Bakos Group, MarketingJobs.com, Career Avenue,
Monster.com, Best Jobs USA, NationJob Network, Career Builder, Net-Temps.com, Career Mosaic,
Perot Systems, Career.com, Prohire.com, Career Magazine, Recruiters Online Network, Career
Web, Select Jobs.com, Computerjobs.com, Softwarejobs.com, Computerwork.com, The Job
Resource, Crosswalk.com, Top Echelon, Dice.com, TopStartups.com, Employment 911, US Careers
Resource Center, Headhunter.net, Westech Virtual Job Fair. Offers some pay services but quite
effective without them.
http://seeker.dice.com/profman/searchEngineMarketing.jsp?rel_code=100 more tech jobs
http://www.guru.com/pro/professionals.cfm?tc=20010&kw=job%20search%20web%20 site helps you
find IT, creative, business and office/admin projects all on one website!
http://www.e-careercenter.com/ &
http://www.job.com/index.cfm?us=164&AID=6944408&PID=1225587 2 sites for posting resumes and
searching jobs

Fee Based Sites:

http://www.bluesteps.com Association of Executive Search Consultants (AESC) resume database.
LHH has a discounted rate (See your consultant)
www.theladders.com Based in New York City, TheLadders.com, 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 www.theladders.com 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,
TheLadders.com operates TheLadders for Recruiters, enabling them to easily post and manage job
openings.
http://www.executivesonly.com lists executive jobs
http://www.netshare.com lists executive jobs
http://www.execunet.com lists executive jobs
http://www.executive.computerjobs.com lists executive technical jobs
http://www.vicepresidentjobs.com a resume posting site

Entrepreneurial Sites:
http://www.startupzone.com employment
http://www.topstartups.com employment
http://www.garage.com lists tech ventures and employment
http://www.fastcompany.com online version of magazine
http://www.vfinance.com funding for entrepreneurs
http://www.vcbuzz.com venture capital info

Non-Profit Sites:
http://www.philanthropy.com non-profit info and employment
http://www.nonprofits.org/ non-profit info
http://www.chronicle.com higher education info and employment
http://www.guidestar.org/ national database of non profits

Executive Job Listings in the Not-for-Profit Sector Advertised openings:

7
http://www.ceoupdate.com lists non-profit executive level jobs
http://www.execsearches.com lists non-profit executive level jobs
www.fdncenter.org/pnd/jobs
www.idealist.org

Search firm listed openings:

www.howe-lewis.com
www.drgnyc.com
www.pogsearch.com
www.imsearch.com
www.auerbach-assc.com
www.slesingermanagement.com
www.explorecompany.com

Media Resources
Please update by sending additional resources/corrections to jay.colan@LHH.com news and
trends:
television/print/music/interactive/digital/telecom/advertising
http://www.mediabistro.com/ -- Media Bistro: media industry networking and informational site.
Includes, news, advice, events listings, job boards, and discussion groups.
http://www.iwantmedia.com/– daily round up of media and industry news; extensive links to
other, related publications and sites.
http://www.poynter.org/medianews– Jim Romenesko’s media news: news, trends, extensive
links to other news and media related sites.
http://www.mediachannel.org/ -- Media Channel: global media news, issue guides, educational
aides.
http://www.mediaweek.com/ -- Media Week: online media news magazine.
http://www.insidemedia.com/
http://www.media.guardian.co.uk/ -- The Guardian online specialized media site.
http://www.eweek.com/– eWeek online version: media and new media news and resources
http://www.media-news.com/– Media news site, segmented by industry.
http://www.internews.org/– Internews: promoting free and open media on a global scale.
http://www.broadbandweek.com/– Broadband Week online version.
http://www.telecomcareers.net/– TelecomCareers.net: career resources, etc.
http://www.catv.org/-- CATV Cyberlab: news, resources for cable, broadband, and new media;
extensive list of links.
http://www.cabletoday.com/index.html– Bigpipe.com: cable news, resources, extensive links.
http://www.emonline.com/index.html– Electronic Media online version.
http://www.dmnews.com/cgi-bin/index.cgi– DM News: online direct marketing news.
http://www.headlinespot.com/-- comprehensive news site: news, extensive links
http://www.tvinsite.com/broadcastingcable/index.asp?layout=webzine– Broadcasting Cable
online: news for broadcast and cable industries.
http://www.cableworld.com/– Cableworld online version: cable and broadband news
http://www.minonline.com/index.html—Min magazine: media business resources

television/print/music/interactive/digital/telecom/advertising (cont’d)
www.paidcontent.org focus on "the economics of content"
8
 http://www.212nyc.org/ - interactive focus
www.mediapost.com
www.inanet.com for designers and art directors
www.cynopsis.com - daily briefing for broadcasting and cable, with job postings for NY and LA
Digital Music News (site/publication?)
www.nyctechwire.com
Inside Radio (site/publication?)
www.adage.com Advertising Age site
http://www.poynter.org/ - Web Tips – tracks U.S. TV
www.entertainmentcareers.net
www.rightmedia.com
www.venturewire.com – v.c. focus?
www.variety.com Variety - entertainment focus –including job links
This Week in Technology
British Academy of Film and Television Artists
http://www.digitalmusic2006.com/ - digital music forum
www.worldscreen.com Int’l News on programming /content that inevitably includes notes on
many NY companies
www.lightreading.com technology news with many notes on content deployments
www.digitalmedia.com – conference listings are searchable to obtain contact info for speakers
Multi-Channel News – publication?/site?
www.fierce.com – mobile media including wireless, IPTV and mobile media
BillBoard – music publication
www.journalismjobs.com
associations:
http://www.catm.com/-- Cable & Telecommunications Association for Marketing: library,
research, job bank, etc.
http://www.ncta.com/index.cfm– National Cable & Telecommunications Association: industry
news, legislative information, career resources, etc.
http://www.cthra.com/indopps.html– Cable and Telecommunications Human Resources
Association: job opportunities and career related links
http://www.aaaa.org/news/related_assoc.html– American Association of Advertising Agencies:
related industry links.
http://www.nynma.org/– New York New Media Association:
http://www.cabletvadbureau.com/– Cabletelevision Advertising Bureau: news, research, links,
career information.
http://www.ctpaa.org/– Cable Television Public Affairs Association
http://www.wict.org/main.cfm– Women in Cable & Telecommunications: resources and links
dedicated to improving the standing of women in the cable industry.
http://www.interactivehq.org/ -- Association for Interactive Marketing: research, education,
events, networking.
www.americanbusinessmedia.com – association of business media companies
www.namme.org – National Association of Minority Media Executives
Magazine Publishers Association (MPA)
Online Publishers Association (ironically I don’t have the URL)
theory and scholarship:
http://www.ctheory.com/– CTheory: current scholarship on cultural, media, and critical theory
http://www.theory.org.uk/– media and social/cultural theory focusing on pop culture
http://www.utexas.edu/coc/journalism/SOURCE/j363/keywords.html– quick resources to major
leaders in mass communication studies

9
 www.release1.0.com – Esther Dyson publication on v.c. and new technologies
Edventures – same on Ester Dyson
other resources:
http://www.hbscny.org/upcoming_events.htm - 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
www.current.org – resource on NPR?
www.voice123 – voiceovers
One World? – cable advertising?
Promo magazine and Events Marketer for event marketing people
Provided by Jay Colan and the generous, spirited people who participated in the NY Media and Entertainment
networking group in January and February of 2007.

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Job Lead Sampler (For many more check LeadLink)

Senior Computer Operator, Publishers Clearing House
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Quality Assurance Coordinator, Publishers Clearing House
Senior Manager Print Purchasing, Publishers Clearing House
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Senior Manager, Partner Sales, Publishers Clearing House
Temporary P/T Associate Buyer, Publishers Clearing House
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10
Temporary Quality Control Assistant, Publishers Clearing House
Controller, Corcoran Group, $110 - $125,000. + Bonus
Manager Email Marketing, Publishers Clearing House
Application Portfolio Mgr, Ernst & Young, LLP
Systems Implementation Mgr for Web Channels, Ernst &
Young, LLP
Documentation Portfolio Mgr, Ernst & Young, LLP
Director, Marketing Communications - IBD, Matthews &
Stephens Associates
Project Director, Marketing Management, Matthews &
Stephens Associates
Chief Program Officer, Teach for America, Korn/Ferry Int'l.
Human Resources Assistant, Summit Security Services,
Inc.

11