Who is hiring in banks, hedge funds, fintech and crypto

Hi! Dan DeFrancesco in NYC and I wonder why anyone would spend $1000 for some dirty water from a theme park ride.

In print, we’ve got stories about how much you can expect to get paid at a venture capital firm, high-profile executives backing Thrive Capital, and some grocery shopping tips if you’re on a health kick.

But first, who is hiring?

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1. Just do it.

The new year is an opportunity to do a bit of a career evaluation: Am I happy in my job? Can I make more money? Do I want to change industry?

For many on Wall Street, these questions are at the top of their minds. Whether you were affected by layoffs, disappointed with your year-end bonus, or just feeling uneasy about your job security, there’s a lot of soul-searching in finance these days.

Insider’s finance team sought more than a dozen recruiters to get a handle on the job market. From investment banks to hedge funds to fintechs, here’s who’s hiring and who’s at risk of more cuts.

But for those of you who are unhappy where you are, some unsolicited advice:

Just go for it.

Take a job with a competitor. Switch to another team internally. Go to a startup. Leave the economy entirely.

Whatever “it” is when it comes to your career, stop putting it off.

Why wait for the ax to fall? It’s better to die on your feet than live on your knees, as the saying goes.

If you work in finance, you probably also have a nice nest egg (unless you went a little too hard at the Surf Lodge this summer), which gives you a bit of a cushion to take chances.

Finance is all about risk management, so maybe you’re worried that your new career move will fail. It’s a possibility, but it’s not the end of the world.

Last year, when the wheels came off the crypto bus, I spoke to a source about people reconsidering moving out of traditional finance to get into crypto. Wouldn’t it be hard for them to come back? Hadn’t they burned a bridge?

No, not at all, the source told me. Showing a willingness to take a chance on yourself and go somewhere else showed the type of drive and leadership they valued, this person said.

So take the chance! Ask your boss to switch to the new, exciting team. Finally, get that startup idea you’ve been thinking about. Or maybe even apply to be on a cute reality dating show.

Whatever “it” is, just do it.

Thank you for coming to my TED Talk.

Click here to read more about the employment landscape across Wall Street, from banks to hedge funds and fintechs.

In other news:

2. Top VCs from it other California city. It may not be Silicon Valley, but it still has its fair share of investors. Insider surveyed more than 75 Los Angeles-based investors to identify the best VCs in the city. Check out our list of the 32 most important VCs in the City of Angels.

3. Gen Z: Show me the MONEY! Recent and prospective US graduates want to know how much a job pays before they even apply, according to a recent survey. More on why you should be ready to spill the beans if you’re interested in young talent.

4. Thrive Capital manages with a little help from its (powerful) friends. Josh Kushner’s venture capital firm took a minority investment from some of the biggest names in the business, including Walt Disney CEO Robert Iger and KKR co-founder Henry Kravis, according to The Wall Street Journal. The deal will make Kushner richer than his brother’s father-in-law, Donald Trump, Bloomberg calculates. Here’s who else just endorsed Thrive.

5. How much VCs pay. From investor relations to biz dev to comms, here’s the typical salary range for a variety of roles and seniority levels, according to a recent survey. In summary, these people can afford to buy a lot of Patagonia vests. Check the salary data yourself.

6. Lazard will be in the startup game. The boutique investment bank has created a team based in Los Angeles and Austin to focus on US startups, the Financial Times reports. More about the company’s plans here.

7. Sorry in advance if you own a home in these cities. Goldman Sachs determined that these four American cities have house prices falling by more than 25% this year. Here’s who’s set to get silly.

8. The New York Stock Exchange had quite a big opening. An apparent glitch in the exchange’s opening auction sent some high-profile stocks such as Walmart, AT&T and Wells Fargo swinging widely before trading was halted, Bloomberg reports. More about the fiasco here.

9. Prepare for a hike. We have a list of the best and worst US airlines, according to The Wall Street Journal. To be honest, I was shocked at where JetBlue ranked. Here is the full list.

10. Everything you need to get from Trader Joe’s. I will forever be a disciple of Mr. Joe so it only seems right to pass this information on. First, we have the best things to buy from Trader Joe’s, according to people who shop there. And if you’re on a health kick, here are 15 things a personal trainer loves to buy for the family of five.

Curated by Dan DeFrancesco in New York. Feedback or tips? Email [email protected], tweet @dandefrancesco, or connect on LinkedIn. Edited by Jeffrey Cane (tweet @jeffrey_cane) in New York and Hallam Bullock (tweet @hallam_bullock) in London.