Only seven banking job ads pass muster

For the last nine weeks, as an experiment, Banking Day has examined eFinancial Career's daily banking job ad flow featured daily in this newsletter. Rather than run a random sample at the end of each day's edition, we've read many of the ads and sampled the art.

A few themes stand out.

On only seven occasions, from in excess of 200 jobs, did advertisers have the courtesy to include the likely level of pay in the ad.

Those seven ads were for a Commercial Lending Specialist, Fixed Income Sales Vice Presidents, a Senior Associate in Structured Finance, Investment Banking, Corporate Development Analyst and a Relationship Manager. All were in Sydney.

In four of the ads mentioning salary, A$100,000 was the level mentioned, while the investment bank spots came with an offer of $200,000.

This is a common approach. Only ten of the first 100 (of 370) banking jobs advertised by Hays at their job board yesterday mentioned the rate of pay.

ANZ is the most common (and indeed dominant) advertiser on eFC, with Commonwealth Bank a distant second among advertisers willing to be clear to prospects who they may work for.

NAB and Westpac have broken cover as employers only a handful of times.

UBS and Lend Lease are two others willing to make themselves known.

Otherwise, employers are giving those engaged in job search precious little idea of who they would be working for.