Excerpted from the Germany Career Guide
The
financial services sector in Germany is centralized. Most major
German and international banks have their head offices in
Frankfurt--thus its nickname "Main-hatten." According to the
Frankfurt area chambers of commerce, the region employs fewer than
150,000 people in the banking and insurance industry. In contrast,
the financial services market in London employs more than 300,000
people.
Most German
banks have a low market capitalization and are high on the list of
potential takeover candidates for the global banking leaders.
Consequently banking employees work in a somewhat risky career
environment, with restructuring and takeovers endangering their
jobs. In 2001 and 2002, most banks went through major restructuring
resulting in the loss and relocation of many jobs (many to New York
and London).
This is just a sample of what you'll find in the complete guide.
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