Morning Coffee: Does DBS need to hire 107 new bankers?
DBS is aiming to grow its private banking assets by 40% to US$100bn in less than three years, according to the firm’s head of wealth management, Tan Su Shan. In making the announcement at the Reuters...
View ArticleWhy you shouldn’t bother putting CFA Levels I or II on your resume in Asia
It’s more popular than even to sit the CFA exams in Singapore, Hong Kong and China, but if you’re looking for a finance job in those markets, passing one or two of the qualification’s three levels...
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Where to earn bigger money in the Big Four
Compared to investment banking, salaries in accounting are low. While front office investment bankers in their 30s are earning over £200k ($310k) on average, front office accountants of a similar age...
View ArticleHow soon before you become an MD in investment banking?
How long does it really take before you become a managing director (MD) in investment banking? And does your level of education make much difference to the speed of your promotion? In theory, it should...
View ArticleLloyd Blankfein says students have the wrong idea about getting into Goldman...
If you thought getting into Goldman Sachs was all about excellent grades and excessive numbers of internships, you were wrong. When Goldman’s filtering through its 267,000 annual applications and...
View ArticleSenior banker warns against the perils of working overseas
So you think you want to travel the world in your banking job? One ex-managing director who’s done the global rounds has one word for you: don’t. Speaking off the record, he said his time overseas...
View ArticleMorning Coffee: Will JPM, HSBC and Citi come after Deutsche staff in Asia?
Deutsche Bank’s fixed income and foreign exchange employees in Asia could be among the losers as new CEO John Cryan potentially looks to cut some of the capital-intensive businesses championed by...
View Article11 steps for achieving remarkable results when emailing recruiters
If you want to move jobs in the near future, it makes sense to start reaching out to recruiters in your field right now, even if they are not currently advertising any relevant roles. You want to be on...
View ArticleRBS has been quietly hiring all sorts of senior fixed income professionals
For a bank with an uncertain future, RBS has been doing a lot of hiring. In the past two months alone, the Financial Conduct Authority (FCA) Register suggests it’s recruited six new fixed income...
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The real reason women don’t do financial services
Where are all the senior women in banking? At Goldman Sachs and Morgan Stanley, it’s typical for fewer than 20% of managing director (MD) promotions to involve women. At Nomura, women only account for...
View ArticleMy finance friends have been having issues with their mojos
When you think of ‘mojo’, you might think of the urban dictionary meaning of ‘sex appeal or talent’. The Oxford dictionary definition is actually ‘a charm or magic talisman’, but in the world of...
View Article15 ways you’ll screw up your banking internship
Ask any bank how many of their summer analysts they ‘convert’ into full time hires and they’ll almost always say, “as many as possible.” Even so, anything from 30% to 50% of a summer analyst class...
View Article10 of the most interesting interns turning up at Goldman Sachs, JPM, MS and...
Investment banking interns are go. They are elite and they are determined. At Goldman Sachs, the interns are so keen that they are reportedly being forced to leave the office at night. We’ve already...
View ArticleMorning Coffee: Another reason to quit investment banking in Hong Kong
If M&A bankers at investment banks in Greater China needed another motivation to move into the corporate sector, they now have one: the pay gap is narrowing. “There is a clear trend towards bankers...
View Article10 tips to make recruiters chase you with brand new banking jobs
You want a new banking job but you’re tired of constantly sending your CV to different recruiters each time you spot a vacancy. You’d prefer recruiters to contact you as soon as they receive a new role...
View ArticleWidespread exits from BNP Paribas CIB before redundancies hit
Back in 2012, BNP Paribas confidently told its investment bankers that it wouldn’t be making any more redundancies. CEO Jean-Laurent Bonnafé said the bank had no intention of augmenting the 1,400...
View ArticleGoldman Sachs isn’t the only bank with restrictions on interns’ working hours
Goldman Sachs is limiting interns’ working hours. It’s not the only one. Deutsche Bank has also implemented rules governing the number of hours its interns work during both the week and at weekends....
View Article‘Money addicted’ ex-BofA trader is writing a book about his experiences
It’s become a proper carer path: spend five to ten years in banking, leave, write a book. Greg Smith did it at Goldman Sachs. John Lefevre did it at Citigroup. Now, Sam Polk is doing it for BofA,...
View ArticleMorning Coffee: Singapore banks forced to beef up staff training
Banking for small and medium-sized enterprises (SMEs) may not be the most glamorous part of the finance sector, but it’s one where banks in Asia are both recruiting more new staff and training up...
View ArticleHong Kong vs Singapore: Which is best for front-office banking jobs?
Hong Kong and Singapore are long-time rivals as global financial centres, but Hong Kong is by far the place to be based if you want a front-office job. We’ve trawled through our jobs database for...
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