This is how much you earn working for the ECB
In the words of Barclays’ analysts, the European Central Bank (ECB), is “pulling all the levers.” As of today, it’s cut the refi rate by five basis points to 0%, it’s cut the depo rate by 10 basis...
View ArticleSeven top incoming interns in Singapore
Deadlines for 2016 summer internships in Singapore closed late last year and banks have now chosen the new cohorts of over-achieving students who will join them in a few months. A few public profiles...
View ArticleMorning Coffee: Ironic ending to alleged nepotism at Goldman Sachs. Mike...
Was Goldman Sachs motivated by nepotism and self-interest when, in 2010, it just happened to hire the daughter of a close ally to the Malaysian prime minister just around the time that Goldman’s...
View Article93% of investment banking staff at Deutsche earn less £100k
So you thought you could work for John Cryan’s Deutsche Bank and become rich in the style of Anshu Jain? Wrong. Deutsche Bank’s annual report for 2015 is out today, and with it comes the bank’s...
View ArticleBluecrest is hiring portfolio managers again
For a moment, we thought hedge fund Bluecrest Capital Management had stopped expanding – it’s shown nine senior ex-banking traders the door so far this year. Now, though, it’s started recruiting again....
View ArticleSix pet peeves that drive financial services HR employees up the wall
Every financial services job has its unique sources of stress and frustration, and HR is no exception. While many discount HR as merely the first hurdle of the interview process, if you’re applying to...
View ArticleHere’s how much you’ll earn (net) over a 10, 15, 20, or 25 year banking career
Can you still make money in banking? If Deutsche Bank’s remuneration report is anything to go by, the answer is yes – but only if you’re in the top 6% of earners at your employer. Deutsche Bank’s...
View ArticleThe best paid back-office operations jobs in Singapore
Are you after a back-office operations job at a bank in Singapore that is both well paid and secure? Good luck at a junior level – operations pay isn’t going up by much as some jobs are offshored to...
View ArticleHow much do U.S. investment banks really care about Asia?
Remember the aftermath of the financial crisis when US banks were earmarking Asia to help lead their global recoveries? These days – while US banks aren’t axing Asian jobs to the same extent as...
View ArticleMorning Coffee: Bonfire of the 29 year-old bankers’ bonuses, except here....
If you’re a vice president (VP) in an investment bank today, you’re supposed to be special. In the current climate of ‘juniorization’, 29 year-old VPs are supposed to be the new managing directors...
View ArticleHow to get a job at Steve Cohen’s Point72 – a conversation with their head of...
Do you want to work for Point72 Asset Management, the firm that oversees the (immense) wealth of legendary trader Steve Cohen? If you’re in London, now may be your chance. Point72, which achieved a 16%...
View ArticleThis is how likely it is you’ll be a millionaire at Barclays, Deutsche Bank,...
If you go into banking now, you should be looking for a long-term career – not a quick buck. The days of earning millions and retiring at 35 are long gone, banking is now just a (well-paid) job and...
View Article10,000 jobs are set to disappear from Wall Street this year
The Wall Street job market has stood out as a relative beacon of solidity over the past 12-to-18 months. Bonuses may have slipped by 9%, but salaries increased and total headcount increased by 4,500...
View ArticleMorgan Stanley’s guide to surviving in an investment bank until 2018 (at least)
With most banks still not meeting their costs of capital, pruning senior staff, weeding out juniors, and looking for ways to cut infrastructure costs, it’s harder than it’s ever been before to have a...
View ArticleHong Kong finance jobs where you must speak Mandarin
Mandarin is fast becoming the de facto language in Hong Kong’s financial services industry and bankers who can only speak English and/or Cantonese are being frozen out of the job market. But which...
View ArticleEight high-achieving VPs in Singapore that you need to know about
If you’re intent on reaching the upper echelons of banking in Singapore, becoming managing director is probably your ultimate goal. But it’s possible to achieve senior status and have a satisfying job...
View ArticleMorning Coffee: The 40-something bankers with indestructible careers. Best...
If you’re a 44 year-old banking professional who’s always been moderate in your habits, never dabbled in illicit substances, always been solicitous about client service and never been salaciously into...
View ArticleYou have a 4% chance of getting a job at Deloitte. This is what it takes
It’s hard to get a job at Deloitte. The Big Four professional services firm gets more than 500,0000 applications every year for experienced hires, and it only takes on 4% of those. This is obviously a...
View ArticleThe worst M&A sectors to work in for 2016
M&A banking is supposed to be an industry of long hours and exhaustion. If you’re not pitching for deals, you’re working on deals. If you’re not pitching or working on deals, you’re in asleep in...
View ArticleJefferies has let go of 500 bankers over the past year
Jefferies may be a small investment bank with big bonuses that make it difficult for their staff to leave, but it’s been showing a large proportion of employees the door over the past 12 months....
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