Morning Coffee: UK banker-bashing-bonus-tax, redux. How to lure top bankers...
Remember the ‘bonus tax’? Between December 2009 and April 2010, Britain’s Labour government introduced a 50% tax (paid by employers) on bonuses above £25k. If a Labour government is elected in 2015,...
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Where in the world are bonuses are highest? The answer is not what you think
Which global financial services centre should you situate yourself in if you work in banking and want to earn a big bonus? Surprisingly perhaps, the eFinancialCareers 2013 bonus survey suggests the...
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Where you will find the most ungrateful bankers in the world…
Investment bankers in the UK received the biggest average uplift in their bonus payments globally this year, but were still grumbling about being underpaid. Hong Kong-based financial services...
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Last huzzah in the City as UK banking bonuses rise 30% in 2013
One of the most surprising findings of this year’s eFinancialCareers global bonus survey is the dramatic increase in the average UK bonus between 2012 and 2013. In 2012, our survey suggested that the...
View ArticleThe warped psychology of the underpaid investment banker
Bonuses are a funny thing. While it’s mostly about the money, there’s plenty of ego riding on that check, too. Bankers are being judged through a dollar sign and a bunch of zeros that hold both literal...
View Article22 financial services firms that will hire you in the second quarter
We’re moving into the second quarter. Needless to say, this is the time of year when people in banking traditionally swap jobs after being paid a bonus. If you’re in this situation, or if you want to...
View ArticleThe rise of the investment banker ‘thriller’
The golden rule of writing fiction is stick to what you know. For financial services professionals with a taste for creative writing, this invariably means hanging a plot around a stressed investment...
View ArticleStar bankers win bonus season at the expense of colleagues
US bankers took home an average bonus that falls roughly in line with what they were paid over the previous five years, according to a new eFinancialCareers survey. Yet, while the average incentivised...
View ArticleCubist Systematic and other stupidly named hedge funds of the world
Remember the hedge fund name generator? The site has generated so many hits that it’s attracting advertising from JPMorgan, among others. Steve Cohen does not seem to have consulted it when renaming...
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Fifteen powerful Russia-focused bankers you should probably know
The Russian investment banking market isn’t what it was: banks have scaled back their ambitions and repatriated staff to London. But there are still some powerful men and women you need to know if you...
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Bankers in Asia most likely to change jobs post-bonuses in 2014
Bankers in Hong Kong and Singapore are now clamouring to change companies after pocketing their bonuses, egged on by skill shortages, vacancies at expansionist Asian banks and an underlying cultural of...
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The bankers’ dilemma: moving jobs won’t achieve a higher bonus. Nor will a...
Post-bonus job-hopping is fuelled by investment bankers feeling short-changed and looking for a bigger package elsewhere. However, switching jobs doesn’t automatically equate to a bigger bonus, and nor...
View ArticleMorning Coffee: Time to preemptively escape Deutsche Bank and Barclays’ FICC...
If you work in fixed income for Barclays or Deutsche Bank and you receive a better job offer, you may want to do some serious weighing-up. As we noted last week, fixed income sales and trading hasn’t...
View ArticleEight ways to avoid walking into a terrible career move
For the first time in over three years, the job market for financial services professionals is looking healthy and many people, who would often have endured more work without a commensurate increase in...
View ArticleCiti suddenly fills neglected job left unoccupied for five whole years
Things are looking up in M&A. Despite some dubious comments from senior M&A bankers to the effect that the M&A recovery isn’t really upon us yet, Dealogic reported on Monday that...
View ArticleSenior partner of Deutsche Bank ‘super-start-up’ hedge fund retires and goes...
A senior partner at Arrowgrass Capital Partners, the $4.5bn hedge fund spun out of Deutsche Bank by a team of traders during the financial crisis in 2008, has retired to return to academia. Chris...
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Ex-Goldman trader presents cushion-heavy photographic montage of ‘Playboy...
How can you spot a playboy? Ex-Goldman Sachs trader-turned trader-trainer Anton Kreil seems to suggest that a leading indicator is a collection of strategically placed cushions. Kreil is running a...
View ArticleThe best MBA programs for a high-paying job on Wall Street
If you want a near-guaranteed job out of business school – and you want that job to be on Wall Street – Harvard and Stanford shouldn’t be your top choices, despite the fact that they yet again topped...
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10 things you need to know about banks’ performance in the first quarter, by...
Morgan Stanley’s banking analysts have released some new reports on the state of the financial services industry in the first quarter. We alluded to them earlier in our suggestion that things aren’t...
View ArticleMorning Coffee: Why B of A is the place to be in fixed income trading. Bob...
Is Bank of America shaping up as the place to be if you work in fixed income sales and trading? The U.S. bank has increased salaries for risk takers by 20% in London and its global markets business was...
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