A check list for getting hired into a sovereign wealth fund
Sovereign wealth funds are changing their recruitment strategies. Gone are the days of big recruitment sprees, with funds in the Middle East in particular blinded by brand names and experience in...
View ArticleSAC Capital clamping down on fleeing traders
Steven Cohen has done almost everything that he can to keep top traders from jumping ship as SAC Capital is rebranded into a family office. His recent efforts include increasing bonuses and hiring a...
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Credit Suisse is actually A GREAT PAYER. And other key messages from its...
If you want to get paid working for a European investment bank, you may want to think of working for Credit Suisse and avoiding Deutsche Bank. This is the message from the Swiss bank’s 2013...
View ArticleWhy individual managers are still driving women out of investment banking
Morgan Stanley has lactation rooms for new mothers who want to, um, stockpile. Goldman Sachs offers onsite childcare in its New York and New Jersey offices, presumably so its employees can work late...
View ArticleFive questions you should always ask recruiters
Perhaps the best part of working with recruiters is the time it saves not having to unearth your own job opportunities. That said, if you don’t ask all the right questions up front, you could actually...
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A small chart explaining why people who work in private equity are so well paid
Private equity is a more desirable industry to work within than investment banking. If you work in private equity, you will get to invest rather than to just advise. You will get to ‘add value long...
View ArticleInvestment banks in Asia hiring ‘washed out’ traders for compliance roles,...
Want to work among the nouveau riche of Asian banking? You are advised to consider compliance – a role where pay rises exceed those of the front office and banks are trying to fill Asian talent...
View ArticleMorning Coffee: Goldman says it rejects 96% of applicants. Banks have hiring...
Thinking of applying for a job at Goldman Sachs? The chances are that your application will be as effective as an umbrella in a time of smog: most people who apply to Goldman Sachs are wasting their...
View ArticleTen handy hints for fitting into Goldman Sachs’ culture
Say what you like about Goldman Sachs, but it has two definite things going for it – people still want to work there and those who make it through the hallowed doors tend to like it once they’re in and...
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You have a better chance of securing a finance job in Germany than the UK...
London may be the centre of the investment banking universe in Europe, employing some 358,000 people in City-type functions, but within the EU Germany employs the most financial and professional...
View ArticleThe one thing Wall Street’s elite can’t stop talking about
Pimco founder Bill Gross, perhaps more than at any other time in his career, is on the ropes. He’s seeing billions in monthly redemptions, his hallmark Total Return bond fund was just beaten by 94% of...
View ArticleHow to have a happy home when you work in banking
A happy banking career may seem inimical to a happy life at home. People in banking work notoriously long hours. Divorce is not unheard of. Nor is addiction (nor is divorce and addiction). Nor is the...
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A good year: When bankers turn to wine
It’s 8am when I speak to John Skinner. He’s already been up for a couple of hours and started his day chasing five deer around his vineyard on a quad bike. “You have to get them off the land because...
View ArticleOne 21st century interview blunder that you must avoid
Despite all the recent stories we’ve heard of mind-numbingly bad resumes and cover letters, the biggest recruiting bombs still go off in the interview room. It’s not just rookie job seekers who are...
View ArticleCareer Crunch: Sage advice from veteran bankers, how to weed out bad recruiters
Missed out on all the news and career advice on eFinancialCareers over the past seven days? Take a moment to catch up. Invaluable advice for bankers in their 30s, from bankers in their 40s Some of the...
View ArticleBehold the banks in Asia that buy out deferred bonuses with cash guarantees
Chinese corporate and investment banks are hiring in Hong Kong and (as we noted in March) they are trying to poach front-office bankers away from global firms. But if you’re a candidate with a deferred...
View ArticleMorning Coffee: Goldman Sachs raises the bonus bar. Why high paying Hong Kong...
It will be harder to achieve a full Goldman Sachs bonus in future.- At least, this is the case if you happen to be Goldman chief executive Lloyd Blankfein. Reuters reports that Blankfein’s $6m stock...
View ArticleThis is why you need to change your banking job every five years
In the past few weeks, several long-serving, highly-settled bankers who had become part of the fabric at the firms they’d worked for moved on. Take Blythe Masters, who spent 27 years at JPMorgan before...
View ArticleProof hiring firms are biased against the longtime unemployed
People who are unemployed for long stretches of time have greater difficulty finding work – that much is obvious. But one question has always remained: is it the gap in a candidate’s resume that...
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Time for U.S. high yield professionals to come to Europe?
High yield has long been a profession dominated by Americans. Ever since Mike Milken popularized the industry in the 1980s, the U.S. junk bond market has been bigger and more heavily staffed than its...
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