How senior analysts are escaping the equity research bloodbath
The life of an investment banking equity researcher has been increasingly perilous since the financial crisis hit. Analyst numbers have halved to 9,000 since 2007, while the job itself – once...
View ArticleU.K. insurance jobs stagnating in 2014, except here…
2014 isn’t proving a great year for jobs in the UK insurance market. Research by IMAS, the finance-focused corporate finance house, shows that the number of new insurance hires registered with the...
View ArticleFinancial executive compensation takes a turn for the better
If you’re a CFO, controller or VP of finance, the job market is looking as good as it has in years. Job openings and pay for non-banking finance executives are both on the rise. The average salary for...
View Article“Burnout is like the subprime crisis – no one ever sees it coming”
‘Christine’ is a former trader-turned salesperson for a major investment bank. During the course of the financial crisis, she was exhausted by her interactions with a harsh manager. Here’s her account...
View ArticleWirehouse or insurer? It all depends what kind of salesperson you are
If you want to break into wealth management, you’ve got a few different options. You can work at a small independent brokerage firm or a large wirehouse like a Morgan Stanley and UBS. Or, as a third...
View ArticleMorning Coffee: The only 3 big investment banks to work for in 2020....
If you want to work for a large global investment bank that will still be in the game in six years’ time, which should you go for? Try Goldman Sachs, or JPMorgan, or Deutsche Bank. These three will be...
View ArticleNew RenCap MENA CEO outlines ambitious growth plans
Ahmed Badr, the newly-installed Dubai CEO and head of MENA equities at Renaissance Capital, knows a thing or two about surviving a crisis. Having joined Credit Suisse’s Middle East operation in April...
View ArticleThese are the sorts of people who are summer analysts at GS, JPM and Deutsche...
What kind of person gets to be a summer analyst (AKA ‘summer intern‘) at a top three investment bank? Evidently it’s someone a bit special – 98% of applicants for Goldman’s junior positions are...
View ArticleJPMorgan sharpening axe for investment banking cuts
The warning sounded loudly last week when trading volumes were calculated for the month of May. Market volatility was essentially non-existent – job cuts were inevitable. Morgan Stanley waited no...
View ArticleThe worst paid jobs on Wall Street and in the City of London
Everyone knows that bankers are well paid. Not everyone knows that not everyone who works in banking is a ‘banker’ and that some people spend years working on Wall Street and in the City of London and...
View ArticleThe small firm providing refuge to banks’ commodities traders
Freepoint Commodities, the trading firm set up by former RBS Sempra employees, has been providing much needed opportunities to an increasing number of professionals fleeing investment banking. Jonathan...
View ArticleThe Asian banking careers in which you are bound to be overworked
If you want a stable Asian banking career, look to job functions which remain comparatively free from front-office redundancies and back-office offshoring. Job security in Singapore and Hong Kong,...
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Morning Coffee: Resigning BNP banker gets €330k annual pay-off. Risk...
The U.S. government has has its scalp from the BNP Paribas sanctions affair. As was widely reported yesterday, Georges Chodron de Courcel, one of BNP’s chief operating officers, has resigned. De...
View ArticleA six-figure job that companies are scrambling to recruit for
At the senior end, roles can pay up to £350k and if you happen to become an expert in an emerging area, you can name your own price tag. So why are banks, Big Four accounting firms and large-cap...
View ArticleCan regulators now make personnel moves at banks?
In January, U.S. Attorney General Preet Bharara fined J.P. Morgan $1.7 billion for allegedly turning a blind eye to Bernie Madoff’s Ponzi scheme, though his office declined to press criminal charges...
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Charts confirm supremacy of investment banking pay, but there’s a problem
If you want to earn big money, you don’t want to work in asset management or retail banking. A new report from the European Banking Authority reveals that regulated investment bankers earn far more...
View ArticleThe ultimate banker guide to office diplomacy during the World Cup
Financial services firms are cosmopolitan places and while the World Cup has the potential to foster some good-natured inter-office banter, it could also – as passions rise – become an HR issue. The...
View ArticleAs an intern, when can you go home at night?
Interning on Wall Street is all about making a good impression. You want to prove you’re smart, but also hardworking and dedicated – two qualities that are absolute necessities if you want to earn a...
View ArticleThe key questions that could make or break your career in Asian corporate...
Asian corporate banking is an expanding sector in financial services right now and banks face a shortage of relationship managers who can help them win new clients. As banks try to build their RM ranks...
View ArticleMorning Coffee: Outrage of the uber-competitive ex-Goldman trader. Banks’...
35 year-old Deeb Salem is competitive. In fact, he’s more than competitive – he’s “as competitive as Michael Jordan.” Because of this. Salem doesn’t just want to win, he wants to, “steamroll the...
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