The senior specialist banking career in high demand in Singapore and Hong Kong
While stable senior careers in Asian investment banking are increasingly hard to come by – as we noted yesterday, banks are keener to hire juniors – financial institutions group (FIG) jobs are a...
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Morning Coffee: Is it worth burning out for less than £100k? Retail bankers...
Fancy doing a financial services job which is booming, where you’ll find work easily and will probably become more important with time? Fancy doing that same job when you’ll earn a fraction of front-...
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Where in the world do senior investment bankers earn more? It’s not where you...
Could it be – senior investment bankers in Frankfurt earn more than those in London? Yes, but only very marginally, according to new research released this morning. Emolument, the real-time salary data...
View ArticleSeasoned investment bankers impart wisdom to incoming analysts
Analysts will shortly be joining investment banks’ training programmes across the world, wet behind the ears, but nonetheless brimming with confidence from beating hundreds of other applicants to the...
View ArticleGoldman’s tertiary business is starting to make some noise
Goldman Sachs surprised most analysts with its second quarter earnings report. The bank survived an overall decline in trading revenue – 10% in fixed income and 13% in equities – with a rather...
View ArticleHSBC follows Barclays, RBS and cuts contractor rates by 10%
HSBC has become the latest bank to impose a unilateral 10% rate cut on its contractors, sparking anger among its temporary staff who have had their pay squeezed in recent years. The bank informed its...
View ArticleMorgan Stanley demonstrates the art of getting more out of staff while paying...
Pin it on James Gorman’s consulting background, or maybe Morgan Stanley is practising what it preaches, but the bank’s securities division has posted another impressive quarter, headcount across the...
View ArticleBank of America Merrill Lynch’s head of leverage finance quits
David Ross, head of European leveraged finance capital markets at Bank of America Merrill Lynch, has resigned from the bank less than four months after a shake-up at the top of the division. Ross left...
View ArticleThe raw, funny truth about being a trader in the US, Europe and Asia
What are the actual differences between traders in different locales? What do they really do when the markets are crawling? For a behind-the-scenes (and hilarious) look, we turned to Wall Street...
View ArticleThe tricky but glamorous career change making a comeback in Asian banking
The practice was rife before the financial crisis and now it’s making a (more muted) return: private banks in Singapore are dealing with talent shortages by hiring relationship managers from the lower...
View ArticleMorning Coffee: Goldman Sachs? Or Morgan Stanley? The crazy patience of...
Should you work for Goldman Sachs? Or Morgan Stanley? If this question was troubling you, the past few days will have been illuminating. Yesterday was Morgan Stanley’s results day. The James Gorman-led...
View ArticleCitigroup continues to hire for commodities
Citigroup is one of the few large investment banks steadfastly continuing to build out its commodities functions while rivals scale back and has just added another significant hire in London. Giovanni...
View ArticleEton educated chocolate heir seeks job in City of London
Good connections are becoming more important when it comes to getting a job in investment banking. One senior banking analyst says banks are being distilled down to three kinds of people: people who...
View ArticleInvestment bankers and traders are no longer running the playground
In some ways, Wall Street is like high school. You’ve got the cool kids (investment bankers and traders), the average schmos (asset and wealth managers) and the nerdy crowd that gets picked on and...
View ArticleTop banker leaves UBS for HSBC. Why?
If you work in M&A, UBS isn’t a bad place to be. Yes, it’s been making a few redundancies, but along with Barclays, UBS is one of the only international investment banks led by a career M&A...
View ArticleIntern diary: I’ve only just started this banking internship and am cold...
A few weeks ago, I began my summer internship with one of the biggest wealth managers on Wall Street. I’ve had two internships previously, but so far this is proving by far the most helpful and...
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What you need to earn to be ‘happy’ in New York and other US cities
How much money do you need to make to be happy? It’s likely a question being asked by bankers in New York, traders in Chicago, money managers in Boston and San Francisco, and financial services workers...
View ArticleCareer Crunch: The reality of private equity, can you still get rich in banking?
Take a few minutes to catch up on the top stories on eFinancialCareers over the past seven days. Banking: is the lifestyle still worth it? Crazy pay packets are now much rarer in banking, so are the...
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Banker’s dilemma: “I haven’t had a pay rise for 4 years and my only...
“Can you help? I’m an American banker working in London and am wondering whether to take a new job. I’ve been doing my current director-level role for four years and am paid a salary of £170k, plus a...
View ArticleMorgan Stanley saying ‘yes’ to commodities trading
Morgan Stanley Chief Executive James Gorman had a plan: center the firm’s focus on its thriving wealth management business and wash out most areas that accompany risk. So far, the plan has worked...
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