How one woman escaped banking to make jam, and then came back
After a 13 year career in financial services, Deidre Critchley, senior banking services manager at Bank of America Merrill Lynch, decided to quit the City and start a jam-making enterprise. Five years...
View ArticleMeme of the moment: Quit Barclays for Nomura
If you work for Barclays and are waiting for your bonus, you have reason to feel alarmed: the bank has just announced another £330m charge for legal and regulatory costs related to the investment bank....
View ArticleThe one part of the world where investment banking is tipped to grow
Investment banks are starting to talk about expansion in the Middle East again, but it’s not in the places you might expect. While the large international firms get by with a few senior deal...
View Article‘Young Money’– timely new book details what it’s really like working on Wall...
Journalist Kevin Roose from New York Magazine has a new book out. Titled ‘Young Money.’ it follows eight (real) young bankers over the first three years of their Wall Street careers. Most of are in...
View ArticleBarclays has started its 400 job cuts today
Barclays let go an unknown number of employees within its investment bank in New York this morning, a source close to the situation told eFinancialCareers.This news comes just two days after reports...
View ArticleDaily Dispatches – White-collar expat jobs the most affected by Singapore’s...
Singapore’s efforts to boost the employment of locals is having the desired effect, with new government figures showing that growth in expat hires has slowed. Singapore’s Business Times reports that...
View ArticleMorning Coffee: These U.S. hedge funds are hiring in London. How to follow-up...
If you want to work for a hedge fund in London, then you should know that BlueCrest Capital Management is almost always hiring. So is Millennium Capital Partners. If neither BlueCrest nor Millennium...
View ArticleHow to become a top global macro trader
The life of a macro trader is, in theory, one of the wildest rides in the financial sector. While most trading roles stick to relatively rigid rules or strategies, macro hedge funds have the...
View ArticleCiti loses energy head to expanding private equity firm
A senior energy investment banker at Citigroup, Ekaterina Zotova, has left after two years to take a role at an expanding private equity company backed by Russian oligarch Mikhail Fridman’s Alfa Group....
View ArticleUpset as Bank of America’s head of EMEA rates and currencies disappears just...
Yunho Song, head of the rates and currencies business at Bank of America, is no longer with the bank. Recruiters say Song mysteriously resigned just prior to bonus time. Bank of America declined to...
View ArticleSenior bankers’ pain as pay is reallocated to aggressive juniors
At the very top of the banking industry, people are doing well. Jamie Dimon got a 74% increase in his pay this year, James Gorman got an 86% increase in his deferred stock bonus and Lloyd Blankfein has...
View ArticleSenior finance headhunter shares personal New Year’s power diet
It’s nearly February. If you have spent the entirety of January sipping green tea and abstaining from alcohol, you can recrudesce starting from tomorrow. One headhunter in London, however, spends 12...
View ArticleWould you move to Salt Lake City for a job at Goldman Sachs?
Although Goldman Sachs still pays extremely well, the New York bank aggressively ratcheted down compensation costs last year, allocating just 37% of revenue to cover employee salaries, bonuses and...
View ArticleCareer crunch: People to target at the major banks, how to stand out from the...
Missed the major stories on eFinancialCareers over the past week? Fear not – catch up with the most popular articles of the last seven days below. 100 names you need to know if you want a job at...
View ArticleDaily Dispatches – S Korea’s massive data theft sees widespread suspension of...
The recent theft of the personal data of 20 million cardholders in South Korea has prompted the government to take drastic action. Asia Insurance Review reports that the country’s financial regulator...
View ArticleMorning Coffee: 4,700 new banking jobs created in London since December?...
Are you looking for a new financial services job in London? Are you struggling to find one? That’s odd, because according to one recruitment firm nearly 5,000 new banking jobs have been created in the...
View ArticleEight skills that will get you hired in the Middle East financial sector today
A strange thing is happening to financial services headhunters and recruiters in the Middle East; for the first time in five years, clients are actively inviting them into meetings and asking them to...
View ArticleTwo real-life examples of what to expect in a Goldman Sachs case study interview
Want to work for Goldman Sachs? Wondering what you’ll encounter in your entry-level interview? We have a selection of Goldman Sachs’ graduate interview questions, here, here, and here. However, if...
View ArticleWhy investment bankers never really retire
You probably haven’t heard of Christian Brodie, but if you work in investment banking you really should have. He’s a UBS lifer, who worked at the Swiss bank for over 28 years, before retiring seemingly...
View ArticleShareholders spurring wage gap on Wall Street
Revenue at Goldman Sachs was relatively flat in 2013, yet full-year net earnings rose roughly 8%. How’d they do it? The bank slashed pay for most of its foot soldiers. The General, though, he did just...
View Article