Tech workers are just as unhappy as bankers — they just don’t whine as much
Each year, more and more top graduates choose Silicon Valley over Wall Street. The pay is becoming more competitive and the hours aren’t nearly as brutal, they say. Logic would then dictate that...
View ArticleSix signs you have to quit your banking job in the next six months
Your bonus is (probably) in the bank. Should you stay? Should you go? Are you still ‘learning in your job’? Are you still climbing the corporate edifice? How can you determine, quickly, easily and with...
View ArticleBanks clampdown on loophole that allows contractors to pay just 10% tax
Some might say that banks have been slow to clampdown, but offshore umbrella companies – still used by hundreds of contractors in the City to allow them to take home up to 90% of their income – are set...
View ArticleClik here to view.
Crispin Odey is having some issues with his £140k hen house
Remember Crispin Odey’s special hen house? Back in September 2012, the colonaded construction caused outrage when it emerged that Odey was building an edifice better suited to the local squire than...
View ArticleTop consulting firms win pay race in a walk
When it comes to pay in management consulting, it’s the big three and then everyone else. Compensation for McKinsey and Co., Bain & Co. and Boston Consulting Group dwarfed that of competitors in...
View ArticleBig banks it Asia make surprise confession: “We’re not cutting back on agency...
As recruitment starts to pick up in Asia, banks are finding that their in-house hiring teams are too lean to meet the rising demand for new staff. Having spent the best part of six years since the...
View ArticleFitness, naps and meditation: The science of becoming a better fund manager
To gentlemen portfolio managers like Neil Woodford, Richard Woolnough and Anthony Bolton – who are magnets for client assets and earn millions a year – or hot shot (ex)-hedge fund traders like Greg...
View ArticleHow to get a job on Wall Street without rich parents and an Ivy League education
I landed my first banking job in 1995 after 104 rejections. That opportunity gave me a chance to work on Wall Street, which was all I wanted – or needed. In my nearly 20 years in the industry, I have...
View ArticleThe disquiet at Deutsche goes much deeper than coming FICC layoffs
Deutsche Bank is making redundancies. The German bank hasn’t officially commented about the layoffs (and declined to comment for this article), but is expected to dismiss 500 investment bankers over...
View ArticleHow bankers’ children are stopping bankers shifting to jobs in Hong Kong
The children of senior bankers are hampering their parents’ plans to relocate to Hong Kong. When global banks in Hong Kong want to hire or transfer overseas-based candidates who have children, a...
View ArticleMorning Coffee: Daughter of $100m finance exec produces haunting list of...
So you thought banking had become a nicer place to work following all those well-publicized efforts to reduce young bankers’ working hours? How wrong you were. As widely predicted by everyone with any...
View ArticleEx-Clive Capital CIO wunderkind joins Moore Capital Management
Moore Capital has hired Tristan Almada, the 28-year-old former co-CIO of Taurosso Capital, the in-house hedge fund of now-defunct commodity fund Clive Capital. Louis Bacon’s $12.1bn hedge fund seems to...
View ArticleWhat we’ve learned recently about top-level pay in the insurance industry
Guess what? Insurance companies are big payers. Stephen Hester isn’t the only UK-based insurance professional making big money. The Prudential’s Richard Woolnough earns more ($29m) than the bosses of...
View ArticleClik here to view.
Meet the new ‘insider trader’ gently mocking the City
Is there anything the financial sector fears more than ‘insiders’ giving away all its trade secrets? The demise of the book deal for @GSElevator’s John Lefevre was gleefully celebrated by the bank’s...
View ArticleSix things JPMorgan’s results communicate about banking jobs this Easter
It’s JPMorgan (JPM) results day. As ever, the U.S. bank is the first to report. It’s first quarter dashboard is here. If you’re disinclined to scrutinize the presentations and reports, this is what you...
View ArticleClik here to view.
Adrenaline junkie now offering Goldman bankers lessons on risk
Remember Felix Baumgartner? He’s the guy who jumped 24 miles to earth from space in return for a lot of sponsorship from Red Bull. Known as ‘Fearless Felix’, his previous acts of bravery included...
View ArticleCareer Crunch: When to quit your banking job, how to avoid being rejected by...
Spiralling high frequency trading pay, advice on how to move on after five years in the same firm and other top stories you may have missed on eFinancialCareers over the past seven days. Six signs you...
View ArticleNine wonderful ways that Chinese banks try to retain staff
Mainland Chinese and local Hong Kong banks have been expanding in Hong Kong for several years, picking up talent as Western banks made redundancies and cut back recruitment. But with some global...
View ArticleMorning Coffee: Citi joins FICC cull as Jamie Dimon says just a blip. How to...
Like Deutsche Bank, Citigroup is cutting jobs on the trading floor. The Wall Street Journal reports that the US bank has recently cut 200-300 jobs from its global markets business. After a difficult...
View ArticleThe 11 highest paid accounting in finance jobs globally
So you want to become an accountant working in banking and financial services? With around five years’ experience in accounting in finance, where in the world can you find the highest paid jobs and...
View Article