Morning Coffee: Retention packages at RBS? Ex-Goldman secretary advising...
Nathan Bostock is leaving RBS at an inopportune moment. The British bank’s finance director, who has only been in his role since October, is suddenly quitting for a better job (deputy chief executive)...
View ArticleBanks get all Scrooge-like on their contractors
If you are an IT contractor working in banking, you are advised to book your skiing trip now – most institutions are now rolling out a mandatory ten days’ holiday before Christmas to cut costs. This is...
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Adventures in outrageous bonus structures (Lloyds TSB edition)
Lloyds TSB has been fined £28m by the UK Financial Conduct Authority for a dubious bonus scheme. For once, it doesn’t involve investment bankers: Lloyds’ dodgy bonuses applied to sales staff working in...
View ArticleThis is how much you should earn now as a front office banker in your 20s,...
Do you work in a front office sales, trading or advisory role in an investment bank? Are you well paid? The answer is almost certainly yes if you’re comparing yourself to the average UK pay packet of...
View ArticleSeeking new opportunities: Meet the recently-unemployed SAC London staff
It’s Christmas, a time for charity and reflection. Or in the case of most investment banks, compiling a list of underperformers to oust in the new year and therefore preserve the bonus pool. But spare...
View ArticleBain’s 10 key tips for acing a consulting interview
Consulting interviews are a different breed. Following a more traditional “experience” interview, candidates are tasked with proving their ability to do the job in question: solving complex business...
View ArticleFive things every trader needs to know about the new Volcker Rule
Are you a trader in an investment bank? Do you aspire to becoming a trader in an investment bank? As we suggested last week, being a trader in a bank isn’t as exciting or highly paid as it used to be,...
View ArticleSend in your CV to be rated by investment banking graduate recruitment experts
Following last year’s hit article in which we rated a series of graduate CVs according to the likelihood that their owners would get jobs in investment banking, we’re repeating the process for...
View ArticleDaily Dispatches – Singaporeans rank foreign hires their most pressing concern
A new survey reveals that the issue of most concern to Singaporean nationals is the country’s foreign worker policies and the dominance of foreigners in industries such as banking and IT. Singapore’s...
View ArticleDubai event that promises to create thousands of finance jobs
To most of the world, the fact that Dubai won the Expo 2020 earlier this month passed with a few minor headlines. Locally, however, the emirate – and the UAE as a whole – is gearing up for a party that...
View ArticleMid-morning Coffee: Very bad news for investment bankers at JPMorgan....
If you’re a front office investment banker at JPMorgan, yesterday’s news that the bank will spend even more money on controls in 2014 can only be bad news. JPMorgan has already increased its control...
View ArticleTrader leaves Credit Suisse for Brevan Howard, comes back eight months later
Could you leave investment banking for the blood and thunder of a competitive hedge fund? And could you resist the lure of the bulge bracket if the new venture doesn’t go to plan? For Neilan Govender,...
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London: where the $$m rates trading jobs have coalesced
Rates traders are well paid. Last month, it emerged that a senior rates trader at Deutsche Bank was earning £3m a year while his junior was on £280k. Another rates trader was given a $2m settlement...
View ArticleEight reasons not to stress if you flunked your CFA exams this weekend
Last weekend was the culmination of over 300 hours of study for many students undertaking the CFA level I exam this weekend. Passing could do wonders for your career, but the success rate for level one...
View Article“Family office? I’ll tell you what it’s really like to work in a family office…”
You want to work in a family office? Good choice. Working in a family office is one of the most exciting jobs in finance. Far more exciting than working in a large investment bank where you pretty much...
View ArticleDaily Dispatches – Foreign companies losing their appeal as employers in China
After once being the employers of choice, foreign companies are being increasingly spurned by Chinese nationals in favour of domestic organisations, says the Wall Street Journal. Historically preferred...
View ArticleGuaranteed bonuses surge at investment banks in Asia
Asian investment banking revenues have been on the slide this year, as have front-office openings for juniors – but get this: supposedly cost-conscious banks in Hong Kong are ramping up their use of...
View ArticleMorning Coffee: Pay has plummeted for people working at Canary Wharf; U.S....
Should you work in Canary Wharf? Or the City of London? In the high-rise landscape of international finance? Or among the Portland-stone buildings of London- past? Architectural preferences aside, it...
View ArticleSenior equities staff seriously hopeful that someone will actually want to...
Something strange has happened in the world of equities sales and trading this year: revenues have risen by 28% in banks’ equities businesses according to analysts at Deutsche Bank, but hiring hasn’t...
View ArticleFive interesting new London finance firms that could soon be expanding
Less obvious new job opportunities can often emerge in firms that are just starting up. In the City of London, 190 firms have been given the thumbs up by the Financial Conduct Authority during the...
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