So you still want a guaranteed bonus to change jobs on Wall Street, or in the...
Guaranteed bonuses still exist. Just look at the compensation reports of Credit Suisse or UBS: both are still paying people defined bonuses to switch employers. But guarantees are not what they were....
View ArticleMeet the bankers with the clients that banks in Singapore are now desperate...
BNP, Credit Suisse, Morgan Stanley and UBS all want to hire more private bankers in Singapore to service wealthy mainland Chinese clients. And demand for China-coverage bankers in the city state –...
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Deutsche Bank now has 2,057 investment bankers earning an average of €1m
Deutsche Bank’s investment bank is now awash with ‘material-risk-takers’ (MRTs) – employees who fall under the most onerous regulatory pay restrictions – and they’re expensive. A 124% increase in...
View ArticleWhy banking recruiters are ignoring you
Trying to speak to a finance recruiter can be a bit like communing with a teenager: they respond to messages infrequently and then only when they want something; their phones often seem to be switched...
View ArticleWoman who worked 18 hour days on Wall Street is off to Google to do the same
Ruth Porat has the capacity to work hard. When Porat was working with the Federal Reserve to help save insurer AIG in 2008 she worked through the night. As a young M&A banker at Morgan Stanley in...
View ArticleLook, Zaoui & Co. is taking on interns
M&A boutiques are the new black. Small firms set up by big bankers are winning more business, paying more money and hiring more people. Now, it’s come to our attention that one of the most...
View ArticleFive tricky job interview questions if you’re fleeing a bank that’s on the rocks
When Standard Chartered was making cuts to its consumer banking business in Shanghai last year, employees of the division flocked to job interviews at other banks before they’d even heard whether they...
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The best banks for IBD if you want to earn without over-working
Some banks will make you work longer hours than others. Some banks will pay you more than others. Some banks will work you long hours and then award you minimal compensation. These, you probably want...
View ArticleThe only people hedge funds want to hire right now
Whisper it, but hedge funds are hiring again. There’s no feeding frenzy of investment banks’ traders, but after a poor 2014 a lot of hedge funds are venturing out into the job market again. The...
View ArticleHow to get into Goldman Sachs, JPM and Credit Suisse if you haven’t worked...
Once, taking time out from a financial services job would have been a death knell for your career. Things have changed. Banks on Wall Street are now fluttering their eyelids at all sorts of people...
View ArticleThe best UK schools for working in ‘finance’
Want to work in investment banking? It helps if you have attended one of these universities? In the UK, think Oxbridge, LSE, Imperial College and other redbrick universities. If you went to university...
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These are the top banks for IBD, by sector
If you’re a banker to the food industry, now is the time to be working for Lazard and Centerview Partners. The independent investment bank and the banking boutique have got the prime spots on the epic...
View ArticleLazard’s London office hasn’t promoted any MDs since 2012. Here’s why
If you’re working for an investment bank and are unhappy with the pace at which you’re being promoted, be thankful you don’t work for Lazard in London. The UK-based business of the independent...
View ArticleBig upswing in banking recruitment as RMB goes global
Hardly a week goes by in China without some mention of the internationalization of the renminbi (RMB) — China’s currency. The internationalization of the RMB is in full swing, and this means a lot of...
View ArticleWarning: You must now be a top-10% performer to get a banking job in Hong...
Looking for a new job in the Asian banking sector? Here’s a dispiriting reality check – recruiters only want to hear from over-achievers. The traditional post-Chinese New Year hiring frenzy hasn’t...
View ArticleHow tech is helping fund managers battle the robots
Fund managers are only human, and this is a problem. While algorithms get ever-smarter, funds run by people are losing out. Quant hedge fund CEOs only too happy to emphasize this – Man Group’s Manny...
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Why SocGen and UBS contain the most talented traders
The definition of aptitude on trading desks has changed. As risk-weighted assets are slashed and risk-taking squashed, the most talented traders are no longer the ones who can make the most money....
View ArticleHow US, French, German and British bankers try to get ahead
A German banker, a French banker and an American banker walk into the the Most Successful Bank in the Universe. ‘Where is my desk’, says the German banker, taking out his GPS amidst the closely huddled...
View ArticleBank of China targets foreign expansion
Bank of China is on a march to expand its overseas business and it is London and Frankfurt that are set to benefit. Tian Guoli, chairman of Bank of China, said during its 2014 results announcement that...
View ArticleCredit Suisse seeks techie edge to boost hiring and productivity in Asia
When Credit Suisse rolled out a new online private banking platform in Asia earlier this month, it trumpeted a bevy of benefits for wealthy clients in the region. The new system, launched in Singapore...
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