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Last week, the CEBR predicted bonuses will fall 48%. This week, a renowned pay consultant says they’ll riseAlan Johnson, the Wall Street pay consultant who works with numerous Wall Street banks, and Credit Suisse has produced his first set of bonus predictions for 2012. Given his exposure to actual banks, you’d think Johnson knows what he’s talking about. This is good, because he thinks bonuses will increase in 2012. Johnson thinks FICC professionals [...] |
Q&A: JPMorgan’s Asia Pac CTO says JPMorgan is hiring 100 technologists in Singapore and that people like working there so much that only 3% leave
The unspoken nightmare faced by non-EU nationals working in the City of London today
Lunchtime Links: Pay for Carlyle’s Limited Partners fell 68% in the first quarter; SocGen declined to grant voluntary redundancy to 70% of its applicants
Goldman’s global head of growth markets succinctly explains how investment bankers can ensure they’re never without work in future
Q&A: The head of Hymans Robertson in Edinburgh explains what it takes to become an actuary
You need to show you can adapt to change if you want to impress Martin Potter, head of the Edinburgh office of independent actuarial consultancy Hymans Robertson. Potter, who came to Hymans via a stint in Trinidad, set up the Edinburgh office in 2009 and interviewed most of the 40 people it now employs. Hymans [...]
Are banks giving preferential treatment to female technologists?
The shortage of senior females in banking technology roles is well-documented and, across the IT sector, their numbers appear to be dwindling. In the financial sector, however, firms are taking an under-the-radar approach to bolstering the ranks of women. Our own figures suggest that there are currently women comprise just 19% of candidates working in [...]
GUEST COMMENT: Here’s how product controllers can escape investment banking
In the mid- late 2000’s product control was typically seen as the entry point into investment banking for most qualified accountants. It was usually viewed as a springboard for a career in finance or sometimes, more optimistically, as a stepping stone to a trading position. Those that stuck with it could eventually make VP or [...]
Heads of recruitment at investment banks and fund managers give their verdicts on pay and hiring for 2012
This morning we held our quarterly roundtable in London for heads of recruitment at financial services firms. Numerous investment banks’ heads of recruitment were present. So were some fund managers’. The event was confidential, so we’re not at liberty to disclose who exactly was there, nor what was discussed on a bank-specific basis. Generically, however, [...]
Lunchtime Links: Pity Ina Drew – she may simply have been politically outfoxed
Ina Drew’s departure was reportedly a tearful affair. She’d worked at JPMorgan for 30 years, kept her head down, and – until April – been widely admired. We’ve already looked at Ina Drew’s profile in the eyes of her former HR managers. Now Bloomberg has spoken to some of Drew’s former bosses and investment colleagues [...]
How to ensure your CV is read by the robots
Recruiters report that due to the overwhelming supply of talent today, desperate job seekers are flooding every position—but that 50% or more of applicants are unqualified for the position to which they are applying. To save companies time and money, the hiring process has been almost entirely automated. Most large firms will now use software [...]
JPMorgan London is said to be an immensely political place to work. However, its people are not going to leave
What with the alleged paranoia about bonuses at JPMorgan falling 50%, you might think its London staff would be queuing up to leave. You would be mistaken. In the current environment, most headhunters say JPMorgan’s woes will make absolutely no difference to its staff turnover. “There’s so little poaching going on, that – to be [...]
GUEST COMMENT: CFA – never again…
You remember that scene in I-Robot where Will Smith chases “Sonny the killer robot” into a warehouse of 1,000 look-alike robots waiting in rows? You do? You now understand the vista at London’s Excel centre on CFA exam day. To continue this metaphor, you might recall that the 1,000 “ordinary robots” were mindless automatons, with [...]
BTG Pactual: A bank that’s hiring and that increased compensation 74% y-on-y in the first quarter
BTG Pactual’s first quarter results came out on Friday. They tell a happy tale. Revenues were not merely up, they were exponentially up. Sales and trading revenues rose 169% year-on-year in the first quarter. In ‘principal investments’ (AKA prop trading), they were up 303%. Overall, BTG’s revenues rose 96% in Q1. Only investment banking, down [...]
Late Lunchtime Links: Three places that are hiring now. Three areas where hiring is hot
Financial News thinks there will be more redundancies later this year. Editor Ben Wright says the lack of staff attrition is to blame. Wright has spoken to the head of European capital markets at: “one large bank”, who says his firm budgeted for an attrition rate of 8% but the actual attrition rate is 0%. [...]
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