DK
GUEST COMMENT: Institutional investors are lazy, private equity investors really aren’t
I work in private equity, and I’m fed up with whingers and their half-baked comparisons of the returns we offer to those of listed stocks and index tracker funds. Their criticisms show up their own lack of insight into the buyout sector (forgivable) and basic knowledge of investing and portfolio allocation (unforgivable). The idea that [...]
GUEST COMMENT: What I wished I knew when I started as an analyst in an investment bank
Starting as a graduate in any IB is one of the most exciting yet daunting times of a young person’s life. It’s blo*dy hard work BUT can also be a lot of fun. If you want to play it right, may I strongly suggest that you: 1) DON’T SIT TOO COMFORTABLY You still have a [...]
GUEST COMMENT: Face it kid, you’re not good enough to get into PE
Yes, it is still possible to get hired into private equity with no previous buyside experience (I know, I did it not so long ago myself). Rumours of more sellside cuts make this sound pretty tempting, if you can see past the buyside cynics. However, getting a job in PE is by no means a [...]
GUEST COMMENT: Long term career management in a short term world.
Senior corporate financiers who’ve been around the block a few times can get a little misty eyed when talking about the business in Europe in the early 90s. Less competition, opportunities everywhere you looked and client relationships built on trust and quality of advice rather the commoditised, product pushing environment of today. Since then, an [...]
GUEST COMMENT: Please don’t tell me your boss is a Jerk
If you’re leaving your job, it’s likely to be because you’ve stopped enjoying the work, or that your job doesn’t offer you the future opportunities you want. Money may be a factor and as a headhunter I don’t have a problem hearing this. Money has many problems but at least it’s relatively simple as a [...]
GUEST COMMENT: Bankers want to leave and have ‘a positive impact on the world’
We recently ran a study on 1,200 city professionals that showed that 61% of them ‘don’t like their jobs’, 79% are planning on leaving within 2 years, and 69% are planning on changing their industry as well as their company. What are these City workers so keen to escape from and what would they rather [...]
GUEST COMMENT: Tried and tested methods for the avoidance of redundancy in an investment bank
Credit Suisse and Barclays have already set the ball rolling with a few layoffs, and further trauma seems likely unless something changes drastically in the next few weeks. Personally, I avoided being laid off throughout my long and illustrious career in the City. This was partly due to consistent over performance, and partly to innate [...]
GUEST COMMENT: Face it kid, you’re not good enough to get into trading
So kiddo, you fancy your chances as a trader? Maybe you’re a fresh faced grad with an analytical mind, straight out of your PhD in Astrophysics? Perhaps you’re a mathematically inclined accountant who trades CFD’s in her spare time or places the odd spread bet on the FTSE 100? Almost every week the Evening Standard [...]
GUEST COMMENT: On the unmentionable horror of returning from holiday
When I worked in the City there was nothing as appalling as the unremitting horror that I felt on the last day of my summer holiday. I’d be lying around a pool at some Ibizan finca staring into the middle distance, unable to comprehend the hideous reality that I was about to face. My sangria [...]
GUEST COMMENT: Parachuting in a star performer could be pernicious to your team
“Hiring a star resembles an organ transplant,” observed the head of research at a distinguished Wall Street investment bank. “First, the new body can reject the prized organ that operated so well inside another body…On some occasions, the new organ hurts healthy parts of the body by demanding a disproportionate blood supply…Other parts of the [...]
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