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Investment banks’ graduate interview questions – UPDATED
What will you be asked if you interview with an investment bank, either as a graduate or as an intern? We’ve updated our list of sample interview questions for you (the new entries have ‘NEW’ written alongside them). The list below has been sent to us by eFinancialCareers readers. We can’t totally verify the questions’ [...]
Morgan Stanley and Oliver Wyman have produced their annual report on the state of the investment banking industry. This is what you need to know if you want your career to last
First there was the enormous report from JPMorgan on the state of the investment banking industry. Now we have another enormous report from Morgan Stanley and Oliver Wyman, also on the state of the investment banking industry. Morgan Stanley/Oliver Wyman’s report is an update of something they produce every year (last year they gave a [...]
Goldman Sachs has banned Sunday working and has been coaching its employees on the art of happiness
If you work at Goldman Sachs, you are now absolved of the need to work on a Sunday – but only if you work at Goldman Sachs in Germany. German news site Faz.net says Goldman’s German CEO Alexander Dibelius has banned Sunday working at the bank in an effort to make it a more appealing [...]
While BarCap is capping cash bonuses at £65k, persons at Credit Suisse can earn £346k in cash this year
Where would you rather work? Somewhere at which your cash bonus will be restricted to £65k, fin d’histoire, or somewhere where you can earn £346k in clean cash? BarCap has the initial, unappealing, compensation structure. Credit Suisse has the second. BarCap’s nastiness may be somewhat mitigated by the fact that half its deferred bonuses appear [...]
GUEST COMMENT: Of course firms like Goldman Sachs and McKinsey view some clients as 2nd rate: they are
I don’t think it would surprise anyone who has worked in a client-facing area of financial services to discover that big financial services firms view some clients as “2nd rate”. The Harvard Business Review ran a piece a year ago about this phenomenon last year. Therein, it cited several McKinsey employees whose treatment of clients [...]
This very detailed compensation survey for corporate finance, equity research and sales, suggests the only place people got paid more for 2011 was…Moscow
Do you work in equity research, equity sales or corporate finance? Within corporate finance, do you work in mining and metals, oil/gas/energy/utilities, alternatives/renewables/biotech, or FIG, telecoms/media/technology, infrastructure/property/transport? Are you in a similar sector team in research? Do you want to know precisely how much you should have earned last year? Search firm BBM has some [...]
What it’s like to work in sales at an investment bank
If you’re thinking of going into a graduate job in a sales position in an investment bank when you leave university, we advise you familiarize yourself with the very detailed account of the life of an investment banking saleswoman published in the Guardian today. Here are the salient points: 1.You will have to get up [...]
Deutsche and UBS both paid their risk-taking staff exactly staff the same for 2011. Deutsche bankers are now fully incentivised to get rid of their unproductive colleagues ASAP
In theory, Deutsche Bank is an amazing payer. When you look at average compensation per head in its corporate and investment bank, it appears to pay considerably more than anywhere else. Hence, in 2011 average pay per head at Deutsche CIB was €333k ($439k). Average pay per head at Goldman (which continues to defy gravity [...]
You really don’t want to be working in the back office of a Nordic investment bank
We’ve mentioned previously that there’s an argument for some of the Nordic investment banks to start paring back headcount in the front office, but it seems that the back office is still target for the majority of cuts. Carnegie Investment Bank has told Bloomberg that it’s planning on making eight people in support functions in [...]
GUEST COMMENT: When you’re joining a new firm, be careful it’s not just someone’s trophy-lifestyle personal-fiefdom business
If you’re getting out of a big investment bank into a start up on the buyside, you might feel excited. You might feel like you’re leaving behind the stodge of corporate culture for something a little more fast-flowing and zingy. You might be disappointed. In my experience, a lot of small buyside businesses are no [...]
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