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Company: Credit Suisse
Credit Suisse’s investment bank has not made many redundancies and would like to hire. It may be paying badly
It’s Credit Suisse results day. Last time Credit Suisse reported, it had a few issues in its investment bank: the cost income ratio was 228%. In the circumstances, you might think Credit Suisse would have made a lot of investment banking redundancies. It hasn’t. Since the fourth quarter of 2011, it’s reduced headcount in the [...]
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 [...]
Business area by business area, these are the global market leaders. These are the bit players
We are continuing to mine the trove of information that is the new banking report from JPMorgan. Included within it are the following excellent tables on the expected market shares of each bank globally by product area in 2013 (note that JPMorgan itself is absent). Needless to say, the industry is dominated by a few [...]
Financial professionals from Europe, the US and Asia are suddenly interested in the GCC
Remember late 2008 when, post-Lehman’s collapse, financials services professionals were suddenly viewing the seemingly sheltered Middle East as the place to be? Well, this may be wishful thinking, but there’s now a renewed interest in the region from those in Western markets. “From a candidate perspective, the Middle East financial centres have become much more [...]
When accounting anomalies are stripped out, these are the banks – by business – that really performed in 2011
Jon Peace, an MD of banks research at Nomura, has kindly shared with us his clean figures on leading banks’ performance by business areas in 2011, with the effects of DVA stripped out. They provide a reliable indication of which banks’ businesses really outperformed in 2011 and which banks’ businesses really didn’t. There are some [...]
Everything we know so far about bonuses and deferrals, bank-by-bank – UPDATED
Here’s another update to all previous articles on the state of bonuses, cash caps and deferrals on a bank-by-bank basis this year, here’s what we know now. Feel free to email us at Editor@eFinancialCareers.com or to leave a comment if you know additional details that we don’t. Barclays Capital Cash bonus cap? Yes. BarCap is [...]
Everything we know so far about bonuses and deferrals, bank-by-bank
As a follow-up to our earlier article on the state of bonuses, cash caps and deferrals on a bank-by-bank basis this year, here’s what we know now. Feel free to email us at Editor@eFinancialCareers.com or to leave a comment if you know additional details that we don’t. Bank of America Cash bonus cap? Yes, but it [...]
Should you really go with the FT’s new MBA ranking? Or is there a better, more finance-focused alternative?
You’re thinking of doing an MBA in financial services, but where should you study? The Financial Times’ 2012 MBA ranking is out today. It ranks the top 10 global full time MBA programmes in 2012 as follows. The FT’s 2012 full time global MBA ranking: Stanford Graduate School of Business Harvard Business School University of [...]
Career stasis: when thousands and thousands of people want your job and you have few alternative options
Banking pays less than it used to. Bonuses are reputedly down 30% at Credit Suisse, down 25% at Bank of America, and down similarly elsewhere. This doesn’t mean people don’t want to be bankers. Bob Diamond clarified the extent to which university students still do yesterday, when he said: “Last year, we had applications from 107,000 [...]
Why investment bankers in the Gulf should be eyeing a move to VTB Capital
In the current climate, few firms are talking up expansion plans, which is why Russian investment bank VTB Capital’s international recruitment drive – including big plans for the Middle East – is garnering a lot of attention. Last year, VTB Capital hired 25 front office investment bankers for its overseas operation and has plans to [...]
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