Company: Morgan Stanley

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Are regional Middle East investment banks starting to go global?

It’s no secret that investment banks in the Middle East are having a hard time currently. Headcount has been pared back in the international players as deal activity has dried up, but redundancies have been most prolific within the regional behemoths. A few examples of regional investment banking players that have been forced to roll [...]

Known for their resilience

Resilience: the new super-differentiator for financial services careers

Difficult times call for a different set of skills. With very good and even exceptional people finding it difficult to find new jobs or get back into the market, it’s no longer simply about being exemplary at what you do (although this is also important): it’s about having the will to keep on doing it [...]

Winners, or not

Arguably the safest banks to work for in Middle Eastern M&A and DCM

The volume of debt capital markets (DCM) deals in the Middle East has been steadily increasing for some time now, but investment banks have still largely been reluctant to increase their headcount in this area. This could change if the current surge in activity continues. In the first quarter of 2012 debt issuance in the [...]

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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’ [...]

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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 [...]

Winners, or not

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 [...]

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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 [...]

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Is it really appropriate to claim you are the most unflaggingly hard worker in the world in your application to an investment bank?

US website Business Insider has availed itself of a covering letter sent by a student at New York University to JPMorgan. The letter is part of the student’s effort to gain a place on JPMorgan’s summer intern programme. We have reproduced it for your delectation below. Notable errors: –   Referring to Morgan Stanley whilst [...]

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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 [...]

DIFC

Who hired in the Middle East in January?

For the time of year, the number of new hires announced in the Middle East financial sector was relatively modest, with a focus on wealth management or very senior recruitment. Barclays has unveiled Kersi Patel as head of trade and working capital. He joins from HSBC. Barclays Wealth has announced the appointment of Faisal Shaker [...]