GF
A comprehensive salary survey that suggests investment banking salaries increased for associates and VPs in the UAE last year
It’s no secret that the past few years haven’t been great for the investment banking industry in the GCC, and 2011 was a particularly arid deal landscape. While bonuses have understandably not been large this year, base salaries have generally held up well and – in the case of associates and vice president roles – [...]
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 [...]
Six things you need to know if you want to work in Saudi now
If you’re looking for a new financial services role in the GCC this year, Saudi Arabia remains your best bet. But just how feasible is it to secure a new position? Here are six factors (both positive and negative) to bear in mind. 1) International banks are eyeing Saudi expansion, even when downsizing elsewhere in [...]
Expats are demanding 20-30% more to work in Abu Dhabi or Qatar
An increasing number of expats have slowly come to realise that not all the best financial services jobs are in Dubai, and more and more are considering options in the likes of Abu Dhabi and Qatar. However, they’re also demanding more money. It’s now possible to earn 20-30% more working in a financial services position [...]
eFinancialCareers Q&A: A Russian investment banker explains why he returned to work in Moscow, and then left again for New York
In one sense, Russia may seem like the promised land for financial services professionals: there’s a 13% tax rate and high pay. And yet, there are plenty of downsides to working in Moscow. We spoke to one Russian-born banker now working in NYC about his experiences. He asked us to keep his name anonymous. Q: [...]
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 [...]
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 [...]
Investment banking likely to be included in HSBC’s latest MENA job cuts
HSBC is cutting back its 12,000-strong MENA workforce and we understand that its investment bank is likely to be included in the cuts. Staff at the bank were informed via e-mail today that redundancies would be taking place in the Middle East as HSBC looks to strip out 30,000 jobs globally, according to a report [...]
Is working in M&A in the Middle East really so preferable to working in project finance?
Whilst M&A activity in the Middle East is suffering from the absence of stability, the same can’t easily be said for project finance. The backlog of infrastructure spending in the region arguably makes project finance a much better career bet. But, do you really want to work in project finance? M&A is all about relationships [...]
Compliance, risk and audit are the places to be for pay rises, and other key financial services salaries in the UAE
The days of large bonuses and pay rises within the Gulf financial sector are long gone, but it’s still possible to secure an increase in certain positions. Specifically, according to a new salary guide for the UAE by recruiters Robert Half, those in audit risk and compliance are in demand, which is translating into increased [...]
Follow eFinancialCareers
What is RSS?
Advice
