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Tag: Investment bank
An illuminating Q&A with an ex-Goldman Sachs quant from Russia, who warns: think before you go into banking
How do you get hired by Goldman Sachs? How do you get a transfer from Goldman Sachs’ Moscow to its London office? What gets you noticed during job interviews? An ex-Goldman employee who’s worked in Moscow and in London offers his advice – and a warning. Q: How did you get hired by Goldman? While [...]
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’ [...]
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 [...]
GUEST COMMENT: It’s time to get realistic and apply for the job in the back office
Let’s face it: banking has lost its shine. Under the searing heat of the sovereign debt crisis, bonus pools have become puddles and we are all at risk of redundancy. Throw in the constant banker-baiting in the press and it’s hard to see where the appeal lies. It’s curious therefore, that so many young people [...]
GUEST COMMENT: Investment banks switching to retail banking is an experiment doomed to failure
Much of the focus in Bahrain this year has been on the fall out from the ‘Arab Spring’ uprising and the subsequent damage to the kingdom’s financial services industry. However, I have noticed a disturbing (yet low key) trend; failed investment banks are transmogrifying into retail banks. This does not exactly bode well for the [...]
Results at EFG Hermes and Shuaa Capital show the sad state of investment banking in MENA
Shuaa Capital and EFG Hermes are two of the largest investment banks in the Middle East and their Q3 results are indicative of the sad state of the sector in the region – tumbling revenues, redundancies and ongoing cost cutting. In the first nine months of 2011, revenues within EFG Hermes’ investment bank has declined [...]
Investment bankers are moving to wealth management, private bankers are moving to private equity
Investment bankers in the Middle East are facing job cuts and, with a lack of new roles in the sector, they should be considering their options. One of these options is a switch across to wealth management – something people are doing with increasing frequency. Meanwhile, top private bankers – who have no shortage of [...]
Even if you lose your job, the best option currently may be to stay in the Gulf
If you’re working in an international bank in the Gulf it’s looking pretty grim. Senior bankers are being pulled back to other regions, teams are being cut or entire divisions are being closed down. However, despite this, the best decision currently could be to stay in the Middle East. This may seem like a slightly [...]
GUEST COMMENT: If you’ve lost your job in the Middle East financial sector, it’s your own fault
Losing your job is one of the most traumatic experiences people can go through, but if you’ve been made redundant in the Middle East financial sector over the last two years, let me spell out one home truth for you – it’s your own fault. Most people feel a deep sense of shock and despair. [...]
LETTER FROM DUBAI: The gloomy mutterings from underneath the Ramadan curtains
It’s that time of year again, when the Dubai International Financial Centre (DIFC) resembles a tent city built to accommodate thousands of refugees. Giant curtains have been strung across the entrances to the cafes and restaurants, to shield those people who are observing the daytime fast of Ramadan from the sight of those who are [...]
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