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The Junior: The mouthwatering opportunities outside of banking that potentially await you after two years grunt work as an analystInvestment banking analysts who have worked for two to three years typically have rosy futures in front of them. Even for those who choose not to become an associate in a bank, there are many options to pursue. Their IB experience, especially if it’s at a tier-one firm, is coveted by employers outside of banking. [...] |
Daily Dispatches: Singaporean finance professionals get a leg up; Formula One’s IPO takes flight
Why being approved for a banking job is a tedious, tortuous process (and why this may not be a such a bad thing)
The Runaway MBA: Choosing between Singapore and Hong Kong is overwhelmingly complicated
Investor protests aside, here’s another very persuasive argument against generous banker pay
Daily Dispatches: Experienced bankers wanted at Coutts
Coutts is keen on recruiting senior directors in Asia, Middle East, UK, Eastern Europe and Switzerland. The firm has ramped up headcount in this area by a third since January this year. It’s also hired about 20 new senior executives, with about another 10 starting work soon. The bulk of the hires hail from Credit [...]
10 tips for getting hired when nobody seems to be hiring
For anyone who has been searching for a financial job for more than a few weeks, the dreary and continued drain on time, effort, energy and spirit make it sometimes difficult to stay with it. You begin to wonder if you’ll ever get a job. Is anyone even hiring? To break the spell, there are [...]
Lessons on the dark art of CV manipulation from former Yahoo CEO Scott Thompson
Here’s a career lesson that you can take from Scott Thompson, Yahoo’s former chief executive of less than six months – never lie on your CV. It’s unethical and could spell career suicide if you get found out.Unfortunately, Thompson learnt this the hard way. First, he claimed to be unaware of a non-existent computer science [...]
Daily Dispatches: Rich Americans are being given the cold shoulder in Asia
HSBC, Deutsche Bank, Bank of Singapore and DBS have all turned away wealthy American clients ahead of the “draconian” Foreign Account Tax Compliance Act. Tan Su Shan, head of private banking at DBS, says: “I don’t open US accounts, period.” (Bloomberg Businessweek) “Japan’s mega-banks have lumbered off their home territory to pick up some of [...]
Expats bid farewell to top jobs at the big four audit firms in China
Talent localisation in China has been given a boost with the recent regulatory changes announced by the Ministry of Finance last week. By the end of this year, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers – which operate as joint ventures on the mainland – have to hand over control of their operations to their [...]
Daily Dispatches: Suitors galore for BofA’s private banking assets; Credit Suisse loses top banker to Temasek
The Royal Bank of Canada, Credit Suisse and Julius Baer are all keen on buying Bank of America’s non-US wealth management business.(Reuters) The global head of Credit Suisse’s mergers business, Boon Sim, has left to head up the North American operations of Singapore-based investment firm Temasek Holdings. (The Wall Street Journal) The new owner of [...]
Goldman’s global head of growth markets succinctly explains how investment bankers can ensure they’re never without work in future
Goldman Sachs has been making videos and placing them on YouTube. They don’t appear particularly popular: some only have a handful of hits. Some appear to have none at all. However, this one, featuring J. Michael Evans, its global head of ‘Growth Markets’, deserves some attention. In it, J. Michael volunteers a perspective on what [...]
Being a boss of 2,000: Stewart Carmichael, MD and CTO, investment bank, Asia Pacific, J.P. Morgan, discusses retention, his career challenges and life as a “gypsy”
Q: Was banking what you always envisioned yourself doing? No it wasn’t, I originally joined a technology firm because I was looking to leverage on the education I had in computer science. Twenty five years ago, there wasn’t as much awareness of financial services, which is much more mainstream now. I worked for a couple [...]
Daily Dispatches: ANZ readies for massive Chinese growth; Macquarie cuts fixed-income jobs in Singapore
ANZ will be pumping A$300m into China – growing its current six branches to 20 in the next five to 10 years. Australia’s third largest lender isn’t the only one with growth ambitions, DBS and HSBC are also looking to expand on the mainland. (Bloomberg) Macquarie Group has shed six positions in its Asia fixed-income [...]
Ask the expert: Put your CFA questions to Neil Govier, 7city’s Singapore MD
We are speaking to financial training firm 7city’s managing director for Singapore, Neil Govier, later this month. But before we go, we’d like you to tell us your most pressing questions about the CFA, so we can ask them on your behalf. Whether this relates to the sort of career opportunities the qualification opens you [...]
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