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Posts by Sarah Butcher
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 [...]
Nomura confirms it: M&A and capital markets businesses are just not very profitable. Macquarie pays head of risk twice head of M&A
If you work in M&A or capital markets (collectively known as IBD), you may be a loss leader. Don’t, therefore, expect to get paid anything like your colleagues in sales and trading roles. There have always been suspicions that M&A bankers aren’t great for the bottom line (RBS’s don’t appear to have been profitable, for [...]
Activities for the purpose of turning on recruiters in tough markets
You want a new job. As we noted on this morning, the first and hardest step nowadays appears to be putting yourself out there. The dynamic has changed. It’s not like it used to be: you won’t get a guarantee; you may be leaving a lot of stock. Assuming you do apply for a job and [...]
JPMorgan’s analysts have produced another report full of essential information for anyone with a career in global banking. This is what it says
Intermittently, the banking team at JPMorgan will produce an exceptional report on the state of the industry. They did it in November and they did it in February.They’ve just done it again. Their report is huge, at 232 pages. This is what you need to know. 1. Revenues are stagnating. FICC is still crucial. M&A [...]
Who exactly is Greg Smith? How much could he have earned? Why did he write that letter? And does this mean Goldman will be paying far bigger stock bonuses in future?
Greg Smith is the new folk hero. The executive director of Goldman’s ‘US EMEA equity derivatives business’ is being lauded as honest, courageous and a role model for students after printing his resignation letter in the New York Times and claiming the firm has become interested in nothing more than making money for itself, regardless of [...]
What it’s honestly like to be a junior M&A banker, as explained by a junior M&A banker’s girlfriend
As part of its excellent series on careers in financial services, the Guardian has spoken to the girlfriend of someone who has recently become an analyst (ie. Junior banker in M&A). Needless to say, their life together has changed substantially. She seems more perplexed than annoyed, but her insights are fairly spot on. If you’re [...]
These questions will help determine whether you’d ever be good enough to work at Google
“We live in an age of desperation. Never in living memory has the competition for job openings been more intense. Never have job interviews been tougher.” So says William Poundstone, author of the book, ‘Are you Smart Enough to Work at Google.’ If you work in, or have worked in, investment banking, you may consider [...]
Lessons for keeping your job: You do NOT want to be working for a bank’s hobby business
Piyush Gupta, chief executive officer of Singaporean bank DBS coined the phrase. Thanks to a lot of ill-thought out expansion under his predecessors, DBS had ended up with a lot of, “hobby businesses,” he explained when the bank announced its results this week. At DBS, these were especially in the UK, the US and the Middle [...]
An interview with Robert Walters, chief executive of Robert Walters
What will 2012 hold for financial services hiring? Is RBS a precursor for disaster elsewhere? Will hiring in Asia really go the way of hiring in Europe? We asked Robert Walters, chief executive of the eponymous recruitment firm. This is what he said: Q: Is 2012 going to be a bad year for financial services [...]
Jon Moulton’s favourite interview questions, and how to answer them
Jon Moulton has told us what he likes to ask candidates in interviews. If you are ever in an interview with Jon and you have read this article, you will therefore be at a substantial advantage. For those of you who have not heard of Jon, he is a very well known private equity investor [...]
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