HK
Sector: Graduates & Internships
A short guide to trial numerical tests
If you’re applying to work in an investment bank, you’ve probably already encountered the numerical test. Most banks use these tests as an initial filter to eliminate inappropriate candidates; they’re important: if you don’t do well, your application will be dumped. It’s therefore in your interest to excel. And in order to excel you ought [...]
When talent’s short and (getting) expensive, mainland banks shop overseas
Bankers in China are in a rather enviable position, especially those with at least a decade’s worth of experience under their belt. And a growing number of mainland roles are opening up for Mandarin speakers from other Asia countries. Bankers in China are now increasingly calling the shots when it comes to compensation. Kensy Sy, [...]
Banks tell headhunters to find more female execs, while Nomura, Morgan Stanley, RBS and Citi appoint women to senior roles in Asia
We all know that female bankers at the top of the food chain aren’t all that common. A recent poll in Financial News found that less than 5 per cent of senior executives in investment banks are women. In Asia, however, a string of senior appointments and requests to recruiters to select more women for [...]
The curse of the donut-bonus banker: Unloved at home; unwanted anywhere else
Got no bonus or just a sad month’s worth? If that’s not bad enough, here’s rubbing more salt into your wounds: other banks aren’t likely to hire you anytime soon. With salary levels on the rise, bonus structures have changed. Under-performing bankers often get zero bonuses, unlike previous years where they would at least pick [...]
Multiple offer madness: Five ways to cope if several banks want to hire you
Are you so irresistible that not one, but three, banks are hotly pursuing you? While it’s nice to be wanted, multiple offers can also be a minefield. Here’s our low-down on how to cope. 1) Think, hard Or in other words, why do you want to move? Ambika Sinha, manager, IT, Morgan McKinley, says: “Evaluate [...]
Four reasons why you may want to join a Malaysian bank
Three Malaysian banks have hard-hitting expansion plans in Singapore this year. According to a recent report in Singapore’s Straits Times, RHB plans to boost its headcount in 2011 with at least 80 more staff – including relationship managers, sales and credit-approval personnel, as well as compliance and risk managers. It’s a similar story at CIMB, [...]
Never let a recruiter intimidate you into declining a counter offer
If you accept a counteroffer, you will be eviscerating your career all over the pavement. Your boss will remember your intention to leave and will quietly despise you. Your colleagues will be made aware of your intended treachery; you will be hated. If you receive an offer of employment somewhere else, tell your current boss [...]
Are bankers in Asia becoming too costly for banks?
Up, up and away. That’s the steady chorus from different banks as staff compensation climbs in Asia. Last month, HSBC’s full-year earnings fell short of analysts’ estimates as increased staff expenses outpaced revenue growth, according to Bloomberg. We also reported on how Standard Chartered’s staff costs rose by 17 per cent last year compared with [...]
Graduates: Don’t back off the back office
After a series of nerve wracking interviews and screenings, you have finally landed a graduate role in the back office of a top-tier global bank in Asia. But you’re unsure if this is what you want to do, or how promising a vocation it will be. And one key question remains: will I be able [...]
GUEST COMMENT: Getting a graduate job in Hong Kong
Want to work front office (IBD/S&T) in a leading global investment bank in Hong Kong? Be prepared, the whole process is very different and it may feel much more difficult since you are not familiar with the procedure. But really, it comes down to the basics, applying early and preparing well. Only students from big [...]
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