HK
Tag: Investment Banking
GUEST COMMENT: I’m going on a sabbatical until Q1 2013
I’ve worked in banking for nearly a decade, and its pleasures are starting to wear thin. Getting up stupidly early for the joy of being paid in over-valued stock doesn’t seem like a great deal. And I’m at the stage where the politicking and Russian roulette that have despatched so many of my colleagues over [...]
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 [...]
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 [...]
A Global Industry
The diversity of roles within the financial sector is matched only by the wide range of expertise in countries across the globe. We examine the key strengths of each region. Europe, Middle East & Africa (EMEA) It’s easy to see why, despite recent wobbles, London remains the top global financial centre. It has the largest [...]
It’s tough out there: Why some employees no longer care about job offers, pay rises and bonuses
A worsening employment market and redundancies in the financial sector have transformed the expectations and behaviour of employees in Hong Kong and Singapore. Compensation was once widely seen as the biggest determining factor when moving firms, but that’s no longer the case. John Mullally, manager, financial services, Robert Walters Hong Kong, says: “The main concern [...]
The Intern: A truthful four-point insider’s guide (free from HR rhetoric) on how to clinch an elusive investment banking internship
So you want to get that coveted front-office internship in an investment bank to add glitz to your resume, not to mention the attractive internship remuneration that will pay for your semester exchange/travel in Europe or the US. After failing in many interviews (then finally clinching an internship), here are some insider tips that will [...]
Sectors Explained – Capital Markets
Before financial products are traded, they must be created. And it’s the ‘pink-collared’ bankers in the capital markets divisions of investment banks who work on the production line. Equity capital markets (ECM) bankers help companies raise money by issuing shares and related derivative products, which are sold to investors. They act as ‘underwriters’ in the [...]
Daily Dispatches: Cuts everywhere but SocGen is still looking to hire in Asia
Societe Generale is laying-off i-bank staff in the West but plans to expand private banking, corporate and investment banking operations in China, Japan and Singapore. (The Wall Street Journal) Loads of firms are announcing global cuts, here’s a round-up. (The Sydney Morning Herald) Credit Suisse shuts down its Taipei branch as the firm restructures its [...]
Daily Dispatches: Credit Suisse to defer less of its comp
All signs suggest bonuses on Wall Street will be lower this year. But on Monday, employees at Credit Suisse received some good news: less of their compensation will be deferred to future years. The firm said in a memo that staff members with total compensation of 250k Swiss francs would see any compensation above this [...]
Daily Dispatches: What downturn? There’s still loads of people working in Hong Kong’s financial sector
Despite fears of job cuts, the total number of people licensed to work in Hong Kong’s securities industry is at an all-time high of 34,868 people. (Financial Times) Nomura posts its first loss since March 2009, rival Daiwa Securities also takes a hit in trading and investment banking income. (Bloomberg) China wants to set up [...]
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