Company: Morgan Stanley
Resilience: the new super-differentiator for financial services careers
Difficult times call for a different set of skills. With very good and even exceptional people finding it difficult to find new jobs or get back into the market, it’s no longer simply about being exemplary at what you do (although this is also important): it’s about having the will to keep on doing it [...]
ELI LEDERMAN: The end of rewarding careers in finance? Not so fast
For a generation now, jobs in finance have topped the wish lists of young people at universities around the world. When word spread that financial firms would visit campus on recruiting missions, eager applicants jostled to secure coveted interview slots. Perceived as wealth-creation machines that stamped tickets to some lavish lifestyle, the global investment banks, [...]
Why BarCap’s rate cuts will produce a domino effect
Until recently, the IT contractor 10% rate cuts had largely confined to a handful of investment banks which were retrenching in the UK anyway. Now, however, BarCap’s decision to slash contractor pay could prove to be the tipping point for universal rate cuts. From 5 December, BarCap (and Barclays Wealth) will cut rates by 10% [...]
Ireland’s wealth managers should look to work for a boutique
With Ireland’s traditional mainstay of large wealth managers languishing, smaller boutique players are benefitting and grabbing a larger slice of the market. Not surprisingly, they’re becoming increasingly desirable places to work. Brewin Dolphin’s decision to spend nearly €36m on acquiring Irish wealth manager, Tilman Asset Management has created a lot of headlines, not least because [...]
Why Scotland, Ireland…and Bournemouth are increasingly desirable locations for financial technologists
With more financial services firms ‘nearshoring’ IT functions, the prospect of a move to Ireland, Scotland or even Bournemouth for technologists seems like an increasingly attractive option. Fidelity Investments has just unveiled plans to create 100 tech jobs in its Dublin and Galway offices – entry to management level positions for Java, .Net and database [...]
Rumours of a graduate exodus from Ireland may have been exaggerated
With the gloom surrounding Ireland’s banking sector, and the cancellation of their graduate programmes for the third consecutive year, it’s easy to assume the best option would be to look for opportunities overseas. However, the reality is that the vast majority of students stay close to home. In what could be construed as kicking the [...]
Bye-bye London, hello Belfast, Dublin and Glasgow
Because it’s traditionally been where the jobs (and the money) are, technologists working within investment banks have obviously gravitated towards the City. But, with more development work being ‘nearshored’, is there an argument for moving to a more provincial location? Examples of relatively highly-skilled development work being carried out beyond the confines of the square [...]
All the most salient facts regarding the stress tests
Our poll indicates that you don’t rate the European stress tests. 40% of people who’ve responded to date think they were pointless piffle; the remainder think they were too lenient to be meaningful. The markets may agree. Even though German banks came out surprisingly well, Deutsche’s share price plummeted this morning, partly thanks to its [...]
Why fixed income is now a very good place to work
With both government and corporate bond issuance surging in Ireland this year, fixed income is fast becoming an attractive place to work. What’s more, stockbroking firms are bolstering their teams in a bid to capitalise on the rush of new business. So far this year, the government has raised €23bn through treasury bonds issued by [...]
Regulation could boost Ireland’s funds industry
Ireland has ambitions to expand its role within the fund administration sector, and believes its reputation as a regulated funds centre will give it an advantage. However, jobs have yet to be created as a result. John Hamrock, a member of consultancy Kenetic’s regulatory consulting practice, says Irish fund administrators are already benefitting from a [...]
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