GUEST COMMENT: Things to do as soon as you find you’ve been laid off
If you’ve found yourself part of the recent round of City layoffs, or suspect you’re about to be made redundant, take heart. Although the initial shock can be difficult to deal with, it’s not that bad. From personal experience, life moves on and other opportunities exist, even in the middle of what seems to be [...]
Eight ways in which the Europe Union would like to curtail investment banking pay more heavily, soon
Despite the fact that the European Union already has the most punitive investment banking pay restrictions in the world, machinations are afoot in the European Parliament to make the restrictions even more punitive still. Yesterday, the European Banking Authority (EBA) released a large document based on a survey of the remuneration policies of banks in [...]
AIB has sprung surprise redundancies on its overseas staff
AIB’s much mooted 2,500 redundancies are happening, but for staff located outside Ireland they seem to have come as a surprise. The Telegraph reports that AIB is closing its offshore operations at AIB. Promisingly for staff in Ireland, it is apparently doing so in order to better concentrate on the Irish market. Unfortunately, the Telegraph [...]
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 [...]
Does this mean everyone will be earning less at Nama?
Headcount at Nama may be growing, but the agency is under pressure to cut pay for its staff. Earlier this week, the Independent reported that 14 out of 15 of the highest paid people at the National Treasury Management Agency, which provides staff to Nama, had received a pay cut. The people in question were [...]
GUEST COMMENT: How I passed CFA Level II only four months after passing Level I
In January 2009 I passed the CFA Level 1 qualification, using the method I elaborated for you before. This gave me around four months to prepare for CFA Level II. Needless to say, CFA Level II is hard. In fact, it is very hard. To be frank, I thought I’d failed. I was mistaken. So, [...]
A quantitative prop trader reveals all about his job
For its excellent series of banking talking heads, the Guardian has interviewed someone claiming to be a, “quantitative prop trader,” if you’re interested in working in trading, you may be interested in the fundamentals of his role – which we’ve extracted below. (Bear in mind, that the ‘Volcker Rule’ means many US investment banks have [...]
GUEST COMMENT: The rant of the disgruntled credit controller
I am an experienced credit controller who’s looking for work. It is not going well. I am being insulted by employers who are offering me a ridiculous salary for what is an incredibly important role. The employers I’ve approached have offered me a salary comparable to that I got when I first left school and [...]
Blackrock may be hiring in Dublin and here’s how to make €300k
Good news if you want to work for the world’s largest asset management firm: Blackrock is opening a new office in Dublin. Inside Ireland reported at the weekend that the firm, which has $3.5 trillion under management, plans to open a new office in Ireland soon and intimated that it will be hiring staff here. Blackrock [...]
This is how much you can earn working as a fund manager or quantitative analyst in Dublin
As a follow-up to last week’s extract from the Robert Walter’s salary survey confirming Irish fund accountants aren’t that well paid, we bring you better news about the salaries of Ireland’s fund managers, quantitative analysts and equities analysts. On one hand, they’re falling slightly. On the other, some are earning a healthy six figures. Bear in [...]
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