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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 [...]

Europe, scourge of compensation (Photo credit: Wikipedia)

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 will be focusing on Ireland from now on

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 [...]

A much underused tool

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 [...]

Scissors

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 [...]

CFA

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, [...]

Prop trader, possibly a quant (Photo credit: Wikipedia)

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 [...]

What happens without credit control

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 [...]

Black rock in Ireland (Photo credit: Mozzercork)

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 [...]

Goldman Sachs

GUEST COMMENT: My experience of the Goldman Sachs graduate recruitment process

I recently got an offer for a summer internship at GS. Having gone through the application process at a few banks, I can say that the Goldman recruitment process is unique (caveat – I’m based in continental Europe, so they may run a different process for European students, although I don’t think so). Here are [...]