IE
Sector: Investment
An important trick for getting your CV seen
How do you get your CV seen in a market where hardly any banks are hiring and every job is attracting innumerable applications? The answer, according to banks’ in-house recruiters is simple: look for the keywords pertaining to skills and experience in the job description and repeat those words in your CV. Although heads of [...]
Does no one want to leave Irish banks?
Irish banks are making redundancies, this is no secret. However, one positive among the all this retraction was that most would be done on a voluntary basis. This is no longer guaranteed. The finance union, IBOA, is reported to have been in talks with AIB to seek some reassurance that the anticipated 2,000 redundancies will [...]
All this advisory work, and no one in Ireland to take advantage of it
One of the upsides of all the restructuring and capital raising within the Irish banking sector is the lucrative advisory fees on offer, which could potentially spur a raft of front office hiring within the local corporate finance firms. Unfortunately, though, the benefits of this are largely being felt overseas. In the last week alone, [...]
Showing a desire to stay in Ireland…on a billboard
During the height of the financial crisis in 2008, when heads were rolling in their thousands on Wall Street, experienced banker Joshua Perksy shot to fame by spending his time donning a sandwich board in Manhattan proclaiming his availability to be hired. It didn’t work. Now, in Ireland, 26-year-old marketing graduate Féilim Mac An Iomaire [...]
Irish banks are hiring graduates again
The three-year graduate recruitment hiatus within Ireland’s domestic banks is over. Well, kind of. Bank of Ireland has formally restarted its graduate programme again this year, in Dublin, Belfast and London, while we understand that AIB has been hiring under the radar for its capital markets division. BoI is still hiring grads and tells us [...]
Pay slides at Goldman Sachs’ Irish subsidiary…to just €140k
Everyone it Ireland, it seems, is feeling the pinch currently even those working for the traditionally well-paying Goldman Sachs. Still, with an average remuneration of over $202k (€140k), there are worse places to be. Goldman Sachs Bank (Europe) Plc posted a pre-tax profit of $58m for 2010, which is a 34% decline on the $86.7m [...]
Yet more reasons why Ireland is set to lose front office talent
The government’s plans to restructure the Irish banking system sends a clear message to those working in capital markets and wholesale banking roles – you’re not wanted. As a reminder, the future of Ireland’s domestic banks into a ‘two pillar’ system will comprise Bank of Ireland, which is required to shed €30bn of ‘non-core’ functions [...]
Irish banker-bashing is driving front office talent to London
By tarring all bankers with the same brush, Ireland is in danger of driving away some front office talent it can ill afford to lose. Increasing numbers of corporate financiers, traders and capital markets professionals – working in divisions of banks that have remained profitable throughout the crisis – are looking for new job opportunities [...]
GUEST COMMENT: The British government sees the sense in paying bonuses; the Irish government doesn’t
The UK has an Asset Protection Agency (UK Financial Investments Ltd), which oversees the taxpayers’ investment in the UK banks. Their role is to remove continuing uncertainty about the value of banks’ past investments, cleaning up banks’ balance sheets and providing them with greater confidence to rebuild and restructure their operations and increase lending in [...]
The 90% bonus tax lives
It’s happened. Following the furore after we divulged that AIB was planning to pay bonuses it had withheld since 2008, the Irish government has succumbed to pressure and is again planning to tax all bonuses at banks in receipt of government support at a rate of 90%. Earlier this week the Irish bonus tax proposals [...]
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