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Tag: Investment Banking
Is an accounting qualification genuinely still a route into front office investment banking?
Back in the day, if you failed to get into a front office investment banking job (in this case corporate finance or equity research) as a fresh graduate, you still had options. The best one was to join a Big Four Accounting firm and to gain an ACA qualification. Thereafter, as long as you had [...]
Day in the Life: Investment banking analyst
Name: Carmen Chan Firm: UBS Title: Analyst Dept: Investment banking 7.30am – 9.00am It is always hard to describe a typical day at work because you never know when the markets or a transaction will take a sudden turn. That being said, I usually start my day around 7.30-8.00am from home. One of the first things I do is [...]
GUEST COMMENT: As a junior corporate financier I am spending my life tweaking PowerPoint presentations
Many young undergraduates harbour dreams of becoming an investment banker when they finish university, but few know what the job entails. Those who know the reality have probably done an internship in the sector, be it in ECM, DCM or M&A. Some of these people have continued to bite the bullet and become full-fledged analysts, [...]
GUEST COMMENT: What happens when your investment banking CV sends the wrong message
Mixed messages in CVs usually derive from the writer’s own mind set and that rule applies to investment bankers, fund managers, private bankers, traders of any age or nationality. From my City experience I find there are usually two mind sets which create mixed messages: Superhero and scarecrow. What are these and how can they be [...]
GUEST COMMENT: How to sidestep the sensation that you’re washed up at 45+
Financial services is often seen as a young person’s game. The cliché goes that banks suck in thousands of university graduates each year and spit out wealthy retirees in their mid-40s, or even earlier. So what happens when you lose your job at 40+? Is that it? Only if you want to it to be. [...]
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, [...]
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 [...]
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 [...]
Global restrictions on banking and bonuses – where’s it’s punitive, where it isn’t
In advance of today’s UK budget, next weekend’s G20 meeting, and the likelihood of further measures to curb banking pay and profitability, here’s a quick roundup of where we are right now in terms of global banking punitive rankings. Notably, the most worst place so far is probably Holland. However, the EU is keen on [...]
Nearly $250k to work for Goldman Sachs in Ireland?
Goldman Sachs’ Irish operation doesn’t exactly hog the limelight in the same way as its UK and US peers (particularly at the moment), but 2009 was a bumper year for the firm. It also appears to be a very lucrative place to work. Profits at Goldman Sachs Bank (Europe) Plc were $86.7m (€66.7m) in 2009, [...]
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