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The science of manipulating recruiters into giving you a job
If you really want a particular job and you make it through to interview stage having done your preparatory power poses, equipped with a set of sensible questions to ask and ready with some pointers on charisma, you may think you stand a good chance of getting through. Maybe so. But you could probably improve your chances of gaining […]
Man spends 30 years at one bank, suffers horribly in terms of pay
Poor Paul Tucker. After being endorsed by the Financial Times as the ideal replacement for Mervyn King as governor of the Bank of England, the deputy governor was beaten to the role by the demi-God that is Mark Carney. Now, two weeks before Carney rocks up at Threadneedle Street, Tucker has tended his resignation. He says that […]
Banker, aged 30, demonstrates the dark art of displacing boss, aged 55
You’re a 30-something banker working below a 50-something boss who has a long-established reputation as a god in his area of business. You want a promotion, but the seat above you is very clearly filled. What do you do? This appears to have been the conundrum facing the subordinate of Tony Shiret, the so-called “godfather of […]
One chart which will tell you whether you work for a top tier bank
The chart below is out today from Coalition, the banking analytics company which is a subsidiary of Standard & Poor’s. We are presenting it without comment, except to say that it appears you might want to work for J.P. Morgan, or maybe Goldman Sachs, (Due to the formatting of the site, the chart is a […]
The Safest Jobs in Banking Are At…
Assessing job security on Wall Street used to be fairly straight forward pre-crisis. You’d look at a firm’s size, revenue potential and senior leadership, and you’d get a pretty good idea about the viability of the company over the next half-decade or so. It’s not that simple anymore. As impending rules and regulations polarize markets […]
Eight excellent reasons to hang on to a job you hate
There may seem only two good reasons for hanging on in a job that has become as appealing as shoveling excrement in torrential rain: i) you need the money and ii) there are no other jobs on offer. However, if you’re feeling trapped in a job you dislike simply because it pays the bills and […]
Even a $90k MBA is no guarantee of a job in banking
A Masters of Business Administration (MBA) has always been an expensive investment – if you study at Harvard or the London Business School, you’ll need to whop out $91k and £61k respectively. If you want to get into investment banking, it may not be worth it. Investment banks are notoriously fussy about the MBA schools […]
Things headhunters can do for your career. Things they can’t
Next time a headhunter calls with a tantalizing opportunity at an unnamed bank with plans for business domination, you might want to listen. New research suggests that if you use a headhunter you’re more likely to achieve instant career progress than if you don’t. The research, involving scrutiny of an executive search firm’s database of […]
Seven ways in which banking internships are a nasty disappointment
The banking summer analyst and associate season is nearly upon us. In a few weeks’ time the lucky few will be congregating in clusters on the streets of London and Manhattan and feeling – momentarily – empowered. Thereafter, reality may sink in. Because although investment banking internships are still incredibly hard to come by (Goldman […]
UBS has been forced to do a horrible thing to its investment bankers
Something nasty has happened at UBS. As we were first to report last week, the investment bank has increased salaries for its investment bankers. In an industry with strict cost controls and volatile salaries, this can only end badly. Since the start of 2013, UBS has had a stated cost target of 65% to 80% […]
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