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Posts by Sarah Butcher
Paranoia stalks Credit Suisse’s investment bank
While Citigroup’s 11,000 dramatic redundancies are making the headlines, a more insidious form of job reduction seems to be taking place at Credit Suisse. The Swiss bank is in the process of implementing the additional $1.1bn of cost savings it announced in October and is cutting jobs in the process. Some of these cuts have […]
4 financial services firms which you not be aware of, but which offer graduate training
It’s not all about big banks. There are plenty of other fish in the graduate hiring sea – they may not be as big, as prestigious, or hire as many people, but because they’re not very well known, they may also offer a better ratio of applications to graduate places. After all, the large investment […]
These are some of the front office jobs that can’t appear to be filled quickly now
It’s that time of year: the fourth quarter – when front office hiring managers take a rest and redundant bankers realise they may be out of the market until Valentine’s Day. With this in mind, we’ve had a look at the front office jobs that banks are still advertising on their own websites now. Believe […]
Our bonus expectations survey reveals two classes of investment bank employee: the unreasonable optimist and the leaden pessimist
Results to our bonus expectations survey are out. 830 people responded. The respondents worked in the front, middle or back office of financial services firms in London. Despite clear indications that this will not be a great year in terms of pay, a lot of people are still looking forward to their bonuses with excitement. […]
Business by business, here’s where the highest percentage of Continental Europeans work in the City
Theresa May has struck again. In May, she suggested that she might like to impose restrictions on the number people from elsewhere in the European Union who can work in the UK. At the weekend, she reiterated her idea. And this time she appears to have the backing of David Cameron – who says he […]
The European Union’s new proposal could reduce bonuses by 70%. People should tentatively welcome being paid in debt, however
As we noted yesterday, the European Union’s High Level Expert Group has issued a new advisory report, commonly known as the Liikanen report. This report famously contains various ring-fencing proposals which could be detrimental to capital-heavy fixed income trading businesses at European banks (take note Deutsche, BNP Paribas and SocGen). It also contains a well-flagged suggestion […]
Out of work? Happen to have an accounting qualification? You are desperately wanted here
Investment banks’ appetite for product controllers isn’t what it was. Where, once, investment banks would hoover up many tens of fresh ACAs, finance recruiters say they’re now hoovering up a handful. Where, once, banks would bid heavily for fresh product controllers, pay is now festering. Where, once, product controllers could move into the front office, Kweku Adoboli has – in […]
This is how many graduates various different banks inform us they’re hiring for 2012/2013
Unfortunately, our information isn’t infallible. Nor is it necessarily entirely comparable, but we’ll let you know what we’ve been told. As part of our 2013-2013 Careers in Financial Markets Guide (unfortunately we only have the 2012 edition online for the moment), banks were asked to inform us how many graduate hires they plan to make […]
Standard Life Investments is strengthening in equities and may need to replace recent leavers
A potential good sign if you’re an equities fund manager: Standard Life Investments is strengthening its equities team. Investment Europe reports that Standard Life has appointed a new head of global equities, Mikhail Zverev as part of the build and that it’s rehired Wesley McCoy, a former UK retail and institutional high alpha manager at SLI […]
What does it take to get hired at JPMorgan? Meet this year’s analyst class in London
As a follow-up to yesterday’s look at the analyst class at Bank of America Merrill Lynch, today we bring you a sample of this year’s hires at JPMorgan. There are a few things to note. Firstly, they are almost all very international – JPMorgan doesn’t seem to be looking for parochial hires from British university. […]
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