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The frosty outlook for the Nordic banking sector
Even when Europe’s big winter freeze finally eases, the climate for bankers (and bankers’ bonuses) is likely to remain distinctly icy this year. Full-year and Q4 2011 results from Danske Bank, SEB and DnB this week are pointing to much the same message: the next 12 months in the Nordic banking sector will be a [...]
Is it really appropriate to claim you are the most unflaggingly hard worker in the world in your application to an investment bank?
US website Business Insider has availed itself of a covering letter sent by a student at New York University to JPMorgan. The letter is part of the student’s effort to gain a place on JPMorgan’s summer intern programme. We have reproduced it for your delectation below. Notable errors: – Referring to Morgan Stanley whilst [...]
GUEST COMMENT: A simple trick that will suggest you are busy and reduce the risk of job loss
“What are you DOING? Listen, read research on your way to work in the mornings or heading home in the evenings. Or on the weekend! I don’t want you wasting your time. Right now you should be doing something to help the team get a mandate so we can get paid. Otherwise I can’t fight [...]
ELI LEDERMAN: It’s not sufficient simply to be a perfect robot if you want to make money in finance now
Back in the big banks’ glory years, clever professionals progressed up the ranks almost mechanically, like perfect robots programmed to achieve their appointed tasks. In that environment – now a forlorn memory – just pulling levers on established businesses was enough to post higher numbers every year, and if one wasn’t richly rewarded for it, [...]
There are still some opportunities for investment bankers in the Nordic region
The decisions by Nordea and Danske Bank last year to shelve 2,000 jobs apiece was initially viewed as disastrous for good reason. Banking jobs, in the front or back office, are not expected to grow in the Nordic region for next few years. As we pointed to previously, Nordea’s job cuts are largely restricted to [...]
GUEST COMMENT: This is what you’ll need for the perfect private equity CV
What should you have on your CV if you want a job in private equity? An equally valid question is what should you not have on your CV if you want a job in private equity? And that answer is too much detail: it’s not your autobiography; keep it simple, brief and relevant. You need [...]
Nordea job cuts leaving the front office unscathed – for now
Remember those iconic images of shell-shocked newly-redundant Lehman Brothers’ employees wandering about with boxes containing their worldly possessions? You’re unlikely to see similar scenes in the Nordic region, despite some large job cut announcements of late. Nordea confirmed last week that more than half of its 2,000 job cuts proposed last summer had already been [...]
GUEST COMMENT: The first 48 hours of redundancy are critical
Have you ever had a sporting injury? If so, you’ll know that taking some key actions in the first 48 hours plays a key part in minimizing damage and speeding your recovery. Whether you’ve strained a muscle, damaged some ligaments or incurred something more serious, it will help if you rest, apply ice or compression, [...]
Should you really go with the FT’s new MBA ranking? Or is there a better, more finance-focused alternative?
You’re thinking of doing an MBA in financial services, but where should you study? The Financial Times’ 2012 MBA ranking is out today. It ranks the top 10 global full time MBA programmes in 2012 as follows. The FT’s 2012 full time global MBA ranking: Stanford Graduate School of Business Harvard Business School University of [...]
GUEST COMMENT: How to survive investment banking without ageing twice as fast as the average human being
Doctor: “Hello ___ .” Investment banker: “Hi.” Doctor: “I understand that you’ve been having stomach problems, correct?” Investment banker: “Something has happened. Yes. Whenever I drink water or…any liquid for that matter…I feel a strange sensation when the liquid reaches the point before it enters the stomach. Doctor: “How long has this been going on?” [...]
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