UK
Company: Credit Suisse
Late Lunchtime Links: EU to go after bankers earning more than £420k; how to succeed in M&A at J.P. Morgan
Bad news for any European bankers who are earning huge amounts of money but had hoped to sidestep the European Union’s bonus cap by claiming they weren’t ‘regulated employees’: the EU’s definition of regulated employees has just been expanded. The Financial Times reports that the EU has broadened the category of regulated employees to include anyone earning […]
Want a job in finance? Hot qualifications in London, New York, Asia
Not all finance qualifications were created equal. And not all finance qualifications are equally relevant in different global markets. Based upon the jobs currently advertised on eFinancialCareers and the finance résumés uploaded into our own database in the past three months, we’ve put together the following helpful ranking of qualifications most likely to land you a […]
Fear factor: bankers only have 50 days to find new jobs
How quickly do you need to find a new job if you’re a banker who has been laid off? Very, it would seem. An analysis of 10 recent hires at major banks in London shows that on average experienced bankers spend only 50 days between jobs. Data from the UK’s Financial Services Authority (FSA) register […]
How £5k can buy you a financial services internship
Investment banks and other financial services firms like to paint their graduate recruitment programmes as meritocratic processes, suggesting that the nepotism and elitism associated with the sector in the past are now consigned to an ugly era of history. However, a bountiful supply of relevant work experience is the best way of eventually securing a […]
Late Lunchtime Links: Here’s how many people are competing against you for banking jobs now
So you want a job in banking now? Does this mean you’re up against thousands of people? Surely, the 40,000 people removed from HSBC will all be sending in their CVs? And how about the 550 people suddenly being let go from SocGen’s Parisian headquarters? Redundancy-related headlines suggest the world is awash with bankers looking […]
These bankers do, and don’t, deserve to be paid so far for 2013
Most large banks have now announced their results for the first quarter of 2013. On the whole, their performance wasn’t too bad. However, nor was it too good – especially in fixed income, currency and commodity trading, where revenues declined a lot. Figures below, from Nomura analyst Jon Peace, show the comparative revenue performance of […]
Marisa Drew, the new head at Credit Suisse, on who she likes to hire
Credit Suisse has appointed Marisa Drew - one of its most senior female investment bankers in Europe as co-head of its European investment banking business. Drew has been at Credit Suisse for a decade and becomes co-head with Ewen Stevenson, another Credit Suisse veteran who joined the bank in 1989. If you want to get a […]
When a million isn’t enough: why top bankers are struggling to get by
In theory, a seven figure annual pay packet should be more than enough to live on. In the UK, only the top 1% of income taxpayers earn anything more than £150k according to figures from the Office of National Statistics. In the US, the top 1% of people earn more than $370k according to the […]
Investment banks in the Middle East turn to Western expertise over local connections
It used to be that the ticket to getting an investment banking job in the Middle East required close personal relationships with the region’s huge sovereign wealth funds (SWF). Not anymore. Banks are focusing more on technical skills than on relationships as Middle Eastern funds begin to value their connections with an institution rather than […]
What Barclays’ new analyst class says about breaking into investment banking
Investment banking may have lost some of its lustre for students, but it’s still an incredibly attractive industry for many. Any graduate hoping to secure a place needs to be switched on even before they start university. After a period of training, analysts recruited into front office roles at Barclays investment bank formally started their […]
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