UK
Company: European Investment Bank
GUEST COMMENT: There are lots of benefits to working in Luxembourg – it’s a mystery why more people don’t give it a shot.
Months before finishing my Masters degree in Investments at the University of Birmingham, I applied for jobs in all the usual places – the big investment banks and the major financial cities, London,New York and Hong Kong. During this process, I came across an advertisement for a role in Luxembourg and decided to give the [...]
If Nomura wants to save $1bn, it may need to make 64% of its European staff redundant
History, it would appear, is repeating itself. Nomura’s big problem in London has always been its capriciousness. One moment it’s committed to the European market; the next, it’s not. We’ve been saying for a
Why you may wish to consider working for the European Investment Bank
If you’re looking for a stable, if not overly-exciting, career path then you could do worse than look towards the European Investment Bank (EIB). Developments over this week suggest, at the very least, the EIB is likely to be decidedly busier over the next few years. Firstly, there’s its reported involvement in a European Commission [...]
Lunchtime Links: A detailed dissection of Credit Suisse redundancies suggests London-based juniors are being badly hit
Ignoring for a moment the crucial vote that’s just taken place in Greece, we’d like to draw your attention to the redundancies at Credit Suisse. The bank is lopping between 400 and 600 staff this week. Financial News reports that 100 people will lose their jobs in London, across fixed-income, equities, commodities and mergers and [...]
If you leave the market this time, you won’t come back
Banks are already eradicating people. If revenues suffer, as seems likely, from Greek-inspired risk aversion, they may eradicate more jobs still. Since the lows of 2008, most banks have ramped up headcount considerably. For example, BarCap has around 1,700 more people than three years ago; Goldman has 6,000 more; Credit Suisse and UBS have around [...]
Lunchtime Links: Reasons to believe pay could shrink at RBS, BarCap and HSBC
George Osbourne’s comments supporting the ring-fencing of retail banking operations, as mooted during the interim recommendations by the Independent Banking Commission, in his Mansion House speech have been causing a lot of consternation. Firstly, there’s the concern that he’s supporting something which is still light on details and needs extensive consultation, then there’s the suggestion [...]
REVIEW MY CV: I have a quantitative MA and six months’ IB work experience; I really want to work in risk
I would like to be an analyst in one of the top investment banks in London, in an area associated with risk management. I have spent several months working for a European investment bank in Poland and am preparing to obtain the PRM certificate. Any advice you can offer would be greatly appreciated. EDUCATION Sep. [...]
Lunchtime Links: JPMorgan’s results look like bad news for pay at its European investment bank
JPMorgan has released its third quarter results. They are better than expected, but they don’t look great for pay. They also don’t look great for Europe. Year to date, revenues at JPM’s European investment bank are down 29% y-o-y, compared to a decline of just 8% in America and an increase of 6% in Asia. [...]
The day I met Sarah, the perfect banking graduate
Last month, I was invited to a luncheon hosted by a European investment bank in Hong Kong. Amongst all the boring middle-age bankers, was a young Chinese lady – her professionalism and natural elegance awed the surrounding guests. At the age of 21 and a fresh graduate from a Chinese university, Sarah is already a [...]
Is it possible to be too good at spreadsheets?
A former head of M&A at one European investment bank thinks so. “You get some people who are so good at putting together spreadsheets, and who enjoy it so much, that it ends up being most of what they do,” he tells us. “There comes a point in your career when you have to make [...]
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