UK
Company: KPMG
Late Lunchtime Links: I am also leaving investment banking, but I feel it has given me a great platform for the future
After yesterday’s negative article about banking being full of middle class mediocrities and the life of an itinerant musician being much better, today we bring you a more cheery thing from someone who’s also leaving banking, but feels positive about the industry. The cheery valediction is also published on Wall Street Oasis, the site which [...]
This is where you can still get a summer internship in financial services for 2012
Unbelievably, there are still some summer internships in accountancy and insurance left. Predictably, they’re all at small firms and they all close soon. If you’re still looking for an internship related to financial services for 2012, you might want to try here: Allianz Internship Area – Insurance Location – UK (city not specified) Deadline – Not [...]
A new hedge fund salary survey. And how much you might earn at Brevan, Bluecrest, Capula and Paulson Europe
Things aren’t what they used to be for hedge funds. Once they were in Mayfair, now they’re in Marylebone. Once they paid big cash bonuses, now the AIFMD is introducing all sorts of remuneration rules which will constrain them to paying bonuses similar to banks. According to PWC Germany, hedge funds may be obliged to [...]
The UK’s high rate of income tax has been causing problems for partners at hedge funds. This is how they are mitigating it
The UK’s 50% higher rate of income tax – to be reduced to 45p next April – has been causing headaches for hedge funds. The problem, according to Christopher Groves, a partner in the tax team at legal firm Withers, is that all the profits of a partnership are treated as income and therefore taxed [...]
As KPMG makes bungled redundancies, is the Big Four safety net disappearing?
Banks are making redundancies and so are Big Four accounting firms. Accounting firms’ redundancy tactics may leave something to be desired. The Evening Standard reported yesterday that KPMG is eliminating 30 senior managers and directors. Staff were informed of this development via an email from an HR manager requesting that they, “dial-in to the following number to [...]
Outrage as graduate jobs in accountancy at KPMG become a little less well paid
How would you feel if you worked hard to pass your second year accounting exams the first time around, expecting to have your achievement acknowledged in the form of a £1k bonus from your kindly accounting employer, only to find that the promised bonus had been suddenly withdrawn without warning? This is what’s happened at [...]
Sectors explained – Accounting
Accountants come in various shapes and sizes. If you want to become one, ask yourself where you want to work and what kind of accountant you’d like to be. Within financial services, investment banks hire accountants, as do retail banks, hedge funds, private equity firms, insurance companies and fund managers. Companies in all other sectors [...]
Is it all over for consultancy hiring at the Big Four?
For many working in financial services, the ongoing (and sizable) recruitment within the Big Four professional services has provided a rare beacon of hope within an otherwise bleak recruitment landscape. However, if the European Commission’s proposals, compiled by internal market and services commissioner Michel Barnier, to break up the four largest accountancy firms are implemented, [...]
IT security jobs are both bulletproof and more lucrative
In the current climate, only roles that banks can justifiably claim to be essential are likely to receive sign off from the powers that be. Step forward the role of the information security professional. In September, it was reported that Goldman Sachs was the victim of a hacking attack, when Lloyd Blankfein’s (and 80 other [...]
Lunchtime Links: 20-something poker players are making six figures; private equity hiring is not what it was
As banking careers carry increased risk of sudden death, alternatives may be preferable, like professional poker. The BBC highlights the case of two 20-something UK poker players, one of them a model from Kent with a 1st in astrophysics (the other a “mop” haired recent graduate of indeterminate origin), who are making big money. Mop-haired [...]
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