UK
Company: McKinsey
Big data, big talent shortage
Big data is, of course, a hot topic right now and financial services firms in particular are grappling with the challenges faced by size and scale of information available and how to capture, store, share and utilise it effectively. But while banks have yet to kick-start big recruitment plans around this, the industry is facing [...]
Q&A: A former head of German fixed income at Goldman Sachs-turned headhunter, predicts the future
Sina Schahram-Nia has studied at Berkeley and the London School of Economics. In 1991 he joined the fixed income sales and trading department at Salomon Brothers. Later he moved to Goldman Sachs and Bank of America, where he acted as head of fixed income sales for German speaking countries. Several years ago, he started his [...]
Why you may or may not want to work for one of the Chinese banks that’s hiring in London
Chinese banks have big plans for London; they’re currently examining the plausibility of hiring hundreds of investment bankers in the UK. As we’ve mentioned previously, there are a number of Chinese banks already in the UK – Bank of China, China Construction Bank and the Industrial & Commercial Bank of China (ICBC), while the Agricultural [...]
The bad and less bad elements of McKinsey’s gloomy projections for investment banking
Recent reports into the future of the investment banking industry haven’t been particularly positive. There was the Morgan Stanley and Oliver Wyman report predicting the need for 20,000 back and middle office job cuts, and now McKinsey has suggested further redundancies may be necessary as investment banks grapple with new regulations. In a wide-ranging report [...]
Lunchtime Links: 25-30 interesting private equity jobs coming soon to Moscow! 75-100 hedge fund admin jobs coming soon to Dublin!
Lots of jobs are coming soon. They are not coming to London, however. Firstly, a once in a lifetime opportunity will soon arise to work for Dmitry Medvedev and – by implication – Vladimir Putin. Medvedev is reportedly setting up a $10bn private equity fund and will be wanting 25-30 investment managers to work for [...]
Moving into front office investment banking mid-career, without an MBA
In order to do a top MBA, you need to be a) wealthy and b) optimistic. The London Business School is currently charging 49,900 for the privilege of studying its two year programme. INSEAD is charging €52,000 for one year. Harvard is recommending a budget of $79,000 for two terms if you’re single and $111,600 [...]
Lunchtime Links: An MBA amounts to nothing more than a $150k interview opportunity
The rate of acceleration in the appetite for full time MBA programmes appears to be falling. This may be because MBA students aren’t going into lucrative jobs in financial services as much as they used to. It may also be because people are standing up and saying that an MBA is a waste of time [...]
Bonus fables from the Real World
Banking is not the only industry where people receive bonuses. Bonuses are also offered in other professions. And in other professions there is no obligation to defer bonuses over multiple years, to claw them back, to base them on risk adjusted measures of performance, or to subject them to punitive forms of taxation. Then again, [...]
Were you cleverly manipulated into a career in financial services?
You may think that you opted for a career in financial services because of the great opportunities, the intellectual stimulation, and the wonderful colleagues, but were you simply sucked in by a slick marketing campaign? According to former McKinsey consultant James Kwak, bankers are typically former Ivy League students with a susceptibility to banks’ particular [...]
And what was not hot in 2009?
Despite all the merriment that 2009 brought to the likes of FICC professionals, high frequency traders and high yield professionals, it wasn’t a great year for everyone. For some people, 2009 was as dour as the final quarter of 2008; for others, it was the end of an era; and for others it was great, [...]
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