UK
Company: Standard Chartered
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 […]
Standard Chartered’s Ferguson was contender for Abu Dhabi CEO role
The former chief executive of Standard Chartered’s Americas operation, who first highlighted fears internally over the bank’s dealings with Iranian customers that resulted in a £415m fine from U.S. regulators, was on the cusp of being appointed as the new chief executive of the National Bank of Abu Dhabi (NBAD), according to people familiar with […]
Seven reasons to leave your job just after a promotion
Quitting your company soon after you’ve been promoted sounds counter-intuitive, but it can be the best way to secure even more money and a better job. If your own firm wants you enough to promote you, why wouldn’t your competitors want you even more? Headhunters said they regularly targeted those who had recently stepped up […]
Standard Chartered: where bankers earn more than at Morgan Stanley?
Among investment banks, Standard Chartered is not known as a massive payer. Last week’s Standard Chartered remuneration report suggested this might not be the case after all. In 2012 Standard Chartered was particularly generous towards Mike Rees, the head of its investment bank. Last year, Rees earned a total of $12.2m, including a $1.2m salary, […]
Late Lunchtime Links: How much junior bankers earn versus how much junior bankers spend
The life of a junior investment banker does not have much to do with ’bottle service’ and client entertainment. It is strongly related to spreadsheets and takeaway food. Nor do junior bankers earn the sorts of sums that make early retirement easy. But they do earn a lot of money. And if they’re careful, they get […]
Spike in M&A Activity Could Open Doors to Hiring
Following a near five-year hiatus, robust M&A activity has returned in 2013, and with it the potential of hiring in an industry that has seen significant workforce reductions since the birth of the economic crisis. “We have been experiencing a very significant pickup in activity on the hiring front the last month,” said Adam Zoia, […]
Eight Hot Hires in Global Financial Services This Year
Major appointments in financial services are typically few and far between in January and early February as bankers hang out for their bonuses. But there are some brave exceptions. Here’s our list of hot global hires since the beginning of the year – people who in their new roles will influence the financial world in 2013. […]
The hourly wage of junior investment bankers is $16
A new survey of graduate employers from the British Association of Graduate Recruiters (AGR) suggests university students who go into graduate jobs in investment banking aren’t getting such a great deal. In 2012, the median salary for graduates going into investment banking roles was £38k ($60k), says the AGR. Past AGR surveys indicate that graduate […]
Late Lunchtime Links: Banking boss calls for the UK to stay in the EU
What will happen to the City of London if the UK population votes to leave the European Union when David Cameron’s referendum takes place in 2017? Would US banks like Goldman Sachs, Bank of America and JPMorgan really still want to base their international businesses in London if the City were outside of the EU? […]
Still looking for a banking internship or graduate job for 2013? Here’s who’s hiring
If you’re still trying to secure your internship or graduate position in a bank for later this year, you’ve left it a little late: most of the deadlines for investment banks’ graduate programmes have already passed. It’s unfortunate, therefore, that recruiters say Christmas and the New Year are a particularly busy time for student applications. ”We […]
Follow eFinancialCareers
What is RSS?
