UK
GUEST COMMENT: A bank failure does not stop the work for its bankers
As anyone with any understanding of financial reality knows, a Greek default is sadly inevitable. This week, that inevitability was underscored by Greece’s inability to maintain its budget deficit below the 7.6% it needs to keep receiving money from the Troika. When the Greek default occurs, the ‘beefed up’ €440bn European Financial Stability Fund will [...]
GUEST COMMENT: There IS hiring in compliance advisory
For compliance professionals, advisory is a very popular area. The main reason for this is that these roles require an individual to sit on the trading floor with the front office working closely with products and traders. As a result, they develop an innate understanding of the way the broader business works. One common myth [...]
GUEST COMMENT: 19 steps to suffocating your career
1. Get caught up in your own world and busy life. 2. Don’t bother keeping in touch with your network of friends, ex-colleagues, ex-clients and contacts. 3. Get made redundant or learn your job is under threat. 4. Get back in contact with your network because you’ve heard the mantra: “Networking is best way to [...]
GUEST COMMENT: London is one of the worst places in the world for expats, so if I’m sick of it how do my foreign colleagues feel?
I’m a Londoner born and bred. I was born here, went to university here, and worked here throughout my career. All my close family live within a two hour drive from where I live in Zone One. I’m the guy you depend on when the office party gets thrown out of the restaurant for being [...]
GUEST COMMENT: My Masters in Finance at LBS has involved climbing a 13m pole in the rain
I am halfway up the 13-metre high pole, with each new step a mental drain. The sun has given way to more drizzle yet again. Such is British weather: a tempestuous child. I am at an offsite location with my London Business School (LBS) mates and we are here to participate in puzzles and high-rope [...]
GUEST COMMENT: All the fun has gone from working in the City…
I can hear the choruses of, “It’s work, it’s not supposed to be enjoyable” on your collective lips…but I think the point is valid. The three year long mea culpa that the City has been penitently reciting in return for its bailout, has left the City with a greyness of spirit that even the average [...]
GUEST COMMENT: An internal overseas transfer may not be such a good idea after all
In the good old days when a bank sent you abroad it was a good gig; the first time I ever had servants was when Citi put me up in Sydney in a rather nice apartment. The general principle was that you’d be kept at the standard you had back home, plus a bit to [...]
GUEST COMMENT: Unless you follow this advice, you will come to regret your exit interview
An exit interview seems like a riskless trade. A fifteen minute nirvana in which you get to vent your spleen after years of grovelling obeisance. It may seem that there’s limited downside to a frank and forthright exit interview. After all, you’ve already resigned. If you’re going to a competitor, there’s surely a limited amount [...]
GUEST COMMENT: The 3 main benefits of having a PhD if you want a job in finance
If you’re a student who wants to go into financial services, you may be wondering whether it’s worth spending the extra time and money to get a PhD. During the financial crisis two or three years ago, I would have unequivocally advised staying in school. Redundancies, downsizing, and hiring freezes made it a very difficult [...]
GUEST COMMENT: A major investment bank made me a job offer and then ignored my calls
I’ve been looking for a new job for a while, so imagine my delight when one of the recruiters I work with said he had a corporate strategy role at a large bank which I might be interested in. I attended a first round of interviews with a very pleasant, but recently appointed senior employee [...]
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