UK
J.P. Morgan to add more wealth management jobs globally
J.P. Morgan said Friday it has plans to hire more people within its global private banking wealth management business, adding to the five senior appointments, four in the U.S. and one in London, within the last two weeks. Competition is heating up in the wealth management space, as the needs of wealthy clients expand and […]
Five Questions Investment Bankers Must – and Must Not – Ask in Interviews
Talk to any career coach: the questions you ask in interviews are just as important as the ones you answer – sometimes more so. But it’s not about unloading a list of mundane inquiries. You’ve got to choose your questions wisely, particularly in investment banking interviews where time is money. Below is a list of […]
Lunchtime Links: Confirmation of the depraved life of a hedge fund trader
Nothing gets the blood flowing like a tale exposing the financial sector as a pit of vice and depravity. Geraint Anderson shot to fame by painting the City as a place for coked up bankers frequenting strip clubs. Now hedge fund trader Turney Duff is about to unleash a book, The Buy-side, exposing the “exorbitant […]
Google will work you harder than Goldman Sachs
Who works harder? Bankers or technology professionals? Bankers are renowned for their crazy working hours, especially in M&A where the conclusion of a deal can result in a frenzy of all-nighters and lost weekends. Jobs in technology companies are just as arduous, however, but in a different way. “Start-ups will commonly work you 80+ hours […]
Frighteningly impressive résumés of junior bankers in the 2nd tier
We’ve noted on several occasions that the sort of person who gets a junior job in an investment bank these days has a frighteningly impressive CV. Take the 2012 analyst class at J.P.Morgan in London, most of which has completed multiple internships, speaks multiple languages and has multiple degrees. J.P. Morgan is indisputably a top tier […]
Is there a finance job in Asia no-one wants?
Who’d turn down a role to lead one of the world’s largest sovereign wealth funds? Quite a few people, it seems – prime candidates for the top job the $500bn China Investment Corporation (CIC) have turned it down. Premier Li Keqiang, who carries most of the weight in choosing CIC’s boss, is probably not an […]
UBS has hiked some banker salaries in the City
Excitement in the City: a rumour has been circulating to the effect that UBS has hiked salaries for its ‘code staff’ by 25%. One search firm is said to have emailed its client base with the good news. Code staff are regulated employees who are obliged to comply with European compensation edicts. UBS is said […]
Eight CFA mistakes that drive examiners and tutors crazy
The summer exams for the Chartered Financial Analyst qualification are just around the corner, with more than 145,000 participants this year and, as ever, the pass rate is likely to hover below 40%. It takes some 300 hours to successfully navigate the each level of the CFA exam, so it’s notoriously tough to make it […]
The Case for Consulting Over Banking
Five years ago finance majors and MBA holders at top institutions often chose careers in banking over consulting. The prestige, the money, the rush – it was all there. Then the financial crisis hit, scarring the industry’s reputation while stealing jobs and cutting once-lofty paychecks. With the playing field no longer slanted in the direction […]
Late Lunchtime Links: One third of London bankers received zero bonuses last year
We already know that a lot of zero bonuses were handed out for 2012. It wasn’t as bad as 2008 when 80% of bankers at UBS reportedly received nothing at all, but it was bad, with pockets of extreme zeroes reported in areas like Morgan Stanley’s fixed income business. Recruitment firm Morgan McKinley has tried […]
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