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Tag: Financial Services
GUEST COMMENT: Are you a mother looking to return to work? Apply quickly to Bank of America Merrill Lynch’s Returning Talent programme
Women are a valuable part of the workforce at Bank of America Merrill Lynch and we want to ensure they’re supported throughout their careers – including when they become mothers or take time out to look after children. All Bank of America Merrill Lynch employees who take maternity leave are given the option to have [...]
It’s simple: financial services headhunting is no longer a lucrative career
If you happen upon a financial services headhunter, spare a dime, or two, or three. Things are not what they were. As banks cut recruitment, they are also taking a serious look at the fees they pay headhunters. In many cases, they’ve come to the decision that it’s just not worth it. “There was a [...]
Late Lunchtime Links: Three places that are hiring now. Three areas where hiring is hot
Financial News thinks there will be more redundancies later this year. Editor Ben Wright says the lack of staff attrition is to blame. Wright has spoken to the head of European capital markets at: “one large bank”, who says his firm budgeted for an attrition rate of 8% but the actual attrition rate is 0%. [...]
A whole new FX-focused bank has opened in London, and other stories of big hiring in FX businesses
Tens of thousands of jobs may be disappearing in the City of London, but there is still hiring in FX. Swiss-based online FX trading specialist MIG Capital announced the opening of its new office in the City last week. The FSA register shows that MIG currently employs only four registered people in the City, but [...]
GUEST COMMENT: The problem is, it’s too frightening to resign from a financial services job
If you still have a job in the City then you have something in common with the great novelist, Fyodor Dostoyevsky. In 1849, the writer was about to be shot by a firing squad for dissent when, at the last moment, he was pardoned by the Czar. Living with the threat of layoffs is like [...]
Unsurprising survey suggests graduates have been accepting unappealing financial services jobs out of desperation
Given that front office jobs are hard to come by and there comes a point when you have to bite the bullet and accept a role in the back or middle office (eg. A job in operations or finance instead of M&A or trading), or maybe even a job in insurance, it may come as [...]
GUEST COMMENT: What happens when your investment banking CV sends the wrong message
Mixed messages in CVs usually derive from the writer’s own mind set and that rule applies to investment bankers, fund managers, private bankers, traders of any age or nationality. From my City experience I find there are usually two mind sets which create mixed messages: Superhero and scarecrow. What are these and how can they be [...]
Deutsche and BarCap confirm it: there will no hiring, no firing. Deutsche sets the pace with a 20% compensation cut
If you’re going to get a new job in financial services, you should be able to pick one up in the second quarter. Historically, this is when most hiring happens. This is, however, the second quarter and recruiters are still complaining of hiring freezes. “Bank of America, UBS, Deutsche, Goldman Sachs , they’ve all got [...]
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 [...]
Late Lunchtime Links: Deutsche Bank thinks things could get much worse over the next five years
In the ideal world, things will get a lot better soon. Not long ago, recruiters were predicting an upsurge in hiring come the second quarter as banks settled into their stride, people looked for new jobs after bonuses and the outlook improved. In fact, the number of new candidates coming onto the market is at [...]
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