UK
Tag: Portfolio Manager
Late Lunchtime Links: The crippling cost of a top MBA; further proof that traders should aspire to work at JPMorgan
If you’re thinking of doing an MBA, you may be balking at the fees (currently 54k at London Business School.) However, the fees are a mere fraction of the total cost. According to this blog, an MBA at a top US school, taking into consideration the cost of living and the opportunity cost of lost [...]
Man Group’s strange choice of a former head of MTV to get ahead in China
While jobs are cut in London, another organization is making a push into China. The Financial Times reports that UK hedge fund Man Group has got a 5-10 year plan to push into China and that it intends to open a “fully fledged research and trading office in Beijing in the near future.” Working on [...]
Lunchtime Links: Compensation at US banks would need to fall 60% to meet historical norms
JPMorgan’s third quarter results have just emerged. As expected, they show compensation and headcount in the investment bank falling. Average comp per head was down 16% year-on-year in the first nine months and headcount was down 1,101 quarter-on-quarter. However, the average JPMorgan investment banker is on track to earn $386k this year, and based on [...]
Lunchtime Links: In which UBS unveils its plans for emerging markets
UBS is, of course, paring back its headcount. 5,000 jobs are set to go globally according to various reports published last month. Many banks, such as HSBC for example, are intending to hire in emerging markets whilst retrenching in Europe and the US. Is UBS planning to do the same? It would appear not. Financial [...]
Is Deutsche Bank really racist?
Deutsche Bank’s careers website states it plainly: “Join us and you’ll become part of a culture that nurtures talent, embraces diversity and rewards outstanding performance.” If this is the case, why won’t it appoint Anshu Jain as its chief executive? As Jain’s Investor Worksho made clear last week, Deutsche’s corporate and investment bank – for [...]
REVIEW MY CV: This CV works fine in Canada, why won’t it work in London?
I am relocating to London in June and I can’t seem to get any callbacks with this CV. It works wonders in Canada but seems to miss the plot in the UK. In addition, I graduated from a Canadian University with the equivalent of a 2:2 average, is that worth mentioning? Please look at my [...]
Hedge funds don’t have to defer bonus payments (but most are)
Hedge funds are making money again. In fact, as has been widely reported this morning, the top ten hedge funds made $28bn in the second half of 2010, eclipsing the combined profits of Goldman, JP Morgan, Citi, Barclays and HSBC. Rather obviously, with even the larger hedge funds employing only a few hundred people, the [...]
Help! Should I work on the buyside? Should I work on the sellside?
“I have been working on the buyside for three years as an analyst and am looking at potentially moving to the sell side. I’m an equity researcher and moving to the sellside would probably mean joining at the associate level. On the other hand, if I stay on the buyside I’ll probably be able to [...]
REVIEW MY CV: I’ve got an IMC and I’m studying the CFA and I’d like to be a portfolio manager
In an ideal world I would like to move into portfolio management but I am aware that my lack of hands on experience in that area would count against me. I guess this could also make it difficult for me to move into an analyst position. Therefore I am fairly open as to the role [...]
Lunchtime Links: Goldman Sachs needs more collaboration, more teamwork and some technology improvements
According to urban myth, employees of Goldman Sachs are as a single entity channelling the spirit of Marcus Goldman. They are also highly collaborative, prone to referring to themselves as ‘we’ and the beneficiaries of one of the most envied technology platforms on the planet. Now, Sergey Aleynikov has shattered the fantasy. Sergey, who is [...]
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