UK
Tag: Product Control
GUEST COMMENT: Here’s how product controllers can escape investment banking
In the mid- late 2000’s product control was typically seen as the entry point into investment banking for most qualified accountants. It was usually viewed as a springboard for a career in finance or sometimes, more optimistically, as a stepping stone to a trading position. Those that stuck with it could eventually make VP or [...]
Aggregating all the salary surveys: this is what you should earn in accounting in an investment bank
It’s salary survey season. Every investment banking recruiter worth its mettle has produced a salary survey relating to the positions it covers in banking. Inevitably, there are significant discrepancies in their findings. Over the next few weeks, we’ll look at what the different surveys say for various jobs in banking. This week: accounting. Below, we’ve [...]
Sectors explained – Accounting
Accountants come in various shapes and sizes. If you want to become one, ask yourself where you want to work and what kind of accountant you’d like to be. Within financial services, investment banks hire accountants, as do retail banks, hedge funds, private equity firms, insurance companies and fund managers. Companies in all other sectors [...]
Post Kweku, it should still be possible to move out of the middle office
The combined efforts of Nick Leeson, Jerome Kerviel and Kweku Adoboli, each of whom used or appear to have used (it’s too early to say definitively in the case of Kweku) their knowledge of back office systems and processes to perpetrate rogue trades, all suggest one thing: no more moves out of the middle office [...]
The crisis-defying roles around liquidity management
Concerns over both short-term and long-term funding issues for banks, combined with regulatory capital requirements, makes working in internal treasury a stressful place to be currently. However, at a time when few jobs are in demand, it’s also an area where new roles are still being created. Treasury as a function is not entirely immune [...]
I work in product control, and I regret the day that as an ACA I was persuaded by a recruitment agent to take the role
We’ve been here before, but in light of the statement above (left as a comment on an article recently), this is an issue worth revisiting. Do recruiters lure ACAs into product control roles with false tales of excitement? The reality is that most ACAs who want to go into banking will end up in product [...]
These are the (unedifying) jobs that will be on offer in the second half of the year
As the second quarter has not been great, there is not all that much hiring. But there is some hiring. It is still happening. As we noted earlier in the week, RBS and RBC are still paying guarantees. Financial News reports that Nomura has hired a top rated metals analyst and fancies a few more [...]
FRED BAYR: My brilliant plan to revolutionise recruitment
You are sitting in a Northern Line train. It’s 8pm on a Tuesday evening. You are exhausted and depressed because a day of spreadsheets is behind you and another day of spreadsheets awaits you. You leave the train, pass through the barriers, exit the station and receive a call. It is an amateur recruitment consultant [...]
Say hello to the new wave of antipodean accountants
Antipodean accountants within financial services organisations in the City were always something of mainstay, but they left in large numbers when the crisis took hold in late-2008. Now, they’re flooding back again. The job market for accountants in the City is relatively healthy with product control, financial control and management accountants all being offered plenty [...]
Here’s how to find hundreds of London financial services jobs that lack applicants AND pay cash bonuses
Rumours continue to reach us of hiring freezes at some investment banks, in some investment banking business areas (markets). If you can’t get a job in a bank, you could always try applying for a financial services consulting job in the Big Four accountancy firms. Last September, Deloitte said it wanted 400 new management consultants [...]
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