UK
Tag: Senior Associate
Why you may or may not want to work for one of the Chinese banks that’s hiring in London
Chinese banks have big plans for London; they’re currently examining the plausibility of hiring hundreds of investment bankers in the UK. As we’ve mentioned previously, there are a number of Chinese banks already in the UK – Bank of China, China Construction Bank and the Industrial & Commercial Bank of China (ICBC), while the Agricultural [...]
The FSA suddenly wants senior bankers to forego their deferred stock WITHOUT a buyout when they change employers
Unless you work for Goldman Sachs – where last year’s deferrals seemed to be nominal, or for UBS – where bonuses up to CHF250k were paid in cash – you’ve probably accumulated a quantity of deferred bonuses with your current employer. Equally, if you to move to another bank and walk away from that deferred [...]
Bonuses, deferrals and vesting – bank by bank
As news on 2010 bonuses seeps out, both from banks and headhunters, we’ve amalgamated what’s currently known into one place for you. Here it is. Barclays Capital Comp per head, 2010: 229k. This is up 20% on last year. Percentage in cash, percentage deferred The total BarCap bonus pool for 2010 was 2.6bn (apparently down [...]
The bitter disappointment of the unaffordable banker
UBS announced its bonuses yesterday. Even though the total compensation bill in the investment bank increased more than 20% year on year, and even though compensation per head rose 13%, people are not happy. “Everyone was expecting UBS bonuses to be dire and they seem to be even worse,” says one headhunter working in the [...]
All this morning’s bad news on job cuts, hiring freezes, and quarterly declines, consolidated
RBS is cutting jobs. Morgan Stanley’s officially got a hiring freeze on. Revenues from sales and trading are predicted to fall 35% in the third quarter. And if this happens again in the fourth quarter there will be ‘fairly significant [job] cuts.’ It’s not a good morning. More on RBS Like BarCap, RBS is removing [...]
How recruiters can avoid the 500k fine for data breaches
The Information Commissioner’s Office (ICO), the governmental watchdog that oversees data protection, now has significantly sharper teeth – it can impose fines of up to 500k. So how can recruitment firms, which hold significant volumes of personal information, ensure they aren’t slapped with this penalty? As of 6th April, the ICO can fine organisations up [...]
Is it possible to be too good at spreadsheets?
A former head of M&A at one European investment bank thinks so. “You get some people who are so good at putting together spreadsheets, and who enjoy it so much, that it ends up being most of what they do,” he tells us. “There comes a point in your career when you have to make [...]
How to apply for jobs for which you are massively overqualified
With 29,000 jobs expected to go from the City between the start of 2008 and the end of 2009, and a mere 2,000 expected to be added in 2010 (according to the CEBR), there are still a lot of experienced financial services professionals out of the market. Equally, with banks firing up graduate recruitment again, [...]
CHEERING TALES: The securitization professional who moved into private equity
Here’s another cheering tale designed to spread a warm and fuzzy glow through anyone hoping to find a new job soon. This week, the securitization professional who nearly had to go back into accounting. Current role I now work at a private equity fund where I am responsible for all debt related work and deal [...]
In praise of the hostile bid
Could it be hostile bids are the only things keeping M&A bankers in Abercrombie & Fitch? Maybe. According to a recent article in the Financial Times, more bids have gone hostile this year than at any time since 1999. And hostile bids are hard work. “Anything is welcome right now,” says a senior associate at [...]
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