US
Company: Morgan Stanley
Twenty five people who can get you a job in banking
If you want a job in banking, you will need to network. A failure to properly engage and to direct applications to named individuals is one reason why your attempts to land a job in banking may fail. With this in mind, we’ve provided a non-comprehensive, non-alphabetical, sort of off-the-cuff list of some of the […]
Tax free investment banking salaries on the up in Dubai
If you’re a senior investment banker looking for a new position, the United Arab Emirates is not necessarily the best place to apply – jobs have been cut, few new opportunities are presenting themselves and the anaemic fee pool has only been edging up for the past few years. There is one advantage to making […]
Fear factor: bankers only have 50 days to find new jobs
How quickly do you need to find a new job if you’re a banker who has been laid off? Very, it would seem. An analysis of 10 recent hires at major banks in London shows that on average experienced bankers spend only 50 days between jobs. Data from the UK’s Financial Services Authority (FSA) register […]
Are You Ready to Stomach the Grumbles of Wall Street’s Elite?
The fallout from the economic collapse has changed the narrative on Wall Street. Chief executives at big banks, who once routinely and openly chastised lawmakers for getting in their way, have become more timid in their dealings with Washington. This is likely due to those fairly large government loans they received a few years back, […]
When investment banking jobs lead to a dead end
If you want to work a 40 hour week, investment banking is not the place to do it. One junior investment banker got in touch with us via Twitter to say he’s usually done 40 hours by Tuesday – or maybe Wednesday. “I normally hit 40 hours by late on Tuesday,” he claimed – before admitting […]
These bankers do, and don’t, deserve to be paid so far for 2013
Most large banks have now announced their results for the first quarter of 2013. On the whole, their performance wasn’t too bad. However, nor was it too good – especially in fixed income, currency and commodity trading, where revenues declined a lot. Figures below, from Nomura analyst Jon Peace, show the comparative revenue performance of […]
Can you survive the new investment banking landscape?
Investment banks will be forced to make stark choices in the coming years – exiting unprofitable business areas or shutting down entirely, according to a new report from the Boston Consulting Group (BGC). Although the industry will continue to evolve, and some people will inevitably suffer, the prognosis from BGC is not entirely bleak. We […]
Second-Tier Banks Risk FICC Firings
UBS, which walked away from fixed income, currency and commodities (FICC) trading last year, took plenty of heat from pundits following its decision. Now it appears UBS may have resigned before being fired. Analysts with the Deutsche Bank believe new regulations will strip roughly $17 billion in global sales and trading revenue from investment banks […]
Nomura and Credit Suisse make big cuts, as only 16% find new jobs
Contrary to hope and expectation, this year has not seen an end to banking layoffs and staff departures. Analysis of the Financial Services Authority (FSA) Register reveals that nine major banks in London have parted company with 670 people since the start of January 2013. So far, only 100 of these people have found new […]
Nearly half of junior M&A bankers at top banks quit within three years
Working as a junior M&A banker in a big investment bank can make you very good money, but it may well be at the expense of both your health and your social life. A new study suggests that 44% of junior M&A and corporate finance bankers who join banks out of university leave the industry within […]
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