ZA
In what seems like bad news for its employees in South Africa, Absa has lost four executives all at once
Absa is in the unwelcome glare of the market’s spotlight. The deputy CEO and three top directors, all members of the Executive Committee (ExCo), have left the bank almost simultaenously, making their departure seem more of a stampede than an orderly exit. Louis von Zeuner, known as “Mr Absa”, announced this week he is stepping [...]
GUEST COMMENT: The first 48 hours of redundancy are critical
Have you ever had a sporting injury? If so, you’ll know that taking some key actions in the first 48 hours plays a key part in minimizing damage and speeding your recovery. Whether you’ve strained a muscle, damaged some ligaments or incurred something more serious, it will help if you rest, apply ice or compression, [...]
Should you really go with the FT’s new MBA ranking? Or is there a better, more finance-focused alternative?
You’re thinking of doing an MBA in financial services, but where should you study? The Financial Times’ 2012 MBA ranking is out today. It ranks the top 10 global full time MBA programmes in 2012 as follows. The FT’s 2012 full time global MBA ranking: Stanford Graduate School of Business Harvard Business School University of [...]
Standard Chartered set for African expansion in 2012
Few banks can start the new year on such a positive note as Standard Chartered. The emerging market specialist, which in contrast to many rivals has continued to hire throughout the downturn, has recently been upgraded by Standard & Poor’s, becoming the only international bank to have been upgraded by all three rating agencies since [...]
GUEST COMMENT: How to survive investment banking without ageing twice as fast as the average human being
Doctor: “Hello ___ .” Investment banker: “Hi.” Doctor: “I understand that you’ve been having stomach problems, correct?” Investment banker: “Something has happened. Yes. Whenever I drink water or…any liquid for that matter…I feel a strange sensation when the liquid reaches the point before it enters the stomach. Doctor: “How long has this been going on?” [...]
GUEST COMMENT: How to rework your CV for roles outside the financial services industry
In the current environment, many of you may be thinking of broadening your job search so that it’s not restricted to financial services. If so, it is advisable to bear the following points in mind. 1. Research before you rush in Carefully research what your target companies(s) and target sector value – what skills do [...]
The pass rate is down, the cheating is up, is the CFA worth the work?
Results to the December 2011 Level 1 CFA exam are out: 38% of people passed. This is a significant minority and a little depressing in light of the fact that as recently as 2009, 46% of December Level 1 candidates got through. Why do so few people pass? Maybe they’re just not good enough. Ed [...]
Do you want a job? These are the qualifications SA financial services recruiters are looking for
There are jobs going in financial services in South Africa: the sector is healthy and still growing. The question, recruiters say, is matching employers’ demands with the relevant skills, which can be hard to find. We have conducted a survey of some of the most respected recruitment firms, among them Capital Assignments, Michael Page SA [...]
ELI LEDERMAN: How to navigate if you’re in this industry for the long term
The financial industry mirrors its markets: choppy, turbulent and difficult to navigate. As the economy dips and bobs, jobs in finance look likely to come and go with all the permanence of quarterly reports. In conditions like these, people planning careers in the business would be wise to gaze on the horizon, where aspects of [...]
How long are you out of the market before you become completely unemployable?
Someone has asked a question. Specifically: they’ve been unemployed for 10.5 months having previously worked in fund derivatives structuring and sales and want to know when to give up hope. As they point out, we’ve previously suggested that it becomes difficult to re-establish yourself in a financial services career after a mere six months away. [...]
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