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This is what you can earn as a quant in London, New York, Paris, Singapore or Hong Kong
We have some figures for quant salaries from recruitment firm Selby Jennings. They hark back from November, but we are assured they remain correct. They are presented below, without comment.
Everything we know so far about bonuses and deferrals, bank-by-bank
As a follow-up to our earlier article on the state of bonuses, cash caps and deferrals on a bank-by-bank basis this year, here’s what we know now. Feel free to email us at Editor@eFinancialCareers.com or to leave a comment if you know additional details that we don’t. Bank of America Cash bonus cap? Yes, but it [...]
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, [...]
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 [...]
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. [...]
GUEST COMMENT: How you can work at Goldman Sachs for 8 years without living a Playboy lifestyle and still end up broke
There is a persistent City fairy tale which goes something like this: work hard enough, for long enough, and you’ll retire rich and live happily ever after. In this heart-warming fable, “hard enough” equals a minimum 90-hour week. And, “long enough” means somewhere between five and ten years… To have reached thirty five and not [...]
This is what Gary Cohn (of Goldman Sachs) and Jamie Dimon (of JPMorgan) are saying now about hiring, firing and pay
As you may be aware, Gary Cohn, COO of Goldman Sachs gave a long and important interview to the Sunday Telegraph yesterday. Equally, Jamie Dimon spoke during the conference call accompanying JPMorgan’s results last week. For those of you unfamiliar with either man’s pronouncements and in the interest of quick and easy accessibility, we’ve summarized [...]
DAVID CHARTERS: I advocate that banks begin publishing details of their pay
Imagine how investment banking would work if not just board level people and a token handful of the highest earners had their pay disclosed, but everyone did, at least in any rump of an organisation where the taxpayer might ultimately foot the bill if things go wrong. At every bank, everyone would know what everyone [...]
There will still be big retail bank hiring in South Africa this year
Christine Lagarde was in South Africa at the weekend for her first visit since taking the helm at the International Monetary Fund. She is not usually lavish with her praise, but she did laud South Africa’s economic performance, describing it as ‘impressive’. The strength and soundness of the financial sector, she said, had mitigated the [...]
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