ZA
South Africa’s banks may have been downgraded, but they’re still performing strongly – and recruiting
The contrast, if not conflict, between rating agencies and banks in Europe and the US is being ‘exported’ toSouth Africa, in a development which is causing some controversy. This week Moody’s Investors Service downgraded by one notch the senior debt and deposit rating of South Africa’s top banks, the so-called ‘big five’: Standard Bank, Absa, [...]
These changes to the UK’s immigration rules appear to be good news if you’re a non-EU citizen who wants to work in financial services in London, as long as you actually have a job
As most non-EU financial services professionals will be aware, there have been big changes to the UK’s immigration policy in recent years. The UK government is attempting to reduce the number of migrants into the country, and has made it more difficult to move to the country if you’re from outside the EU. This is [...]
These are the jobs that CFA Charterholders do in South Africa and these are the financial services firms that employ them
Are you thinking of studying for the CFA Charter? Are you wondering whether the CFA is relevant to your profession and who might employ you when you’ve completed all three exams? The CFA Institute has all the answers. A new tool shows precisely how many people have gained the CFA Charter in each country, and what they [...]
In almost every business area, JPMorgan is now the place to be – but it’s not paying. Standard Chartered is hiring – but it’s not paying either
The banks with the wherewithal to hire in this market are not those that pay well. Yesterday (as we noted), Jes Staley, CEO of JPMorgan’s investment bank, made an investor day presentation. During this presentation, Staley said that, if it wanted JPMorgan could have started a “compensation arms race” had it wanted, as its [...]
How many applications must you make before you get a job?
Last week Channel 4 News reported on the case of a visually impaired man who finally found a job after making 2,000 applications. Stephen Stubbs had reportedly considered himself unemployable and was delighted and astonished to discover this not to be the case after all. “If I can do it anyone can do it, just [...]
ADVICE FROM A CITY PSYCHOLOGIST: How to change your lifestyle at work if you want to reduce your stress
Stress management and psychological health should be treated in much the same way as you might check your car in for an MOT despite it running well at the time, to avoid a breakdown later on! We’ve already looked at how to modify your behaviour and your thinking to avoid stress. You also need to [...]
Private bankers wanted in South Africa
Private banking is a good career choice in Africa, experts say. The sector is growing as the tally of high net worth individuals increases at a yearly rate of 11%, much faster than the global average of 8.3%. Both foreign and local banks in South Africa, the continent’s largest economy, are beefing up their teams [...]
GUEST COMMENT: I am coming to love my life in the middle office
There was a time when I wanted to be a trader. Ok, so I do still want to be a trader a little bit. However, I am currently working in a middle office credit role and I would like to make one thing very clear: this is an interested role. Working in the middle office, [...]
Wave of dismissals as Nigerian banks lay off thousands
Lagos is becoming likeLondon. There’s nothing positive about this development, though, as it is limited to banks’ propensity to lay off thousands of employees. The revolution that has transformed Nigeria’s banking sector, following the stress tests imposed by the Central Bank, seems to have swept away long-cherished job security as well. The bulk of the [...]
GUEST COMMENT: The dark art of having a mentor
If you want to scale the pole in investment banking, it helps to have a mentor – especially if you are not an Oxbridge-educated white male-type. Mentors are valuable in all sorts of ways: assessing your strengths and weaknesses, helping you navigate company culture and politics. You can use your mentor to work through your [...]
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