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GUEST COMMENT: As a junior corporate financier I am spending my life tweaking PowerPoint presentations
Many young undergraduates harbour dreams of becoming an investment banker when they finish university, but few know what the job entails. Those who know the reality have probably done an internship in the sector, be it in ECM, DCM or M&A. Some of these people have continued to bite the bullet and become full-fledged analysts, [...]
GUEST COMMENT: What happens when your investment banking CV sends the wrong message
Mixed messages in CVs usually derive from the writer’s own mind set and that rule applies to investment bankers, fund managers, private bankers, traders of any age or nationality. From my City experience I find there are usually two mind sets which create mixed messages: Superhero and scarecrow. What are these and how can they be [...]
GRADUATE CAREERS COACH: Help! I have had several graduate interviews with investment banks, but still no offer
As part of a new series on eFinancialCareers, an experienced graduate recruiter is willing to answer some of your careers-related questions Nadia Capy-Osgood is a seasoned graduate recruiter who’s worked at various investment banks and is now a project manager for Graduate Solutions, an independent firm which operates graduate recruitment programmes for different firms in [...]
The now-famous article suggesting banking is a sad, sorry, sapping career, full of fantasists pretending otherwise
It may not be what you want to hear at the start of the week, but you may be deluding yourself if you think banking is a glamorous and interesting career. You may be deluding yourself if you think you work long hours. Maybe you’re telling yourself tales if you think you’re really on a [...]
GUEST COMMENT: The 8 main reasons why people become investment bankers
There are different reasons why individuals become investment bankers. Chance plays a role, but deep-seated motivations are usually the determining factor. These motivations explain why so many bankers agree to work unusually long hours, put up with abnormally high levels of stress and sacrifice personal and leisure time. Take a look at the faces of [...]
Goldman’s head of wellness says mental health is probably the biggest issue at Goldman Sachs, its people want to know how to be happy
Goldman Sachs takes the health and happiness of its staff seriously. It has its own ‘head of wellness,’ Patrick Watt. Today, Patrick gave a webinar on wellness at Goldman Sachs. We were in attendance. This is what Patrick said. – Health at Goldman Sachs has been impacted by the uncertain times Specifically, Patrick said recent [...]
Deutsche and BarCap confirm it: there will no hiring, no firing. Deutsche sets the pace with a 20% compensation cut
If you’re going to get a new job in financial services, you should be able to pick one up in the second quarter. Historically, this is when most hiring happens. This is, however, the second quarter and recruiters are still complaining of hiring freezes. “Bank of America, UBS, Deutsche, Goldman Sachs , they’ve all got [...]
Asia isn’t happening. Do an MBA in Brazil
Credit Suisse’s results confirmed it: Asia is not it. Year-on-year, the bank’s total revenues in Asia Pac fell 5% in the first quarter. Its profits fell 4%. Citigroup did a little better: its Asian securities and banking revenues were up 17% year-on-year in the first quarter. However, its Latin American revenues were up 28% (its [...]
How parental wealth is proving a game-changer at pivotal points of banking careers
Generally, it helps in life to have rich parents. Yes, there are plenty examples of prominent bankers who don’t (Lloyd Blankfein, Ian Hannam). And yes, Goldman is known for its propensity to hire hungry people from ordinary backgrounds, but for every British banker from a council estate there are probably at least two who are [...]
GUEST COMMENT: I have attended a positively mind-blowing class as part of my Masters at the London Business School
Gabriel Chen is a Singaporean student at London Busines School and a former financial journalist for Singapore’s Straits Times. I recently wrapped up one of the best courses of my Masters in Finance at London Business School (LBS). Called Topics in Asset Management, it was taught by Robert Jenkins, an external member of the Interim [...]
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