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Tag: Financial Services
GUEST COMMENT: The problem is, it’s too frightening to resign from a financial services job
If you still have a job in the City then you have something in common with the great novelist, Fyodor Dostoyevsky. In 1849, the writer was about to be shot by a firing squad for dissent when, at the last moment, he was pardoned by the Czar. Living with the threat of layoffs is like [...]
When to do an MBA if you want to work in banking in South Africa
It’s a dilemma faced by all new graduates in economics, finance or business administration: is it better to look for a job straight away and gain precious experience, or to go for a post-graduate degree and gain insight and depth of knowledge? In the South African financial services sector in particular, how important is it [...]
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 [...]
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 [...]
Salaries for South African financial services professionals are mostly static
If you work in a financial services role in South Africain 2012, your salary will probably be comparable to 2011. The latest salary survey from recruitment firm Robert Walters suggests a degree of stasis in the SA compensation market, with corporate financiers, research analysts, and global markets compliance professionals all paid the same this year [...]
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 [...]
What South African recruiters want to see on your CV
The importance of a CV cannot be overestimated: it is your calling card to a prospective employer who does not know you. Get it right, and doors will open. Get it wrong, and you will be stuck at square one. We have asked some o fSouth Africa’s most respected recruitment firms what they look for [...]
Standard Chartered bets on Botswana
Standard Chartered has chosen Botswana as an important pillar of its African expansion strategy. The emerging markets specialist has just poached Moatlhodi Lekaukau, currently head of M&A at Deloitte & Touche Corporate Finance in South Africa, to be its new Chief Executive Officer for Botswana, starting in February 2012. “I am excited about the opportunities [...]
Some European bankers who lose their jobs may be able to get hired in Nigeria
In Europe, blood is on the floor. Virtually all the big banks have announced redundancies, as have smaller ones. But while jobs in developed markets are being chopped, jobs in emerging markets are still growing. Last week, Goldman Sachs highlighted the multiplier effect of GDP growth on its revenues, saying the average impact varies from [...]
Corporate bankers are particularly popular in Africa
Standard Bank is the ‘big beast’ of African banking. Its strong presence and reach across the Continent and its access to the deep pockets of the Industrial and Commercial Bank of China (which has a 20% stake) give it the ability to invest in growth. So if Standard Bank says there is a phenomenal resurgence [...]
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