If you want to tap a university alumni network and get a job at Goldman Sachs, where should you be knocking? If you're based in Europe, it will help if you're an alumnus of the London School of Economics, the University of Oxford, the University of Cambridge, or Imperial College.
This is the takeaway from an article on Business Insider. The site looked at LinkedIn profiles of Goldman staff and concluded that the bank globally employs 420 people from the London School of Economics, 303 from Oxford, 300 from Cambridge, and 248 from Imperial College London. The London School of Economics ranked as Goldman's most second most favourite college in the world - coming only narrowly behind New York University, which has furnished the bank with 428 of its current employees.
Separately, senior bankers seem to be hitting back against the empowerment of juniors. The Financial Times' latest Lucy Kellaway agony column concerns an anonymous 37 year-old male banker who complains that the graduate trainee who joined his team in December is, "arrogant and lazy." Worse, when the complainant attempted to tackle the youth, he says the 22 year-old, "used a 360-degree assessment to question my leadership style." As a result, the 37 year-old now been told that he must do more to, 'nurture talent.' Kellaway has yet to respond, but readers are advocating that the older banker treat his junior with respect - he'll probably be working for him in five years' time.
Jefferies and RBC are increasing bonuses for their advisory staff by 5%-20%. (Financial News)
SocGen's been making commodities traders redundant in New York. (Reuters)
French private equity goddess explains that it's no fun working in private equity in France. (Financial Times)
Nicola Horlick says losses on the Bramdean Alternatives fund weren't her fault as she'd hired two other asset managers to handle the hedge fund investments: “It feels like being a member of the A-Team. I constantly get accused of something I haven’t done.” (Sunday Times)
UBS was going to hire a new CFO from Nomura, but he decided to stay on at the Japanese bank. UBS has therefore promoted internally instead. (Bloomberg)
Someone in the City is throwing a champagne cocktail party for a thousand people, with rare white hibiscus flowers. (Financial Times)
37 salary negotiation tips. (Daily Muse)