“Burnout is like the subprime crisis – no one ever sees it coming”
‘Christine’ is a former trader-turned salesperson for a major investment bank. During the course of the financial crisis, she was exhausted by her interactions with a harsh manager. Here’s her account...
View ArticleWirehouse or insurer? It all depends what kind of salesperson you are
If you want to break into wealth management, you’ve got a few different options. You can work at a small independent brokerage firm or a large wirehouse like a Morgan Stanley and UBS. Or, as a third...
View ArticleNew RenCap MENA CEO outlines ambitious growth plans
Ahmed Badr, the newly-installed Dubai CEO and head of MENA equities at Renaissance Capital, knows a thing or two about surviving a crisis. Having joined Credit Suisse’s Middle East operation in April...
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Georges Chodron de Courcel (BNP) touchera plus de 330.000€ de retraite «...
La pression était montée d’un cran depuis le début du mois. La presse américaine avait fait entendre que les régulateurs voulaient voir tomber des têtes, et le nom de Georges Chodron de Courcel avait...
View ArticleThese are the sorts of people who are summer analysts at GS, JPM and Deutsche...
What kind of person gets to be a summer analyst (AKA ‘summer intern‘) at a top three investment bank? Evidently it’s someone a bit special – 98% of applicants for Goldman’s junior positions are...
View ArticleJPMorgan sharpening axe for investment banking cuts
The warning sounded loudly last week when trading volumes were calculated for the month of May. Market volatility was essentially non-existent – job cuts were inevitable. Morgan Stanley waited no...
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Coupe du Monde 2014 : Récap’ des prévisions des banquiers et des économistes
Les financiers ont toujours eu un faible pour le ballon rond. Au Brésil – l’« o pais do futebol » (le pays du football, en français), les traders se sont mis en mode pause. Les volumes échangés sur les...
View ArticleWelche Karrierewege von deutschen Unis zu Goldman Sachs und JP Morgan führen
Die US-Investmentbanken gelten als Crème der la Crème der Branche. Wer dort einen Praktikumsplatz findet, dem gelingt gewissermaßen ein Kickstart in die Karriere. Allerdings stellt dies von deutschen...
View ArticleThe worst paid jobs on Wall Street and in the City of London
Everyone knows that bankers are well paid. Not everyone knows that not everyone who works in banking is a ‘banker’ and that some people spend years working on Wall Street and in the City of London and...
View ArticleThe small firm providing refuge to banks’ commodities traders
Freepoint Commodities, the trading firm set up by former RBS Sempra employees, has been providing much needed opportunities to an increasing number of professionals fleeing investment banking. Jonathan...
View ArticleUnfortunately, World Cup hormones could play havoc with markets
Tonight’s the night. First there’s the opening ceremony, involving ‘Pitbull and Jennifer Lopez.’ Then there’s the first match, involving Brazil and Croatia. Then there’s another 64 matches spread over...
View ArticleThe Asian banking careers in which you are bound to be overworked
If you want a stable Asian banking career, look to job functions which remain comparatively free from front-office redundancies and back-office offshoring. Job security in Singapore and Hong Kong,...
View Article« Qui aime bien châtie bien »: comment aider son enfant à se lancer en finance ?
Un jour alors que je participais à un Forum Ecole sur les carrières, j’ai surpris un homme passant de stand en stand, posant aux recruteurs des questions tout aussi pertinentes que bien préparées. Il...
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Morning Coffee: Resigning BNP banker gets €330k annual pay-off. Risk...
The U.S. government has has its scalp from the BNP Paribas sanctions affair. As was widely reported yesterday, Georges Chodron de Courcel, one of BNP’s chief operating officers, has resigned. De...
View ArticleA six-figure job that companies are scrambling to recruit for
At the senior end, roles can pay up to £350k and if you happen to become an expert in an emerging area, you can name your own price tag. So why are banks, Big Four accounting firms and large-cap...
View ArticleDie schlecht bezahltesten Jobs an der Wall Street und in der Londoner City
Die City of London und die Wall Street sind die Finanzplätze rund um den Globus, wo das ganz große Geld verdient wird. Allerdings gibt es dort auch Finanzjobs mit ganz kleinen Gehältern. Selbst wenn...
View ArticleNow that Alvise Munari’s gone, meet the new darling of Morgan Stanley’s...
Alvise Munari has left Morgan Stanley. Hired in 2010 from Bank of America Merrill Lynch on an alleged package of $4m over two years, Munari was Morgan Stanley’s ‘global head of equity derivatives sales...
View ArticleCan regulators now make personnel moves at banks?
In January, U.S. Attorney General Preet Bharara fined J.P. Morgan $1.7 billion for allegedly turning a blind eye to Bernie Madoff’s Ponzi scheme, though his office declined to press criminal charges...
View ArticleAbgesang auf den Bankenplatz: Österreich versucht HGAA durch Enteignung...
Die noch rund 6000 Angestellten der Kärntner Hypo Group Alpe Adria (HGAA) scheinen fein heraus zu sein. Nach dem Willen der Wiener Politik soll die Skandalbank keine Insolvenz erklären, vielmehr sollen...
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Charts confirm supremacy of investment banking pay, but there’s a problem
If you want to earn big money, you don’t want to work in asset management or retail banking. A new report from the European Banking Authority reveals that regulated investment bankers earn far more...
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