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Eight important charts about the future of investment banking from McKinsey &...
McKinsey & Co have a big new banking report out. It says banks are in a bad way, that they need to cut products, push electronic platforms, merge, cut headcount, cut pay etc. These are the charts...
View ArticleKPMG to increase campus hiring by 30% within advisory. Here’s what you need...
As Wall Street continues to shrink, more undergraduate and MBA students are choosing consulting over traditional finance roles. Most consulting firms are growing rapidly, and it doesn’t hurt that the...
View ArticleDaily Dispatches – merge ops and cut staff or face disaster, McKinsey tells...
Consulting group McKinsey says the world’s leading global banks need to make significant changes, including merging operations (fixed income and equities trading) and cutting staff, if they want to...
View ArticleAsia beckons UK and Australia’s unloved carbon traders
Carbon traders whose employment prospects in Europe and Australia have all but dried up could be the next hot property in Asia, as China gears up to launch seven new pilot schemes and other trading...
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Huit graphiques de McKinsey pour comprendre de quoi sera fait l’avenir des...
McKinsey & Co vient de publier un copieux rapport sur l’état du secteur bancaire. Selon les auteurs, les établissements bancaires ne sont pas au bout de leur peine, ils devront limiter leur offre...
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Some of the finest facial hair in banking, so far
As it’s Movember, we are running a competition to identify the best moustache in the City of London and its environs (Canary Wharf, Mayfair, Covent Garden). If you work in financial services and are...
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The health hazards for male investment bankers – in or out of the market
If you’re a male investment banker recently relieved of your duties by your employer, get a new job fast – if you want to avoid sagging jowls and greying hair. Being unemployed for more than two years...
View ArticleThe phrase that explains why investment banking pay must plummet
Goldman Sachs pays well, but it doesn’t pay nearly as well as it used to. Average compensation per head at the bank is on track to reach $425k this year, but in 2007 the bank paid an average of $661k....
View ArticleWie Sie ein Vorstellungsgespräch überstehen: Tipps von einem Goldman...
Auf nahezu jeder Website einer Investmentbank finden sich Tipps, wie Bewerber ein Vorstellungsgespräch bewältigen. Doch leider handelt es sich dabei zumeist um nichtssagende Gemeinplätze. Bei Mark Hatz...
View ArticleGood and not-so-good excuses to get out of work for a job interview
It’s one of the only situations in life where the correct thing to do may be to tell a white lie. Unless the hiring company is willing to meet with you off the clock, you’ll likely need to spin a tale...
View ArticleChinese internet companies move into lending, pay top dollar for platform...
China is deregulating it financial services sector at an unprecedented pace, with traditional institutions now facing direct competition from foreign banks coming into the market as well as companies...
View ArticleDaily Dispatches – China’s ‘baby’ billionaires
China has the youngest billionaires in the world, says Bloomberg’s Businessweek. According to the newly released 2013 Billionaire Census by Wealth-X and UBS, the average age of the country’s 157...
View ArticleCes banquiers qui ont décidé d’en finir avec la langue de bois
On connaissait la volonté des politiques de s’affranchir – avec plus ou moins de succès et de talent – du politiquement correct à l’image de Jean-François Copé auteur du livre Promis, j’arrête la...
View ArticleMorning Coffee: JPMorgan has already decided its bonuses, and….Abnormally...
If you work at JPMorgan and were hoping you’d have a few more weeks to impress your boss before your bonus is determined, then bad luck: according to Reuters, the bank “largely set” its bonuses this...
View ArticleThe bank that has to hire 1,000 people in only 12 months
The European Central Bank has to hire a lot of people – and fast. Following the EU’s decision to create a Single Supervisory Mechanism for the 130 largest banks in the Eurozone, the ECB has been tasked...
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Über die Branche III: Das Anleihe-Geschäft (Debt Capital Markets)
Die Hochgeschwindigkeitswelt der Staats- und Unternehmensanleihen Wenn sich ein Unternehmen vergrößern, aber die Vorherrschaft im eigenen Haus nicht opfern will, dann kann es sich frisches Geld an den...
View ArticleHigh pay, zero job security, zero loyalty, social atrophy: an...
What went wrong with banking culture? Yesterday, the London School of Economics’ (LSE’s) Systemic Risk Centre ran an event to pontificate about precisely this issue. In attendance were senior risk...
View ArticleGoldman Sachs MD quietly discloses the all-important quality required of...
What does Goldman Sachs look for when it hires people? Is it intelligence? Not necessarily. Is it extracurricular extravagances? Not always. Is it teamwork? Kind of. Is it diligence? Sort of. Is it a...
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Graduate recruiters for the U.S., Asia and Europe at Macquarie, UBS and...
How to impress graduate recruiters in EMEA, the US and Asia-Pacific Three investment banking graduate recruiters answer students’ questions on what they look for, and what (not) to do to land a job...
View ArticleStupid banking interview questions the quants get wrong
You’re interviewing for a quantitative job in an investment bank. Statistically, which interview questions are you most likely to get badly wrong? 1. What was the last book you read? If you put...
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