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  • What's in Your Malus Envelope?

    Would you be a banker if most of your pay was at risk for three to five years rather than a maximum of one year? UBS just decided to make itself the test case for overhauling incentive pay. Its ne ...

    0 comments

  • Still Buying That Villa / Opus 8 / Tesla Roadster?

    Now that it's that time of year again when you used to salivate about getting paid… is your biggest year-end purchase going to be a tighter belt? Whether on Wall Street or the City, government honc ...

    4 comments

  • Would you take a passage to India?

    Credit Suisse has unveiled plans to double staff numbers in India and isn’t the only bank upping staff numbers in the region - Swiss rival UBS is also looking to double its Indian headcount and the li ...

    3 comments

  • Where's the Carnage?

    Are investment banks really wielding the knife in as measured a manner as official data indicates? We've often discussed the disconnect between numbers stated in Wall Street layoff announcements, a ...

    1 comment

  • Would You Botox Your Resume?

    Too much experience can be a career-killer, especially in today's hyper-competitive job market. So is it legitimate to delete your first job or three, in hopes of erasing some telltale age-lines from ...

    12 comments

  • Will U.S. Consumers Spend Again?

    Many a pundit has ascribed the economy's erstwhile run-up to enthusiastic consumer spending - and the recent downturn to the U.S. consumer's over-reliance on debt, particularly creative sub-prime mort ...

    1 comment

  • Should I accept CDO role?

    Added by jayroc2K, Information Technology - 08 May 2008 - 3 comments

    Posted in Switching Sectors and Information Services

  • Do careers die in Shanghai?

    Forget ‘Shanghai, Dubai, or goodbye’. Is a move to an emerging market really a one-way bet for your career? Banks are busy transferring as many staff as possible away from the stagnant centres ...

    10 comments

  • Who’ll do the job of ratings agencies?

    Named, shamed and blamed, ratings agencies are looking a little ragged around the edges. Investors themselves may need to hire people to calculate credit risks in future. With triple A no longer a water-tight guarantee of a leak-free investment, ratings agencies could find themselves squeezed as investors take a more proactive role in analysing just what they’re getting themselves into. This, at least, appears to be what Ben Bernanke had in... Read more

    By Sarah Butcher 23 Apr 2008 - 5 comments

  • Debate: Would your bonus pass ‘the garden fence test’?

    Ever suspected that you’re grossly overpaid for what you do? Resolve the question once and for all by conversing with neighbours over your garden fence. Alistair Darling (AKA the Chancellor of the ...

    7 comments

  • Ratings agencies not so secure after all

    Ratings agency types who thought they had a job for life are being made to think again. Ratings agencies have been known to promote themselves as kindly employers less inclined than investment banks to take an axe to the workforce when things go wrong. That cuddly image has just died a horrible death. Moody’s is reportedly slashing 275 jobs globally, Toronto-based rater DBRS is said to have cut three European offices... Read more

    By eFinancialCareers UK 10 Jan 2008 - 6 comments

  • Going down in 2008

    If things get nastier, and even if they don’t, there will be some things that don’t look quite so pretty in the next 12 months. Prop trading The former darlings of every trading floor won’t be seen in quite the same light now that it’s become apparent they’re not a short cut to becoming Goldman Sachs and are liable to lose enough money to necessitate a large cash injection from China. Deutsche closed... Read more

    By Sarah Butcher 31 Dec 2007 - 2 comments

  • Guest comment: To hire or not to hire – that is the question for 2008!

    Recruitment decisions aren’t quite so straightforward in the wake of the credit crisis, says Andrew Pullman. I am sure that when depositors were queuing up outside Northern Rock recently they didn’t worry too much about financial services recruitment in the New Year. However, many thousands are now facing the prospect of a rocky period ahead if they are looking for a new job in the City in 2008. How are banks and... Read more

    By Andrew Pullman 20 Dec 2007 - 9 comments

  • Do lawyers make good bankers?

    Not according to Prince Alwaleed bin Talal bin Abdul Aziz al Saud. He’s had enough of them. Prince AbTbAAaS, the biggest single shareholder in Citigroup, confided to Fortune magazine that wh ...

    18 comments

  • Are bonuses to blame for the credit blow-out?

    Are the bumper bonuses of self-serving bankers behind the credit nastiness? Yes, if you believe the musings of Times columnist Patrick Hosking. He cites the massive golden goodbyes of Chuck ...

    3 comments

  • Take your pick: Merrill or Citigroup?

    Both have ejected chief execs after making big losses. Both are left without any obvious bodies to man the tiller. Which would you rather work for? Forget the fact that it’s writing down US$8bn to ...

    12 comments

  • The pain gauge: redundancies, remuneration, restricted (or not) stock

    Which banks and bankers are suffering the most? No prizes for guessing… ACUTE PAIN 1. Merrill Lynch Share price: down 44% since January 2007. Bonus per head*: $181.3k, down 25% on 2006. Net profit for the first nine months of 2007: $1.9bn, down 61%. Redundancies: none announced so far, but exit of chief exec Stan O’Neal is imminent. 2. Bear Stearns Share price: down 38% since January 2007. Bonus per head*: $407.6k, down 20% on 2006. Net... Read more

    Anonymous 30 Oct 2007 - 10 comments

  • MBA students left high and dry

    Spare a thought for the classes of 2007 and 2008. It seems investment banking jobs are proving hard to come by. A student at a leading European business school says banks are still coming to present on campus, but that with the exception of Credit Suisse, few appear to have any full-time places left for 2008: “Places have already been filled by last year’s summer interns. If you missed the boat... Read more

    Anonymous 30 Oct 2007 - 20 comments

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