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
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
Added by manish., Consultancy - 30 Aug 2008 - 1 comments
Posted in Switching Sectors and Investment Consulting
Fed up with life in investment banking? There is an alternative: consultants are hiring. McKinsey & Co., the strategy consulting incarnation of Goldman Sachs, was recently seen soliciting financial services consultants in The Economist, and recruiters in the field assure us there are opportunities aplenty – providing you have the requisite top class degree and big name bank on your CV. A quick perusal of McKinsey’s own website shows it’s... Read more
By Sarah Butcher 19 Aug 2008 - 19 comments
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
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
Not long ago, the likes of Mercer, Watson Wyatt and Hewitt Associates were doing their best to stem a tide of staff trying to make a beeline for investment banks. But with banks now struggling, consultants now hiring, and some of the staff who left them beating a hasty retreat, it looks distinctly as if consultants are having the last laugh. “We are growing,” says John Hastings, a partner at... Read more
By Sarah Butcher 16 Jul 2008 - 2 comments
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
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
Added by Nadina_, Accounting - 15 May 2008 - 1 comments
Posted in Switching Sectors and Investment Consulting
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
Added by yhygrace, Research - 21 Mar 2008 - 3 comments
Posted in Qualifications and Investment Consulting
Typically seen as the refuge of grey-suited maths nerds, the actuarial profession is struggling to attract the talent it needs. A raft of regulation from the Financial Services Association, such as Solvency II, together with increased requirements from non-life insurance industries has seen a flood of new jobs. Paul Walsh, CEO of Acumen Resourcing, a recruitment firm run by actuaries for actuaries, says: “Even if the number of people entering the... Read more
By Paul Clarke 20 Mar 2008 - 7 comments
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
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
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
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 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