The absolutely perfect CV for any front office job in an investment bank, WILL…. 1) Have impeccable academics- Top grades from a top school are a totally necessary but absolutely non-sufficient condition for front office occupations. “Good academics are taken for granted,” reflects Andrew Pullman, former head of HR at Dresdner, turned managing consultant at People Risk Solutions. 2) Make a big deal out of the impeccable academics- “Most other candidates will... Read more
By Sarah Butcher, 31 Aug 2010 - 27 comments
When I worked in the City there was nothing as appalling as the unremitting horror that I felt on the last day of my summer holiday. I’d be lying around a pool at some Ibizan finca staring into the middle distance, unable to comprehend the hideous reality that I was about to face. My sangria would be left warming up in the afternoon sun and my holiday doorstopper book would... Read more
By Geraint Anderson , 27 Aug 2010 - 34 comments
Following on from our recent article on adapting your CV for jobs in Continental Europe, here’s some guidance should you want to apply for positions a little further afield. Middle Eastern CVs How long? Never more than two pages. Be ruthless and only include absolutely relevant information, even if your experience is vast. Include a deal list as an appendix as well as any addition information if necessary. Layout? As a general rule –... Read more
By eFinancialCareers UK, 27 Aug 2010 - 6 comments
As an international financial services jobs site, with international financial services jobseekers, we feel we ought to be giving you a bit of a steer when it comes to tailoring your CV for jobs outside your home country. There are distinct similarities in what’s expected in different jurisdictions (brevity is almost always good), but there are also distinct variations (Germans like photographs, UK recruiters don’t). For your information, therefore, here’s how you... Read more
By eFinancialCareers UK, 24 Aug 2010 - 7 comments
“Hiring a star resembles an organ transplant,” observed the head of research at a distinguished Wall Street investment bank. “First, the new body can reject the prized organ that operated so well inside another body…On some occasions, the new organ hurts healthy parts of the body by demanding a disproportionate blood supply…Other parts of the body start to resent it, ache and…demand attention…or threaten to stop working. You should think... Read more
By Boris Groysberg, Associate Professor, Organizational Behaviour, Harvard Business School 19 Aug 2010 - 16 comments
The continuing recovery of Sweden’s banking sector is feeding through into increasingly demand for IT and technology specialists and consultants – unfortunately not always based in the Nordics. The relatively small – and therefore potentially more expensive – local IT and technology talent pool available to Nordic banks is leading to more outsourcing of technology projects to international providers, according to new research. Business Monitor has predicted the Swedish IT market will... Read more
By Nic Paton, 18 Aug 2010 - 0 comments
Danske Bank traders have suffered a 12% reduction in bonuses for the first half of this year and, with trading income this year unlikely to match 2009, should probably not be holding their breath for a significant improvement on this anytime soon. Half-year and quarterly figures posted by the bank this week showed pre-tax profit within its Danske Markets division declining by DKr3.6bn to DKr4.2bn, against DKr7.8bn in the first half... Read more
By Nic Paton, 12 Aug 2010 - 0 comments
Private Equity as we know it is finished. I can see this first-hand since I work in a private equity fund myself. Like any business model in finance, it has had its humble beginnings, its vintage years and it is now experiencing a slow come-down. As a result you can forget getting hired into PE if you are hoping that it’ll become your way out of a tedious banking or... Read more
By Anonymous , 11 Aug 2010 - 16 comments
I'm currently working in a proprietary trading house, and am looking for a role as a junior equities analyst, trading assistant, or desk assistant. - Basically anything that could get me a foot in the door into the front office! I like to be around the people that are making the decisions and running the desks, from whom I can learn. PROFESSIONAL MEMBERSHIPS Passed CFA Level 3 COMPUTER LITERACY MSWindows 3.1/95/98/00/ME/NT/XP/03/07/Vista, Pastel,... Read more
By Anonymous , 10 Aug 2010 - 23 comments
M&A specialists with a background in or knowledge of the Nordic healthcare and pharmaceuticals market have been in strong demand in the past six months, and are likely to stay sought-after as we go into the autumn. Figures from research body Mergermarket have suggested Nordic M&A activity bounced back in the first six months of 2010, with the number of M&As increasing by 40% - a turnaround from the 60% decline... Read more
By Nic Paton, 06 Aug 2010 - 0 comments
An MBA is a question of timing: get it wrong and you’ll find yourself spending £40k+ on two years out of the market when pay is peaking; even worse you may then find it impossible to get back in due to a glut of recently redundant experienced analysts. Equally, however, if you’re determined to do an MBA and you put it off for too long waiting for optimal market conditions, you’ll... Read more
By Sarah Butcher, 23 Feb 2010 - 54 comments
A CFA can only be good for your career – right? After all, it’s not easy: only 20% of people make it through all three levels, and as few as 34% of people pass the CFA Level 1. However, even though a CFA is often a good career move, in some situations it simply isn’t. Which situations? Well… 1) When you really want to work in trading The CFA is particularly... Read more
By Sarah Butcher, 20 Apr 2010 - 53 comments
When I worked in the City there was nothing as appalling as the unremitting horror that I felt on the last day of my summer holiday. I’d be lying around a pool at some Ibizan finca staring into the middle distance, unable to comprehend the hideous reality that I was about to face. My sangria would be left warming up in the afternoon sun and my holiday doorstopper book would... Read more
By Geraint Anderson , 27 Aug 2010 - 34 comments
In case you’re wondering how keen you have to be to work at Goldman Sachs, Alison Mass, an MD and co-head of financial sponsors at Goldman in the US, is here to elucidate. Mass gave the inaugural speech to new arrivals at NYU Stern this year, and divulged just how much she loves her job. First let me state the obvious: I truly love my work. I wake up excited to... Read more
By Sarah Butcher, 20 Jul 2010 - 33 comments
After 20+ years of full time employment (largely with rating agencies), the start-up agency I was working for was suddenly closed in Jan. 2008. Since then, I have gotten some contract work but offers are getting less frequent now. I believe some of the CV issues I have are 1) too much time worked at rating agencies (unfortunately not seen as having relevant commercial experience in many financial services sectors)... Read more
By Anonymous , 07 May 2009 - 33 comments
The questions asked in investment banking interviews are evidently varied. However, whether you’re interviewing as a rates structurer or an investment banking security guard, you will always be asked this: “Why do you want this job?” And if you give any of the answers below, you are unlikely to get it. 1) I really love this company, I’d really, really love to come and work for you. “You need to be very... Read more
By Sarah Butcher, 22 Jun 2010 - 28 comments
The absolutely perfect CV for any front office job in an investment bank, WILL…. 1) Have impeccable academics- Top grades from a top school are a totally necessary but absolutely non-sufficient condition for front office occupations. “Good academics are taken for granted,” reflects Andrew Pullman, former head of HR at Dresdner, turned managing consultant at People Risk Solutions. 2) Make a big deal out of the impeccable academics- “Most other candidates will... Read more
By Sarah Butcher, 31 Aug 2010 - 27 comments
I was a newbie in a bank once, so please don't take this the wrong way. I’m writing this in the context of “things I wish I knew then”… 1) You’re useless One day, with careful nurturing, you might be useful, but until you wise up you are a cost centre. Whatever your job title you are an apprentice. 2) You’re dumber than the people you work with Banking pays better than real... Read more
By Dominic Connor, 08 Jul 2010 - 27 comments
In the same way that Margaret Thatcher (allegedly) said that anyone using a bus aged more than 26 can count him or herself a failure in life, can the same thing be said for anyone aged 35+ who’s obliged to send in their CV for job applications? Some people seem to think so. “If I received a CV from a standard candidate who’d left university aged 21-22 and was a senior VP... Read more
By Sarah Butcher, 06 Jul 2010 - 25 comments
I'm currently working in a proprietary trading house, and am looking for a role as a junior equities analyst, trading assistant, or desk assistant. - Basically anything that could get me a foot in the door into the front office! I like to be around the people that are making the decisions and running the desks, from whom I can learn. PROFESSIONAL MEMBERSHIPS Passed CFA Level 3 COMPUTER LITERACY MSWindows 3.1/95/98/00/ME/NT/XP/03/07/Vista, Pastel,... Read more
By Anonymous , 10 Aug 2010 - 23 comments
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