Contrary to popular belief and contemporary memes, it’s never been easy to get a graduate job. There were always hoops to jump through. It’s just that the hoops have multiplied and have got more weird. As we reported earlier this […]
Careers
Goldman Sachs juniors have been resigning in Frankfurt
As Goldman Sachs grows its businesses in the European Union, the number of juniors it employs in Frankfurt and Paris is rising, and the firm appears to be running into some problems retaining them. Sources at Goldman Sachs in Frankfurt […]
Bonuses up 20% for top people in Barclays’ investment bank
Barclays’ results for 2020 are out. The British bank appears to have done its very best to pay people well in its investment bank, even though profits at group level were pressured by writedowns against potential non-performing loans. The bonus pool across Barclays as a […]
Why finance recruiters don’t respond to your applications
Why don’t financial services recruiters respond when you apply for jobs? The populist response to this common question usually involves some recruiter bashing, but I’d like to provide a different and more balanced perspective (if not a full-blooded case for […]
Graduates flock to the Big Four in “toughest job market in a generation”
If you can’t get one of the comparatively few graduate jobs on offer in investment banks, there’s always the Big Four accountancy and professional services firms (EY, KPMG, PWC and Deloitte). – They hire far more people than banks do, and they […]
Being an attractive female technologist in a bank is a nightmare
I’m a developer in an investment bank. I’ve worked in finance since I left university five years ago and I don’t plan to work in another industry, but I would like to call out and try to change some of […]
This is the enormous pay at The Carlyle Group and Apollo Global Management
How much will you earn if you leave your investment banking role for a job in private equity? If you work for the big funds like Carlyle Group and Apollo Management, you could earn a lot. The two behemoths of the buy-side reported […]
Evercore’s secret appeal: pay last year averaged $755k per person
It’s not easy to get into Evercore. The boutique M&A firm has some of the hardest interviews in banking, according to Wall Street Oasis. The implication is that Evercore is in no hurry to offer its jobs to any old body. […]
“Lessons learned from the night shift at Lazard in New York”
Back in the early days of the millennium, shortly after the internet bubble burst and before 9/11, I took a job at a French investment bank. I worked the night shift as a project assistant for Lazard Frères at their […]
The pay at Jane Street last year was enormous
If you’re a quant trader or a financial services technologist nowadays, you will probably have heard of Jane Street. You may also want to work there. Many try. Few succeed: the company says only a “small percentage” of applicants are accepted for […]