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 […]
Tag: Banks
“They go after a year”: young Singapore technologists quit banks for big tech
Banking technologists in Singapore are sounding the alarm about the number of young tech professionals leaving the finance sector to join big tech companies. Google, Amazon, Facebook, Alibaba, Tencent, ByteDance and Grab are using Singapore as a beachhead into Southeast Asian […]
Bonus rivalry in Hong Kong as Chinese and US banks offer bumper payments
Mainland banks in Hong Kong remain competitive in the bonus stakes even as US firms pay bumper Asian bonuses for 2020. As we reported last week, Asian revenues at Morgan Stanley, Goldman Sachs, JP Morgan, and Citi (within its Institutional […]
Everything we know about U.S. banks’ bonuses this year
If you already know the dimensions of your bonus for 2020, you work for one of a handful of banks. – The Canadians and Jefferies, which reported before Christmas, Citi and Morgan Stanley, which reported last week, or JPMorgan which told some of […]
Young bankers are wondering if there are easier ways to get rich
It’s not uncommon for first year investment banking analysts to get the winter blues a few months into the job and to start wondering whether they’ve made the right life choices. Usually, this results in an emotional conversation over coffee […]
First bank reveals bonus pool and it’s not bad
The bonus whispers have begun. If they’re to be trusted, JPMorgan traders can expect a 20% rise in bonuses but JPMorgan bankers can’t, and ‘flat will be the new up’ at Bank of America. One bank, however, has moved beyond the whisper stage. Today […]
“Banks only hire saleswomen for their looks”
This is going to sound sexist, but I attend a lot of conferences and it always disillusions me when I see stands filled with attractive women whose main purpose seems to be gaining the attention of the opposite sex for […]
Students’ mental health suffering from banks’ automated recruitment systems
Investment banks are currently accepting applications for 2021 graduate placements and summer internships. Faced with hundreds of applications per job, most use automated applicant processing systems incorporating things like Pymetrics psychometric games, HireVue digital interviews and HackerRank coding tests (if you’re applying for a tech job). Most students will […]
The bank that hires graduates using human beings
If you’re struggling with the lack of human interaction when you’re applying for graduate banking jobs that use Pymetrics tests and Hirevue interviews for the initial screening stages, a reprieve is at hand. Mizuho International, the Japanese investment bank in London, is sticking with human interviewers […]
Summer is over. Are banks ready to hire again?
Summer is supposed to be over in the Northern Hemisphere (although Londoners basking in 27 degrees of heat in might question whether this is really the case). Now that most people are back from vacation and banks are encouraging people back into the office, attention is […]