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 […]
Tag: Banks
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 […]
It’s just not easy for banks to train graduate hires remotely
After two decades in banking, the training and onboarding new graduates pretty much runs on autopilot for most managing directors. Over time, you delegate more and more of the responsibility to your team until you get to a point where the process […]
Inside the spaces where male bankers network alone
For bankers in London and New York, COVID-19 has changed everything when it comes to after-work networking and client entertainment. – An expensed night out looks far less appealing when it risks a life-changing virus. This could be a positive thing: those who’ve played […]
Moment of truth delayed for banks’ virtual interns
After several happy weeks sitting in front of computer screens at home, crunch time is approaching for banks’ virtual interns. At Goldman Sachs and elsewhere, internships finish this week. It will soon be apparent whether people are actually getting offers to return next […]