If you’re a banker or trader who’s lost your job in the past few months, you might feel apprehensive about the future. Thousands of people have been let go from banks since October. Thousands more are expected to go by […]
Author: Ilanit Sirella
ESG bankers’ dirty little secret
It’s easy to say what you are doing, it’s a bit harder to say what you need to be doing, and it’s even harder to actually do it. When it comes to ESG, banks should be advising companies on the […]
“It’s not easy being an unemployed junior banker in a bad market”
Young people in banking who find themselves looking for a job in 2023 are in for a shock. Anyone who came into the industry in the past two years has no idea what a down market looks like. I’ve experienced […]
“A generation of very average MDs in banks will be wiped out in London”
For most people in the UK, the removal of the EU cap on banking bonuses is a signal that bankers’ pay is being unleashed to levels last seen over a decade ago. “It feeds into a clear them-and-us narrative,” says Larry […]
Goldman Sachs’ internships ended but interns don’t have offers
With summer in the Northern Hemisphere officially over on August 31st, summer internships in investment banks are firmly in the rear window. – Unless you interned in the investment banking division (IBD) at Goldman Sachs; Goldman’s ex-IBD interns still have summer very […]
How Bank of America became the best paying bank for juniors
As analysts in investment banks are informed of their bonuses this summer, there is more than a small degree of disgruntlement. Revenues in M&A divisions held up better in the first half of this year than revenues in capital markets, […]
Analyst bonuses at investment banks: “A terrible disappointment”
More banks have announced their analyst bonuses for 2022. More analysts are disappointed. Following last week’s complaints about analyst bonuses at Morgan Stanley, there appear to be similar complaints about analyst bonuses at JPMorgan. JPMorgan isn’t commenting, but a post […]
Major hedge fund discovers benefit of hiring engineers in India
It’s not just investment banks that use India for their technology staff. Millennium, the multi-strategy hedge fund has discovered the subcontinent too. Millennium is currently advertising 16 technology jobs at a new India Technology Centre in Bangalore. In May it […]
IBD analyst pay: The juniors still waiting for a raise
As summer bonuses loom into view, juniors in some investment banking divisions are hopeful. Away from M&A, it’s been a difficult year in investment banking, but recruiters say juniors are still as much in demand as ever and that they […]
24-year-old M&A bankers still horribly demanding
When UBS let go of a few equity capital markets (ECM) bankers last month, it wasn’t just senior staff who were cast adrift. The Swiss bank isn’t commenting, but sources say there are now clusters of former UBS ECM associates looking […]