As banks in Hong Kong and Singapore slow down their hiring amid the Covid-19 pandemic, it’s becoming more important that your resume stands out if you are still applying for jobs right now. Too many candidates in the two cities, though, […]
Tag: Bankers
Saving 70% of my salary: bankers on life in lockdown
When bonuses are awarded for 2020, it seems almost inevitable that they will be substantially lower than in 2019 – despite the misplaced excitement of some traders. Once, this would have induced shrieks of rage. It may still, but the reality is that COVID-19 […]
Sleeping more, working more, drinking more: bankers on WFH
With the exception of the traders and support staff who are still in the office (and who amount to around 20% of the total at banks like JPMorgan and Deutsche), most people in finance are now coming to the end of […]
Bankers say too little is being done to protect them from the virus
Before the coronavirus, ‘wellness’ was a big issue in banks. Whether it was ‘Talks at Goldman Sachs’ or client cycling events at Barclays, the emphasis was on nurturing employees in both body and mind. However, the past few weeks have shown […]
Bankers asked to sign virus disclaimers before finance interviews
Are you interviewing for a new banking or finance job? You might have to sign a contract stating that you haven’t been exposed to the coronavirus first. Finance recruiters in London say that U.S. banks and private equity funds began […]
Grounded by the virus, senior bankers risk losing their mystique
If nothing else, the coronavirus should at least save banks a small fortune in travel costs. Although no other bank has gone as far as JPMorgan in advising against all non-essential travel, others are almost certain to follow soon – not […]
“Young Hong Kong bankers should forget about joining the buy-side and enjoy working in IBD”
I’m a third-year analyst at Goldman Sachs in Hong Kong. My fellow analysts and I often chat about our career plans, so I’m now familiar with where bankers my age want to work in the future. But when I started […]
Why insecure 40-year-old bankers block ‘lazy juniors’
If you’re an analyst in an investment bank and you were annoyed by last week’s comment on this site by a director who said today’s juniors don’t pull their weight, I’d like to offer you some reassurance: we’re not all like that. […]
UBS decided it only wants these special bankers
Even when a bank is cutting costs, it can still find that it’s spending money. UBS, for example, is apparently planning on making twenty hires at Managing Director level (expensive) in investment banking (where MDs are often a bit more expensive than sales & […]
Hong Kong bankers brace for painful 20% to 40% bonus cuts
The 2019 bonus pool across global banks in Hong Kong is likely to be down by as much as 40% year-on-year, following a challenging political and economic climate for deal making over the past 12 months. Hong Kong M&A volumes […]