Brexit and banking (markets) jobs
"As someone wanting to work in the markets division of a bank, am I ****ed? Since Brexit means that apparently banks are moving salespeople and traders and middle/back office guys as well.
I heard that MS and the European banks are already making plans to move their markets business elsewhere away from London.
What else can I go into?"
(Asking for a friend/person-who-asked-me-for-advice here. Wrote exactly what he messaged me)
I heard that MS and the European banks are already making plans to move their markets business elsewhere away from London.
What else can I go into?"
(Asking for a friend/person-who-asked-me-for-advice here. Wrote exactly what he messaged me)
(edited 7 years ago)
Original post by Maker
Tell him/her to learn German or French and get an Irish passport if possible.
Yeah he could actually. Thanks
But he's looking at alternate careers too
Major banks will not be moving operations away from London.
Here is a good read: http://www.telegraph.co.uk/business/2016/07/03/french-plot-to-topple-city-of-london-is-foolish-bluster/
Also the MS story is not true: http://www.huffingtonpost.co.uk/entry/morgan-stanley-deny-brexit-has-prompted-them-to-begin-moving-2000-investment_uk_576d47d3e4b08d2c563922ea
Here is a good read: http://www.telegraph.co.uk/business/2016/07/03/french-plot-to-topple-city-of-london-is-foolish-bluster/
Also the MS story is not true: http://www.huffingtonpost.co.uk/entry/morgan-stanley-deny-brexit-has-prompted-them-to-begin-moving-2000-investment_uk_576d47d3e4b08d2c563922ea
sales/trading is continiously moving more electronic anyway, so headcount will probably decrease regardless of whether banks move their operations
but doubt any bank would move, that would be a major brain drain
but doubt any bank would move, that would be a major brain drain
Original post by gr8wizard10
sales/trading is continiously moving more electronic anyway, so headcount will probably decrease regardless of whether banks move their operations
but doubt any bank would move, that would be a major brain drain
but doubt any bank would move, that would be a major brain drain
Why would there be a brain drain, the employees would move with the bank?
Original post by hoping4thebest
"As someone wanting to work in the markets division of a bank, am I ****ed? Since Brexit means that apparently banks are moving salespeople and traders and middle/back office guys as well.
I heard that MS and the European banks are already making plans to move their markets business elsewhere away from London.
What else can I go into?"
(Asking for a friend/person-who-asked-me-for-advice here. Wrote exactly what he messaged me)
I heard that MS and the European banks are already making plans to move their markets business elsewhere away from London.
What else can I go into?"
(Asking for a friend/person-who-asked-me-for-advice here. Wrote exactly what he messaged me)
No - so far banks have moved near zero jobs. It is speculation at the moment. And some such as Barclays have committed to remaining in the UK (pretty obvious given its a British bank).
If we leave the single market, there may be an impact for operational staff, payments staff and fx sales and traders most noticeably.
Posted from TSR Mobile
(edited 7 years ago)
Original post by Maker
Why would there be a brain drain, the employees would move with the bank?
What if the employees don't want to move? Some of the most key will have families in the UK.
Posted from TSR Mobile
Original post by Maker
Why would there be a brain drain, the employees would move with the bank?
lol it's a lot more complex than just picking up and all happily dancing into the eu sunshine
Quick Reply
Related discussions
- How to get a job in High Finance
- Halal jobs for Muslims in Finance or IB
- Career
- De-banked for expressing alternative social views
- which would be the highest paid out of these jobs?
- which would be the highest paid out of these jobs?
- Who regrets the outcome of Brexit??
- HSBC 2024 Internships
- Bristol orgap year IB
- What is seo london and what us seo london candidate?
- Which out of Durham, Bath & Bristol has the best economics course?
- Standard Chartered Bank 2024 Graduate Scheme/Summer Internship
- Business Management as a degree? GOOD OR BAD?
- Is uni of Manchester good enough for a career in finance?
- ***Official Investment Banking 2023 Summer Internship Thread***
- Is it difficult for graduates of university of St Andrews to find a job?
- I need advice about employment as a foreigner
- Should I write a cover letter?
- Sunak rejects offer of youth mobility scheme between EU and UK
- Decision time- Msc finance UCL
Latest
Trending
Last reply 1 hour ago
Government Social Research - Research Officer Scheme 2024Last reply 1 week ago
So I made the worst decision of my life. I chose Biochemistry as my degree.Last reply 1 week ago
Issues with jobs because I cannot driveTrending
Last reply 1 hour ago
Government Social Research - Research Officer Scheme 2024Last reply 1 week ago
So I made the worst decision of my life. I chose Biochemistry as my degree.Last reply 1 week ago
Issues with jobs because I cannot drive
