Investment and retail banking, equities, trading, derivatives, consultancy... enter the complex but lucrative world of high finance or become a corporate whore.
Just had super trading today... ABLE test was....interesting.. though I can see why it is like that, it really tests your ability to internalise and apply methodology..
I have a sneaking suspicion they are going to differentiate us using the test.
what do you mean "super trading"? did rbs have another trading assessment centre today?
ive been invited to a first round for Coverage and Advisory (what RBS call IBD) in GBM. Mine is the 11th November, I was told they had one on the 22nd October as well. Supposedly going to consist of one interview and three tests. Yeah, they called a mini assessment centre.
ive been invited to a first round for Coverage and Advisory (what RBS call IBD) in GBM. Mine is the 11th November, I was told they had one on the 22nd October as well. Supposedly going to consist of one interview and three tests. Yeah, they called a mini assessment centre.
When I had mine on the 22nd, there were only people for Sales and Trading. Otherwise it could be held in the afternoon...
For us it is 2 (ABLE test and Numerical) plus a competency interview with 2 people.
Yeah, i can confirm what samkiwi said.. 2 ppl will interview u, but don't worry the process is quite pleasant.. the test however is not terribly fun...well it gets fun at the end when you get the hang of it, but not when you are looking at it and going WTF at the start.
Still waiting on news from it, they say they will get back either today or tmr.
Right now tho, RBS doesnt look fantastic, bonuses wise or future prospects, everywhere is getting scaled back. Divisions are being carved out. I would not be surprised if there is a last minute mandate to cut down what was previously a decent hiring quota
On a much larger scale, imagine GS losing all their J.Aaron bits.
When other firms like CS, Socgen, Citadel, are biilding their commods business, these guys are losing theirs....
Barzini,
No doubt. It's a huge blow to RBS.
In my opinion, it's only fair that banks that received government aid should be penalized so that all banks are on the same playing field. The E.U. Commission has been quite consistent with their stance on state aid issues (ex. Renault) so it's not surprising that RBS is forced to sell its assets including parts of the investment banking business.
However, these coerced divestments only make paying back to the U.K. taxpayers more difficult.
ive been invited to a first round for Coverage and Advisory (what RBS call IBD) in GBM. Mine is the 11th November, I was told they had one on the 22nd October as well. Supposedly going to consist of one interview and three tests. Yeah, they called a mini assessment centre.
dabm50,
Let me know how it goes. Best of luck to you!
If you have any questions regarding the C&A division and its structure, please visit this thread that I started:
Yeah, i can confirm what samkiwi said.. 2 ppl will interview u, but don't worry the process is quite pleasant.. the test however is not terribly fun...well it gets fun at the end when you get the hang of it, but not when you are looking at it and going WTF at the start.
Still waiting on news from it, they say they will get back either today or tmr.
Right now tho, RBS doesnt look fantastic, bonuses wise or future prospects, everywhere is getting scaled back. Divisions are being carved out. I would not be surprised if there is a last minute mandate to cut down what was previously a decent hiring quota
My status still says invited to a trading super centre but havent got any info yet?
What is the ABLE test?
I get the feeling they are waiting to see if people from first AC accept, I hope not, I couldnt go on that one cause I was waiting on my school to send through a letter, oh well.
Headhunters have received CVs and phone calls from scores of disaffected staff in Royal Bank of Scotland's global banking and markets division, following the bank's decision to halt cash bonuses for three years and defer the bulk of all securities-based variable compensation.
I've got the first/initial assessment centre for RBS Sales Grad next week; I was wondering if you could tell me how the day is structured, and what type of questions they ask in the interview?
Headhunters have received CVs and phone calls from scores of disaffected staff in Royal Bank of Scotland's global banking and markets division, following the bank's decision to halt cash bonuses for three years and defer the bulk of all securities-based variable compensation.
This is pretty bad I hope the best for people there though, and maybe they'll tack in a provision that takes off the bonus limitations if the banks were to perform well... but with 84% government ownership, who knows.
This is so stupid, don't they know that it is bad for RBS in the long run if the lose talent like this?? Bonuses are there for a reason, to attract and retain talents... no foresight whatsoever...
Investment and retail banking, equities, trading, derivatives, consultancy... enter the complex but lucrative world of high finance or become a corporate whore.
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Re: RBS - GBM assessment day invites Oct 09
I hope the best for people there though, and maybe they'll tack in a provision that takes off the bonus limitations if the banks were to perform well... but with 84% government ownership, who knows.
