Doing some research on HSBC I've come across a whole load of articles regarding BoAML, RBS, Nomura, UBS and maybe a few others that are cutting jobs in the next year. Nomura had a case of getting rid of grads. HSBC and RBS are cutting jobs across the investment banking division. Vickers report means for example BarCap could potentially move to Wall Street, significantly downsizing UK operations.
Makes me think, what's the point? Allow 100 hour weeks, just go work in PwC.
Because PWC is an accountancy firm, that's why.
Many banks are downsizing their IB activity, in pursuit of PWM expansion. The change will take a while (5 years MINIMUM),and shouldn't impact spring weeks significantly.
Many banks are downsizing their IB activity, in pursuit of PWM expansion. The change will take a while (5 years MINIMUM),and shouldn't impact spring weeks significantly.
Yeah I'm sure it won't have any impact now, or even for internships. But 2/3 years into the profession and you won't even be sure if you can go in the next day.
Hmm, maybe I'm being influenced more than I think by the media.
Makes me think, what's the point? Allow 100 hour weeks, just go work in PwC.
But I'd find doing 100 hours on something I'm interested in easier than doing 50 hours at an accounting firm (nothing against accounting, just no my cup of tea).
Apart from all the obvious places, where have others applied for? I understand some are a little reluctant to say but a few more people applying here is unlikely to kill chances.
Yeah I'm sure it won't have any impact now, or even for internships. But 2/3 years into the profession and you won't even be sure if you can go in the next day.
Hmm, maybe I'm being influenced more than I think by the media.
No you are actually thinking like 90% of the traders, VP's etc in the City.
There is an alternative, and that is buy - side. Think how little (negative) media coverage there is for buy - side companies compared to the sell - side?
Yet it's the Buy - side firms that are making the real money, by taking the positions.
No you are actually thinking like 90% of the traders, VP's etc in the City.
There is an alternative, and that is buy - side. Think how little (negative) media coverage there is for buy - side companies compared to the sell - side?
Yet it's the Buy - side firms that are making the real money, by taking the positions.
I withdrew mine because I chose I can only work on Aruba - I thought I'll be able to apply again. Is it against the rules to make a different account and apply again?
Apart from all the obvious places, where have others applied for? I understand some are a little reluctant to say but a few more people applying here is unlikely to kill chances.
This thread isnt just viewed by people who make comments and are members, think about all the people who view it from google searches and other sites
But I'd find doing 100 hours on something I'm interested in easier than doing 50 hours at an accounting firm (nothing against accounting, just no my cup of tea).
Depends what you want to do in IB. Profesional services isnt just checking balance sheets
I withdrew mine because I chose I can only work on Aruba - I thought I'll be able to apply again. Is it against the rules to make a different account and apply again?