Bonus advisory day - How much!!
Bonus advisory day is soon upon many of you (although not all of you anymore). It's the day you'll have waited 12 months for. Judgement day.
Bonus advisory day is soon upon many of you (although not all of you anymore). It's the day you'll have waited 12 months for. Judgement day.
I woke at 3am in the morning thinking something was amiss. It was. I was fully clothed in bed - but missing a cuff-link.
There was a time in my once brilliant career that, being a good corporate type, I volunteered for intern recruitment duties.
Once every couple of years, Goldman Sachs whispers in the ear of the chosen few - top executives tell employees who made it to partner.
I’m leaving the trading floor after a long career. I’m done and dusted. Experienced just means old.
We're old, expensive and worn out. But once we were the future.
When I was at UBS in New York many moons ago, the firm announced an end to the free lunch policy at the pantries on each corner of the massive dealing floor. As soon as this policy got out, many of the guys in corporate bond sales starting stockpiling free bottles of soda and water under their desks.
It was going to be like joining Goldman Sachs - without going attending all the interviews.
Another day, another grisly story of changing markets, bank shrinkage and the constant news of likely job losses.
It’s the moment that every financial market professional dreads - when your boss tells you that you're getting a big fat zero.
So how are most traders feeling at the moment ?
'A friend of mine left the market two years ago. He used to be one of the traders at my first firm, so we go back ages. He had achieved what he set out to do when he started his career in the markets. What a lucky guy - or so we thought.
I woke at 3am in the morning thinking something was amiss. It was. I was fully clothed in bed - but missing a cuff-link.
With investment banks laying off people and down-sizing, a lot of us trading room veterans sit quivering at our desks, especially in the quiet summer months, wondering what our next move is going to be post life in the markets.
Realising that there's to be no 'get out of jail free card' for the next ten years or so, and that making easy money from a career in the markets is history, means that many bankers are now questioning their place in the scheme of things.
Bonus advisory day is soon upon many of you (although not all of you anymore). It's the day you'll have waited 12 months for. Judgement day.
Another day, another grisly story of changing markets, bank shrinkage and the constant news of likely job losses.
I’ve been meaning to write something about the trials and tribulations of recent life in the markets for some time now.
Just sometimes you still feel like a genuine player.
When I was at UBS in New York many moons ago, the firm announced an end to the free lunch policy at the pantries on each corner of the massive dealing floor. As soon as this policy got out, many of the guys in corporate bond sales starting stockpiling free bottles of soda and water under their desks.
Once every couple of years, Goldman Sachs whispers in the ear of the chosen few - top executives tell employees who made it to partner.
We're old, expensive and worn out. But once we were the future.
When I was at UBS in New York many moons ago, the firm announced an end to the free lunch policy at the pantries on each corner of the massive dealing floor. As soon as this policy got out, many of the guys in corporate bond sales starting stockpiling free bottles of soda and water under their desks.