"While first year analysts at several major U.S. banks, including Goldman Sachs Group Inc., are looking forward to fatter paychecks, it seems their European counterparts can brace themselves for relative austerity. Credit Suisse Group AG and Deutsche Bank AG are monitoring the situation and haven’t made any decisions yet on increasing salaries, people close to the banks say.
A person familiar with the matter says that Barclays in the U.S. will increase junior banker pay in line with the rest of the street. It’s not clear whether Barclays will do the same for its operations in Europe. UBS AG said it was comfortable with the current mix of pay and bonuses, according to one person familiar with the matter." (Dealbreaker)
Beginning first year as an investment analyst at a $5B debt fund. Invest in global credit situations across the cap structure (senior loans, HY bonds, mezz and equity co-invests) in Europe and the US.
Based in London, spent summers at a BB in M&A and at a multi-strat HF in Europe. 'Target undergrad' with BusAdmin degree in Europe.
Here's the 3rd part of the Spring Week guide. Hope you found the whole series useful and if you'd have anything to add/comment feel free to do so.
If you have multiple offers, it is usually okay at this stage to renege on an offer after signing but you should try and avoid it. Check the dates of various internships to ensure they do not clash, let the bank know as soon as possible and accept the offer(s) on the basis of the bank’s individual strength in your chosen division/sector, its culture and how well you think you will ‘fit’. This advice should not be applied if you have received a Summer Analyst offer or Full-Time offer – reneging on an offer after singing for those positions should be strongly avoided.
Here is the official SW thread where we can discuss our applications for the 2015 recruitment cycle. I have put together a list below just to make things easier (going to keep this updated as applications open).
Bank of America Merrill Lynch:
https://www.credit-suisse.com/uk/en...ternship-programs-emea/outreach-programs.html (Open Now)
Psychometric tests is the stage where most candidates are filtered out so it's definitely a crucial part of your application. Read this through and you have increased your chances by a mile.
And as always, feel free to add your comments!
The 3 Test Providers
SHL: These tests are timed overall with four or five options to choose from. In these tests you can't go back and change your answer.
The banks using them are BarCap/UBS/JPM/RBC and HSBC.
Title says it all. If you'd love to have some feedback on the chances of you breaking into a certain role given your current situation/background, fire away at this thread!
This three part guide will go into depth answering the most common questions with regard to the application process and interviews. The hardest part of the process is actually passing the initial screening/psychometric tests and then getting an interview in the first place, so the emphasis will be put on these.
Once again feel free to comment on this and add any other advice you may have, greatly appreciated.
Your subject choice at university does not matter. It’s as simple as that. Apply whatever your background. Your A Levels subjects also carry little weight as long as you meet the minimum requirement for that institution. It’s also worth mentioning if you are at a top-tier target university, your subject choice does not matter.
It's never too early to start off, right? Here is a quick guide for the young ones who want to position themselves well in future. Let me know if there's anything I left out – and feel free to contribute with your own experiences.
I’ve listed this first as it is the most important point. Do not underestimate how important it will be for you to do well at your GCSEs. These grades will not only get you past automatic filters but will also look impressive as well as facilitating what A Level choices you can make. Your competition within investment banking will have flawless grades so you should benchmark yourself against very high standards – by working hard now, you make things easier for yourself in future.
1) Canary Wharfian is an anonymous community
2) Post threads in the appropriate section
If your thread doesn’t seem to fit any of the sections, the Basketball Court (off topic discussions) is the way to go.
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