Wednesday, March 27, 2013

Banks reject “ridiculous” 30 percent pay raises

eFC.com
Hiring and pay trends in banking, finance and securities 28 March 2013
TOP STORIES
Investment banks reject "ridiculous" 30 percent pay raises
Investment bankers in Hong Kong, licking their wounds after receiving poor bonuses, are demanding massive pay increases when they jump ship.
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Desperate Asian investment bankers flee to corporate banking
A bleak hiring outlook is forcing a few investment bankers in Hong Kong to do what was “unthinkable” just a year ago: take a job in corporate banking.
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Banker pay can rise 17 percent after earning executive MBA
Stuck in the same job for ages? You might ask your employer to help finance an executive MBA in the hope it will pull you up the career ladder, expand your client network and ultimately improve your earnings.
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Twenty money-saving tips from bankers and their wives
If you want ways of saving money, an investment banker may not seem the best source of advice. Believe it or not, however,  bankers are changing their spending habits as their bonuses shrink and become allocated over several years. Both bankers and their once free-spending wives are suddenly becoming familiar with the art of thriftiness. For your benefit, we've spoken to a selection of current and ex-bankers and to their spouses about how they're cutting their personal spending.
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The best way to get out of banking
Banking careers are not what they were. The pay is less. The hours are still long. The opportunities for re-employment post-redundancy are minimal. Now is therefore an opportune moment to quit banking and try for a more illustrious career in industry.
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