Trabajar en banca
Me han escrito numerosas veces en privado, gente que se esta graduando en economicas y similares, sobre como trabajar en banca, y solo hace falta poner la tele un rato para darse cuenta de que no es el mejor momento!
Este año se han anunciado 22500 despidos, eso no es nada comparado con los 106000 despidos que hubo en los ultimos 5 meses del año pasado!
Aqui teneis una lista de Bloomberg de los despidos anunciados desde Agosto del 2011:
Bank of America – 33,500
HSBC – 30,330
Royal Bank of Scotland – 9,842
UniCredit – 6,150
Citigroup – 5,000
Intesa Sanpaolo – 5,000
Banca Monte dei Paschi dei Siena – 4,600
Mizuho Financial Group – 4,000
Barclays – 3,622
UBS – 3,500
ING – 2,830
Allied Irish Banks – 2,500
Deutsche Bank – 2,400
Credit Agricole – 2,350
Morgan Stanley – 2,300
Danske Bank – 2,000
Nordea Bank – 2,000
Societe Generale – 1,580
Credit Suisse – 1,500
National Australia Bank – 1,400
BNP Paribas – 1,396
Australia & New Zealand Banking Group Ltd – 1,000
Eso es mucha gente con experiencia mandando CVs!
At Least A Third Of Investment Banks Will Give Up Global Ambitions
And another 40,000 investment banking jobs are likely to go as a result
‘Three to five years from now, we expect fewer than ten truly global players to remain. Perhaps only five will maintain a full-scale model across all major products and regions’, the report says.
Bloomberg reported last week that Wall Street firms must slash pay and headcount and shed almost a third of their trading-business assets to earn even half the returns they once made, according to Sanford C. Bernstein analysts.
So-called risk-weighted assets at U.S. banks have to shrink 33% and European lenders must slice 28%, Bernstein analysts led by Brad Hintz and Chirantan Barua wrote in a note to clients today. The firms also must cut their compensation ratio to 40% of revenue from 50% by firing high- paid managing directors and replacing some traders with computers, they wrote.
‘This implies that the industry is likely to shrink, and more firms will ultimately need to follow UBS to the exit’, the analysts wrote, referring to the decision last month by UBS AG (UBSN) to scale back its trading businesses. ‘Over the next few years we expect rampant consolidation’.
Dodd-Frank’s Volcker rule and "Title 7" derivative rules are at the heart of the controversy. Both provisions target trading activities in an effort to curb unrestrained leverage and protect banks’ ability to lend. But at what price?
"There are definitely questions about what the profitability of trading activity will be in a Dodd-Frank world. Trading operations are being radically resized throughout Wall Street in response to the regulatory environment," said Dean Ungar, financial services analyst for UBS (NYSE: UBS) . The Swiss bank announced plans to fire 10,000 bankers last month, as it abandons much of its fixed income trading operation, and joins a long list of banks in radical downsize mode, including RBS (NYSE: RBS), Deutsche Bank (NYSE: DB), and Bank of America (NYSE: BAC).
The potential cost as banks adjust to the new regulations is not yet known, but some experts say it could range into the tens of millions of dollars. Line items, however, are starting to add up: hundreds of compliance lawyers, new computer systems and IT personnel.
"Wall Street has spent enormous resources in direct costs of Dodd-Frank," said Ken Bentsen, executive vice president of public policy at the Securities Industry and Financial Markets Association. "Broker dealers and asset management companies will spend millions on interpreting what the rules may mean, and then adjusting their systems, documentation, and trading to comply."
For instance, regulations prompted Goldman Sachs (NYSE: GS) to launch "GSessions," an electronic trading system for corporate bonds this year, and plans to add more platforms tailored to equities and fixed income, according to CEO Lloyd Blankfein .
The explicit costs of new hires or new trading systems are ones banks can anticipate. The implicit costs, however – like a loss of liquidity and narrower profits margins – are unknown, and may ultimately be most onerous.
For example, derivatives reforms under Dodd-Frank’s Title 7 are likely to be costly to the largest banks, according an International Monetary Fund report.
Here’s the top 100 placed firms in our 2012 ‘Best Place to Work in the Global Financial Markets poll’.
2011 positions in brackets
1(1). Jefferies
2(5). Houlihan Lokey
3(3). Mitsubishi UFJ Securities
4(19). M & G Asset Management
5(4). Baird
6(2). Daiwa Securities
7(21). TD Bank Group / TD Securities
8(17). The Royal Bank of Scotland
9(28). Moelis & Co
10(37). Aberdeen Asset Management
11(22). Cantor Fitzgerld / BGC Partners
12(15). Wells Fargo
13(11). Goldman Sachs
14(43). Bank of Montreal / BMO Capital Markets
15(14). Citi
16(-). VTB Capital
17(10). Standard Chartered
18(9). UBS
19(8). Credit Suisse
20(66). PIMCO
21(7). Barclays
22(30). Nomura
23(16). Morgan Stanley
24(73). Rabobank
25(6). BlackRock
26(23). Macquarie
27(39). BNY Mellon
28(34). Schroders
29(27). BNP Paribas
30(13). JPMorgan / JPMorgan Chase
31(31). Credit Agricole
32(24). Bank of America / Bank of America Merrill Lynch
33(51). Perella Weinberg Partners
34(-). Newedge
35(38). Commerzbank
36(36). Man Group
37(42). Scotia Capital
38(33). Raymond James
39(26). Northern Trust
40(50). Oppenheimer & Co
41(52). Brown Brothers Harriman
42(29). HSBC
43(47). ICAP
44(45). Henderson Group
45(60). Sumitomo Mitsui Banking Corporation
46(40). Societe Generale
47(44). State Street
48(18). Legg Mason
49(79). National Australia Bank
50(12). Royal Bank of Canada / RBC Capital Markets
51(59). Mizuho Financial Group
52(90). Cowen Group
53(62). Charles Schwab
54(46). Threadneedle Investments
55(58). Lazard
56(61). Evercore
57(80). Allen & Co
58(63). Carlyle Group
59(35). AllianceBernstein
60(20). Quilter
61(49). Rothschild
62(56). Julius Baer
63(55). Investec
64(75). Sandler O’Neill & Partners
65(57). KKR
66(64). Deutsche Bank
67(91). Stephens Inc
68(25). Aviva Investors
69(-). Guggenheim Partners
70(53). ING Groep
71(41). Standard Bank
72(83). The Financial Services Authority
73(68). The London Stock Exchange
74(88). Natixis
75(71). Fitch Ratings
76(100). UniCredit
77(-). DBS Bank
78(65). Fidelity
79(67). F & C Management
80(-). ABN AMRO
81(-). CIBC / CIBC World Markets
82(86) KBC Bank
83(-). BBVA
84(72). Friedman, Billings, Ramsey Group
85(74). Edward Jones
86(84). Panmure Gordon
87(92). Meredith Whitney Advisory Group
88(87). Standard & Poor’s
89(89). SEB Group
90(77). Susquehanna International Group of Companies
91(-). Renaissance Group / Renaissance Capital
92(81). SAC Capital
93(93). Moody’s Investor Services
94(94). WestLB
95(85). JP Turner
96(76). Thomas Weisel Partners
97(96). Lloyds Banking Group
98(82). Paulson & Co
99(98). Piper Jaffray
100(99). Australia New Zealand Banking Corporation
¿Vamos con retraso? HSBC ha despedido tantos empleados como toda la banca española
La gran banca mundial ha despedido a casi 160.000 trabajadores desde que se inició la crisis a finales de 2009. Un fuerte ajuste de plantilla que en el caso de la banca española se eleva hasta unos 30.000 despidos. Una senda, la del ajuste de plantillas, que va a seguir produciéndose en el sector de la banca según apuntan los expertos.
visto lo visto es para pensarse lo de entrar en el mundo de la banca
como ya comenté, estoy en un proceso de selección (en teoría para Murex) para una gran consultora aquí en Madrid.
Ayer me llamaron de un gran banco donde Dalamar ya estuvo (en su ciudad financiera cerca de Madrid). El caso es que sería para trabajar como empleado directo del banco, no a través de consultora, pero la duda que me entra es que el trabajo consiste en trabajar con una herramienta interna del banco que no emplean en otros lados, por lo que el encasillarme en ello podría ir en mi contra (no sé si me entendeis). Todavía ni he empezado las entrevistas con dicho banco, así que es muy posible que no me seleccionen por la experiencia que piden, pero bueno, es una consulta que lanzo al foro
saludos!
SIGOM? Todavia tengo pesadillas… Si es esa el resto te lo digo en privado!
no es esa, se llama Prisma; lo vería con buenos ojos por el hecho de entrar en un banco, a partir de ahi… peligro de encasillarme y hartarme de dicha herramienta
Esa no la conozco! Si te ponen con Murex, entonces bien! Yo estuve con SIGOM entre otras cosas…
lo de Murex es con una consultora, el día 12 de Diciembre hago otro paso más del proceso de selección; doy prioridad a esta.