www.efinancialcareers.com/students | Careers in Financial Markets 2014
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Careers in Financial Markets 2014 is published by eFinancialCareers Ltd
www.efinancialcareers.com
Publishing & Project Manager Janice Chalmers
Editor Paul Clarke
Design BergHind Joseph
Artwork Jake Johnstone
Contributors Nicol Degli Innocenti Ryan Harrison Frances Perraudin
Sub-editor Annabella Gabb
© eFinancialCareers Ltd
No part of this publication may be reproduced without permission.
Careers in Financial Markets 2014
Welcome to the 2014 edition of Careers in Financial Markets from eFinancialCareers. If you’re looking for a job in the financial sector, this guide is designed to give you an overview of the options available and an edge over your peers in this fiercely competitive industry.
If you believed the headlines, you’d think that the investment banking industry was struggling to attract good students, but the reality is that it’s tougher than ever to get in. Goldman Sachs says it receives 17,000 applications for the 300 places on its summer internship programme, while the Association of Graduate Recruiters reckons there are 135 students fighting for every place available in the investment banking sector.
We can give you a helping hand. Careers in Financial Markets brings you the inside track from those working in all the different sectors across the industry on what it takes to get in – and then succeed in your career.
In the first part of this book, we guide you through the application process – everything from sprucing up your resume to making it through the dreaded assessment centres. Banks’ recruitment teams, careers coaches and those who have made it through the process themselves all offer tips on how to excel. We then take a sector focus: first we examine the career options in investment banking, and then we give an insight into careers elsewhere in the financial sector, including private equity, fund management and accounting.
All our articles feature insights from senior financial services professionals, as well as information on pay and bonuses from junior levels through to the senior ranks. We use the US dollar as the default currency for pay and revenue figures.
Finally, don’t use this guide in isolation – visit the Students tab on
www.efinancialcareers.com to receive regularly updated news and advice on the graduate recruitment market to stay ahead of the competition.
Paul Clarke Editor
2 Getting In
2 A Truly Global Industry 4 Show Me the Money
6 What It Really Takes to Get In
8 Positioning Yourself on Paper
10 Graduate Recruiter Q&A 12 The Final Hurdle
14 The Rise and Rise of Internships
18 38 56 Investment Banking
18 Mergers & Acquisitions 22 Equity Capital Markets 26 Debt Capital Markets 28 Sales & Trading 30 Research
32 Compliance & Risk Management
34 Operations 36 Information Technology Financial Services
38 Fund Management 42 Alternative Investments 43 Global Custody 44 Interdealer Broking 46 Wealth Management 48 Corporate Banking
50 Data Providers & Rating Agencies
51 Insurance 54 Accounting
Employers 56 Company Profiles
GETTING IN
INVESTMENT BANKING
FINANCIAL SERVICES
EMPLOYERS
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