Just in time for the Olympics, you may want to consider London-based bank Rothschild in your job search.
Between its combined British and French businesses, Rothschild generated nearly $1 billion in revenue from its core financial advisory business in the year ending March 2012. A figure like that means it's good enough to compete with stalwarts like Credit Suisse, Deutsche Bank and Citigroup, Financial News reports.
The bank ranks 10th in the world for announced mergers and acquisitions and ninth in Europe. It's also hired 125 bankers in the New York, boosting its U.S. business.
You may think the bank is old-fashioned, having been in existence for more than 200 years, but at a time like this, that's a title worth having. It offers independent financial advice, which means it can circumvent some conflicts-of-interest that have plagued other banks, and still functions as a private-ownership model, which means the bank isn't obsessed with quarterly earnings.
Its staff tend to stick around, and the bank doesn't "hire armies of monochrome M.B.A.s," according to Financial News.
Maybe there's nothing wrong with a little tradition, after all.
That's one way to do it: Michael O'Neill, Citigroup's new chairman, is going around the bank asking everyone how they do what they do, why they do what they do, where they do what they do, etc.
Tough times at London-based hedge fund Man Group. The firm will have to cut jobs as part of a new round of cost cuts.
Russian Banking (Mergers & Inquisitions)
To break into investment banking in Russia, you'll need to be ready for clients who don't pay and firms that only hire a few people a year.
Just over one third of applicants passed the first test of the Chartered Financial Analyst exam, roughly on par with last year's total.
Peter Bowden, formerly the head of midstream energy investment banking at Morgan Stanley, has joined Jefferies in that same position. His move reflects a recent trend: people jumping to smaller banks.
The tech industry seems to be making strides in terms of promoting women, while the finance industry lags behind.
In an effort to get customers and creditors their money, the numerous trustees of MF Global's bankruptcy are suing each other.
Genius and success don't have to be innate, workplace coaches say. Instead, working hard and realizing you can strengthen your abilities can help you get ahead.
Buzz Around the Office
The second-annual Hipster Olympics kicked off in Berlin last weekend. The games are made up of physically-taxing events like the skinny jeans tug of war, the horn-rimmed glasses throw and the always-popular make-your-own ironic hipster mustache competition.
List of the Day: Why You're Not Getting Called Back
Here are some reasons why you don't hear back after sending in your resume.
1. The computer has screened you out.
2. You're not qualified.
3. Your resume wasn't formatted properly.
(Source: Glassdoor.com)
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