• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

  • You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
  • You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
  • If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

Previously on "So whats so special about Banking?"

Collapse

  • Gonzo
    replied
    Originally posted by MarillionFan View Post
    But IB? Even bog standard technical skills have a significant premium. Starting rates at £450. I am forever
    seeing SQL/Reporting/BI work offered at £500-£600 per day.

    But all the same. Must have IB. Must have equities. Must have derivatives.
    It is not the work that is difficult, it is the customers. That is why they want people that can deal with it.

    Originally posted by Pogle View Post
    Whats so special about banking you ask?
    Why, it's full of bankers - you'll fit in nicely
    You would do fine if you can get in.

    Leave a comment:


  • Pogle
    replied
    Whats so special about banking you ask?
    Why, it's full of bankers - you'll fit in nicely

    Leave a comment:


  • MarillionFan
    replied
    Excellent. 1st try. 1st hit.

    Just got an interview for a senior management role at an investment house, 20 miles away.

    Perm though. But hell. Why not?

    Leave a comment:


  • TimberWolf
    replied
    Originally posted by MarillionFan View Post
    I will neglect from clicking this hyperlink thanks. Looks too much like it could be a Rick Roll or that annoying link which flicks up a large repetitive video of some guy getting shagged up the bottom while playing 'You spin me right round, baby right round' at top volume!
    You've got me reminiscing about Celebrity Big Brother now. What a classic:

    Last edited by TimberWolf; 7 October 2010, 09:29. Reason: Edit: Best played at top volume

    Leave a comment:


  • DimPrawn
    replied
    Originally posted by MarillionFan View Post
    So whats the deal here.

    Security Clearance versus Investment Banking?

    I get it that SC has a premium attached to it. Seems to be worth an extra 20% on top of the rates for a contract

    But IB? Even bog standard technical skills have a significant premium. Starting rates at £450. I am forever
    seeing SQL/Reporting/BI work offered at £500-£600 per day.

    But all the same. Must have IB. Must have equities. Must have derivatives.

    I did a few banks 10+ years ago but never IB.

    So how easy is this to learn? Are there specific books/papers that a contractor should read to get themselves up to speed for an interview?

    Would it be prudent to put feelers out and offer yourself at a discount rate to your technical skills to get in and learn the 'business?'
    FFS don't you thinking the IB industry is ****ed up enough without some lumbering oath banging at the keys with both thumbs?

    And besides, there's enough there already.

    HTH BIDI

    Leave a comment:


  • HairyArsedBloke
    replied
    Go into Rowley Birkin mode at the interview.

    "Chicago Merc"

    mutter mutter

    "wonderful position in a butterfly spread"

    mutter mutter

    "but theta decay was eating my arse"

    mutter mutter

    "took profit"

    mutter mutter

    "and the waiter said they had no more of that vintage"

    mutter mutter

    "the charming gal had to help me with my trousers"

    mutter mutter

    "I must admit that I was very, very drunk at the time"

    Leave a comment:


  • Mich the Tester
    replied
    Originally posted by Jog On View Post
    How is your brand?

    You have to be:

    MF - the brand

    Leave a comment:


  • MarillionFan
    replied
    Originally posted by Xenophon View Post
    MF, you need a sharp suit and a big donger to get in.

    PM me for details.

    I understand. But what am I going to do with your big suit and sharp donger?

    Leave a comment:


  • Jog On
    replied
    How is your brand?

    You have to be:

    MF - the brand

    Leave a comment:


  • Xenophon
    replied
    MF, you need a sharp suit and a big donger to get in.

    PM me for details.

    Leave a comment:


  • Mich the Tester
    replied
    Originally posted by minestrone View Post
    Nobody has a clue about IB, even those who work in it.

    If I was asked a question I never knew the answer to I would just mutter something about the legs on the swap being incorrect then stare into the middle distance.
    Wrong; those who have a clue wouldn't touch it with a bargepole. See 2008 and our current economic predicament.

    Leave a comment:


  • minestrone
    replied
    Nobody has a clue about IB, even those who work in it.

    If I was asked a question I never knew the answer to I would just mutter something about the legs on the swap being incorrect then stare into the middle distance.

    Leave a comment:


  • MarillionFan
    replied
    Originally posted by Mich the Tester View Post
    http://electricpulp.com/guykawasaki/arse/
    I will neglect from clicking this hyperlink thanks. Looks too much like it could be a Rick Roll or that annoying link which flicks up a large repetitive video of some guy getting shagged up the bottom while playing 'You spin me right round, baby right round' at top volume!

    Leave a comment:


  • Mich the Tester
    replied
    Originally posted by MarillionFan View Post
    So whats the deal here.

    Security Clearance versus Investment Banking?

    I get it that SC has a premium attached to it. Seems to be worth an extra 20% on top of the rates for a contract

    But IB? Even bog standard technical skills have a significant premium. Starting rates at £450. I am forever
    seeing SQL/Reporting/BI work offered at £500-£600 per day.

    But all the same. Must have IB. Must have equities. Must have derivatives.

    I did a few banks 10+ years ago but never IB.

    So how easy is this to learn? Are there specific books/papers that a contractor should read to get themselves up to speed for an interview?

    Would it be prudent to put feelers out and offer yourself at a discount rate to your technical skills to get in and learn the 'business?'
    You'll need to pass this exam.

    Leave a comment:


  • MarillionFan
    started a topic So whats so special about Banking?

    So whats so special about Banking?

    So whats the deal here.

    Security Clearance versus Investment Banking?

    I get it that SC has a premium attached to it. Seems to be worth an extra 20% on top of the rates for a contract

    But IB? Even bog standard technical skills have a significant premium. Starting rates at £450. I am forever
    seeing SQL/Reporting/BI work offered at £500-£600 per day.

    But all the same. Must have IB. Must have equities. Must have derivatives.

    I did a few banks 10+ years ago but never IB.

    So how easy is this to learn? Are there specific books/papers that a contractor should read to get themselves up to speed for an interview?

    Would it be prudent to put feelers out and offer yourself at a discount rate to your technical skills to get in and learn the 'business?'

Working...
X