2015 Investment Banking Bonuses: Has the Countdown to a Total Market Crash Begun?

13 Comments | Investment Banking - Salaries & Bonuses

2015 Investment Banking BonusesOne of my favorite stand-up comedians is Chris Rock.

He’s old-school, but some of his bits are hilarious no matter how many times I watch them.

In one of my favorites, he explains the difference between men and women: men cannot go backward sexually, and women cannot go backward in lifestyle.

(WARNING: This clip is incredibly NSFW. It is also highly offensive if you’re male, female, or anything in between. Also, this is very US-specific and doesn’t apply to many other parts of the world. You’ve been warned. I know you’re going to watch it anyway.)

He gets to one of the best lines midway through the bit:

“When you lose your job, you will lose your woman. She may not leave you the day you lose it… but the countdown has begun.”

I kept thinking of that line as I was gathering data on investment banking bonuses this year.

Compensation is up and to the right… M&A activity is at a record high… and we’re approaching 2007-level bonuses… but the countdown to a market crash has begun.

And if you haven’t been hiding a rock for the past week, you’ve seen the first stages of the crash in action.

Investment Banking Bonuses: 2007 Called and Wants an Invite to the Party

Sovereign Wealth Funds in Australia: The Best Way to Break into Finance off the Beaten Path?

10 Comments | Private Equity & The Buy-Side - Groups & Regions

Sovereign Wealth Funds in AustraliaWhat do you do when you don’t fit in?

For example, what if you have so much work experience that you really don’t want to start out as a first-year analyst at a bank?

Or what if you want to work in finance, but you don’t want to “pay your dues” in investment banking at all?

And to make things even more difficult, what if you’re in a country that also has fewer opportunities?

That’s a tough one.

But our interviewee today dealt with all of those challenges and more when he won an offer at a sovereign wealth fund (SWF) in Australia, and then moved up through the ranks there.

We have received so many requests to cover sovereign wealth funds that I’m not going to give you a bulleted list of the topics we discuss – just keep reading for your full crash course:

Breaking In: How to Skip Investment Banking

Exit Opportunities as a Post-MBA Investment Banking Associate: Impossible is Nothing?

11 Comments | Investment Banking - How to Quit Your Job

Investment Banking Associate Exit OpportunitiesImpossible is nothing.”

But it might be something when it comes to exit opportunities as an Associate in investment banking.

Look at online discussions of this topic, and you’ll see words like “black hole” and “bottomless void” used to describe your options.

In reality, though, things are not even close to this abysmal.

There is a strong tendency for online discussions to veer into extremes: “X is impossible” or “Y never happens.”

But real life is more nuanced.

So even if you’re about to start work as a post-MBA IB Associate, you still have plenty of exit opportunities… IF you know how to find and exploit them:

Weren’t You in Banking for Life? How Did It Come to This?