2014 Investment Banking Bonuses: Capital in the Twenty-First Century?

39 Comments | Investment Banking - Salaries & Bonuses

2014 Investment Banking BonusesNOTE: This is a revised version of an article we initially published, but then deleted, last week. This version has significant updates and corrected numbers.

Zero percent.

Or maybe 10%?

No, not the growth rate in bonuses this year.

I’m referring to the percentage you’ll actually keep.

At least if certain French economists had their way and implemented a “global wealth tax.”

The good news this year is that the rest of the world has not yet turned into France, which actually has a wealth tax.

The second piece of good news is that bonuses are up substantially.

The bad news is that it’s still not 2007, and the market may not stay this “hot” for long.

But hey, at least your life might be improving with all these new “protected weekends”!

What Were Bonuses This Year?

Let’s start with the cold, hard… ranges:

Metals & Mining Corporate Development and Investor Relations: Measured and Indicated Exit Opportunities?

8 Comments | Corporate Development & Corporate Finance - Groups & Regions

Metals & Mining Corporate DevelopmentWhat would you do to own your own gold mine?

Would you be willing to start out in a call center at a bank?

Or commute 2 hours each way to a remote branch of the bank, just to get better work?

What about hustling your way into the mining industry, even after you’ve had solid full-time finance experience?

The answer to all those better be “yes,” because our interviewee today – Jerry Huang – had to do all of that and more when he first broke into the industry.

I’m not sure if he owns a gold mine yet, but just give it a few hours…

Natural resources is always a “different” sector, and in this comprehensive interview he breaks down metals & mining corporate development and investor relations, including:

  • The windy path he took to break into metals & mining in Canada.
  • How recruiting differs in natural resources, especially at smaller companies.
  • What an average day in the corporate finance team of a natural resources company is like.
  • How JV and asset-level deals differ from acquisitions of entire companies, and how you think about each of them differently.

Let’s get the shovels out and start digging:

From Call Center to Corporate Development: Mining for Gold

How to Network at Events and Information Sessions When You’re Not Feeling Sociable

7 Comments | Investment Banking - Networking

Silence.Networking When You're Not Feeling Sociable

Awkwardness.

A loss for words.

You just went to an exciting event at a great venue – The Rainbow Room at Rockefeller Center – and you were certain you’d do incredibly well networking there.

You even wore your best set of clothes.

But as soon as you arrived, you felt uncomfortable and you had no idea what to say to anyone there.

To complicate things, you also didn’t know anyone else there.

And now you just bumped into an MD at Goldman Sachs and stumbled for words, embarrassing yourself in the process.

This happens all the time when you’re attending events, but if you want to network successfully you have to find a way to overcome these feelings.

After all, you stand a much better chance of meeting people, developing relationships, and winning interviews and job offers by attending events than you do by sitting behind the computer screen “leveling up” on LinkedIn all day.

So here’s the step-by-step process to follow when you’re not in a sociable mood, but you need to attend an in-person event and network anyway:

Step 1: How to Find Interesting and Useful Events in Your City