Tag: paid

Whatever else happens in his career, Ralph Hamers will be able to take pride in the fact that he was partly responsible for the biggest quarterly profit ever reported in the history of banking.  He was only CEO of UBS for five days of that quarter, admittedly, but he was in the top job when the acquisition of Credit Suisse was agreed, so in his ...

Investment banking ages you. As former Goldman Sachs associate turned academic Alexandra Michel famously discovered in a study over a decade ago, the average banking career only lasts seven years but during that time participants go through a brutal initiation of overwork leading to alopecia, weight gain and physical and mental deterioration. Those who persist learn to pace themselves the hard way. One of those ...