Lloyds wholesale markets and tradin london grad views?
Lloyds wholesale markets and tradin london grad views?
lonodn roation programme with Sales, tradin, dcm and lev finance
pay in 3 years? bonus culture low but hours good? good place to work?
oobs not tier 1 or even 2
but is expanding and, compared to SocGen, standard chartered, commerzbank, Credit Agricole, etc ?
any ideas views?
for future opps
plus vs standard bank, jefferies ect tier 3
i think lloyds dcm and fx sales is quite good anyone else know more about their presence and london rep in investment banking terms (obs they don do m&a)
Less competitive compared to those you have mentioned, but also lower pay. To be honest I don't think 3 year pay will be great, 2nd year pay rise isn't huge because of how the grad. scheme is structured, also issues regarding state aid limit possible bonuses. Having said that Lloyds does have a very nice culture in terms of work life balance etc.
In terms of expansion, bear in mind the possible shift back to retail banking under Horta-Osório. As you mentioned I think they do have a reasonable DCM team. I think the work they mentioned was in regard to capital raising for building societies.
This is based on my experience in 2010 (before Horta-Osorio joined) so I am not sure how relevant this is.
Also the scheme is pretty new, it used to be corporate markets but they broke it into 2, one of which is wholesale markets and trading.
so you worked their in 2010?
yeh but due to forced scaled back in retail (state aid so need to cut 632 banks) they want to expand their "investment" banking unit. If look at their hires it seems that way. plus i was told by lloyds managers.
yes they have split it into wholsale markets and trading and corporate banking. i think wholesale markets and trading is better you deal with bigger clients and do similar dcm deals to Bulge bracket firms. corporate banking is relationship banking on a corporate level.
But as you said and as I beleive is true 3 year pay not great? (anyone esle got experience). maybe pay will improve as business deals improve increase? and i agree state may limit bonus but rbs doesnt suffer as much so i dont know? grad starting is 40 i reckon after 3 years max would be 60 (including any bonus)?
yeh i get the impression the employees work less hours have a better life i mean if you worked dcm thier i cant imagin 9-9pm more like 9-7pm at lloyds.
what do you think or others think about transfer opps after 4 years to associate level at other banks i.e credit suisse, barcap, ??
Dolor voluptas et exercitationem odio et. Consequatur sit inventore ut et corporis ea sit. Eos tenetur ea id provident iure.
Et molestiae quidem commodi est. Aut fuga est omnis est enim architecto ipsam quia. Et iste rem voluptatem molestiae. Et ullam iusto numquam possimus architecto accusantium. Fugiat rem aliquid aspernatur et perspiciatis illum. Earum velit neque fuga ad officiis. Et est omnis assumenda saepe.
Quidem fuga eum placeat est corrupti dolor. Odio alias itaque aut tempora rerum quam voluptas. Quis recusandae magni consequuntur ex quos odio. At beatae accusamus neque consequuntur amet sit. Quidem maxime doloremque porro pariatur recusandae. In nesciunt quae odio nobis ullam laboriosam. Officiis enim velit ducimus consequuntur quia quam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...