The Banker’s Post

💼 Big shifts are unfolding in Asia's banking sector! 🚀 Morgan Stanley is boosting bonus payouts for top bankers by up to 50%, igniting fierce competition for talent and reshaping compensation norms. As the landscape evolves, professionals must stay nimble to seize new opportunities while navigating potential challenges. Are you prepared to adapt and thrive in this dynamic environment? 🌏 #Finance #Banking #MorganStanley #Bonuses #CareerGrowth #AsiaFinance #RegTech #Finance #Banking #MorganStanley #Bonuses #TalentCompetition #AsiaFinance

The European banking teams that are thriving

Well-being of bankers matters. ✅ Great to see this development at J.P. Morgan regarding dedicated resources to employee well-being for their junior bankers. Judging by the comments in the article, such development could be seen as 'superficial' given the significant demands placed upon employees who work in investment banking, as well as the fact that the Financial Times chose to highlight the word 'wellbeing'. Yet, whilst this measure may not 'shift the dial' and change the culture of investment banking (which is another topic altogether), such employees need to have access to resources and know where to go to get support when it comes to maintaining their individual well-being. Recent tragic cases only emphasise the significant importance of this. As I noted in the title of an unrelated email I recently received, "all lives matter", and that includes those who are on the front line meeting the demands of the clients of the bank, no matter how junior they may be. #wellbeing #finance #wellbeingatwork

The field of banking offers abundant opportunities for those ready to embrace an entrepreneurial spirit in a dynamic and rewarding career! Banking is a gateway to understanding how the world works and a tremendous springboard for intellectual and personal growth. It’s about far more than just loans and deposits—it’s a dynamic field that spans operations, risk management, governance, finance, credit, legal, HR, and others. I recently spoke with Kansas Bankers Assn, representative of the Robbins Banking Institute - FHSU at Fort Hays State University about opportunities for students with psychology degrees in our sector as HR professionals and organizational behavior experts. As our corporations evolve, we need organizational behaviorists and people with diverse skill sets to play a critical role in navigating change, enhancing team dynamics, and improving communications. I know many former bankers who have transitioned to the other side of the desk, building businesses and becoming clients to banks themselves. Banking is an industry packed with opportunity. You may choose to grow within it or leverage the skills to pursue entrepreneurial ventures – the possibilities are endless!

This month is #CareerDevelopmentMonth and we had our very own Sam Gruber share some important tips to help you develop your career. Watch the video to learn about career paths available in banking!

As corporates put more pressure on their bankers to move from the traditional transactional and vendor relationship to that of a partnership and trusted advisor, banks need to take a more active role in assessing and training their relationship management workforce. Here’s how UOB worked with Oliver Wyman Asia Pacific to build a new age talent strategy and shape the next generation of bankers.

As corporates put more pressure on their bankers to move from the traditional transactional and vendor relationship to that of a partnership and trusted advisor, banks need to take a more active role in assessing and training their relationship management workforce. Here’s how UOB worked with Oliver Wyman Asia Pacific to build a new age talent strategy and shape the next generation of bankers.

Bonus-Adjusted Scorecard for Well Being: Surprising how simple this could be to manage yet it continues to persist. While scientists continue to explore life on Mars, bankers continue to press juniors like lemons. Aside from running a simple cost-benefit calculation of the marginal unit of input (-> Jr banker cost) to it's marginal output (-> PnL benefit), a metric should be included measuring the overall transaction conversion success rate to the volume of pitching. Similar to portfolio management performance measurement (return per unit of risk, return per unit of externality, etc). Bonus = X + Y +...+ [Employee Well Being] Well Being = a + b + ([PV of extra unit of input] * [% of conversion rate]) The amount of senseless pitching, throwing 'spaghetti at the wall', pseudo half-fast client coverage, not knowing the output’s utility or decision-making ability, or its affect or impact ('move the stock') is still shockingly high. Work-life balance shouldn't be traded like a commodity based on age or company rank. #employeewellbeing #qualityoflife #workflowefficiency

“Long hours have been a perennial feature of investment banking for as long as I can remember” Did you know that investment banking remains a field where 80-hour weeks are common, despite new measures to improve work-life balance? ➡️ JPMorgan and Bank of America have introduced policies to limit hours and track time, but the demands of bespoke deals and high client expectations keep pressure high. ➡️ The gruelling hours are tied to the nature of the business: investment banking is a bespoke, service-driven industry where client satisfaction is paramount. ➡️ This culture gained attention in 2021 when Goldman Sachs analysts revealed the toll of 100-hour weeks on their mental health, sparking debates about work conditions. ➡️ Even as technology advances, it has often increased expectations - analysis and turnaround time, making it harder to cut back on hours. Despite some efforts, the balance between intense client needs and employee well-being remains a challenge. ➡️ A true change might require redefining how banks interact with clients, setting clearer boundaries, and managing expectations. However, this would require a radical change to how the industry functions. Article Credit: Financial Times, 2024

Here’s another good about my journey of leaving my banking career! It was a profound rocky path of personal growth and authenticity. This transition is an inspiring reminder that it is important to stay true to oneself and embrace change with confidence. #breakingstereotypes #buildingrelationships #womenentrepreneurs #makingchangehappen #girlpowertalk #courage #nevergiveup #inspire #coachingjourney #boldmoves Read the full article here & tell me what you think: https://lnkd.in/gHftqD-A