How Much Am I worth?:Head of International Markets, Corporate Finance, European 2nd Tier Firm

Financial News, May 15, 2002 | Go to article overview

How Much Am I worth?:Head of International Markets, Corporate Finance, European 2nd Tier Firm


A panel of specialist headhunters give their assessment of typical London pay packages:

Head of international markets, corporate finance, European 2nd tier house: salary - [pound]110,000-120,000, total package between [pound]550,000-[pound]1m Patience is not normally a virtue one would associate with the City's financial institutions and nowhere has this been truer than in corporate finance.

Given that this is not normally an area where things move quickly - indeed, endurance and stamina are what make reputations - there is irony in the speed with which the corporate finance departments of second tier houses have been dismantled.

Management seems determined not to be caught out by the current gloomy market conditions, and sees the axing of corporate finance capability as a sure and easy way to cut costs.

"We are seeing teams being unwound or folded into other parts of a given organization," says Shirin Stanley of Alexander Mann Global Management (AMGM).

Some firms are reviewing the viability of their corporate finance departments sector by sector while others are consolidating and centralising relationship teams.

"Against this backdrop and the prevailing mood in the stock markets, remuneration continues its downward spiral, with guarantees becoming a thing of the past," says Stanley.

Other recruitment specialists echo this view. Owen Beere of Wellington Consulting says the prolonged downturn in equity markets and M&A activity has provoked an unprecedented shake out in the industry, with financial institutions falling over themselves to grab the same business.

"In these uncertain times being at the top at a 2nd tier European house is a veritable roller coaster," he says. He points out that with less overall business to go around, the second-tier houses have been looking to carve out a niche in small and middle-sized cap deals, rather than the large premium deals worth mega-bucks, as this can bring a more reliable revenue flow. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

How Much Am I worth?:Head of International Markets, Corporate Finance, European 2nd Tier Firm
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.