Late Links: Which is most scarce - a good boyfriend, or a good job in banking?
A dilemma has been doing the rounds on the web this morning. Emanating from Lucy Kellaway's agony aunt column in the Financial Times, it describes the conundrum faced by a 28 year old female banker whose boyfriend wants her to leave her job and to go travelling.
The woman in question says she's worked in banking since her graduation six years ago and has, 'recently been given the opportunity to go travelling' with her boyfriend. How long can she be away from the industry before she becomes employable, she wonders. And will anyone offer her a job when she returns - particularly in light of the fact that she will be an, "attached, childless woman in her early 30s."
Kellaway tells the young banker that she has got it all wrong. "I think you are making a mistake on both counts. No job in the City is remotely secure....Equally, travel is not always fun." In Kellaway's opinion, the young banker should stick with her man: "A good boyfriend is more of a scarce resource than a job in global markets at an investment bank, so if he is off for three years it is rational for you to go too."
Others are not so sure. "Boyfriends come and go," says one, "Take advantage of work life now, don't ruin the momentum."
Which would you choose?
Earlier this year, Citigroup gave ex-employees Jonathan Dorman, James O’Brien and others 75% of Napier Park Capital for free. Now it may be worth $360m. (Bloomberg)
J.P. Morgan also had a perfect trading quarter in the first quarter of 2013. (Financial News)
Goldman Sachs traders lost money on two days last quarter. (Bloomberg)
“In this culture, your whole life is planned out until you graduate from university.” (NY Times)
Unemployed Danes have taken to sitting in shop windows to sell their skills. (Wall Street Journal)
Citigroup is catching up with Deutsche as the world’s biggest FX trader as the importance of emerging markets FX increases. (Bloomberg)
Credit Suisse is building its hedge fund sales desk in Singapore. (Finance Asia)
Something happens to your brain after a big bonus. (Guardian)
Thomas Rudy, 31, a hedge fund manager who said he used to sneak out of his office to dance at the Abercrombie & Fitch store on Fifth Avenue. (New York Times)