QuoteOriginally posted by: GamalAnd if you want to trade, be where telephones and computers are. And they are everywhere.Your own account, yes you can trade from a beach. But if you want to be a wage slave, you better go where most of the employers are...

I would rather say - you better go where the one employer is, who wants to pay you. Birmingham isn't a well, if you find something better, you may move to London. Or anywhere else. I did it a couple of times.

QuoteOriginally posted by: GamalI would rather say - you better go where the one employer is, who wants to pay you. Birmingham isn't a well, if you find something better, you may move to London. Or anywhere else. I did it a couple of times.Bad starting points might have bad consequences. Next job in London after this might give, say, +30% than what they get in Birmingham, and still be low compared to London standards. I'm not saying not to take it, just to consider the whole picture.

I read DB is trying to move some of their corporates side (as opposed to institutional) to Birmingham.

QuoteOriginally posted by: DevonFangsQuoteOriginally posted by: GamalI would rather say - you better go where the one employer is, who wants to pay you. Birmingham isn't a well, if you find something better, you may move to London. Or anywhere else. I did it a couple of times.Bad starting points might have bad consequences. Next job in London after this might give, say, +30% than what they get in Birmingham, and still be low compared to London standards. I'm not saying not to take it, just to consider the whole picture.What is worse - unemployed in London or FO quant in DB let it be even in Birmigham?Only idiots care about your location and idiots should be your clients but not your managers.

QuoteOriginally posted by: GamalQuoteOriginally posted by: DevonFangsQuoteOriginally posted by: GamalI would rather say - you better go where the one employer is, who wants to pay you. Birmingham isn't a well, if you find something better, you may move to London. Or anywhere else. I did it a couple of times.Bad starting points might have bad consequences. Next job in London after this might give, say, +30% than what they get in Birmingham, and still be low compared to London standards. I'm not saying not to take it, just to consider the whole picture.What is worse - unemployed in London or FO quant in DB let it be even in Birmigham?Only idiots care about your location and idiots should be your clients but not your managers.Oh yeah, definitely. I'm not saying not to take it. This reminds me of when I was looking for my first job and everyone was like "ha! but only need to look at FO jobs in tier 1 banks paying 1 zillion£, the rest is total shit"

Of course, heavy metal started in Birmingham

I think I read that 60% of DB staff is support function. I dont know how many costly functions like risk/quant/IT dev/Legal/Compliance/HR... there is in this bank (im talking for the market activities) for 1 profit center (say trader/sales/broker) but if you start putting the staff which make your money in 2nd zone location it might be that you have a business model issue.

As I mentioned, the rationale is that the front office in Birmingham is to serve some corporate clients. Not all clients are based in London, so having sales staff serve the rest of the country makes perfect sense.

QuoteOriginally posted by: spiceAs I mentioned, the rationale is that the front office in Birmingham is to serve some corporate clients. Not all clients are based in London, so having sales staff serve the rest of the country makes perfect sense.What is travel by 1st class train/5* hotels for?

QuoteOriginally posted by: spiceAs I mentioned, the rationale is that the front office in Birmingham is to serve some corporate clients. Not all clients are based in London, so having sales staff serve the rest of the country makes perfect sense.What corporate clients from Birmingham are so important that they need an office on the spot? Birmingham is 2h by train from London.