Morning Coffee: The many ways of earning $200k+ that don't involve banking. Wild Asian hiring

When you're in financial services, it can seem that you work very hard and earn a lot of money and that there are few other options. We intermittently remind you that this is not the case, and now NYMag has done the same. It turns out that there are many, many jobs that pay well. They are not all what you would think.

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NYMag spoke to 53 people in New York City about their pay checks. Their information is extracted and inserted into the chart below. While exterminating lice, working in an Amazon warehouse or helping elderly people pay badly, there are many roles that pay well. It turns out that even dog walkers in Manhattan are on $90k. 

If you're a junior banker complaining about hours, there are therefore alternatives. They involve hard work too: you might earn $462k as a publicist, but the publicist earning this says "it's a  seven-days-a-week-hustle" involving "every hot restaurant." Choose your grind.

Separately, while the war might have upset hedge fund hiring and shunted many bankers into endless rounds of interviews with no outcome, it has not unsettled hiring in Asia.

Bloomberg reports that the fight over senior bankers in Asia is "intensifying." It points to six senior banker moves as evidence of this. Citi, for example has hired someone (Indran Thana from UBS) to replace someone (Jonathan Quek, who went to Jefferies). Warren Wu, head of TMT for South East Asia and India at UBS resigned. So did Karen Chen, JPMorgan's China head of consumer and retail.

The intensification follows a report from headhunting firm Maven Partners which said there were 105 banking MD moves in APAC investment banking last year and a 100% "surge" in moves to competing banks. Hong Kong was the main source of action.

Meanwhile...

Hedge funds had a terrible week last week. Millennium lost about $1.5bn in the week through March 6; Balyasny was down 3.5%. Blame the war. (Bloomberg) 

“We are in full-blown panic unwind mode, with price action across cross-regional stocks illustrating extreme levels of stress..." Things may be looking up though. Barclays says these kinds of troughs are usually followed by a rebound. (Bloomberg) 

Goldman Sachs, Morgan Stanley and Citi are letting UAE staff work from elsewhere if they like. (Bloomberg) 

Goldman Sachs has has offered clients complex trades that would allow them to profit from further falls in loans made to software companies. (Financial Times)

Mike Lamb left Citi last year and now he's back at Barclays as chair within its European financial institutions group. (Financial News) 

Deutsche Bank's bonus pool was probably up 5%. (Bloomberg)  

A senior executive at Odey Asset Management says he felt physically threatened by Crispin Odey after advising that Odey work from home in light of the harassment allegations against him. "I have . . . never seen behaviour like this in the course of my professional life, or indeed my personal life.” (Financial Times) 

Is it really necessary to work 100 hour weeks in banking? “A huge part of the hours are artificially created. Seniors create fake urgency and have juniors stay until 4am to finish a pitchbook for a meeting that isn’t even scheduled yet. You’ll spend hours building a page and a senior will change their mind and delete it the next morning.” (Financial News) 

446 employees out of 5,700 will leave the Bank of England and they will each receive an average of £81k. It's a "mutually agreed resignation scheme." (Bloomberg) 

Receiving extra vacation time rather than bonus money makes workers feel valued as individuals with a life beyond work. (WSJ) 

If want to impress Trump you need to wear $145 loafters by Florsheim, an American brand combining comfort and style. (WSJ)

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