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Firing (and hiring) plans by bank in the final months of 2017
As the nights get longer and the days get shorter and bonuses loom into view like a giant pile of restricted stock on the horizon, banks have a tendency to stop hiring and to start firing. Will this...
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Ex-Barclays non-core MD joins former colleagues at restructuring boutique
A former managing director within Barclays non-core investment bank signed up to a boutique that advises financial services on how to sell divisions that are not central to their business. Giles...
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What to do now if you want a new job when your bonus lands
Don’t assume because few people move jobs at the end of the year that now is the time to sit pretty where you are. In fact, the tail end of 2017 is the perfect time to start looking for a new role,...
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“Sexual harassment is horrific in the financial recruitment industry”
Hollywood had its Harvey Weinstein moment. Banking had its BNP Paribas moment. Now it seems that financial recruitment firms need to have a moment of their own: women in the recruitment industry say...
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The big problem with DIY quants
This year, quants are the new rock stars of finance. Hedge funds, asset managers and investment banks are all rolling out the red carpet for those who can write algorithms that will ensure they get...
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Morning Coffee: How you’ll know you’re too old to make MD at Goldman Sachs....
Are you too old to make managing director at Goldman Sachs? If you’re much beyond 45, the answer is probably yes. It may even be yes if you’re much beyond 35. Goldman Sachs released its new MD list...
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Upset in Paris as U.S. style layoffs come to small French bank
Exane Derivatives in Paris is a small place. Exane as a whole only employs 935 people according to figures on its website. A tiny fraction of those work for the French derivatives operation. In the...
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Morgan Stanley analyst quits for hot tech firm tackling huge real world problems
MiFID II comes into force in January next year, and if you’re a not a star equity research analyst in the senior ranks, it’s likely to bring in a new era of precarious employment prospects. Analysts...
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Is this the worst place to work for Goldman Sachs? Or the best?
Goldman Sachs’ Bangalore business is quite the place. Between 2004 and April 2017, it went from 400 to 5,000 people. Since April, it’s seemingly added another 1,000. Ultimately, it could have up to...
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“I work in the Paris office of a top US bank. It’s completely different here”
I work in the investment banking division (IBD) of the Paris office of a major U.S. bank. Yes, I am French. No, I am not here because of Brexit. And yes, I am here by choice. If you’re thinking of...
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Morning Coffee: The bank which employed too many jerks. Bankers’ wives speak up
Once upon a time, under Bob Diamond, Barclays was known for a policy of excluding jerks from getting jobs at the bank. Through a process of exhaustive interviewing, anyone with disagreeable personality...
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RBS’s mountain man has just made a switch to the buy-side
A former Royal Bank of Scotland managing director who quit investment banking to embark on an ambitious campaign to scale Everest for charity has returned to the financial sector in a senior role at an...
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You alienate the top finance recruiters at your peril
You either love them or hate them. When you work in finance, the recruiters who call on a regular basis (how regular depends upon the popularity of your sector) are either a nuisance or the best thing...
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Why Citigroup’s head of structuring has quit the “uninspiring” trading floor...
In 2011, Erwin Parviz had quit as global head of structuring at Citigroup to spend his time at the top of a mountain. Paragliding, climbing, skiing or any adrenaline-fuelled pastime occupied his days....
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J.P. Morgan M&A EDs are leaving in search of promotion elsewhere
When Goldman Sachs made its managing director promotions this week, 101 of its new MDs were in the investment banking division (IBD). That’s not bad: 96 of Goldman’s MD promotions were in IBD last time...
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Morgan Stanley loses senior fixed income quant as hiring heats up at the end...
RBC Capital Markets has just hired Morgan Stanley’s head of fixed income modelling as large investment banks continue to hire senior quantitative talent even at the tail end of 2017. Vasily Strela, a...
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Every question you’ll be asked in a Goldman Sachs interview
You’ve landed an interview with Goldman Sachs. Well done: you’re in a serious minority. What should you expect? In the past, Goldman Sachs had a reputation for interviewing people until it hurts –...
View ArticleWillis Towers Watson is hiring in the UK. Here’s what it’s like working there
Innovative, experienced, flexible and diverse. These are words commonly used to describe Willis Towers Watson’s growing fiduciary management service and team. Since winning its first fiduciary...
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Morning Coffee: What Jamie Dimon wants from 20-something bankers. London...
Jamie Dimon said that he never wanted to be an investment banker or a trader, he just wanted to “see a large corporation from the inside”. This, he says, is why he turned down offers from Goldman...
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Disappointed traders expected to desperately seek new jobs post-bonuses
Happy in your trading job in an investment bank? Feeling settled and confident about the future? It may not last. Following a disappointing bonus round, some headhunters are predicting that traders...
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