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Where you’ll find the big cash buyouts before bonus time
Do you want to move jobs now? Even better, do you want to move jobs and have all the restricted stock you’ve amassed swapped for cash? It can still be done. It’s late November, but banks are still...
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Millennium Management has raided big investment banks for end of year hiring...
While most people are waiting until their bonus lands before even thinking about moving jobs, a handful of traders and strategists have been leaving big banks to switch to the buy-side. Millennium...
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My friends quit banking. I stayed on
I’ve spent 18 years in banking. I’ve been a managing director at Goldman Sachs and I’ve changed jobs a lot. In a fifteen year period, I switched jobs six times. My friends dropped away from finance...
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Morning Coffee: How Silicon Valley geeks get Wall Street wives. The...
Technologists should embrace their geekiness when trying to woo Wall Street women. After graduating with a biology degree from Yale, Anne Wojcicki worked as a Wall Street biotech analyst for a decade,...
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Ratings agencies start hiring in Frankfurt before Brexit contingency plans hit
While investment banks are awaiting regulatory clarity before they start shifting jobs to Continental Europe after Brexit, credit rating agencies are already bolstering their operations in Frankfurt....
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You think you’re getting a new London banking job in 2018? Really?
On paper, 2018 should be an awful year for London banking jobs. In fact, London finance recruiters are peculiarly bullish about the year to come. The case against finding yourself a new front office...
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This former Credit Suisse trader is hiring 25 people a month for his fintech...
Nikolay Storonsky left investment banking two years ago, but he’s working harder than ever. The former Credit Suisse and Lehman Brothers trader quit in 2015 to launch Revolut, a fintech that started...
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Wells Fargo aims to bolster investment banking via campus and lateral...
Wells Fargo Securities has been adding experienced investment bankers and has also been moving full speed ahead with its university recruitment efforts to stock its analyst program with talent. Here’s...
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Veteran bond trader reappears…as a contractor
Now’s not necessarily the time to go into contracting. As we’ve variously reported, Credit Suisse cut 3,050 contractors in the year to October and those who are left behind at the Swiss bank say life...
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Morning Coffee: Frat boys vs. strivers at Goldman Sachs. Trader destroys...
Goldman Sachs is a paradox. On one hand, it says it doesn’t like to hire wealthy, “entitled” graduates, but people who’ve risen out of adversity. On the other, it frequently seems to hire students from...
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UBS FX big-wigs team up for new consultancy
2017 is the year for senior investment banking employees to quit big firms, go it alone and then offer their experience back to the types of institutions they’ve just fled. The latest managing...
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Was Matthew Westerman simply too much for HSBC?
Well, it was sort of fun while it lasted. After nineteen months at the helm of HSBC’s global banking group, the thrusting ex-Goldman Sachs banker Matthew Westerman is unexpectedly leaving HSBC. Before...
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12 habits of highly successful investment bankers
If you make it to managing director in investment banking, the pressure really starts. Not only are your revenue targets much higher, but you have to navigate an increasingly political environment and...
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Happy Thanksgiving! Sorry, you’re fired
As bankers spend today feeling good about all that they have to thankful for (which is admittedly quite a lot), they might also permit an ever-so-slight feeling of trepidation. Falling as it does in...
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Morning Coffee: The failed quest to become Goldman Sachs 2.0. Secrets of a...
It’s hard to believe that Matthew Westerman only spent 19 months at HSBC. The former Goldman Sachs banker, parachuted in to thrust a U.S. investment bank culture on to an unsuspecting crew of...
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Meet the private equity fund that likes to hire ‘seasoned’ bankers
If you want to leave banking for private equity, you usually need to go young. Our research suggests that most people make the move within 24 to 36 months of starting in banking. Some move even earlier...
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These are the private equity funds hiring junior investment bankers now
Investment banks are just wrapping up their 2018 graduate recruitment programmes, but private equity firms rarely follow a strict schedule when it comes to hiring juniors. Buy-side firms without grad...
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Is Matthew Westerman joining Deutsche Bank?
24 hours after the exit of Matthew Westerman from HSBC and the rumours have begun. With Westerman said to have made a “personal decision” to leave at HSBC after less than two years at the end of this...
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Point72’s ex-McKinsey strategy chief departs for construction rental firm
Michael Zea, the executive hired by Point72 Asset Management to lead a team of strategists searching for new areas to invest owner Steve Cohen’s billions, has left the firm after two years for a role...
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Working in banking is destroying my chances of finding a woman
It’s the weekend. If you work in America or are an American anywhere else in the world, it’s more than just any weekend – it’s the weekend after Thanksgiving. Woot…! Party..! Unless you’re a...
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