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Citi doctor quits healthcare investment banking for large pharma company
A medical doctor, who worked as a managing director in Citigroup’s healthcare investment banking team for the past seven years, has quit for a large-cap pharmaceutical company that focuses on rare...
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Credit Suisse’s investor day aptly describes the new horrors of banking careers
It’s Credit Suisse’s 2017 investor day! We’ve come a long way since the 2016 investor day, when the bank first declared its intention of cutting costs while coincidentally raising revenues and hiking...
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Houlihan Lokey eyes investment banking growth in 2018
Houlihan Lokey, a boutique investment bank that has over 1,250 staff globally, has been expanding, but its current employees are not going anywhere. It claims that 75% of new associates, 65% of vice...
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Six dos and six don’ts of networking on Wall Street
Many of the most prestigious, best-paying jobs on Wall Street aren’t posted, making networking absolutely critical. Don’t just pick up the phone and start dialing, though – networking is a bit of an...
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Quitting investment banking for private equity? This where you can earn seven...
Private equity firms have been ramping up junior pay and targeting investment banking analysts ever earlier as they look to attract the best people from the banks’ graduate pool. Salaries have shot up...
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Citi’s quietly building its Delta One desk in NYC
It’s nearly December and hiring in investment banks has virtually ground to a halt as everyone waits for bonuses to be paid. The exception appears to be Delta One desks. Delta One desks in NYC are...
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Morning Coffee: Angry ex-trader explains why bankers earn so much. Bitcoin...
The issue of pay levels in the financial services industry remains divisive. Sergiot Ermotti, ex-trader turned chief executive of UBS, butted heads with Sir Paul Tucker, the former deputy governor of...
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KCG’s head of ETF trading has just landed a new senior trading job
The KCG Holdings diaspora keep landing new jobs. After the London bloodbath following the $1.4bn merger with rival high frequency trader Virtu Financial in April, senior staff have been landing new...
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The most burned-out bankers with the most brutal jobs are found here
If you want an easy life in financial services, you don’t want to work in New York City. Nor do you want to be a managing director or someone engaged in a “support function.” You might want to work in...
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Eight things bankers need to do in their 20s to succeed in their 30s
If you’re a junior investment banker in your 20s, you need a career plan. That may be switching to private equity. It may be kicking off a fintech firm or starting a baby app. But if do you want to...
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A top technology banker just resurfaced at Nomura in San Francisco
Nomura has made a major addition to its U.S. operations with the hiring of Chris Shilakes from Bank of America Merrill Lynch as managing director of its technology investment banking group in San...
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My boss cut my bonus, told me to be thankful as I’m not, “Doing good in the...
Are you overpaid? Do you deserve your bonus? I mean really deserve your bonus? What gives you the right to earn that money when so many people earn so much less? Particularly when your job isn’t...
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Morning Coffee: The intense work schedule of one of the top men in finance....
Have you heard that you won’t have to work as many hours if you move from the sell side to the buy side? How about that as you climb the financial services ladder and take on loftier job titles, your...
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Senior bank trader quits for BlueCrest, lasts eight months and then...
The former head of European index and equity products trading at Commerzbank in London, who quit in November last year to join BlueCrest Capital Management as a partner, lasted just eight months at the...
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Goldman London bankers queuing up for new jobs in Milan
Do continental European bankers in London really want to work in the “City,” or were they only ever in London for lack of alternatives? As the opportunity to work back home becomes available, London’s...
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Deutsche Bank’s derivatives sales chief departs for BNY Mellon
A senior Deutsche Bank salesman, who has spent the past nine years in roles across Hong Kong and London, has just signed up to BNY Mellon in a big role straddling Europe and Asia. Harvey Twomey, who...
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Steve Cohen poached a top quant from Goldman Sachs before bonus time
Cubist Systematic Strategies, the computer-driven trading business of Steve Cohen’s Point72 family office is hiring slowwwwly. In the past year, headcount has risen by around 12% to over 125 people,...
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Credit Suisse’s guide to all the different jobs in equities and credit trading
If you’re a student who’s thinking of working in a markets job in an investment bank, you can be forgiven for feeling confused about your options. Firstly, do you want to work in equities or fixed...
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Goldman Sachs is hiring 250-300 mostly local people in Warsaw
Goldman Sachs intends to add 250 to 300 people in Poland – a 50% to 60% increase on current staffing levels in its Warsaw hub. The news is due to be announced today at an event for local Polish...
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Morning Coffee: Lessons from the man with an amazing finance career and...
If you want an exceptional finance career that does not squat like a Larkinesque toad across your whole life, you will need a containment strategy. The man with the best containment strategy yet is...
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