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Pressure to perform at Credit Suisse as last year’s hiring fails to deliver
There are some things that Credit Suisse’s investment bank is getting right under CEO Tidjane Thiam. Costs, for example: the Swiss bank has succeeded in hiking revenues (up 1% in 2017) whilst cutting...
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“Why I’d rather work for RBS than Goldman Sachs in 2018”
Don’t believe the hype. Although ‘volatility is back’ and Credit Suisse said today that its markets revenues are up 10% this year, things are still very quiet. Maybe it’s half term: maybe it’s because...
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How Wall Street candidates are gaming the salary history rule
The New York law that prevents employers from asking about salary history went into effect in November. Since that time, the ban has expanded beyond the Big Apple to New Orleans, California, Delaware,...
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Goldman Sachs made an equity derivatives sales hire in Paris
Remember when we said that Goldman Sachs was interviewing heavily for sales roles in its Paris office as it prepares for Brexit? It’s made a Parisian hire. Goldman recruited Guillaume Paulhac for its...
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Here’s how much you really earn at Point72, and how hard it is to escape
Averages can be deceptive things. When we looked at pay at Point72 in London last year and concluded that the average person at Steve Cohen’s family office/nascent hedge fund was receiving $251k...
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Five things you’ll have to give up if you move from Wall Street to Silicon...
It’s still winter on Wall Street, when financial services professionals dream of moving to warmer climes. You could take a vacation and come back when it’s warmer in New York, or you could consider...
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I am dating a junior banker and it is fine
Junior bankers don’t have a great reputation as dates. You may have read that blog by someone who dated a banker for years and finally gave up on it (or him). If so, you probably read the comments from...
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You want a mid-ranking job in a hedge fund? Good luck
Are you neither senior nor junior but somewhere in between? Some bold-faced names such as Greg Coffey and Jon Corzine are launching new hedge funds, but they’re unlikely to want to hire you. Why? The...
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Why I’m leaving Goldman Sachs’ technology analyst program
Goldman Sachs wants to hire technologists. When CEO Lloyd Blankfein presented at Credit Suisse’s banking conference earlier this week, he said that 70% of the people the bank hired for a key electronic...
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Morning Coffee: How to keep 22-year-old bankers happy and 42-year-old bankers...
Junior bankers want better work-life balance. Forty-something bankers want new skills to stay relevant in the new era of “finance digitalization.” The solution? Maybe banks should scale back juniors’...
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A Brexit-induced rush of banking jobs in Milan? Not exactly
In theory, banking jobs in Italy are going up in the world ahead of Brexit. After all, Goldman Sachs has said it wants to increase its Milanese headcount from 20 to 100 people in a new office near...
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The worst banking jobs of 2018
It’s time banks got serious about laying people off in their equities sales and trading businesses. This is the implication of newly released analysis of divisional performance in 2017 from research...
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Want big pay on the buy-side? Try Vontobel
If you’re thinking about moving to the buy-side, you may also be contemplating a pay cut, particularly if you’re aiming to move to a long only asset management firm. One buy-side firm pays its asset...
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How to keep your job in the back office as machines take control
Automation may be the single most impactful trend as fintech transforms the asset management industry. The potential impacts of robotics and artificial intelligence (AI) on investment decision-making,...
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The hidden meaning of your bonus in a bank
Whether you’ve already received your bonus or are about to, you’ll be having some big thoughts about the implications. For example, what does it mean to be paid flat? What does it mean to be paid 20%...
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Morning Coffee: How Goldman Sachs fell behind on pay. Ex-UBS IBD analyst...
Compensation at Goldman Sachs is a confused affair. Average pay per head is high: it was $324k globally last year and is around £382k ($535k) in London, where a greater proportion of staff are traders...
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Goldman Sachs associate who joined Deliveroo has left one year later
Goldman Sachs associates don’t hang around. Carlos Ventura, the Goldman Sachs associate who joined Deliveroo in March 2017, has now quit and is starting a rival food delivery firm. Ventura joined...
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Credit Suisse director resurfaces at Mizuho after four years’ consulting
A former Credit Suisse director who spent the last four years running his own consulting firm has joined Mizuho as an executive director in London. Michael Armer, who comes with 19 years of experience,...
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Senior Morgan Stanley banker who quit for BNP Paribas is back at MS
BNP Paribas has been recruiting for its fixed income division on Wall Street and in Europe, but at least one of its new hires has decided they were better off where the came from. Almost two years...
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How to make a move from banking to fintech work
Of the bankers who have left the traditional financial services industry to join an established financial technology firm or a fintech startup, many have trouble making the adjustment, feel like it’s...
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