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How to get into banking when you have zero finance experience
You’re a second year or third year student who wants to work in finance, but you have no finance experience. Does this exclude you from the race? Not necessarily. Investment banking is a notoriously...
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Deutsche M&A bankers wait to see if recent Goldman hires will go in purge
Deutsche Bank has pulled the trigger on big redundancies in its corporate and investment bank. Bloomberg reports that 250 people globally are being cut from the corporate and investment bank, and that...
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Rates traders also said to be out at Deutsche Bank
Predictably, Deutsche Bank’s pre-bonus redundancies appear to extend beyond the investment banking division (IBD). Insiders say members of the German bank’s macro trading team have been put on notice...
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Morning Coffee: Ex-Credit Suisse trader reiterates harsh reality of fintech...
If you leave an investment bank to work for a fintech firm, you may not want to leave for Revolut, the fintech firm that started as a payments company but now offers all kinds of “app-based” finance...
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Here’s how much you earn at HSBC’s investment bank vs. Goldman Sachs and others
It’s bonus day at HSBC today. Following the unexpected departure of Matthew Westerman, the ex-Goldman Sachs head of HSBC’s global banking group in November last year, all eyes are on how much HSBC pays...
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The easiest banks to be an analyst, associate, VP, director and MD at
If you’re a junior in an investment and you’re feeling a bit exhausted, the good news is that things do generally get better. The bad news is that this isn’t always the case, and that they may...
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Plenty of people I know in banking are waiting to get laid off
A few years ago, I moved from a small brokerage firm to a major investment bank. It was a scary move to make and I wasn’t sure if it was the right one. My job at the brokerage firm was secure and it...
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Morning Coffee: How to walk into a job at J.P. Morgan. Special bathrooms at UBS
Getting a job at J.P. Morgan is supposed to be difficult, and in most cases it is. The investment bank rejects 98% of its people who apply to its analyst and associate programmes in the U.S., for...
View ArticleEY’s transactions team steps up hiring as client demand surges
Imagine working on confidential, exciting projects alongside people from all over the world, using state-of-the-art technology. No, it’s not the Secret Service, but Operational Transaction Services at...
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The most dangerous seats in banking
It’s been a perilous couple of months for a particular breed of employee in investments banks. Since the start of 2018, European banks have been clearing out their more senior staff. Barclays went...
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Eisler Capital and Citadel made some big hires in London
Most European banks have yet to pay their bonuses. This isn’t stopping hedge funds picking off their staff. The UK’s Financial Conduct Authority (FCA) Register shows that hedge funds Eisler Capital and...
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Want to work for a French bank on Wall Street?
Est-ce que tu parles français? Non? Well, that’s OK, because you don’t have to speak French if you want to work for one of the French banks with a presence on Wall Street. And yes, the two biggest –...
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The pressure is on at Barclays after crazy MD hiring in 2017
Tomorrow morning, Barclays reports its results for 2017. It will be an important moment for the British bank, which insiders say hired no fewer than 40 managing directors (MDs) to its banking and...
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How to get a big bonus in a bank without working stupid hours
You’ve reached the end of the year, and the numbers are in. Like most people in banking, you probably had grander ambitions for your bonus than your boss did, and now you’re furious, or worse,...
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Morning Coffee: The clever new perk at Deutsche Bank. Earn $317k a year in an...
Deutsche Bank is developing a well-deserved relationship for a novel approach to rewarding staff. After last year’s decision to withhold performance bonuses in the investment bank, it came up with a...
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High earners slashed at Barclays as new joiners get big guarantees
There are a lot fewer euro millionaires among Barclays’ material risk takers than there used to be. This could be because Barclays has been splashing out to hire in a lot of new managing directors from...
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BNP Paribas’ ex-head of CEEMEA FICC trading joined a hedge fund
Remember Simon Birch? He’s the former head of central and eastern Europe, Middle East and Africa (CEEMEA) fixed income trading at BNP Paribas. He’s just turned up at hedge fund Highbridge Capital...
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Good and not-so-good excuses to get out of work for a job interview
Unless the hiring company is willing to meet with you off the clock, you’ll likely need to spin a tale to sneak away from work for a job interview. It’s a situation where the correct thing to do may be...
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Is central risk the best job in banking? Or the worst?
If you’re looking an exciting trading job in an investment bank, one where you actually get to take proprietary risk with a bank’s own balance sheet, where you’ll deploy some of the most complex...
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Morning Coffee: HSBC decides it’s too much hassle to pay some people bonuses....
HSBC is shifting away from discretionary bonuses towards fixed pay. The decision has some bonus-starved back-office employees up in arms. HSBC is capping bonuses for thousands of operational staff...
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