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Morgan Stanley’s results confirm it: pay is rising again in banking
We’re only four months into 2018, but if you’re of an optimistic disposition you will be feeling good about this year already. Banking is an industry in which pay is aligned to revenues. And in 2018,...
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The new best banking jobs for non-quants and non-technologists
If you don’t work in tech and you’re not a quant, you can be forgiven for feeling twitchy about your future in finance. After all, STEM recruitment is where it’s at: 70% of Goldman’s equities trading...
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Here’s how much you’ll get paid for the hottest IBD jobs on Wall Street
If you want to get paid in a Wall Street investment banking division (IBD) this year, you’ll need to be lucky. Figures from Dealogic suggest Americas investment banking revenues fell 17% year-on-year...
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Morning Coffee: Intern says she was subject of bizarre and offensive...
A strange case involving an asset management intern and a London School of Economics and Bocconi graduate who was already on the training scheme, has made it to court. David Buccheri joined M&G...
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Senior BofA trader who left for a start-up returns to trading
A senior former Bank of America Merrill Lynch trader who left the firm last year to set up his own start-up has reappeared in trading. Nikolai Andreev, an ex-BAML director of emerging markets trading,...
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Why so many juniors leave investment banks after two years
In around two months time, this year’s interns will arrive at investment banks. Having seen plenty of intern cycles during my banking career, I can predict pretty exactly what the coming intern class...
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What’s wrong with work-life balance at the Big Four accounting firms?
There are certain names in every industry that people naturally gravitate to. In banking, it’s Goldman Sachs and J.P. Morgan. In consulting, there’s Bain & Co., McKinsey and Boston Consulting...
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Japanese banks are recruiting on Wall Street. Here’s who they’ve hired
So you want to work for a Japanese bank on Wall Street? The good news is: they’re hiring. The bad news is Japanese banks have a reputation for hiring one year and retreating the next. For the moment,...
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Seven ways for bankers to survive the layoffs of 2018
The mood around banking jobs in 2018 ranges from optimistic to anxious, depending on how easily your role can be automated. Job cuts do happen, even after U.S. banks reported strong first-quarter...
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Morning Coffee: Why you should never be late to work at J.P. Morgan. What you...
If you work at J.P. Morgan, then hopefully you’ve been walking the straight and narrow: showing up on time, not going to eyebrow-raising websites or saying anything that you shouldn’t in calls and...
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What James Gorman thinks about Morgan Stanley’s traders
When James Gorman became the CEO of Morgan Stanley in January 2010, traders who were still left at the firm likely didn’t break out into applause. With a background in wealth management and consulting,...
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Inside Deutsche Bank’s “dysfunctional” IT division
So, COO Kim Hammonds is leaving Deutsche Bank. Less than a month after describing Deutsche as, “vastly complex,” the, “most dysfunctional place she’s ever worked,” and in the middle of a, “difficult...
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The 20 most hated office clichés in financial services
With summer coming around the corner, we thought we’d update our list of the most reviled clichés in all of financial services – the empty phrases your colleagues and bosses utter on a daily basis that...
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Thousands of jobs now temporarily secure at Barclays’ underperforming...
Thank goodness for that. With Jes Staley let go with a mere monetary penalty, employees at Barclays’ investment bank can live to die another another day. Staley the saviour is secure for the...
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The truth about banking jobs and sleep
Sleep has long been an issue in banking. Before ex-Goldman Sachs associate turned-academic Alexandra Michel highlighted the crazy abuse investment banking division (IBD) subject themselves to, there...
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Equity sales jobs are dying. But they have a little life yet
So you want to work in institutional equity sales? Really? Rarely has a job been more roundly proclaimed a thing of the past. Rarely have more senior people trickled out onto the market and been unable...
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HSBC’s head of high yield trading resigned this morning
Dan Cohen, the head of high yield trading at HSBC, is understood to have resigned. Sources say Cohen quit the London-based bank this morning. His destination is unclear, although Nomura, RBC Capital...
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The 10 places global finance professionals most want to work. – And why
Investment banks and financial services firms talk a good talk when it comes to corporate social responsibility. Goldman Sachs runs 10,000 Women, its program for female entrepreneurs, J.P. Morgan aims...
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Morning Coffee: When you messed up your banking job, but your bosses think...
Paul Achleitner can hardly be called consistent. After all, the ex-Bain & Co., ex-Goldman Sachs, ex-Allianz chairman of Deutsche Bank hired-in the (now ex) CEO of Deutsche Bank, John Cryan, after...
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My fellow Morgan Stanley MDs bought Rolexes and Ferraris. The joke’s on them
If you’re working in banking, I have some wisdom to share with you. I’ve been there too: I spent nearly 30 years on Wall Street, working on equities trading floors from Morgan Stanley to UBS. Now,...
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