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Deutsche Bank isn’t the only one making equities cuts on Wall Street
As Deutsche Bank’s U.S. equities professionals await their fates following last week’s revelation that the entire equities business is being “scrutinized by the board” amidst claims from J.P. Morgan...
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Morning Coffee: Is this why Morgan Stanley’s suddenly being so generous to...
Four years is a long time to wait for a salary rise. If you’re an associate at Morgan Stanley, this is how long it’s been. There might’ve been some trivialities here and a few extra dollars there, but...
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This is what really happens when you lose your job in a hedge fund
The hedge fund industry is a cut-throat business. You’re either making money, or you’re not. And if you’re not making money, then you’re either out, or on your way out. Even when you’re not shown the...
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Three senior equity researchers left Citi as MiFID II takes effect
As banks take stock of changing demand for equity research products under MiFID II, three senior equity researchers have left Citigroup in London. Simon Weeden, Andrew Benson and Mike Tyndall are all...
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How to get properly paid in IBD on Wall Street
Want to get a high salary for an investment banking division (IBD) job on Wall Street? Avoid non-bulge bracket and middle market investment banks and stick to big banks and boutiques. So say salary...
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Sharing beds and other unglamorous living conditions for Wall Street interns
You just landed an internship at a prestigious Wall Street bank. You are the envy of your class. You know the hours will be brutal but you’ll be living the life in New York, making a salary that’s two...
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Anshu Jain hired an equities MD who left Deutsche Bank’s U.S. platform
If you’re working in Deutsche Bank’s U.S. equities business and are feeling all sorts of sweaty about your future, you might want to cast an eye across to one of your ex-colleagues who escaped a few...
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How to become an algo trader
Are you a crack programmer without any financial services experience who wants to become an algorithmic trader? While making that career transition may seem daunting, it actually might not be as...
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Morning Coffee: Veteran banker dispenses relationship advice (and more). The...
Veteran investment banking icon Richard Jenrette was known for, among other things, his unique and personable leadership style. It therefore was rather fitting that, before passing away at 89 last...
View ArticleI left a great job in finance to start my all career over again. Here’s why
By 2017 Gianluca Errico’s banking career was going strong. He had been working for HypoVereinsbank, one of Germany’s largest banks, for seven years and was an employee in the senior risk management...
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Goldman Sachs’ ex-head of rates trading quietly retired
One thing that can be said about Goldman Sachs is that it lets its senior people go gently. There are very few of the ruthless overnight ejections seen at some other firms, and instead plenty of...
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These are the questions banks are asking people they really want to hire
We are in the age of the mathematician. At Goldman Sachs, there were 500 stock traders 20 years ago, and there are now are three – plus an array of engineers. Strats are all the rage, both at GS and...
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J.P. Morgan MDs keep quitting for this fintech firm
ITG, a financial technology firm that provides data analytics and trading algorithms to broker-dealers and asset managers, has made three new hires from J.P. Morgan, and each is based in a different...
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Investment banking analysts at SocGen received a big pay rise
Want to get paid as an analyst in an investment bank? Try SocGen. The French bank is understood to have hiked salaries for juniors in its investment banking division (IBD) quite dramatically. Insiders...
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Macquarie said to hire an equities MD from Deutsche Bank in London
Macquarie did it again. Fresh from hiring Matthew Rubens, a former managing director at BTIG and Goldman Sachs in April, the Australian bank is now understood to have recruited Matthew Randall, a...
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The finance jobs most likely to deliver a pay raise in 2018
While careers in trading and investment banking are some of the more lucrative in all of financial services, most banks are decreasing the size of their overall footprint in the front office. The bulk...
View ArticleFinancial services firms in Hong Kong are expanding. Here’s who they want to...
Hong Kong’s importance as a regional financial hub is increasing, creating significant career opportunities for professionals in the sector. The large international banks are expanding their private...
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Morning Coffee: Upset over the “highly contagious disease” at Goldman Sachs....
Just don’t call it an “outbreak.” Goldman Sachs would like to let it be known that the recent eruption of mumps on its New York trading floor was not an outbreak, but merely the expression of a...
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Why London bankers love (some) U.S. investment banks
Once a year, typically just after Christmas, U.S. investment banks in the U.K. release figures showing how much they paid their highest earning and most important employees two years previously....
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Working at Goldman Sachs made me stronger, until it didn’t
Trudging through three semesters at Stanford, Will McLellarn could barely keep his head above water. Academically, he was overwhelmed. His public school background made him feel like a nervous...
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