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Bank by bank, these are the new hiring priorities for 2018
Want to get hired by a major bank now? This is where top firms have indicated they will be hiring (and firing) in the months to come. Bank of America: Adding staff in Dublin. Still hiring,...
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This is why it’s still safe to work for Deutsche Bank
In general, people don’t want to apply for jobs at banks that are in the middle of big staff reduction plans. For one thing, it’s demoralising and often makes for a nasty corporate culture. For...
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An ex-Goldman Sachs salesman’s guide to writing a cover letter that works
Applying for roles in the world of finance, investment banking, business and consulting can be an arduous and lengthy process. Whether you’re an undergrad, postgrad or an experienced professional the...
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12 tips for passing the CFA exams from the man who writes the questions
Passing the Chartered Financial Analyst (CFA) Level I exam is no easy business – only approximately 43% of the 50,000-plus candidates who take it in June or December pass. Peter Mackey, the head of CFA...
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Morning Coffee: Banks hire senior equities traders as pay in the sector...
Forget MiFID II: 2018 is turning out to be a very good year to work in equities sales and trading. After revenues rose by anything from 18% (UBS) to 38% (Citi, BofA, Goldman Sachs) year-on-year in the...
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Richard Branson’s new private equity firm to add headcount in London and the...
London-based Metric Capital Partners is going to give Virgin billionaire Richard Branson some additional help. The private equity firm, which will be co-managing Branson’s planned $600m fund, plans to...
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Berenberg hired a senior equities trader from Deutsche Bank in London
The equities hiring rush continues apace. Berenberg, the German bank which plans to add 100 people in London over the next two years, is capitalising on the uncertainty at Deutsche Bank: it just hired...
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Never accept a counter offer from a bank. Especially if you’re a woman
You want to leave your banking job for something better? There’s a strong chance you’ll get counter-offered. If you do: don’t accept. And if you’re a woman, steer particularly clear. I’m a banking...
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The outlook for traders (and trading bonuses) just got worse
The first three months of 2018 belonged to Wall Street traders, despite news continuing to trickle in about their eventual demise. Most every U.S. bank saw substantial upticks in equities and fixed...
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BAML London staff nervous about Dublin after observing Chester
Do you work for Bank of America in London? Are you in finance, risk, compliance, technology, operations, or…wholesale credit? If so, you may be one of the 125 people being shunted to Dublin from July....
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Morning Coffee: Desperate bank traders take pay cut to join latest craze....
Traders today face two main problems: they are becoming increasingly expendable and their exit opportunities are limited. One potential solution appears to be emerging, however. If, of course, you are...
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Michael Steliaros is doing some big hiring for Goldman Sachs’ quant execution...
As Goldman Sachs goes for growth in electronic trading, Michael Steliaros is the man to know. Steliaros joined Goldman from Bank of America Merrill Lynch last November. Insiders say he’s very busy...
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Tragedy as Credit Suisse’s new NYC-based head of FX sales passed away
Credit Suisse’s New York markets professionals are in mourning this morning as Dan Silber, the bank’s head of FX and emerging markets FX sales passed away at home at the weekend. Silber’s passing is...
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Morgan Stanley’s ex-FX head: “People weren’t being paid enough to compensate...
Four years removed from being the head of FX trading at Morgan Stanley, Stuart Sopp still gets messaged multiple times per week by old colleagues who are looking to do what he did: discover a new...
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Goldman Sachs proves it’s still a meritocracy by cutting Ealet and Salame
A generation of Goldman Sachs fixed income traders are cheering. Turns out Goldman is still a meritocracy after all. The cause for celebration is the exit of Isabelle Ealet and Pablo Salame, two of the...
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Morning Coffee: The curious thing about Ashok Varadhan, head of GS’...
Now that ex-co-heads of the securities division Isabelle Ealet and Pablo Salame have left Goldman Sachs, there is but one man in charge of Goldman’s entire sales and trading operations globally. That...
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One of the women Goldman Sachs promoted to MD in November resigned
Female managing directors (MDs) are a comparative rarity in investment banks. When Goldman announced its bumper list of MD promotions in November 2017, just 24% of the 509 names were women. You might...
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The real reason analysts should still leave investment banks after just two...
Goldman Sachs made headlines in 2012 when it announced that it was ending its strict two-year analyst program. Goldman said at the time that the move was meant to “emphasize the longer-term career...
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Credit Agricole hooked ING’s head of high yield trading in London
With Brexit approaching and Thomson Reuters shifting its FX derivatives trading operation out of London and into Dublin, it’s worth noting that plenty of European banks not only still base their...
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Bonfire of Barclays credit MDs in London
Barclays has done it again. After letting go of 100 directors and managing directors from its investment bank in January, insiders say it’s just taken an axe to its European credit trading team. Four...
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