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Resignations at Goldman Sachs amidst complaints about politics and pay
Something’s up in Goldman Sachs’ EMEA equity derivatives business. People keep leaving. In the past week, exits are understood to include: Alexander Jansen, the head of Nordic and Netherlands equity...
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How to handle the summer when you work in banking
It’s easy to get burnt out in finance. In many a banker’s career there may come a time that you come home hating your job and wondering why you are doing it. It’s important to spend time recharging....
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How to fail as a banking intern
Current bankers have told us that interns these days make fewer mistakes than they used to and are often more prepared and serious than classes from just a few years ago. There’s enough information out...
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Morning Coffee: The latest bizarre events at Deutsche Bank. Novice trader’s...
Deutsche Bank traders appear to have a faculty for making mistakes. In 2015 they accidentally paid $6bn to a hedge fund client in an FX trade that was afflicted by a fat finger. This was followed by a...
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Should you become a junior lawyer for an easy life with high pay?
In theory, banking is the most highly paid industry to enter as a graduate. Figures from research company High Fliers suggest that graduates who go into investment banking earn an average of £47k...
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Proof that America’s top traders work for Morgan Stanley or J.P. Morgan
Banks are cutting traders on Wall Street. Deutsche Bank’s cuts have been well-documented, but it’s not the only one trimming: Bloomberg reports that Nomura is cutting 28 global markets traders in the...
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How to land a guaranteed interview at a hedge fund without a blue-chip resume
Landing a job at a hedge fund is no easy task. Just getting an interview typically requires attending a top university and completing several prestigious internships. For those lacking one or both,...
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Upset in the high yield business as masses of traders disappear in 2018
Where are all the high yield traders when you need them? Not on European trading desks, it seems. – Following an unprecedented number of job moves and market exits in 2018, one headhunter is warning...
View ArticleMy bank promoted me within months of getting my MBA. Here’s what happened
Mandeep Sedha, who’s now an Information Security and Risk Partner at Credit Suisse, didn’t have to wait long to see the benefits of her Singapore Management University (SMU) MBA – she was promoted...
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Barclays is poaching from Goldman Sachs as ECM hiring heats up
Citi isn’t the only one building its equity capital markets (ECM) division in London: Barclays is at it too. The British bank just hired Kate Gaertner, a former executive director covering Germany at...
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The CFA messed with my mind and left me lonely and addicted to cigarettes
I have passed all three levels of the CFA exams and am a Charterholder. It took me two years and one attempt. To say that it was something of a stretch is an understatement – it took my heart and soul,...
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This year’s hottest new hedge fund is doing some big hiring in NYC
As the biggest hedge fund startup ever, ExodusPoint Capital Management has some very deep pockets. The fund, led by former Millennium Management star trader Michael Gelband, is leveraging part of its...
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When and where you’re most likely to be happy with your pay in banking
Are you happy with the amount you earn for your finance job? If the answer is yes, you’re an aberration. Our recent survey of nearly 3,100 global finance professionals suggested the industry is almost...
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Morning Coffee: How to set up a hedge fund if you’re not Greg Coffey or...
Who doesn’t dream of setting up their own hedge fund? For sell siders, it’s a dream of being the client and having people forced to respect you for a change. On the buy side, it’s the dream of a fund...
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Bankers on the breadline: why you still feel poor on $200k
If you work in the financial services industry in a major financial centre like London, New York, or Hong Kong, you almost certainly earn more than the average person. You may even be in the fabled top...
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These are the jobs and the companies a CFA qualification will open the door to
As per usual, Saturday’s CFA exam featured plenty of drama for the 227k people who sat for one of the three levels. Crying, claims of cheating and multiple digestive issues highlighted the latest round...
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In just three days, Deutsche Bank’s redundancies are supposed to be over
It’s not exactly a hard-stop, but it is certainly a commitment. – At the end of May, Deutsche Bank CEO Christian Sewing said his intention was for the German bank to make the “vast majority” of its...
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Morning Coffee: Deutsche Bankers aren’t as sad as you think. Google staffers...
Deutsche Bank is in the process of cutting as many as 7,000 jobs globally, its share price seems to hit a new record-low every day and chances are good the lender’s U.S. operations will fail the latest...
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Centerbridge Partners is hiring Goldman and Morgan Stanley juniors in London
Want to work for a U.S. private equity fund in London? Junior bankers are leaving Goldman Sachs and Morgan Stanley to work for Centerbridge Partners, a U.S. fund with around $14bn under management,...
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J.P. Morgan’s data scientists are about to launch something wild
Something is underway at J.P. Morgan. In the coming weeks or months, the bank will be launching a new website to allow anyone to compete in the creation of accurate predictions based on large sets of...
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