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Seven ways to create the perfect investment banking pitchbook
If you’re a junior in M&A, pitchbooks are not just the bane of your life – they are your life. For all the talk of steep learning curves and increased responsibility, analysts and associates in...
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Wells Fargo has been quietly adding senior investment bankers in the U.S.
Wells Fargo CEO John Stumpf has resigned over the retail accounts scandal to be replaced by Tim Sloan, who – as well as being president and COO – also oversaw its wholesale division. And amid the...
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Morning Coffee: These hot tiny trading firms hire from Silicon Valley, not...
XTX Markets is one of the fastest-growing trading firms in the world, but it doesn’t have any human traders. Instead, it is hiring mathematicians and programmers to write trading algorithms and trading...
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Barclays and Deutsche Bank are still hiring here
Winter is coming, and hiring freezes are descending in the City and Wall Street. Barclays, which has managed to reduce headcount by 14,000 just by not hiring for nearly a year, and now Deutsche Bank...
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“MBAs haven’t fallen out of love with investment banking: it’s complicated”
You don’t need me to tell you that MBAs’ interest in investment banking careers has waned. The popular narrative is that investment banks to prefer to train their staff up from analyst level, while...
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The problem with working for an active asset manager now
It is no secret that many fundamental hedge funds and traditional asset managers have struggled of late. A toxic cocktail of underperformance, high fees, increased regulatory scrutiny and disruptive...
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Seven things J.P. Morgan’s Q3 results are saying about your job in banking
J.P. Morgan’s Q3 results suggest that investment bankers shouldn’t be feeling too pessimistic. If you work in JPM’s corporate and investment bank, the results were very good – its best Q3 ever, in...
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“I quit BlackRock at 24, to run my own $100m VC fund. Here’s how”
Millennials going into financial services jobs now often have a plan about what they want to do next, rather than an intention to move up the ranks. For Abbas Kazmi, that process started by accepting a...
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All those equities hires at Citi have yet to pay off
Citi’s build out of its equity trading division hasn’t been going to plan. Equity trading revenues are expected to be hit across most investment banks during this Q3 reporting season, but Citi’s 34%...
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This 24-year-old moved from the world’s biggest asset manager to raise a...
Millennials going into financial services jobs now often have a plan about what they want to do next, rather than an intention to move up the ranks. For Abbas Kazmi, that process started by accepting a...
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Morning Coffee: What happens if Deutsche dumps its U.S. investment bank? Pay...
Deutsche’s U.S. investment bank punches above its weight when it comes to fines and below its weight when it comes fees. The discrepancy hasn’t been a problem until now, but thanks to the crippling...
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Banks could save $1bn if trading jobs stay in London post-Brexit
Financial services professionals are moving out of London. So far, however, the exits do not involve a) traders, or b) people forcibly relocated by banks. The two most recent movers are in-house...
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Goldman Sachs, J. P. Morgan or Morgan Stanley – which has the best internship?
By and large, if you want to work for a large investment bank, you must complete a summer internship first. Now is the time to be polishing up an application in time for the 2017 intake. As well as...
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Why traders at Bank of America, J.P. Morgan and Citi won’t get paid
If you’re a fixed income trader and you’ve seen the third quarter results from J.P. Morgan, the third quarter results from Citi and the third quarter results from Bank of America, you will be asking...
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The perfect cover letter for getting an asset management job
People often give a short shrift to cover letters, or they spend time writing one and don’t update it, and asset management professionals are no exception. However, together with your resume, cover...
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Morning Coffee: Goldman Sachs quietly decided to halve its layoffs. What...
Did something change? After all the agonizing over Goldman Sachs’ decision to layoff “up to 30% of its investment bankers in Asia'”, it seems the firm has had a change of heart. The Wall Street Journal...
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The 20 best-paying hedge funds in the UK
What can you earn working for a top hedge fund in London these days? The gleaming offices in Mayfair might not be enjoying the best of times right now – with performance issues, investor redemptions...
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Five reasons why Goldman Sachs is trailing J.P. Morgan
On the face of it, Goldman Sachs has joined the Q3 revenue party that has led to a renewed sense of optimism on U.S. investment banks. But while J.P. Morgan throws some wild shapes on the dancefloor,...
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Morgan Stanley IBD analyst quits for the NHS
It’s been said so often that it’s become a modern-day cliché. Bankers (allegedly) are all about self-gratification; healthcare professionals are all about the greater good. Is this why people are...
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Morning Coffee: How to work for a hot new hedge fund without leaving your...
Since investment banks were forced to close their prop trading desks, the hallowed route out to the buy-side has been much tougher. Meanwhile, simply quitting to start your own hedge fund is,...
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