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Morning Coffee: A dreadful cautionary tale for junior analysts who are out of...
What do junior analysts want? Responsibility. The opportunity to make a difference. Real work, on real clients. Why are they not always given it? Because of cases like this. Transamerica Corp, the...
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Barclays is hiring a dozen traders in Frankfurt as Brexit approaches
It wasn’t all that long ago that Barclays’ CEO Jes Staley said he saw no reason to shift jobs to Europe because of Brexit. – At one point, Barclays’ fondness for keeping jobs in London was even mooted...
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Barclays poached a top Deutsche Bank strat for its hottest team
If you’re a strat who’s looking for a new job in banking you could probably do worse than joining Barclays’ Firmwide Resource Management (FiRM) group. Firstly, it’s hiring. Secondly, it’s absolutely...
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Veteran quant joins Millennium as a risk manager with one unique responsibility
A quant trader and researcher who cut his teeth at Lehman Brothers has joined Millennium Management in an interesting new role that may have consequences on who the hedge fund ultimately hires. Derrick...
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More voluntary exits from Deutsche Bank as redundancy fears grow
If you work for the average investment bank, it’s nearing the end of summer and you’re rolling merrily towards the time of year when you might even start thinking about your bonus. If you work for...
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Morning Coffee: J.P. Morgan confirms the hottest new skill in finance. Tips...
J.P. Morgan has made another big hire in its artificial intelligence program – and with the poaching of Apoorv Saxena from Google, demonstrated that it is prepared to compete with the top levels of...
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Have Goldman Sachs, J.P. Morgan and Morgan Stanley become a breeding ground...
One of the bigger tasks facing human resources departments and recruiters at big banks is competing with tech companies over top junior talent. Indeed, the latest ranking of dream internships is led by...
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London bank wants candidates in Frankfurt and Paris to compete for Brexit jobs
As Brexit approaches, banks are discovering a potential advantage to moving sales and trading jobs away from London: the flexibility to locate jobs wherever the best candidates are to be found in...
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Barclays inexplicably parted company with its U.S. head of equity trading
In a surprising move, the head of U.S. equities trading has left Barclays after over a decade with the bank in New York. Barclays insiders say Amit Mehrotra, the UK bank’s head of U.S equity trading...
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Why technologists in banks think traders are arrogant and overpaid
As you will know if you have worked in an investment bank, there is often an inherent struggle between those who work on the trading floor and those who work in technology. It is amply illustrated by...
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Paranoia erupts as some CFA test-takers get results prematurely
This past Tuesday was marked on every calendar of the more than 30k people who took the CFA Level III exam back in June. It was results day. But as it turned out, much of the action took place on...
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Morning Coffee: The bitchy world of the bros who work in hedge funds. Goldman...
Hedge fund jobs, as you probably know, are notoriously difficult to land – even for elite analysts and senior sell-side rainmakers. Hedge fund jobs also come with the expectation of high comp (via...
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If you work in an investment bank, activist investors are nothing to be...
If you’re in the investment banking division of a European universal bank, and your parent company isn’t making a double digit return on equity, then one of the biggest potential threats to your job...
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The small things millennial bankers do to annoy hiring managers
The process of searching for a new job in banking has changed dramatically over the last 10 years. Looking to cast a much wider net, human resources departments at big banks have fully embraced...
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J.P. Morgan’s ex-chief data scientist didn’t stay long at Cerberus then
Last time we referenced Afsheen Afshar, the former head of data science at J.P. Morgan’s corporate and investment bank, we said he was doing something rather interesting over at private equity fund...
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Yet another big-name equity derivatives MD changes seats
J.P. Morgan has lost a big name within its global equity derivatives team. Jason Cuttler, who spent the last two years at JPM after a lengthy career at Goldman Sachs, has left the bank and is currently...
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This is how much junior bankers spend on their suits
If you’re a first year analyst in an investment bank, how much must you spend on your outfit? While the suit your mother bought you from eBay is definitely a no-no, do you really need to go very large...
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Morning Coffee: Big Four firm offers easy life to new recruits. Hungry...
Imagine the kind of flexibility that Uber provides its workers but adapt it to financial services. That’s what PwC is trying to pull off with a new recruitment program designed to tap into a talent...
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Here is how much you’ll earn working for SoftBank’s Vision Fund in London
Softbank’s Vision Fund is big. Very big. At $100bn, the Financial Times said in June that it’s the, “largest pool of private money ever raised.” Stephen Schwarzman of Blackstone has described it as,...
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Point72 poached a junior Citadel trader and a junior RBC analyst
It may be August (just) but this hasn’t dissuaded hedge fund Point72 from continuing with its hiring drive. The hedge fund, which was founded by veteran trader Steve Cohen, has hired a former junior...
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