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How much more consultants earn at McKinsey, Bain and BCG than the Big Four
It should come as no surprise that management consultants who work at McKinsey, Bain and Boston Consulting Group (BCG) – the MBB firms – make more money than their counterparts at other big consulting...
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The art of being a woman in banking: Not too pretty, not too nice
If you work in banking, you will know that the industry is not short of women. In the bottom ranks, we’re everywhere. Research last year showed that women now make up 58% of the junior staff in finance...
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Nomura is quietly building its New York solutions team too
Nomura isn’t just building its credit solutions team in Europe. The Japanese bank has also hired a Deutsche Bank vice president for its team in New York. Benoit Martin is set to join Nomura’s risk...
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Morning Coffee: Why it just became more difficult for men to get a job at...
New Goldman Sachs chief executive David Solomon has long championed gender equality on Wall Street, publicly pushing banks to employ more women, particularly in leadership positions, the vast majority...
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The three skills you need to get a first job in trading in 2018
If you want a trading job at an investment bank or a fund or hedge fund today, you’ll need a strong interest in the markets. You will also need a deep understanding of and tolerance for risk, and an...
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Morgan Stanley lost its top algorithmic trading strat you never heard of
If you’re not familiar with the name Jas Sandhu, you can probably be forgiven. If you are, you are likely part of a small group of people at the top of the hottest hiring area for investment banks this...
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How afraid should bankers be of John McDonnell and Jeremy Corbyn?
The Financial Times is reporting today that multimillionaires in the UK are setting offshore investment accounts as a hedge against a Labour government run by John McDonnell and Jeremy Corbyn. They...
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Former Credit Suisse exec joins BofA’s scandal-laden prime brokerage unit
A longtime Credit Suisse veteran has joined Bank of America’s prime brokerage business in New York that made headlines earlier this year after its top executive was fired after allegations of sexual...
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“I’m a managing director in an investment bank. Young people think I’m deeply...
Banking isn’t sexy. It’s a cliché, but as with all the best clichés it’s also completely true. I’ve spent 14 years working in finance in NYC, latterly as a managing director. You might think I’m a sort...
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Want to work at Facebook? London pay is rising, along with headcount and tax
Thinking of leaving an investment bank to work for Facebook? If you’re in London, you’re in luck. Facebook hired 330 people in London last year, and they weren’t all engineers. Of 1,290 employees in...
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Morning Coffee: The retired Goldman Sachs bankers for whom relaxation is not...
When people leave some banks of the world, they go out and do something different. Take the Ben Leonard, the former HSBC FIG banker who’s founded an organic wine company and a company to help first...
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The best and worst times to have a baby when you work in banking
It’s early autumn, and a car containing a female managing director, a female executive director and a female director from three different banks on Wall Street are driving out to the countryside for...
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Backstabbing and Brexit: Leaving the EU is making banks more political places...
Alex Wilmot-Sitwell’s exit from Bank of America in March 2018 was a sign. Wilmott-Sitwell, who was BAML’s president for Europe, the Middle East and Africa (EMEA), reportedly resigned after six years...
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Now Nomura has put some of its senior technologists’ jobs at risk
Japanese bank Nomura might now be building up its credit (and in particular its structured credit) team after making 50 people redundant in July, but this isn’t preventing it from making cuts to its...
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This is how much you’ll really earn working for Boston Consulting Group
If you’re working 80 hour weeks in the investment banking division (IBD) of a major U.S. bank, chances are that you’ve toyed with moving into a consulting firm instead. After all, consultants are...
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Traders are studying these courses in their spare time to ensure they stay...
If you’re trying to break into finance now, you might want to think beyond the CFA qualifications. Yes, the CFA Institute has launched machine learning and crypto currency components to its courses,...
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Morning Coffee: Will you need to know coding for future banking jobs? It’s...
Do you need to know how to code if you want to work in banking? It’s the new perennial question that we’ve addressed here and here, but J.P. Morgan and Morgan Stanley have provided a more comprehensive...
View ArticleMy SMU MWM gave me the technical knowledge I needed to boost my career
Chuck Ng, Head of Distribution and Partnership at Manulife Asset Management, became interested in finance when he was an undergraduate at university. Singapore-based Ng’s first degree was in chemical...
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An ex-MD in Nomura’s structured credit business got a new job on the buy-side
Nomura is supposed to be all about structured credit these days. As we’ve noted, the Japanese bank is going for a 25% increase in credit trading revenues and has special hopes for structured credit in...
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The TMT associate who just left Deutsche Bank has a fancy new job
The good news is that Nicholas de Vibe, the technology media and telecommunications (TMT) team associate who left Deutsche Bank last month hasn’t gone to another bank. The bad news is that de Vibe has...
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