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RBS joins in on the parade of senior FX sales poaching
Yet another senior FX salesperson has changed seats in the U.S., adding to the growing list of foreign exchange specialists who have recently been poached by rival banks that are actively looking to...
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Morning Coffee: Something strange happened during Goldman Sachs’ internships....
When we asked recent banking interns what they thought of last summer’s internships, the results were entirely positive. “The internship exceeded anything I could ever imagine,” said one, who’d...
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Now Paris is pursuing London’s private equity jobs
Earlier this year, we asked people in finance how happy they were with their pay. A 23 year-old working in a small/mid cap private equity fund in Paris responded to say he was very unhappy. At just...
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How fathers quietly damage the careers of mothers, by Goldman Sachs
Back in August, we published an article on how rare it is for male bankers to take advantage of new HR policies that grant them as much as 16 weeks of paid paternity leave. Most take no more than a...
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Natwest Markets is still topping up its depleted rates trading team
NatWest Markets (formerly known as RBS) needs some new rates traders. Back in July, it lost three key members of its European rates team to Nomura. Ever since, it’s been quietly fishing for...
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COMMENT: My horribly subservient life as a hedge fund analyst
I am an analyst in a hedge fund. And I am my portfolio managers’ bitch. I am not the only one. I’ve worked in hedge funds for many years now (I used to work in a bank) and I’ve come to the realization...
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Barclays taps MD to help lead its U.S. online retail push
Barclays is adding some senior talent as it looks to take on Goldman Sachs with the expansion of its own digital-only retail banking service in the U.S. The British bank has hired Rob Kottmeier as a...
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Morning Coffee: A software engineer with 3 years’ experience confessed to...
Good morning! Jackie Luo, an engineer at Square, has opened up herself to some “radical transparency” by posting her own compensation details on Medium. It’s by way of introduction to her project of...
View ArticleDeutsche Bank shrivelled as Barclays hired nearly 400 markets professionals
If ever there were a parable on the difficulties of an investment bank cutting its way to growth versus the more straightforward approach of growing its way to growth, Deutsche Bank and Barclays would...
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“If you want a 10 year career in banking, just say yes and move your family”
Brexit is coming – probably – unless it’s kicked into the long grass for a few more years (which might not be such a bad thing). Banks are rattling sabres about activating their contingency plans on...
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How to choose a job after banking that will lead to a great life
If you’re a rank-and-file professional working long hours at a desk job, you’ve likely spent at least a moment or two wondering if the grass would have been greener if you took a different career path,...
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How tech jobs in banks got exciting while those at tech firms went the other way
The big argument against getting a technology job in an investment bank is usually ‘the work’. – Do you really want to be spending your life updating tired legacy systems for a highly-regulated...
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No need to pity Evercore bankers as pay ticks down
Here’s the bad news for Evercore bankers: revenues for the third quarter were down, they advised on fewer deals and the compensation pool shrank. Despite all that, pay-per-head is still massive...
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Morning Coffee: “If Deutsche Bank can’t make money at this part of the cycle,...
Last Friday, Deutsche Bank’s share price fell sharply ahead of concerns about its third quarter earnings. Yesterday, the bank’s earnings came out and the bank’s share price fell another 4.5%. At €8.7,...
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Outperforming UBS bankers appear to have had a pay cut
Remember the days where you performed better than the rest of the market and increased profits by 44%, and you got a pay rise? UBS’s investment bankers may well recall them with fondness. They just did...
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The ten best universities for becoming a quant or strat at Goldman Sachs
With sales and old-school trading jobs disappearing, quants, or quantitative analysts, have taken on huge roles at investment banks, including Goldman Sachs. So too have “strats,” a role originally...
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COMMENT: Banker who’s thinking of moving to Paris? You need to know what it’s...
I’m a banker who works for a leading French bank in Paris. I’ve have been here for over a decade and I feel it is my duty to warn London bankers who think Paris is a dream world of chansons and...
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The meteoric rise of a 35 year-old salesman at Goldman Sachs
Have you heard of Sam Morgan? If you’re a fixed income currencies and commodities (FICC) salesperson who aspires to work for Goldman Sachs in Europe, you might want to familiarize yourself with the...
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Morning Coffee: Behind the scenes at Google’s sex scandal. Deutsche Bank’s...
Google and its employees were rocked this week by a bombshell article from the New York Times that details multiple past accusations of sexual misconduct and one eye-raising exit package given to one...
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Safe small-talk when you work in banking
A good trading floor should in many ways be like a good dinner party – plenty of lively conversation and heated debate over issues of the day. But never presume that anything goes. Trading floors have...
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