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Junior bankers keep leaving for these particular jobs at Palantir
It may no longer serve artisanal pork products in its snack kitchen, but analytics company Palantir still has some sort of draw for junior bankers. One of its more recent hires is Daniel Wheller, a...
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COMMENT: Europe’s long trading days make no sense
If you’re a trader in the U.S., I take my hat off to you: you’re in the right location. If, like me, you’re a trader in Europe, you have my pity. At the time of writing this article, the market cap of...
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Morning Coffee: The $645k salary and the silliest expense claim ever. Richest...
The funny thing about expenses claims is that they can be too small as well as too big. Massive unauthorised blowouts at pricey restaurants are always going to raise eyebrows and may get rejected, but...
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Why you should apply for graduate jobs in accounting instead of investment...
If you’re a student who’s looking for a finance-type job when you graduate and you’ve put all your eggs into the investment banking basket, a report out today might encourage you to think again....
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Citi’s New York office made a major hire from JPMorgan in London
Citi has recruited an executive director from JPMorgan in London to join its office in New York. Guillaume Flamarion, JPMorgan’s former head of EMEA (Europe, the Middle East and Africa) equity...
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Deutsche Bank quietly promoted its 2019 managing directors – bad luck if you...
Deutsche Bank has quietly promoted its new class of global managing directors (MDs). The German bank is understood to have informed directors who are on its new MD list of their new promotions late...
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Ex-Goldman banker describes finance as “dark art,” advocates running...
If you’re a top student who aspires to work for a top tier investment bank or a hedge fund, you probably don’t want to hear that you’re making a horrible mistake and should probably be running a fast...
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How to get a job at Goldman Sachs in 2019
Unlike many other financial firms, Goldman Sachs is firmly in hiring mode. The investment bank increased headcount by 9% in 2018 as it added roughly 3,000 people. But while headcount is ticking up, not...
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Hyper-educated quant trader leaves Citi for UBS
A director-level quant trader that specializes in equities has joined UBS after a seven-year stint at Citi. Kai Zeng started with UBS in New York last month. A vice president at Citi, Zeng helped...
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The curious interview questions asked by a $14bn private equity fund
If you interview for a job with a private equity fund, you’re likely to fail. – PE funds are notoriously fussy about who they hire. They also hire very few people. However, Canadian private equity...
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Morning Coffee: Ex-banker’s revenge on former boss, one decade later. Andrea...
As the proverb has it, “never kick a man until he’s down; that’s where your feet are”. Jeffrey Gundlach has plenty of bad blood with Société Générale as a company, and even with its CEO Frédéric Oudéa...
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UBS is punishing its investment bankers for being worse than the rest
The UBS Q4 results are out, and in terms of bonus expectations per capita the story is as clear as it’s negative – the investment bank has shown its lowest accrual for personnel costs in eight quarters...
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Inside Millennium Management: The portfolio managers’ hedge fund
It’s probably telling that while technology companies fall over themselves to woo staff with free food and impressive office interiors and banks are following suite, one of the world’s largest hedge...
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JPMorgan’s got a new way of retaining its top young technologists
Young technologists don’t always want to stick around at JPMorgan, or indeed at any other investment bank. But as technology firms like Facebook fall out of favour, banks have more to recommend them....
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The top master’s programs for becoming a quant in finance, and how much...
If you want to become a quant at an investment bank or hedge fund, a traditional master’s in computer science won’t always do. Universities have responded to the high demand for quant traders and...
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J.P. Morgan’s AI team continues big hiring push
Last time we checked in on J.P. Morgan’s artificial intelligence plans, the firm had just hired a renowned AI and machine learning specialist to help build out the team in New York. Now, it’s Tucker...
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Morning Coffee: Fund manager who partied with his juniors concedes this was a...
“While I am not a person who attaches much importance to hierarchy, I now believe that it is perhaps better as a senior employee that I always maintain a professional distance with more junior...
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COMMENT: My friend died after overworking in banking. Watch your health
Remember the intern at Bank of America Merrill Lynch (BAML) that passed away in 2013? He was my friend. We interned on the spring week together at BAML in 2012. I still have him as a Facebook friend to...
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Goldman Sachs hiked pay for 1st year technologists to £98k. And it’s causing...
Goldman Sachs has given its junior technology staff in London a big pay hike. And it’s causing issues with staff in other divisions. Goldman insiders say the firm awarded a big pay rise to its most...
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Where each Wall Street bank is looking to hire in 2019
As is the new norm, investment banks are making significant job cuts across some divisions while feverishly recruiting for others. In the U.S., every big bank seemingly has different priorities. Here’s...
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