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Nomura’s ex-head of sales has just set up a mentoring website
What can you do if you’re a senior salesman within an investment bank with 30 plus years of experience who finds themselves out of the market after your employer makes some big cuts? In the case of...
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7 finance firms working with AI, and why you should be afraid of them
Just because one Goldman Sachs MD quit banking for an elusive residency at Google Brain, don’t assume you need to leave finance to pursue your passion for machine learning. As artificial intelligence...
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The mistakes made by new associates in investment banks
Analysts in investment banks across the City and Wall Street are no longer bottom of the career ladder. Investment banks have just promoted their third-year analysts to associates – or even quicker in...
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It’s not just Brexit, Britain is fundamentally averse to banking
52% of Britons don’t like the European Union, but (and there are no statistics to validate this) it seems that a far higher proportion of the population dislike “banks” and the “bankers” who work in...
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Morning Coffee: Deutsche Bank’s brave method of hiring young bankers. The...
Twitter hasn’t been the greatest friend to investment banks. J.P. Morgan’s infamous #AskJPM in 2013 resulted in a deluge of abuse and most banks have taken a relatively corporate approach to social...
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Why you should keep applying for finance jobs, even when you’re rejected
You apply for one finance job. Two, three, four, five. Hundreds – maybe even thousands. You don’t succeed. Should you give up? No. I’ve been in this industry for almost eighteen years. I have seen the...
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Where financial services firms will be hiring in the U.S. in 2017
As 2017 has begun to unfold, now is the time when most financial services organisation have finalised their hiring plans. With a flurry of job cuts in the final quarter of 2016 and into this year,...
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Credit Suisse has just poached a top quant in this hot area from Morgan Stanley
Morgan Stanley has been losing senior quants over the past year through a combination of redundancies and exits, and another has just jumped to a competitor. Jon Hill led a team of quants within Morgan...
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What to ask in an interview at Deutsche Bank, by J.P. Morgan
Deutsche Bank is starting 2017 in spry old form. The stock’s up 71% on September lows, the Damoclean $14bn Department of Justice fine has been cut to a more manageable $7.2bn (a civil monetary penalty...
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Morning Coffee: Dark mutterings about the Deutsche Bank bonus pool. Pre-bonus...
A phantasm has coalesced from the murky chatter surrounding Deutsche Bank’s 2016 cash bonuses: seems there might not be any after all. You will recall that Deutsche Bankers went from all-but dismissing...
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Odey Asset Management hires young aristocrat after redundancies
On the gilded streets of Mayfair, few hedge fund managers are as blue-blooded and stereotypically British as Odey Asset Management. In-keeping with this reputation, Odey has just hired Henry, Earl of...
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Meet the German bank hiring junior M&A bankers in London (it’s not Deutsche)
Based upon the recent performance of its M&A business, Deutsche Bank could benefit from hiring some new M&A bankers. Indeed, it says it wants to hire some new M&A bankers – particularly for...
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Capula Investment Management paid someone £34m
Even in hedge funds there are haves and (comparative) have nots. Capula Investment Management is a case in point. The London hedge fund has just released its accounts for the 12 months ending March...
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The most exciting new jobs at Goldman Sachs are not open to finance candidates
If you haven’t got the message already, Goldman Sachs is a technology firm. Lloyd Blankfein says so. If that’s not sufficient, around 27% of its staff are technologists and a technologist, Marty...
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Exit options for investment banking sales staff as cuts take hold
It’s not just traders who are facing the axe as automation and restructuring in investment banking takes hold. With banks pulling out of certain business areas, or deciding to focus on big clients who...
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Rothschild junior bankers denied access to the company butlers
Butlers are generally a thing of the past in Britain, existing only in the popular imagination fuelled by the likes of Downton Abbey and Remains of the Day. Rothschild, however, is an exception: at...
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Why you want to work in banking, irrespective of the downsides
It is no secret that investment banking isn’t an easy career path. The work-life balance tends to be skewed heavily toward the former at the expense of the latter, and pay isn’t what it was at the...
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Morning Coffee: Morgan Stanley’s layoffs bode badly for Goldman Sachs. George...
Morgan Stanley CEO James Gorman is a McKinsey & Co. consultant by trade. Maybe this makes him more dispassionate about cutting costs? Either way, Morgan Stanley was one of the first banks to pull...
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How to avoid blowing your banking pay and get out by the age of 45 (or...
Ten years ago, young people in banking expected to work a 15-year stint. The precarity and ageism inherent in finance careers were offset by unlimited bonuses and the potential to earn very big money,...
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Bonfire of 40 year-olds as HSBC, Morgan Stanley cut at the top
It’s not a good time to be a very expensive 40-something banker. Nor is it, frankly, a good time to be a moderately expensive banker aged 35+. McKinsey & Co says banks in developed markets could be...
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