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Deutsche Bank director quits for Morgan Stanley before non-bonuses announced
Watch out for moves from Deutsche Bank. As the bank’s bad bonus news sinks in and other banks start filling holes, Deutsche is going to be a prime hunting ground. One Deutsche Bank director has already...
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The biggest misconceptions about working for a hedge fund
Of all the misconceived stereotypes about working for a hedge fund, the biggest one is around pay. Many people underestimate how long and hard you’ll have to work to achieve the eye-popping salaries...
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I launched Goldman Sachs’ Marquee, but I quit to tackle Fintech’s biggest...
Marquee is a big deal at Goldman Sachs. With Marty Chavez recently promoted from chief information officer to CFO at the bank, Goldman’s previous statements about being a technology company look truer...
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This is where private equity firms will be hiring in the U.S. in 2017
Private equity firms’ on-cycle recruitment is becoming more competitive and kicks off earlier every year – for many investment banking analysts, the process begins as soon as they start on the training...
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Where the juniorization’s really happening on Wall Street: a chart
Which banks are most reliant on their juniors to get stuff done? Which are the most effective practitioners of ‘juniorization’, or the reassignment of jobs previously done by expensive experienced...
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Morning Coffee: Deutsche Bank’s $630m fine down to creaking over-worked team?...
By the end of this year, Deutsche Bank will have 1,160 people working in its anti-financial crime unit, and not before time. Not only has Deutsche Bank been slapped with another fine – this time a...
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The most frustrated people in finance
Banks are like water-filled balloons: if you squeeze one end to displace a bulge, it simply appears further along. In the past 24 months, most large banks have introduced syncopated training programmes...
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Nomura has hired a senior economist as most investment banks cut back
Economists in Europe have had to swallow their pride and admit they were wrong about the impact of Brexit on the UK. Except, Brexit hasn’t actually happened yet, so maybe they’ll be proved correct...
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Actually, Deutsche Bank’s retention bonuses are more cunning than we thought
John Cryan is a cunning old dog. As we’ve thoroughly reported, Deutsche Bank’s CEO isn’t awarding proper bonuses to anyone above associate vice president level this year. He is, however, awarding...
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The 11 worst career decisions that junior bankers make
Everyone makes blunders early on in their career, even they eventually end up at the top. Here are the most common lapses in judgement and just plain-old poor decisions that junior bankers make. 1....
View ArticleI survived automation on the trading floor, here’s how you can too
I used to travel to China regularly. During small talk over the inevitable elaborate banquet I was always asked how many children I had. When I replied that I had three boys, my interlocutor would...
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Perella Weinberg said to pay giant bonuses to London juniors
Wild excitement at Perella Weinberg! We understand that the M&A boutique has given London staff their 2016 bonus numbers and that they’re a) huge and b) the bonuses are being paid entirely in cash....
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Four questions to ask in interviews with UBS’s investment bank
Has UBS got a problem? Chirantan Barua at Bernstein Research thinks so. In light of last week’s miserable results from the Swiss bank, Barua has reiterated his underperform rating on UBS’s stock,...
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Morning Coffee: A warning to the 28 year-old bankers without a plan. Deutsche...
Beware the danger of working in finance without any heed of what you really want to do with your life. This is the warning from Phil Page, a man who retired from the City of London aged just 40 after...
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Ex-Goldman Sachs equity researcher makes triumphant return as M&A MD
Goldman Sachs has hired back its former head of insurance equity research five years after he departed to reinvent himself in M&A at a smaller investment bank. Johnny Vo left Goldman Sachs in 2011...
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Deutsche Bank’s dreadful year, and what happens next
Today is Deutsche Bank’s results day. Shares in the bank are down 6% since it divulged a €1.9bn net loss in the fourth quarter of 2016, which isn’t great since Deutsche’s most prized staff now need a...
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BNP Paribas poaches from consultant for this hot senior U.S. tech role
Investment banks are struggling to hire senior information security professionals, and continue to turn to other sectors for expertise as well as fighting for the top people within competitor firms....
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How to nail the ‘walk me through your resume’ interview question
You know it’s probably coming. In 90% of job interviews, the hiring manager or HR executive will say “Why don’t you walk me through your resume” as an ice-breaker. It gives the interviewer an...
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RBC Capital Markets pinched Morgan Stanley’s top quant
Quants are taking over the world. While traders lose their lunch, quanty-stratty types are coming out of their IDEs and into the multiverse. Watch Marty Chavez go at Goldman Sachs. Watch Elisha Wiesel...
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What’s happening with Big Four professional services firms’ recruitment in...
The on-cycle recruitment efforts of the Big Four professional services and audit firms – PwC, Deloitte, EY and KPMG – tend to be predictable, focusing on undergraduate and graduate students to fill...
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