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If quants in banks are so hot, why aren’t they better paid?
Quants are it. While sales jobs in banks disappear and trading jobs are automated into mundanity, quants are the new thing. Banks are alert to the value of data, and quants are the alchemists who are...
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Morning Coffee: The stars who earn $10k for a phone call. Deutsche wields the...
Investment banks have been chopping equity research headcount, but they’re still willing hire a star analyst when they’re available. The result of this is that the typical structure of a research team...
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One of Goldman’s most senior traders just retired post-bonus
If you work for Goldman Sachs, your 2016 bonus is pretty much in the bank. You’re therefore free to find somewhere else to work, or to leave banking and do something entirely different. Guy Saidenberg,...
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Goldman Sachs and HSBC have tapped Facebook and AOL for these hot jobs
It’s no secret that banks are in battle with large technology firms for talent, but both Goldman Sachs and HSBC have just managed to poach senior technologists who have worked for Facebook and AOL for...
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Brexit’s enhanced equivalence isn’t dead. It was never alive
If you’re already feeling pessimistic about the City of London’s future after Brexit, you might be feeling even more so following the Financial Times’ sighting of the EU’s “staff working document” on...
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The absolutely perfect resume for private equity
Looking for a job in private equity? Good luck: for every available role, just 10% of the on average 300 applications make the shortlist. And you have to make an impression with your resume quickly –...
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Abnormally popular U.S. equities banker is leaving Barclays
One of the most senior and popular managing directors in Barclays’ U.S. equities business is quitting. Johnny Wu had worked for Barclays for 12 years and is now off in search of, “new challenges that...
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After getting fed up with financial services, this ex-UBS PM found a real...
Most people assume that starting a hedge fund is a path to getting rich, and getting scooped up by a big international bank like UBS sounds even better, but it took leaving finance altogether for Ravi...
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The best European banks to work for on Wall Street, by Deutsche Bank
With the U.S. economy firing-up thanks to Trump’s spending plans and U.S. trading revenues increasing thanks to anticipated rate rises, European banks can be expected to go for growth in the U.S. in...
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Morning Coffee: The hard life of the 40 year-old on $160k. Morgan Stanley...
If you don’t make it by your late 20s, you need to make it by your late 30s. If not, your 40s could be harsh indeed. So suggests a piece by the Guardian on the lives of technologists in Silicon Valley...
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Morgan Stanley man escapes ‘model validation’ for big job
Model review jobs are the equivalent of CDO structuring jobs circa 2006. Once, there were hardly any of them. Now, they’re everywhere. Responsibility for the proliferation of model review or “model...
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Teacher turned hedge fund manager is latest Brevan Howard exit
An FX strategist at Brevan Howard, who went into hedge funds after two years as a grammar school physics teacher, has become the latest senior exit. Teaching is often viewed as a vocation to escape...
View ArticleI’ve just secured a summer internship at Goldman Sachs. Here’s how
Everyone knows that it’s difficult to get a trading internship at Goldman Sachs, but when you see 100 students from a single university gathered in a campus presentation where you’re told there are 10...
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10 reasons you should work for J.P. Morgan, by Daniel Pinto
It’s J.P. Morgan’s 2017 investor day. The bank is outlining to investors why they should be putting their money in J.P. Morgan’s stock. In the process, it’s also doing a good job of explaining why you...
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How to get through risk management interviews successfully
There is a great deal of activity in recruitment for financial services risk management roles, especially in banking where financial institutions have become more sensitive to risk exposures since the...
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How I ranked top of the BAML analyst class by using my brain
Next time someone tells you about the crazy hours you’ll work as an analyst in an investment bank, don’t listen. Same, don’t listen when they tell you how junior banking jobs are for mindless academic...
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Morning Coffee: How to ride a lay-off with style. Big Four accountant throws...
Even if you’re at the top, equity research remains a perilous place to be. The latest investment bank to hack away at its research function is CLSA, which has laid off 90 employees as it decided to...
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Citadel targets investment banks as it continues to expand in the UK
Most hedge funds are now turning to graduate recruitment programmes to develop junior talent. Citadel, however, is still hiring from investment banks. Citadel has been building its senior ranks over...
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The 35 year-olds every bank wants to hire in 2017
Juniorization is over. So say front office markets recruiters in London: if 2016 was all about finding high-performing vice presidents who could do the work of directors and managing directors, 2017 is...
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Upset following the SocGen fixed income bonus round
SocGen’s fixed income traders didn’t do badly in 2017. As the chart below shows, they managed to increase revenues more than rivals at most other banks, including at the Americans that dominate the...
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