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Some of SocGen’s most senior quants are now launching their own firms
Quants are the new hot thing in investment banking, but they’re also (relatively) under-paid and under-appreciated. It’s not like they don’t have other opportunities. Good quants can find jobs at...
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Here’s how much everyone else earns at Blackrock in London
George Osborne is getting a good “package” from Blackrock. In exchange for four days a month of his time, Blackrock is bestowing upon him £650k ($790k) a year. That’s £13.5k a day, or £1.7k an hour....
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“I’ve been a banker for 21 years. This Executive MBA helps me serve clients...
As a senior private banker at Credit Suisse in Singapore, Mary Ann Gabriel serves some of Asia’s wealthiest entrepreneurs. “Many of my clients are self-made. They might have started by opening a tiny...
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Cantor Fitzgerald just made a big hire from Credit Suisse in NYC
Cantor Fitzgerald has hired Greg Dabal, a former Credit Suisse managing director, for its prime brokerage business. Dabal joined Cantor’s NY office this month according to his LinkedIn profile. He’s an...
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Eight questions to ask yourself before going into investment banking
Have you really thought about what life is like working for an investment bank? Before you start your career, ask yourself these eight questions. 1. How important is work-life balance to me during the...
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Another investment bank’s head of equities in London has departed
Working in a senior cash equities job an investment bank is a perilous place to be. Tim Throsby aside, few heads of equities come out looking better from the current slide in revenues well and many are...
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The 20 top data scientists in banking and finance
As data scientists displace rainmakers and traders as the most sought after people in finance, a new group of people hold the keys to the industry’s future. The promotion of Marty Chavez, a...
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Human creativity needs to outsmart the robots, says Allianz GI manager
Students wanting to working in asset management face a shrinking job market as technology takes over from humans – but it’s still possible to “outsmart” the robots, says a senior Singapore-based...
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Morning Coffee: J.P. Morgan keeps tabs on employees 24/7. Hedge fund tries...
J.P. Morgan is following Morgan Stanley and Goldman Sachs by shaking up its annual review process away from purely ranking people every year and more towards keeping a constant check on their...
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Goldman Sachs and Deutsche Bank juniors are being targeted by this start-up
Junior investment bankers who specialise in tech companies have a new option to make the leap into a business development role (very) early in their career – online food delivery firm, Deliveroo has...
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11 things you don’t know about pay at UBS
UBS’s 2016 compensation report is out along with its annual report. The Swiss bank is less generous with its bonuses than it used to be, but it’s mitigating that in other ways. This is what you need to...
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Bonuses are a beautiful thing, here’s how to handle your first
Ah, that first bonus. So many things you’ve spent it on before it’s even in your pocket. You remember the feeling: anxious all day, sitting, waiting for your name to be called. The long stroll towards...
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Morgan Stanley has just hired Obama’s counter-terrorism guru into an MD role
Why would Morgan Stanley hire a counter-terrorism expert from the Obama administration who has spent her entire career working for the U.S. military and parachute her in as a managing director? The...
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I started a junior IBD job when I had a toddler. It was impossible, so I quit...
When you go into a junior investment banking job, you give up on your personal life. Partners fall away, friends become distant and your apartment becomes a place to lay your head for a few hours every...
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Morning Coffee: UBS rains on 2017’s parade. 25 year-old Morgan Stanley...
If you were hoping 2017 would be the year when banking revenues pick up, fueled by fixed income trading and a rush of Trump-inspired deal making, you’re probably wrong. A quick read of UBS’s latest...
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Point72 raids Citi and Goldman Sachs for its latest junior recruits
Point72 Asset Management might be bringing in junior talent through its Academy, but it’s still targeting investment banks’ analysts and associates. In fact, Steve Cohen’s family office has managed to...
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Why Goldman Sachs and J.P. Morgan pay, why other banks don’t so much
You’ll earn more working for Goldman Sachs or J.P. Morgan than for other banks. This is especially true if you work for either bank in London. Goldman Sachs, for example, pays each of its Fleet Street...
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Non-bonuses paid, people are leaving Deutsche Bank
Last Thursday was Deutsche Bank’s non-bonus day. If Deutsche Bank were paying bonuses, Thursday was the day it would’ve splashed them out. In the event, Deutsche Bank’s bonus pool was down 80% and...
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The top 30 Masters in Finance courses for getting a job in hedge funds,...
Having a Masters in Finance degree on your resume is becoming an increasingly important way of landing a graduate job in investment banking. Breaking into the buy-side is an altogether tougher...
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How to get through 100-hour weeks as a boutique IB analyst
Some boutique investment banks on Wall Street have the reputation of being “sweatshops”. As an analyst who worked as a boutique, I can tell you that you’ll have to work 80, or even 100, hours a week...
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