Even if big banks are bluffing over Brexit, they’re not hiring in London
Whether you believe that the big banks are bluffing over moving jobs out of the UK after Brexit or not – they’re definitely not hiring in London. There’s been a 17% drop in available jobs in the City...
View ArticleClik here to view.
Morning Coffee: J.P. Morgan’s ranking of the best banks to work for now....
Equity analysts who make calls on the best bank stocks to invest in aren’t in the business of advising on the best banks to work for. They don’t consider cultural differences between banks, or working...
View ArticleClik here to view.
More mysterious exits at Bank of America Merrill Lynch
Bank of America’s two highest-ranked female technologists have left the bank as part of an ongoing shake-up at the top in IT. Cathy Bessant, chief operations and technology officer at Bank of America,...
View ArticleClik here to view.
New remuneration rules threaten pay of London sales staff
If you work in sales in an investment bank, you’ll know all about sales credits. Sales credits are what determine your bonus. As Chris Fleming, the former head of global markets EMEA sales at Nomura,...
View ArticleClik here to view.
New survival options for investment banks’ equity researchers
For all the talk of the death of the equity research, investment banks want to hang on to their star analysts. The problem is, most of them are not happy. “There’s a ‘seniorisation’ trend in research...
View ArticleClik here to view.
J.P. Morgan hires bearded hipster to growing data science team
Banks are hiring for data science and they don’t mind if the data scientists they hire don’t have a finance background – just so long as they have an excellent quantitative pedigree. The latest...
View ArticleClik here to view.
This California-based hedge fund is hiring, but PhDs need not apply
Before becoming the CEO and managing partner of Sunrise Capital Partners, a San Diego-based hedge fund, Jason Gerlach worked as an attorney for a decade. He worked with clients in the alternative asset...
View ArticleClik here to view.
Here’s who just left Deutsche Bank after last week’s bonus disappointment
It’s been one week. Seven days since the disappointment that was Deutsche Bank’s 2016 bonus day. Not only were performance bonuses all but wiped out for anyone above associate vice president level, but...
View ArticleClik here to view.
Nine things you need to know about working at Goldman Sachs now
What is worrying Goldman Sachs? Who is it hiring and how do you get in? Helpfully, Goldman Sachs has just released its 2016 annual report which contains some of this information. This is what you need...
View ArticleClik here to view.
It’s not the hours that IBD analysts can’t handle, it’s the boredom
Brian Bissonette, the founder and CEO of WorkingGroupLink, a business-to-business financial technology company, rose to director in the investment banking division of Bank of America Merrill Lynch...
View ArticleClik here to view.
I quit my London IB job for an early shot at Singapore fintech. It paid off
You work in banking for about 10 years, you spot a gap in the market, and you launch a start-up – that’s how you’re supposed to break into fintech. But that’s not the path that Gerben Visser took. From...
View ArticleClik here to view.
Morning Coffee: Blankfein says ‘Government Sachs’ is OK. Beware Machiavellian...
Several former Goldman Sachs employees have joined the Trump administration, including the chief economic advisor to the president and former Goldman COO Gary Cohn; chief strategist Steve Bannon;...
View ArticleHedge fund manager who wrote seduction guide for nerds is going it alone
Not all hedge fund managers are hyper-masculine men in pursuit if a warrior physique. Some are introverted, sensitive 90s guys, keen to espouse their qualities to potential mates. A case in point is...
View ArticleClik here to view.
Goldman Sachs and the $2bn 2016 stock bonus pool
No one knows how big the Goldman Sachs bonus pool is. Unlike some other European banks, the firm doesn’t break out its spending on bonuses. We know it spent $12bn on compensation for its 34,400 staff...
View ArticleClik here to view.
“Believe me, investment banking is so much better than a start-up for...
If you’re young and academically bright, you believe that you can do anything. For a lot of students and junior investment bankers, this means quitting and starting up your own firm. You see the likes...
View ArticleClik here to view.
The Morgan Stanley and Oliver Wyman guide to holding onto your banking job
They’re over. The hard years of zero revenue growth and terrible returns and constant cutting are coming to an end. This year’s big ‘Blue Paper’ banking report from analysts at Morgan Stanley and...
View ArticleClik here to view.
“This is why I left J.P. Morgan’s tech team”
Vanessa Menendez-Covelo used to work for a bank. She used to work as a developer in risk technology for J.P. Morgan in London. She worked there for nearly five years and before that she spent a similar...
View Article“I returned to my bank after parental leave and was offered a promotion”
When Soraya Alali returned from parental leave in 2010 she asked her employer, Commonwealth Bank, whether she could work part-time. Not only did the bank fully support her request for flexible work...
View ArticleClik here to view.
Morning Coffee: When 20-something bankers decide it’s not worth it. Rich...
Credit Suisse couldn’t have paid its investment bankers any more without going into the red. Costs ate up 99.2% of revenues within its global markets division in 2016. Seemingly, the bank came good on...
View ArticleClik here to view.
Senior M&A bankers have been leaving Deutsche Bank and Barclays
Now that the no-show 2016 bonuses have hit bank accounts, senior M&A bankers are departing banks across the City, even if they have no new jobs to go to. Not surprisingly, one of the exits has been...
View Article