Morning Coffee: The worst thing about being a VP in M&A, by Steve Bannon....
M&A jobs are hard. The hours are long. The food is bad. Your health may suffer, but this is not the worst thing. Steve Bannon, Trump advisor, and a former VP in M&A at Goldman Sachs, knows what...
View ArticleLondon bankers mostly want to work for U.S. banks
What happens if U.S. investment banks disperse the operations they currently have in London across Europe after Brexit? It might not come to pass, but it’s certainly a possibility. And it’s one that...
View ArticleRBC Capital Market’s MDs have been flooding the market
This time last year, RBC Capital Markets was talking up an aggressive expansion in U.S. investment banking and was looking to hire in senior people to do this. Now, however, managing directors at the...
View ArticleCredit Suisse’s head of data science and head of macro investing quit to set...
Two senior Credit Suisse staff have quit to set up a new company together. Aric Whitewood, the bank’s head of data science, and Jonathan Wilmot, the head of macro investments in its asset management...
View ArticleThis bank wants to turn its staff (and clients) into mental & physical athletes
Banking can be bad for you. Remember that study by ex-Goldman associate turned UCLA professor Alexandra Michel which found junior bankers suffering from everything from weight gain to hair loss because...
View ArticleBrexit or not, Goldman Sachs expanded in London last year
Goldman Sachs might be about to cut staff in London because of Brexit, but last year it was still adding staff in the City and increasing their pay. Goldman has just released its annual report for...
View ArticleHow to network with all the charisma of a top Wall Street banker
Over eighteen years in banking and finance, including five as a managing director at a major U.S. bank, I’ve noticed what makes some people succeed. Why some people get hired with guaranteed bonuses...
View ArticleFive ways to make the most of an investment banking Spring Week internship
Spring Weeks in investment banking are pitched as a taste of the industry, but the reality is that they’re really the essential first step into getting an investment banking job. I’m a couple of years...
View ArticleThis fintech firm is hiring quant researchers, data scientists and developers
In fintech terms, ITG is a big company. It employs over 960 people globally, and the firm – which provides data analytics and trading algorithms for brokers and asset managers – is looking to hire more...
View ArticleBanks cutting staff ahead of Q1 results
If you thought your banking job was safe because you survived the fourth quarter and got paid some sort of bonus, you were wrong. Cost cutting in banking is alive and well and banks have been casting...
View ArticleJamie Dimon tells MBA students that banking is still the place to be
Jamie Dimon may be talking up his own book, but he believes that MBA students should embrace the “dramatically” growing financial services industry when thinking about starting their career. Yes, MBAs...
View ArticleMorning Coffee: The reality for hot 20-somethings on the trading floor? How...
When investment banks sell entry level roles to eager 21-year-olds, it’s easy to believe they’re joining a country club. They’re told it’s all based on teamwork, the environment is “collegial” and...
View ArticleData will decide whether you keep your banking job
They weren’t called discretionary bonuses for nothing. When banks decided how much to pay in the past, there was always a finger-in-the-air component – an estimation from a manager on how much was...
View ArticleThe top 10 firms people on Wall Street want to work for
Goldman Sachs cut more employees in the U.S. in 2016 than it has for years, but its allure among financial services professionals remains undimmed. For the second year in a row, more financial services...
View ArticleCredit Suisse poaches top analyst from Jefferies months after tech banker raid
Call it some slight sweet revenge, but Credit Suisse has just hired a managing director in technology research from Jefferies, just months after Jefferies tried poaching a team of TMT bankers from...
View ArticleWhat associates and VPs at U.S. bulge-bracket investment banks on Wall Street...
Bonuses have been disappointing for most senior investment bankers on Wall Street, but firms are still feeling the pressure to keep their junior investment bankers happy. After all, private equity...
View ArticleThe easiest graduate jobs to get into at J.P. Morgan
It’s not easy to get a job at J.P. Morgan when you graduate. In 2016, J.P. Morgan hired only 2% of graduate applicants to its investment banking division (IBD). While 50 graduates are chasing each J.P....
View ArticleModelling marathons and trick interview questions: How to get through quant...
Quants are the new rock stars of finance, straddling a brave new world of big data and machine learning as computers take over. If you want to get in on the action, though, you’ll need to know how many...
View ArticleAnother top Goldman Sachs quant has called it a day
William ‘Bill’ Fallon, chief investment officer of Goldman Sachs’ quantitative global macro division and one of the most senior quants in its asset management business, has become the latest...
View Article3 reasons J.P. Morgan jobs are the safest on the Street
Headhunters in London claim that J.P. Morgan is readying a few cuts in its investment banking division. That’s strange, because J.P. Morgan would like the world to know that it’s already in fine shape,...
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