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As Credit Suisse rebuilds in equities, its best traders eye Blackrock
2017 is a year of change for Credit Suisse’s under-performing equities business. In Mike Stewart and Stuart McGuire (and now Michael Di lorio) the Swiss bank is bringing in three well-established,...
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Senior Goldman e-trader returns to the bank after eight years at J.P. Morgan
Can you ever go back to Goldman Sachs after you’ve left the ‘firm’? Yes, actually. The head of electronic trading for J.P. Morgan’s commodities business, who joined the bank after 20 years at Goldman...
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Why quants don’t (always) want to work for banks
Chung (a pseudonym) is leaving Goldman Sachs’ strats team. After several years with the firm, he’s had enough. He’s going to try his luck with a hedge fund, or a fintech. Anything but a bank. Chung was...
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Why wealth management is moving away from “sink or swim” to target millennials
Back in the day, you’d end up in wealth management because of the people you know. If you were lucky, and had rich connections that you could persuade to invest their assets with your employer, then...
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Morning Coffee: Meet the grumpy 40-year-old bankers blocking juniors’...
It’s hard to get promoted in banking. As a recent study by financial consulting firm Quinlan Associates made clear, most bankers get stuck at around vice president (VP) level. Plenty of them leave. Who...
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The toughest fighter on Wall Street is now working for a tiny hedge fund in...
Sean George would like you to know, in a casual sort of way, that he knows a lot of people in the Ultimate Fighting Championship (UFC). The softly spoken American, and 21-year Wall Street veteran,...
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How the laid off 40-something traders came back into fashion
If you’re a 40-something salesperson or trader fearful of losing your job, don’t be. You might spend a 15 months tending the garden or playing golf or running a pub, but they’ll want you back one day....
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Goldman VP who quit for investor relations returns to banking as an MD after...
Investor relations is an increasingly common escape route for both equity researchers seeking a new path, and M&A bankers looking for a change. But switching out of investment banking doesn’t mean...
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This is the minimum score you can get on CFA Level 1, and still pass
The June 2017 sitting of the CFA Institute’s exams is fast approaching. If you’re studying for them, good luck. You know you’ll need it: the CFA exams are notoriously hard and for Levels One and Two at...
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How to handle the blanks in your CV when you’re applying for banking jobs
If you’ve spent your career in banking and finance, the chances are you’ve got some spaces in your CV. Maybe you’ve been bringing up children (men and women)? Maybe you quit to try a different career...
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Would you accept a demotion to join Goldman Sachs? This EM trader did
One of the best ways of securing a bigger title if you work in investment banking is to trade a bulge bracket bank for a smaller player. So-called title inflation is a common tactic among bankers and...
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How Trump has turned people off Wall Street’s hottest sectors
Wall Street has a problem – Donald Trump’s anti-immigration stance has turned off overseas applicants, and it’s the hottest sectors that are suffering. Quants are the new kings of Wall Street, and...
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Will London mostly be for junior banking jobs after Brexit?
If you want a senior banking job in Europe right now, you’ll probably need to come to London to find it. Come 2019 that could all change. After Brexit, it’s starting to look like analysts, associates...
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The jobs you’ll most likely get with CFA qualifications. And the companies...
Whether you’re among the select few who have passed the CFA, or are frantically cramming for the upcoming exams in June, it’s good to know how the qualification will affect your job prospects. As the...
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Morning Coffee: The bored J.P. Morgan traders desperate for action. Morgan...
Traders at Wall Street banks, including J.P. Morgan, Bank of America Merrill Lynch and Morgan Stanley, are twiddling their thumbs, frustrated by the low market volatility and interest rates that have...
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43 of the top big data companies to work for, by J.P. Morgan
Two decades ago, data seemed fairly finite. There was macroeconomic data, like GDP figures and there was microeconomic data, like company reports. If you were cutting edge, you might have traded...
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Credit Suisse just hired BAML’s head of U.S. equities trading
Credit Suisse’s rebuild of its equities trading business is continuing apace. We understand that the Swiss bank has just recruited Douglas Crofton, the former head of cash equities trading for the...
View ArticleThe EMEA head of a major trading business at Credit Suisse has left for the...
Credit Suisse may be making more of an effort to “protect its full-time employees” after making deep cuts to its global markets business in London, but senior staff are still heading for the door. The...
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Real-life mistakes of banking interns
Jefferies’ CEO, Richard Handler, has written a blog on how to succeed in your summer internship. Among other things, he intones Jefferies’ coming interns to work hard but not to burn out, to take rest,...
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The most in-demand programming languages on Wall Street
Investment banks are technology firms. So says Lloyd Blankfein at Goldman Sachs and Marianne Lake at J.P. Morgan. Both banks have thousands of technologists and have prioritised IT hiring over most...
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