Guaranteed bonuses are back – even for juniors
Remember guaranteed bonuses? In the years before the 2008 financial crisis, they were common when anyone of any significance changed jobs in the banking industry. Even in 2009, Sanaz Zaimi received an...
View ArticleYou accepted a new job and it’s a disaster. What next?
You’ve recently accepted a job offer and joined a new firm. It’s supposed to be the honeymoon phase where you make a good first impression, get to know your boss and colleagues, settle into your new...
View ArticleOne of London’s top macro traders just left one of London’s top macro hedge...
Macro hedge fund Caxton Associates added nine people in London last year. Now it seems to be going in the opposite direction. Headhunters say Greg Knight, the former head of leveraged FX finance at...
View ArticleEx-banker joins Silicon Valley PE consultancy – and he’s hiring
What do you do when you’ve tried banking, you’ve tried restructuring, and you’ve tried being an entrepreneur? How about joining a West Coast private equity (PE) consultancy? This is what Rishi Jain has...
View ArticleCredit Suisse MD demonstrates art of a buy-side move when you work in ops
One of Credit Suisse’s most senior operations professionals just quit for a large credit fund. Kathryn Hanna, Credit Suisse’s group operations head of client assets, left last week according to a...
View ArticleHow to get a risk job on Wall Street
There’s no two ways about it: A lot of financial services firms are still cutting costs, meaning that they are less likely to replace people who have left and may actually be laying people off. That...
View ArticleMorning Coffee: The strangest thing about Deutsche Bank’s latest...
Deutsche Bank is making good on the new-new strategy it announced in March this year. As it goes out to attract corporate clients over institutional clients (along with Goldman Sachs), Deutsche has...
View ArticleClever answers to stupid interview questions
Imagine that you’ve sailed through an interview by proving your technical proficiency, you’ve effectively answered how you can make an individual contribution while also proving your value as a team...
View ArticleThe 10 worst-paying finance jobs in London
If you want to live and work in the City of London, the bar is set high. With the average flat (apartment) costing £518k across the whole of London, a recent study suggested you need to earn £134k to...
View ArticleFemale Wall Street executives launch nonprofit to help girls get started in...
It is no secret that the representation of women working in many areas of financial services is dismal. Less than 2% of the world’s capital is invested by women, including less than 10% of mutual fund...
View ArticleEx-top Deutsche Bank traders quietly regroup at hottest PE fund in the world
While former Deutsche Bank senior executives remain embroiled in a battle over withheld bonuses, the ex-top traders one rung below them have had a good rest and are up to something new and exciting....
View ArticleMorning Coffee: The $75k finance courses that land you a boring job. JPMorgan...
Working as a quant in a bank today isn’t what it used to be. The term is now much broader, and while some of the mystique has dissipated, senior executives acknowledge that quants now play a crucial...
View ArticleGoldman Sachs just lost another rates trader, this time to Bluecrest
Goldman Sachs has been losing people this year. Several of its macro traders have gone to BNP Paribas. Several more have gone to UBS. An emerging markets trader has gone to Nomura. A top quant trader...
View ArticleHow to schmooze senior bankers during your banking internship
If you’ve got an internship in banking , then you probably already know that you’re going to have to network. You probably also know that you’ll need to network strategically: Many times interns get...
View ArticleMorgan Stanley’s ex-head of U.S equities is helping out at Barclays
Barclays seems to recognize that it has issues to address in its U.S. equities trading business. As we were first to report last month, Joe Corcoran, global head of markets and head of markets Americas...
View ArticleBarclays’ guide to AI and big data jobs in hedge funds
Machine learning and artificial intelligence are the new hot thing. As J.P. Morgan pointed out in a huge report earlier this month, machine learning is set to penetrate financial markets in a serious...
View ArticleI’m a serial job hopper in Asia. But my career is still booming. Here’s how
After graduating I worked for a Singaporean bank, but I didn’t stay beyond two years. Then I did a stint of only eight months at one global bank and stayed at another foreign firm in Singapore for...
View ArticleMorning Coffee: The 12 month course that will get you a $144k banking job....
Last week we brought you news of the $75k quantitative finance courses that probably won’t turn you into a designer of trading algorithms. This week, we bring you news of a $102k Masters of Finance...
View ArticleDeutsche Bank suggests you might want to take an equities job at Credit Suisse
Deutsche Bank and Credit Suisse have a few similarities when it comes to the performance of their trading businesses: both saw revenues shrink dramatically last year, especially in equities; both are...
View ArticleMy best ever summer in banking: on gardening leave
If you’ve got another job to go to and you’re thinking of handing in your resignation in finance, you want to do it in May or June. – While the weather’s hot and the beach is calling. There’s no better...
View Article