The qualifications you need to make it in investment banking now
Investment banks have never been overly big on formal qualifications, but the new breed of recruit is more focused than ever on academic excellence than ever. In an advisory function in investment...
View ArticleUBS loses senior quant risk specialists as juniorisation hits the middle office
In theory, senior risk managers who can help banks with model validation are hot property. A surge in regulatory demands has meant that investment banks have been scrambling to hire quantitative risk...
View ArticleMy career path from HFT cop to investment banker to hedge fund PM to data...
John Collins had a baptism by fire when he started out in finance. As an investigator for NYSE Euronext tracking tick data for suspicious trading, he was working at the exchange in 2007 when the...
View ArticleMorning Coffee: Banker broke the law for love and money. The danger of...
If a banker keeps passing handwritten notes to his girlfriend, but they’re all addressed to her father, then you know something’s not quite right. Rather than flirty banter or expressions of love, a...
View ArticleTop BAML FX trader turned chief risk officer at Citadel has now quit
The former head of foreign exchange trading for central and eastern Europe, the Middle East and Africa (CEEMEA) FX trading at Bank of America Merrill Lynch, who quit trading and banking to take a...
View ArticleDeutsche Bank’s EMEA investment banking chief also runs a hip arts centre
Alasdair Warren, the head of Deutsche Bank’s corporate and investment bank in Europe, the Middle East and Africa (EMEA), has a big job reviving the fortunes of the German giant, but he still has time...
View ArticleUBS’s head of investment bank strategy has jumped to BlackRock
BlackRock has poached a managing director at UBS’s investment bank to lead strategy for its exchange traded funds (ETFs) business. Sohee Park, who was global head of strategy for UBS’s investment bank...
View ArticleMorning Coffee: The partying 25-year-old college dropout making millions....
If you’re inspired by “vest and rest” millionaires – 30-something tech entrepreneurs who have sold their firm to Facebook or Google and are creaming the profits working six-hour days – there is another...
View ArticleGoldman Sachs is doing some big hiring in equities algo trading
Goldman Sachs is building out its algorithmic trading business. As the Financial Times reported last week, the firm has trebled the number of corporate bonds trading on its algorithmic platform to...
View ArticleThis growing U.S. hedge fund has hired from Goldman Sachs and Morgan Stanley...
Balyasny Asset Management, the Chicago-based firm aiming to become the “Amazon of hedge funds”, has continued to build out its London operation and is still poaching from investment banks. The hedge...
View ArticleMeet the former credit trader who quit the City to bring the fight to brain...
Greg Jarzabek had been handed a new job building a credit trading desk from scratch at an investment bank in the City when his mother was diagnosed with terminal pancreatic cancer in 2011. She was...
View ArticleI’m an equity researcher. Someone asked me to work for free
You know when the job you’re doing in financial services is falling out of fashion – people around you start disappearing, you’re paid less, the head of your department stops doing deep throaty laughs...
View ArticleStudent from questionable video interview gets job at Goldman Sachs
Goldman Sachs is doing video interviews. You should know this because we’ve written a lot about Hirevue, the digital interviewing system Goldman uses to sift its junior candidates. But what if, before...
View ArticleI hustled to a banking job at the height of the crisis, but I was always...
Even though Derrick Fung says he gave investment banking his all – not even the financial crisis could prevent him from landing an analyst position – he knew all along that, when the time was right,...
View ArticleMorning Coffee: Jes Staley’s latest novel method of cutting costs at...
Barclays’ CEO Jes Staley is the master when it comes to cost cutting. This is the man who managed to trim headcount at Barclays’ investment bank by 6,000 people in the space of four months simply by...
View ArticleGoldman Sachs re-hires senior quant after four years at a hedge fund
Call it a novel way of making it to managing director, or part of the broader trend of traders quitting hedge funds for investment banks, but Goldman Sachs has just re-hired a top quant who has spent...
View ArticleInvestment banks turn to hedge funds and out of the market traders as FICC...
Fixed income recruitment is back, and juniorisation is over. Investment banks on Wall Street are hiring more effusively for their fixed income currencies and commodities (FICC) divisions than at any...
View ArticleBank-by-bank graduate and internship application deadlines in the U.S.
The clock is ticking: Investment banks have opened applications for full-time graduate programs in the U.S. and – assuming you want to be one of the 2% or 3% of applicants who make the cut – it pays to...
View ArticleThis top tech analyst has just quit banking for a CFO role at social media...
If you work in equity research now, you need to be creative. MiFID II is shrinking job options on the sell-side, and an increasing number of analysts are switching to fund managers – potentially to...
View ArticleThis former Jefferies analyst is offering a back door into investment banking
There’s a clear path into an investment banking graduate job now. Study at a top university, secure a position on a Spring insight week, convert that into a summer analyst program and then merely...
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