Morning Coffee: Citi suggests everything’s going to be alright. When you’re a...
Hey, it’s OK. The bottom is not falling out of the banking business as U.S. elections approach. Intimations that revenues might suffer in the second half of the year aren’t coming to pass. Things are...
View ArticleThe 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 ArticleGoldman Sachs summer analysts left hanging after internship
Internships in investment banks finished a few weeks ago. Students who spent their summers at investment banks have, for the most part, received offers – or not – and are now preparing to go back to...
View Article2016 pay for analysts, associates, VPs in IBD in London, by bank
The average UK financial services bonus last year was £13.4k. Sounds good? Not if you’re a 25 year-old working in M&A or capital markets for a major bank in London. In this case, you’ll already be...
View ArticleInvestment banks on Wall Street are starting to hire restructuring professionals
When the economy starts to wane, investment banks’ restructuring teams are called in. Right now, restructuring is a growing area in the U.S. – and many investment banks are starting to hire. Mike...
View ArticleMorning Coffee: The world’s biggest hedge fund is shrinking. How to make the...
In an extremely rare occurrence, the largest hedge fund in the world – with more than $150bn under management – sent a letter to investors letting them know that it will be laying off a lot of people....
View ArticleNomura is hiring in the U.S. again – but senior bankers are still leaving
More senior leveraged finance professionals have left Nomura as it continues to shake-up its Wall Street operations. Christina Park, a managing director in acquisition leveraged finance who only joined...
View ArticleWill fines finish Deutsche’s investment bank?
Sitting in his office in Frankfurt’s Kaiserhofstraße, Stefan Mueller, a former proprietary trader from Dresdner and Sal Oppenheim who now runs German brokerage DWGA has long been cognizant of the...
View ArticleMorning Coffee: The contrasting family lives of males and female finance...
Tautological as it may be, it’s worth reiterating that the men and women who work in finance are not the same. The women are paid less. They’re less likely to make managing director. They’re more...
View ArticleFive new boutique finance firms launching in London even after Brexit
As the sense of gloom gathers around the implications of Brexit, new financial services firms are launching in London anyway. Below is our pick of the firms to get approval by the Financial Conduct...
View ArticleWhy a Masters in Finance will help you land a banking job
Olivier Bossard knows a bit about life in the securities industry. Like many exemplary young French financiers, he started his career on SocGen’s Parisian trading floor before moving to London. In the...
View ArticleDeutsche Bank’s little guide to the best banking jobs now
While all eyes were on the horrible implications of Deutsche Bank’s $14bn fine for its strategy/survival, Deutsche’s banking analysts slipped out a short report on the state of European banking on...
View ArticleBrevan Howard has just hired Nomura’s most senior economist in Europe
The desirability of Nomura’s now disbanded research team continues. This time, one of its most senior economists has just been hired by Brevan Howard. Nick Matthews was head of European economic...
View ArticleInside Goldman Sachs as it chooses a new round of partners
There’s not long to go. In around eight weeks’ time, Goldman Sachs will announce the latest names in its biannual promotions to the Goldman Sachs partnership pool. It’s a select affair. In 2014, just...
View ArticleMorning Coffee: Here’s who’s leaving investment banks now. Deutsche’s dubious...
Senior fixed income salespeople can step aside: a new breed of esteemed banker is taking their place as the victims of sudden retirement – M&A bankers. Yesterday, three senior UK M&A bankers at...
View ArticleA detailed guide to rising private equity pay in London
Private equity firms in the UK have increased pay for junior employees by around 20% over the past 12 months in an attempt to put some clear water between their compensation and that of investment...
View ArticleToday’s young Indians want to do more than boring pitch book work for banks
Things are evolving in the world of off-shored investment banking. Once upon a time, rooms of 20-something Indians worked on trade settlements, then came pitch-book assembly. Now it’s all about risk...
View ArticleForget Goldman Sachs: Pimco is the big payer in London
If you’re looking for really (really) high pay in London, Goldman Sachs is not the place to get it. Goldman Sachs International pays well, but it does not pay superlatively. For superlative pay at an...
View ArticleTop 30 MBA programs for getting a consulting job
It is no secret that management consulting firms are extremely selective in their recruitment processes. They also like well-rounded candidates, so it helps if you’ve participated in interesting...
View ArticleMorning Coffee: Bankers don’t lie, they have ‘unethical amnesia’. Storm...
Wells Fargo CEO John Stumpf’s ‘few bad apples’ excuse for the bank’s fake accounts scandal hasn’t really held water. 5,300 employees may be a small proportion of its total headcount – but it’s still a...
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