How you are sabotaging your banking career
It makes no sense. You’re technically excellent, continue to bring in the numbers and yet your career is at a standstill. Management roles, or even a necessary bump up to get a bigger salary, continue...
View ArticleBank of America’s new Paris office is far nicer than Goldman Sachs’ new...
As U.S. investment banks prepare for a hard or “bad-tempered” Brexit, they’re putting their money where their mouths are and taking out leases on new offices in European cities. Accordingly, Goldman...
View ArticleBrevan Howard PM re-emerges at expanding London hedge fund
A former Brevan Howard portfolio manager, who left in June last year, has re-emerged at credit-focused hedge fund that’s quietly been hiring from investment banks. Shawn Cooper, who spent at year at...
View ArticleWhy this ex-Lehman, Bear Stearns MD escaped big bank bureaucracy for a...
Louis Nees has pretty much seen it all during his time working on Wall Street, having jumped from one legendary-yet-doomed investment bank to another before reinventing himself and ultimately ending up...
View ArticleHere’s how much you get paid at Blackstone (a lot)
If you work for Blackstone this year, you’re going to get paid a lot. Not just a small lot like Goldman Sachs, but a big lot – a huge lot – a lot that’s a lot more than last year. Blackstone just...
View ArticleMorning Coffee: Goldman partner’s guide to turning yourself into a...
For years, Goldman Sachs recruited top coders to help its traders execute strategies with software, a role that’s becoming ever more important, but the technology gurus seen as the future kept quitting...
View ArticleThis hot new UK hedge fund paid its employees a mere £97k last year
Joining a start-up hedge fund is risky. Many fail, others take years to turn a profit, while some star fund managers – Chris Rokos, Edward Eisler or Edouard de Lanlade – have been hitting it out of the...
View ArticleBehind Goldman Sachs’ attempts to keep its employees happy
Like it or not, Goldman Sachs has a reputation for being a hard taskmaster. In a recent post on the forum website Wall Street Oasis, one participant described the culture there as, a “little bit...
View ArticleTwo Sigma has taken on KCG quant head as Virtu fallout continues
Maybe it was the chance to jam in its in-house recording studio, play air hockey or a plethora of other board games, but Two Sigma has just picked up a major new hire from the fallout at KCG Holdings....
View ArticleJunior male bankers complain of harassment by women in HR
Maybe it was inevitable. No sooner had a junior female intern at a bank in London complained of inappropriate advances from her (male) boss during her internship last summer, than male bankers have...
View ArticleFormer Credit Suisse rainmaker leaves senior job at boutique investment bank
The former head of UK investment banking at Credit Suisse, who joined boutique investment bank Gleacher Shacklock as a partner and senior adviser in 2008, has just departed. Piers de Montfort is a...
View ArticleA big new reason for bankers to move to Paris after Brexit
Imagine, for a moment, a world in which you can – if you wish – take a break from your banking career every half decade and get paid a huge amount by the state to pursue your dream of setting up a...
View ArticleI’ve interviewed aspiring bankers with hygiene issues
I’ve worked in finance a long time and I’ve seen a lot of bad interviewees. In fact, I’d say 40% all the people I’ve ever interviewed have fallen into this camp, but some have been a lot worse than...
View ArticleWells Fargo has just poached a new FIG head from Barclays in New York
Barclays might be hiring more traders and investment bankers in New York, but one of its most senior financial institutions M&A bankers has just moved across to U.S. rival Wells Fargo. David...
View ArticleMorning Coffee: The new top landing spot for failed quant traders. How to...
The technologies revolutionizing Wall Street have left traders and Washington regulators alike playing a perpetual game of catch up. In the current age of algorithmic trading, even those who can’t...
View ArticleBAML’s chairman of FIG investment banking has departed
Bank of America Merrill Lynch’s chairman of European financial institutions investment banking has stepped down after more than 17 years at the bank. Henrietta Baldock, chair of BAML’s FIG investment...
View Article14 ways investment banking analysts screw up in their first weeks on the job
By the time most investment banking analysts land for their first full-time job, most think they already know the score. It takes numerous internships to get through the door in the vast majority of...
View ArticleNew boutique started by Goldman Sachs partner has been busy hiring junior and...
Ardea Partners, the new boutique bank launched in July last year by Goldman Sachs’ co-chairman of investment banking, Chris Cole, has been hiring from his former employer and other investment banks as...
View ArticleHere’s what Moelis, Perella Weinberg, Evercore and Houlihan Lokey pay in the...
Big investment banks have been cutting cutting pay, so it’s worth keeping tabs on what boutique investment banks are offering in terms of salaries and bonuses. The trend of elite boutique investment...
View ArticleMorning Coffee: Meet the man who would be the next James Gorman. The #MeToo...
During the analyst call for the Goldman Sachs’ Q3 results, people couldn’t stop asking about its hiring plans. Is it because of MiFID II? Are you just hiring sales people? How are you going to hire all...
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