Anshu Jain to live off wife’s moderate income from freelance writing?
Anshu Jain’s finances have taken a nasty turn for the worse. He’s leaving Deutsche at the end of this month and will be paid nothing more for his efforts as a full-time employee. Nor did he pick up the...
View ArticleWhy nobody wants to work as a banking accountant in Singapore
If you know anything about accounting jobs at banks, you’ll know that most of them go to so-called ‘product controllers’ – the people who keep track of the profit and loss made on banks’ trading desks....
View ArticleMorning Coffee: How top bankers ease themselves into new jobs. Finance...
How does the top banking talent of a generation prepare for a new ‘stretch job’? Not by turning up to work on day one and winging it. No. Noooo. If you’re serious about your finance career you’ll start...
View ArticleHow to convert your IBD internship at Deutsche Bank into a job offer
If you’re heading into Deutsche Bank’s front office for an internship this summer, you should have the eventual goal of converting it into a full-time offer. Internships are the main recruitment...
View ArticleIntroducing the Most Frugal Trader of All-Time; A Bloodbath at HSBC
If you close your eyes and think of a stereotypical, high-earning trader, he or she will likely look nothing like Singh Sarao, the man accused of helping cause the “flash crash” of 2010, when more than...
View ArticleStandard Chartered went on an FX hiring spree before Bill Winters arrived
Today is Bill Winters’ first day at Standard Chartered. The UK’s Financial Conduct Authority Register reveals that Winters’ work officially begins on June 10th, although the Financial Times suggests...
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One chart from Barclays explaining where you need to work in finance
If you’re nervously inclined, you might be worried about the coming liquidity crunch in the bond markets. Bloomberg points out that the size of the US corporate bond market has ballooned by $3.7...
View Article“The CFA is just a hazing ritual for young finance professionals”
Lewis Krell is a former investment analyst turned tech employee and journalist. When his former employer asked him to take CFA Level I, he obliged – to begin with. And then he dropped out and gave up....
View ArticleWhy you shouldn’t bother putting CFA Levels I or II on your resume in Asia
It’s more popular than even to sit the CFA exams in Singapore, Hong Kong and China, but if you’re looking for a finance job in those markets, passing one or two of the qualification’s three levels...
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Where to earn bigger money in the Big Four
Compared to investment banking, salaries in accounting are low. While front office investment bankers in their 30s are earning over £200k ($310k) on average, front office accountants of a similar age...
View ArticleAnd the ‘best boss in banking’ award goes to…
What makes a great CEO, in banking and in other industries? Leadership, honesty, compassion? Nope, it’s performance – specifically that of a company’s stock price, the results of a new survey suggest....
View ArticleHow soon before you become an MD in investment banking?
How long does it really take before you become a managing director (MD) in investment banking? And does your level of education make much difference to the speed of your promotion? In theory, it should...
View ArticleLloyd Blankfein says students have the wrong idea about getting into Goldman...
If you thought getting into Goldman Sachs was all about excellent grades and excessive numbers of internships, you were wrong. When Goldman’s filtering through its 267,000 annual applications and...
View ArticleSenior banker warns against the perils of working overseas
So you think you want to travel the world in your banking job? One ex-managing director who’s done the global rounds has one word for you: don’t. Speaking off the record, he said his time overseas...
View Article11 steps for achieving remarkable results when emailing recruiters
If you want to move jobs in the near future, it makes sense to start reaching out to recruiters in your field right now, even if they are not currently advertising any relevant roles. You want to be on...
View ArticleMorning Coffee: Is it safe to work for RBS? Reassurances and absences at...
Can everyone please return RBS’s calls? The government owned British bank may soon be private again. George Osborne used his Mansion House speech to posit RBS’s return to private ownership. However, he...
View ArticleRBS has been quietly hiring all sorts of senior fixed income professionals
For a bank with an uncertain future, RBS has been doing a lot of hiring. In the past two months alone, the Financial Conduct Authority (FCA) Register suggests it’s recruited six new fixed income...
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The real reason women don’t do financial services
Where are all the senior women in banking? At Goldman Sachs and Morgan Stanley, it’s typical for fewer than 20% of managing director (MD) promotions to involve women. At Nomura, women only account for...
View ArticleMy finance friends have been having issues with their mojos
When you think of ‘mojo’, you might think of the urban dictionary meaning of ‘sex appeal or talent’. The Oxford dictionary definition is actually ‘a charm or magic talisman’, but in the world of...
View Article15 ways you’ll screw up your banking internship
Ask any bank how many of their summer analysts they ‘convert’ into full time hires and they’ll almost always say, “as many as possible.” Even so, anything from 30% to 50% of a summer analyst class...
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