Want a job in high frequency trading? Here’s the pay and job prospects at 15...
Despite the recent scrutiny, the world of high frequency trading (HFT) remains something of an enigma. Even big firms fly under the radar and while rumours abound about traders being scooped up from...
View ArticleGoldman Sachs just had a terrible quarter. Here’s why it WON’T cut staff
If you work in fixed income currencies and commodities (FICC) at Goldman Sachs, you might be feeling a little exposed. The firm just reported its third quarter results and revealed a year-on-year...
View ArticleThe new coolest place to work in finance. Make $12m aged 25 without working...
If you want to work in finance and do good and be cool and help the little guy, there is a solution. However, you’ll have to go to San Francisco to find it. Business Insider reports that San...
View ArticleFive new finance firms that could hire you
Joining a start-up is risky, but getting in at the beginning could ensure that you reap the rewards of any success later on. With that in mind, we’ve scoured the Financial Conduct Authority register...
View ArticleBlackstone just reminded you why you want to work in private equity
It’s been an extraordinarily good year for M&A bankers. Worldwide M&A activity is up 39% on 2014 and is approaching an all-time record, according to Thomson Reuters. At Goldman Sachs alone,...
View ArticleCheating in banking tests – it’s par for the course
So, Goldman Sachs is dismissing around 20 analysts in sales and trading in London and New York after discovering that they were cheating on internal tests. No one knows the names of those let go (yet),...
View ArticleMeet Marianne Lake, CFO of J.P. Morgan, the most impressive woman in finance
Low-key Marianne Lake, CFO of J.P. Morgan, has long been a bit of a mystery. Despite being a regular on J.P. Morgan’s conference calls, she’s tended to stay in the shadows behind the more ebullient...
View ArticleA senior banker went on vacation and this bad thing happened. Hidden perks of...
June 2015 was reasonably quiet in the foreign exchange (FX) markets. Global trading volumes were down nearly 7% on the previous year and nearly 4% on May. Yes, the Greek elections were happening, but...
View ArticleThe two most important women at Deutsche Bank
Compliance and regulatory matters may not be the sexiest area of finance, but when it comes to Deutsche Bank’s new management structure, they’re a central and overlooked component. Anyone with a sniff...
View ArticleThe dumbest jobs in finance, and how to escape them
Chirantan Barua, senior analyst for UK Banks at Bernstein Research, called it last year. Banking jobs are becoming more stupid, said Barua. As banks succumb to regulation and automation, ‘worker ants’...
View ArticleA brief history of Credit Suisse’s investment bank, in bubble charts
The big day is fast approaching at Credit Suisse. Tomorrow, at an as yet unspecified time, Tidjane Thiam will make his presentation on the future of Credit Suisse. We don’t know what he’s going to say,...
View ArticleThe most intimidating interview in finance. 22 year-old bankers found to be...
If you’re trying to get a job in banking, you might think J.P. Morgan’s brain teaser interview questions are as hard as it gets. You’d be wrong. Somewhere, several above higher in terms of difficulty,...
View ArticleCredit Suisse to cut 30% of London headcount, what you need to know about its...
If you work in Credit Suisse’s London office, you have every reason to feel nervous. London is primarily investment banking. Credit Suisse will now be focusing on wealth management. London is a...
View ArticleBank of America’s ex-head of FICC trading has joined Capula Investment...
David Sabotka, who retired from his role as head of global fixed income, currencies and commodities at Bank of America Merrill Lynch in November, has now re-emerged at fixed income-focused hedge fund...
View ArticleCredit Suisse taken over by management consultants and equities honchos
There are some definite trends when it comes to high level promotions in investment banks. In the markets businesses, fixed income people are out; equities people are in. Overall, the management...
View ArticleHow traders in investment banking are escaping trading
If you work in trading now, you should be concerned. First came the algorithms wiping out thousands of jobs, and now large investment banks are unveiling programmes to rapidly downsize their fixed...
View ArticleHere’s how Goldman Sachs keeps its 27-year-old women happy
Goldman Sachs, like all banks, has a problem with women in the senior ranks. The last time the firm promoted people to managing director, in 2013, only 20% of its promotions were women. The previous...
View ArticleCredit Suisse’s strategy is good news for its 2,800 employees at Madison Avenue
Credit Suisse Securities employs around 2,800 people in New York City according to the Financial Industry Regulatory Authority (FINRA). While the bank’s London headcount is being trimmed by 30%, most...
View ArticleThe most satisfying job in finance. Why Goldman hired an underwear executive
Surprise! Much as it may sometimes seem that a career in investment banking is about as much fun as an all-cabbage diet, that isn’t the case. Most people like their careers in the industry: they have...
View ArticleWhere Credit Suisse will be hiring and firing, three charts
Yesterday was Credit Suisse’s big strategy day. We have everything you could ever want to know about Tidjane Thiam’s vision for the future here. But if you want the attenuated version, you can simply...
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