Horror as CEO dismisses bankers’ most fervent beliefs. Werewolf hedge fund...
If you work in an investment bank, compensation is probably quite important to you. How about bonuses? Or job titles? Or the notion that you deserve to get paid because you’ve worked extra hard?...
View ArticleThings you must never confess to in an investment banking interview
Given banks’ fussiness about hiring, it’s always been easy to say the wrong thing in a finance interview. Now that banks are places of moral rectitude and cultural reform, it’s easier still. We spoke...
View ArticleLife after the pits: how ‘dinosaur’ traders are reinventing themselves
To survive in the trading pit, all you needed was an ability to think fast under pressure, shout loudly and do rapid mental arithmetic. But in a world where successful traders are under 30, robots are...
View Article“You’re better off working in M&A in an emerging market”
If you’re an analyst working in IBD, you might think you should be based in London or New York City. You’d be wrong. The best place to work in M&A is an emerging market. I work in Mexico and I have...
View ArticleMorning Coffee: Which 35-year-old traders earn over $530k? The glory days are...
If you work in the fixed income currencies and commodities (FICC) division of a large investment bank, you have every right to feel a little hard done by. Revenues continue to tumble and even FICC...
View ArticleInvestment banks struggle to recruit working class students, humanities...
Everyone knows there are tens of thousands of people applying for jobs in investment banks. Some people, however, appear keener to apply to investment banks than others. Academics at the University of...
View ArticleThe rise of the freelance investment banker
Imagine you’re an investment banker who’s fallen on harder times and need a little side-income. There aren’t exactly huge numbers of options available to you – investment banking pays well and finding...
View ArticleThe best paid jobs in investment banking
Which jobs in investment banks pay the most? Much as M&A bankers are expected to do well this year and (some) fixed income traders aren’t, it’s still traders that earn the most according to new...
View ArticleRedundancy whispers in UBS’s London M&A team as recruiters warn lack of...
Is UBS about to quietly part company with some of its mid and senior-ranking M&A bankers? Recruiters in London say a series of layoffs are expected at the Swiss bank in the next few weeks, with the...
View ArticleShould you do a Masters in Finance, a CFA qualification, or both?
Top Masters in Finance qualifications can be a pretty expensive business. MIT Sloan estimates that its 18 month Masters in Finance qualification will set you back around $158k once you’ve paid fees and...
View ArticleDamn it still feels good to be a banker. Here’s who’s hiring redundant traders
Finance professionals globally haven’t had a great press since the financial crisis of 2008, but someone in a position of authority is now very publicly on their side. And that someone is saying...
View ArticleHedge fund ‘talent shows’ take off to tackle image crisis
Can hedge funds ever be hipsters? In the battle for talent, not only are large hedge funds rolling out their own graduate schemes, they’re also creating competitions to uncover graduates who may have...
View ArticleBAML’s head of emerging markets trading has left before bonus time
Bank of America Merrill Lynch’s head of European emerging markets, Babak Eftekhari, has departed. Eftekhari, who joined from Goldman Sachs in 2013, left earlier this month, according to filings on the...
View ArticleThe three psychological mechanisms that prompt elite students to choose finance
Why do you work in finance? You might think you’re master of your own destiny and that you chose the industry as a free agent who could just as easily have become a teacher of physics, but how wrong...
View ArticleCould you answer these ‘difficult’ questions from banks’ numerical tests?
If you want to work for an investment bank, you’ll need to be mathematically agile. It’s not just a question of estimating the number of times a ball gets hit in an average game of tennis during your...
View ArticleHow to conquer the CFA exam level 1
The Level I CFA exam is the first hurdle on the way to charterholder status and arguably the toughest to get through. Only 42% of candidates passed in June 2015 and the six hours of questions is a...
View ArticleHow to write the perfect risk resume
The job market in risk management is heating up as more people try to break into an increasingly important area. Along with getting your risk cover letter up to scratch, your risk resume is your chance...
View ArticleCredit Suisse bonuses to fall 60%. The laziest bankers in the world
It’s not just Deutsche Bank. Ever since John Cryan declared himself mystified as to why receiving a bonus would ever make anyone work harder, it’s been clear that bonuses at the German bank might not...
View ArticleJes Staley, John McFarlane, and the Barclays bonus question
Tomorrow, Jes Staley will officially join Barclays as CEO. The ex-CEO of J.P. Morgan’s investment bank and ex-managing partner of hedge fund BlueMountain Capital Management will be handsomely paid for...
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