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Will Goldman Sachs employ Louis Bacon’s other children too?
Louis Bacon, 59 year-old founder of hedge fund Moore Capital Management ($15bn under management, net worth $17bn), is pretty fecund. Vanity Fair reported last year that Bacon has fathered seven...
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It looks like two more ex-bank traders just left Brevan Howard
When traders leave investment banks for hedge funds, it doesn’t always work out. For whatever reason, the tenure of the ex-bank traders can be short. Historically, some hedge funds have had a...
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Morning Coffee: Deutsche Bank’s secret plan for cutting staff. The most...
You have to give credit to John Cryan. All this time he’s been wandering about, carrying a battered briefcase and seeming dour for a reason. Cryan, whose nickname at Deutsche is reportedly “Mr Grumpy”...
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I left Greenhill, my brother left Goldman Sachs, and we started a baby app
A year after leaving his investment banking job to build an app, Nick von Christierson was ready for his first big pitch. Dressed in a sharp suit and armed with a Powerpoint presentation crimped from...
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The best paying jobs in risk management, by bank and title
Risk management jobs are hot. When Deutsche Bank announced its results for 2015 yesterday, it revealed the addition of nearly 2,700 people in non-front office jobs last year. Risk managers and...
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Do this and clients will love you. One bank’s curious way of increasing revenues
If you work in a sales job in an investment bank, there’s something you need to know: clients will like you a lot more if you seem vulnerable. This was something that ex-Goldman wealth manager Anthony...
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Why you feel special when you work in finance
Do you work in the financial services industry? Do feel a bit unique? There’s a reason for that. Lars Meier, a researcher at the Institute for Employment Research in Nuremberg, Germany, just published...
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Here’s what happened in my J.P. Morgan trading interview(s)
A few months ago, I interviewed for a summer analyst position on J.P. Morgan’s trading floor in London. The interview process was pretty rigorous and detailed and I want to share it here for the...
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The 10 worst-paying finance jobs in London
If you want to live and work in the City of London, the bar is set high. With London house prices increasing at double the national rate to an average of £514k, the Financial Times reports that young...
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Time to quit Wall Street for a job in the Caribbean? South America?
It’s winter on Wall Street. Your bonus is down, layoffs loom, and the weather is fierce. If there were ever a time to move to a more exotic location, this might be it. Want a job in the Caribbean or...
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Morning Coffee: The only reason to want to work for Google. Barclays’ extreme...
So you want to work for Google (Aka Alphabet) because you want three free Gourmet meals a day, to play with a Scalextric at work, or to have free access to a room filled with musical instruments? So...
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The 7 skills at the top of banks’ shopping lists in 2016
If you want a new banking job in London this year, you’ll need to be niche. As UBS reiterated many times during today’s investor call, the environment is “tough” and the bank is “focused on costs,” and...
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UBS’s results include these 5 unpleasant truths
UBS released its fourth quarter results this morning. If you work in its investment bank they were, ostensibly, ok. UBS’s investment bank generated a return on attributed equity of 25.9% last year –...
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How to break into investment banking when you didn’t go to private school
Breaking into a front office investment banking job is tough enough, but imagine that you went to state school. If this sounds like a line from Jeeves and Wooster, you’d be surprised. The truth is, for...
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How to decide whether to stay or quit after getting a skimpy bonus
Many financial services professionals got their bonus for 2015 last week, or they are set to receive it soon. Whenever you do receive your bonus, you are going to be disappointed, unless you are the...
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25 year-old analyst leaves Goldman for ‘rapidly growing’ peer-to-peer lending...
Peer-to-peer lending is a thing, and Goldman Sachs is trying to get in on it. In November, Bloomberg reported that Goldman was hiring people from peer-to-peer lending firms for “Mosaic”, its new online...
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This is how much you should earn as an investment banker in your 20s, 30s and...
There is a new trend afoot in investment banking. Senior banking recruiters complain that the juniors they hire today are only joining for the ‘CV points’: that they do a couple of years a big name...
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Morning Coffee: The most frightening job in finance. Morgan Stanley’s weird...
Want an adrenaline squirt from your job in banking? You could work as a high yield trader focused on the oil and gas market. Or, you could work in compliance. The Wall Street Journal says compliance...
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Credit Suisse’s 36% bonus cut, and 7 other things you must know about its...
Credit Suisses’s results are a mixture of very bad news and sort of good news: the situation looks fairly dire, but there are several upsides. 1. Bonuses in global markets have been cut by 36% Credit...
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How to get a job in finance with a second-tier MBA
If you want an MBA education, be prepared to pay big money. The top 15 business schools in the US charge tuition of $130,000 or higher for a two-year degree. Below that tier, however, there are some...
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