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10 charts explaining how the ECB is killing European fixed income trading jobs
If you’re a bond trader in a European investment bank, the European Central Bank (ECB) is not your friend. Far from it: if you’re a bond trader in a European investment bank, the ECB has just made a...
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Morgan Stanley has parted company with more senior quants
In Morgan Stanley’s fixed income team now, there’s little in the way of sentiment or loyalty from either side. The bank is making deep cuts – often to long-serving employees – and now senior traders...
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Deutsche Bank is about to hike associate salaries by 15%
Fresh from raising some London VP salaries by up to 40% to around £140k ($202k), headhunters in London say Deutsche is now preparing to increase salaries for its associate-level staff too. The German...
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Goldman Sachs layoffs said to be hitting most senior fixed income sales staff
This appears to be the week that those fixed income redundancies flagged by Goldman Sachs in January are happening in London. Goldman didn’t respond to a request to comment, but various headhunters in...
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These are the people being promoted at big banks now
With most banks implementing lay offs in the first quarter, it’s easy to assume that most careers are in stasis currently. However, while heads are indeed rolling, banks are still promoting people...
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How I became a tech entrepreneur without giving up my banking job
There’s a standard route into entrepreneurialism among finance professionals. Agonise over the decision to leave a high-paying job for a jump into the unknown. Eventually take the decision and use...
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Deutsche Bank’s biggest U.S office outside of Wall Street is hiring 350 people
Front office banking jobs in the U.S are no longer confined to Wall Street. More client-facing jobs are expected to move away from New York in 2016, so finance professionals need to re-assess where...
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UBS is now paying people $1m IN CASH
UBS is not only hiring in IBD and equities and fixed income sales and trading, it is also paying some people some big money in purest cash. So says today’s UBS remuneration report for 2015. In 2015,...
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Here’s who really works for Goldman Sachs in London
Goldman Sachs has produced a report for Goldman Sachs International, its London-based business, in 2015. As well as confirming that pay per head at the London office is still higher than pay at Goldman...
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When clients are crazy: the nightmare of the client-facing job
You might think you want to be a ‘front office revenue producer’ in an investment bank. You’ll certainly get paid more if you are. But do you really want the associated hassle? A new report from Hilary...
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What it takes to become a portfolio manager in U.S. asset management
You want to make it as a portfolio manager at an asset management firm in the U.S. What do you need to study? Which qualifications will set you apart from the competition? It stands to reason that most...
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Morning Coffee: The worst thing that can happen when you exit banking aged...
We’ve warned before about the inadvisability of leaving a banking career before it’s bedded down – which today can take anything from 20 to 25 years. James Adams, a former bond analyst, appears to be...
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Are Credit Suisse’s traders in trouble or not?
In theory, Credit Suisse is a good place to work if you’re a fixed income trader. Yes, the bank is “reshaping” its fixed income business after a dismal 2015, and yes headhunters say Credit Suisse’s...
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Credit Suisse hires technology cost cutter as banks prioritize senior IT hires
While financial services firms are cutting traders, there’s a simmering demand for senior technologists who can help re-shape their capital market functions. Take Credit Suisse. The Swiss bank has just...
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Partners of a certain vintage are leaving Goldman Sachs, and people aren’t happy
Are you a partner managing director (PMD) at Goldman Sachs? Are you in with Lloyd Blankfein? No? You might want to watch your back. Goldman insiders suggest the firm is in the throes of a battle for...
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What are your weaknesses? How investment bankers should answer this interview...
Investment banking job interviews involve plenty of technical and competency based questions, but you’ll inevitably face the generic HR-style stumbling blocks, which are still surprisingly important....
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Do you have to disclose that you’ve lost your banking job?
You’ve lost your job in banking. Do you have to make this clear when you’re looking for a new one? Banking recruiters in London say plenty of people aren’t. “We’re getting a lot of junior candidates...
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The perfect CV for a job in project management or change management
If you’re a project or change management professional in banking, you have the rare privilege of finding your services in demand. While banks cut back in the front office, project and change management...
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Morning Coffee: Lose a top banking job at 40, this is what happens to your...
Remember Erin Callan? The trim, blonde, ex-CFO of Lehman Brothers who – together with Zoe Cruz at Morgan Stanley, was once one of the most powerful women on Wall Street? In 2007, aged 41, Erin Callan...
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Believe me, you do not want to quit your banking job for a tech unicorn
In the middle of 2015 I was hired by a unicorn, (no really, stick with me here, a unicorn is a start-up company worth over $1bn on paper) to grow the UK part of their business. A few months later I was...
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