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Seven reasons why compliance candidates want new jobs
If you work in compliance in Hong Kong or Singapore you remain in high demand, unless you have a particularly bad recent track record of job hopping. Banks in Asia continue to hire apace in your...
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Morning Coffee: How much Barclays traders earned aged 25, 26 and 36. Morgan...
The Barclays LIBOR trial is proving instructive in terms of traders’ pay. For anyone wondering how much Barclays’ formerly paid its LIBOR traders in London and New York, the answer is simple: a lot. We...
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The seven key stresses of working as a senior investment banker now
There’s a crush to make it to managing director in investment banking, but beware – it comes with a lot of pressure. Making it to the top in investment banking is not what it once was. Whereas...
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Here’s what Goldman, J.P. Morgan, BAML and Morgan Stanley pay in the U.S.
If you’re in banking or trying to position yourself for a job at a bank, you want to know what the heavy hitters of the industry pay in the U.S. Goldman Sachs, J.P. Morgan, Bank of America Merrill...
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How far can you stretch the truth on your resume for an investment banking job?
The short answer to the question in the headline is not very far – investment banks and recruiters serious about hiring a candidate will always do a thorough background check that will expose any...
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Morning Coffee: Junior bankers bemoan extremely boring jobs. Barclays denies...
Everyone knows you work hard as a junior banker, but what do you actually do? In theory, you’re out there on the bleeding edge of capitalism, helping shape the global economy. In reality, it seems...
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Pay at high frequency trading firm Maven Securities isn’t as high as you’d think
In theory, working for a high frequency trading firm is a) fun and b) extraordinarily lucrative. High frequency traders allegedly work shorter weeks than traders in investment banks and get paid more...
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The best paying cities for investment banking analysts and directors
Investment bankers base themselves in certain locations for a variety of reasons – career progression, status, exit options. But if money is your main motivator, then the place to be for both senior...
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Citi associate escapes IBD for interesting alternative
If you’re a junior banker who recently banked your bonus, chances are you’re looking around for something else to do instead. The obvious option is private equity – private equity funds have been...
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Will Roos raid Deutsche again when he runs Citi’s equities business?
We’ve been predicting for a while that Murray Roos would take over Citi’s equities business. Now it seems we could be vindicated. Derek Bandeen, Citi’s mild-mannered, moderately ambitious ex-Morgan...
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Morning Coffee: J.P. Morgan’s device for cutting costs in an investment bank....
Redundancies are baaaack. As we predicted in March, Nomura is making more layoffs. The Wall Street Journal reports that the Japanese bank will be informing people in both London and on Wall Street that...
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Dinging the directors: Why you don’t want to be an aspiring MD in investment...
Now is not a good time to be a director or executive director at a large investment bank. Banks have already stripped out the ranks of underperforming MDs and now they’re turning their attention to the...
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PwC only hires 2% of experienced applicants for U.S. roles – here’s how they...
To get into professional services giant PwC in the U.S., even if you have experience in the sector, you must be in a select group of people. Specifically, you need to be in the top 2%. Therefore it is...
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The 5 worst things about Nomura’s equities bloodbath
Don’t say we didn’t tell you. We suggested that things were afoot in Nomura’s equities business around six weeks ago. “Equities is going to get decimated,” said one insightful headhunter. – And it has...
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BAML pays 60% more than Goldman Sachs in London
Accounts have just been released for Merrill Lynch International – the London-based arm of Bank of America Merrill Lynch. They suggest that it pays very well indeed. In the year ending December 31st...
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“I left my Goldman Sachs trading job because I was a bit bored”
Adam French started out trading derivatives at Goldman Sachs in the summer of 2007. During the course of his first year, in the run up to Lehman Brothers’ collapse and the subsequent crisis, he was at...
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Morning Coffee: Man left impoverished after losing job in the City. Safest...
For how many years do you need to work in banking if you want to be financially secure? In the case of Paul White, a former LIBOR submitter at RBS, the answer is ‘more than 27.’ White was yesterday...
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The 10 top London bankers you’ve never heard of
These are dangerous times to be working for an investment bank in London. But some people are immune to the perils of being an expensive senior banker in a problematic market. We asked eight senior...
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John Ream, head of credit sales, just left Citi. And, Nomura’s hiring in IBD
John Ream, a managing director and head of investment grade credit sales at Citi in London, has left the bank after 12 years. Headhunters said Ream quit the bank this month. Colleagues confirmed his...
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Top cover letter clichés for financial services professionals to avoid
You may know that recruiters and HR have short attention spans and will probably only skim your cover letter, but you may not have adapted your approach in response. You should. At many firms, cover...
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