Morning Coffee: Overworked 30 year-old UBS trader makes fatal Brexit error....
If you work as a trader in an investment bank, let Kweku Adoboli be a guide to all that you don’t want to do. So, you don’t want to spend everything you earn, you don’t want to become addicted to...
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Goldman Sachs managing director joins boutique London hedge fund
A senior economist who was in charge of emerging markets research at Goldman Sachs has left to join a boutique hedge fund in London. Ahmet Akarli, a managing director and senior Economist at Goldman...
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Is UBS quietly letting go of people in M&A?
In theory, UBS has finished making redundancies. In reality, recruiters in London say UBS is quietly letting people go from its M&A business. Three senior recruiters at separate firms say UBS cut...
View ArticleThe top universities for the 2016 analyst class at Goldman Sachs, J.P. Morgan...
Talk to graduate recruiters at investment banks and you’ll soon see they don’t want to take a ‘cookie-cutter’ approach to hiring. The ideal candidate – the theory goes – is a well-rounded individual...
View ArticleNine ways to ruin your chances with recruiters over email and phone
Before you meet a hiring manager, the chances are you will be contacting a recruiter. And before you meet a recruiter you’ll have an email exchange and telephone conversion. Don’t fall at the first...
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“Don’t tell me you’re being discriminated against by Goldman Sachs”
If you believe everything you read, you might think that investment banks are about as pale, male and stale as you can get. That they’re the embodiment of the misogynistic old boys’ network and that...
View ArticleThe IBD revenue split by region and bank in 2016: a chart
Where in the world do leading investment banks earn their money in IBD (M&A, equity capital markets and debt capital markets)? Try….North America. New figures from Dealogic show that every single...
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Why banks just can’t get enough data scientists
The world of finance has a new in-demand weapon: data scientists. No longer are front-office banking, brokerage and wealth management professionals the sole driving forces of financial services firms’...
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Morning Coffee: Barclays’ VPs might be feeling frustrated. Lavish life of 50...
So much for ‘juniorization.’ At Barclays’ European M&A business, the opposite seems to be happening. In an interview with Financial News, Barclays’ senior investment bankers in EMEA, explained that...
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UBS equity analyst returns to Exane to claim ex-boss’s job
It sounds like the ideal career ‘arc.’ You’re happily working as the number two at a cosy French bank when a more ebullient and high-pressure Swiss bank invites you to come along and be the number one....
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Ex-J.P. Morgan prop trading head still luring London hedge fund managers to...
In theory, the trend of hedge fund managers leaving London for sleepy towns like Zug in Switzerland, or even Zurich or Geneva, is over. Wives have rebelled against the lack of excitement and the lure...
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Why finance professionals should take a vacation, and not feel guilty
The pace of work in the financial sector can be all-consuming, making out-of-office breaks essential if you want to avoid burnout. But, if you’re like many people who have earned vacation time, you may...
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Investment banker fashion fails in the extreme heat
It’s been hot. It’s been very hot. It’s been so hot that people who work in investment banks are turning to their ‘summer wardrobes’. And those wardrobes can leave something to be desired. We asked a...
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It’s getting much harder to bring in $1m a year in asset management sales
Sales staff in asset management can no longer expect to eat what they kill. The rise of index products and exchange-traded funds within the sector has made it much harder for buy-side firms to justify...
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The 6 top mainland European universities for finance jobs
If you’re looking for a banking job in Europe now, there are two very good reasons why you might want to eschew the UK’s top educational establishments and study in mainland Europe instead. The first...
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Actually, American bankers are still keen to move to Europe
While in general U.S.-based financial services professionals are less concerned about the fallout from Brexit than their European peers, many appear poised to capitalize on whatever knock-on effects...
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Morning Coffee: 400+ hours of study to pass the CFA? The obscure hedge fund...
The CFA results are out. It is, of course, a tough nut to crack, even if you’ve undertaken the recommended 300 hours of study. Perhaps it’s necessary to do something extra special. Yesterday was the...
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How the hottest bankers get ahead in the summer
You’re a banker (.ie, you work in ‘banking’). Not just any banker – you’re the sort who makes it rain, causes a frisson of excitement among colleagues and clients when you walk into a room, who’s...
View ArticleDeutsche Bank’s excuses for its massive decline in profits
Deutsche Bank is cutting pay for its salespeople and traders. It needs to. In the second quarter of 2016, compensation per head in its global markets business fell by 38% compared to a year earlier....
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This is how much you’ll earn as a trader in an investment bank on Wall Street
Sell-side traders’ salaries have been coming down over the past four or five years, and there are fewer trading roles within the U.S. bulge-bracket banks. In addition to pressure to cut costs, many...
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