As FX traders face the chop, FX techies are the new hot property
In the FX sector, man is losing out to machine. However, while expensive traders are being displaced by algorithms as the market becomes more electronified, banks are fighting over skilled...
View ArticleClik here to view.
Deutsche Bank employees have the most to lose from new Fed rules
Deutsche Bank and Barclays have been lobbying against tougher new capital requirements for foreign banks in the U.S. for the last four years, but the Federal Reserve has decided to press ahead anyway....
View ArticleAsset managers eyeing headcount growth in 2014
When it comes to hiring, asset management may be the hottest sector in all of financial services in 2014. The only problem is that firms aren’t necessarily looking to add headcount in...
View ArticleVIDEO: How bankers are taking advantage of the foodie revolution
People enter finance for various reasons; prestige, earning power, parental pressure, but passion is rarely associated with a career in the sector. However, it’s essential to get ahead in the food...
View ArticleSeven tips for staying sane in a job that drives you crazy
Banker burnout is an all-too-real phenomenon. Sure, employees in other industries face intense pressures, but likely not the same physical, mental and emotional burden as bankers, particularly at such...
View ArticleMorning Coffee: Deutsche scopes emergency replacement for Anshu Jain....
More bad news for Deutsche’s fixed income currencies and commodities (FICC) professionals. Following their recent loss of market share and their ongoing US regulatory tribulations, it seems the bank is...
View ArticleThe ‘beer test’ and other harsh realities of switching from investment...
For every available private equity job, there are 200-300 keen, young investment bankers vying to get in. Making the switch can be the graveyard for egos, the first time high-achieving individuals get...
View ArticleClik here to view.
Old-school fixed income professionals thumb noses at all who predicted their...
If you listen to the great and the good (and occasionally, to this website), you may have thought fixed income sales and trading was a bad place to be. For the past few years, everyone who is anyone...
View ArticleWhat slump? Hedge fund investors happy, ready for more
Oh to work in the hedge fund industry. Despite getting thrashed by the S&P last year, hedge funds are expected to see a surge of fresh assets this year from happy investors with relatively modest...
View ArticleListen: don’t use an MBA as a springboard for a sales and trading role
Firstly – a confession, I’m an MBA who attended a top business school with the intention of going into sales and trading. Secondly, I’m not here to bang on about my ‘ruinous investment’ in the same way...
View ArticleHow to spot psychopaths, narcissists and Machiavellians, based upon behavior...
Do you suspect colleagues of being psychopaths? How about Machiavellian schemers? Or self-regarding narcissists? Suspect no more. A group of academics at the University of Texas El Paso has come up...
View ArticleThis tiny investment bank is competing with the likes of Goldman Sachs,...
For a small investment bank that likes to fly under the radar, Allen & Co is certainly getting involved with some big ticket deals. It’s just moved back into the top ten global rankings for M&A...
View ArticleFour easy technological tricks to make your resume stand out
While the content of your resume is always the most critical, there are a few small tricks you can use to better differentiate yourself and avoid confusion. These tips, courtesy of the Addison Group’s...
View ArticleWhy would BNP Paribas be laying off U.S. investment bankers right now?
BNP Paribas is laying off investment bankers at its seventh avenue office in New York. So says Dealbreaker, which claims the French bank booked out the entire 9th floor to inform unfortunate employees...
View ArticleWant a bigger bonus? You’d better be a team player, especially in Asia
“Teamworking”: you write it on your resume to please recruiters and then cite dubious examples of it during job interviews, but you never really think about it when you’re actually in the office –...
View ArticleMorning Coffee: The GOOD news for RBS’s London investment bankers. Cruelest...
RBS has already distilled its investment bank down more than any of its rivals. Between 2008 and 2013, around 40,000 jobs were cut across the operation. However, it seems that was not enough: under a...
View ArticleCareer Insights: In trading, raw talent is nothing without tenacity, says...
Howard Man is head of cash equities trading, Asia ex-Japan, Bank of America Merrill Lynch Howard has an SB and MBA from the Massachusetts Institute of Technology in the US. He started his career at...
View ArticleU.S. hedge funds harassing hot young bankers, making multiple job offers
Who are the most sought-after people in all of financial services now? Try London-based analysts and associates with debt restructuring and leveraged finance experience. Headhunters are all over them....
View ArticleAn Honest Defense of Investment Banking
There are two competing narratives for junior bankers on Wall Street. From an outsider’s perspective, there’s the overpaid, immoral and hedonistic stigma that grew in prominence following the financial...
View ArticleSix essential rules to follow when demonstrating a sense of humour in finance
Never let it be said that you have to be dull to be an investment banker. Despite endless hours spent in front of spreadsheets and, until recently, a lack of opportunities to kick back at the weekend,...
View Article