The key questions that could make or break your career in Asian corporate...
Asian corporate banking is an expanding sector in financial services right now and banks face a shortage of relationship managers who can help them win new clients. As banks try to build their RM ranks...
View ArticleMorning Coffee: Outrage of the uber-competitive ex-Goldman trader. Banks’...
35 year-old Deeb Salem is competitive. In fact, he’s more than competitive – he’s “as competitive as Michael Jordan.” Because of this. Salem doesn’t just want to win, he wants to, “steamroll the...
View ArticleProof that the best jobs in banking go to old friends?
Never burn your bridges: they may prove a helpful conduit into a new role in future. Headhunters point out that some of the recent hires in London’s equities market seem to have involved working...
View ArticleJefferies hires senior bankers who have been out of the market for two years
Jefferies has hired two former managing directors from Royal Bank of Scotland and Unicredit, both of whom have been out of the market for over two years. Dominic Squire, a trader focused on the...
View ArticleOne hedge fund strategy is getting killed; another is killing it
On the whole, the hedge fund industry is in great shape. Assets under management are near a record high, the markets have been resilient and the pay is fantastic. But not everyone is winning, despite a...
View ArticleWhat’s the going rate for interns on Wall Street and in the City of London...
This year’s ‘summer analyst’ – or ‘summer intern’ – class has arrived at top investment banks. The aspiring young financiers, typically aged between 20 and 23, can expect a summer of hard graft at...
View ArticleOne twin goes into banking, one doesn’t. What happens to their health?
We spoke to Manya Klempner. An MBA graduate from Columbia Business School, Manya spent eight years working in investment banking as a derivatives marketing professional at the likes of JPMorgan and...
View ArticleDebt, healthcare bankers needed in Europe; UBS eyes Americas growth
In the latest hiring roundup, London banks appear desperate for healthcare bankers, UBS adds to its investment bank in the Americas and one trading firm is providing refuge to sell-side commodities...
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The real reasons why finance professionals in Asia are changing jobs right now
Finance professionals in Singapore and Hong Kong are predominately seeking long-term career progression when they change companies, belying their reputation for frequent, opportunistic job-hopping,...
View ArticleMorning Coffee: The amorality of the senior rainmaker on a pitch. Macquarie...
M&A is not a job for people with convictions. If you have a strong sense of right and wrong, you’re better off working for the Catholic church. M&A is a job for mercenaries who will fight for...
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When bankers burn out: sifting through the ashes
If one industry is known for burning its babies, it’s banking. Which other sector of the economy hires thousands of elite students, works them for 80-120 hours per week and blows them out as ashen...
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A ranking of the top 20 ‘ideal’ financial services employers
Financial services professionals appear to be seeking the relative stability of a career in large U.S. institutions, with Goldman Sachs, JPMorgan and BlackRock topping the ranking of desirable firms to...
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The jobs you’ll most likely get with CFA qualifications. And the companies...
The CFA exams are over. Assuming you’re in the minority of people who turn out to have passed when results are made available in a few months’ time, you might be feeling optimistic about your career...
View ArticleWinton Capital Management: Pay, profits and headcount surges
Winton Capital Management, the quantitative hedge fund with expansion ambitions to hire 100 staff and eventually transform itself into a fund management company, has nearly doubled profits, bolstered...
View ArticleAsset managers: tech companies are coming for your jobs
When you think asset management, you may conjure up thoughts of Blackrock, Fidelity or Pimco. Your kids, on the other hand, are likely to consider other names: Apple, Google and maybe even Wal-Mart. A...
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Complain as they may, bankers don’t quit over long hours
Despite all the recent rhetoric, it appears that grueling working hours aren’t the main reason bankers wave the white flag. Rather, it’s all the dead ends that they encounter in their career path that...
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Male bankers more likely to crave money, power in new role
When you ask a U.S. banker with itchy feet what they’re looking for a new job, the answer you’re most likely to receive is money and power. The chances are better, however, if that person is a man....
View ArticleActually, it’s not impossible to combine a career in the City with a...
As we reported yesterday, Jefferies has hired Dominic Squire. Dominic is a former RBS managing director who left banking in April 2012 to run, ‘Plymouth Boat Trips’, a company that offers boat fishing...
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Is internal mobility a myth in the finance sector?
Financial services may be a large, global industry offering a plethora of radically different roles, but employers in the sector aren’t making it easy for staff to change job functions or locations....
View ArticleMorning Coffee: Top tier banker in 3rd tier firm prevails, again. Naughty...
It is not the case that the best people in banking work in the so-called ‘first tier banks’ – the Goldman Sachs, JPMorgans, Deutsches, Citis, Morgan Stanleys and BAML’s of this world. Nor do they...
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