Goldman Sachs hiring associates without MBAs, losing to PE, hedge funds
Goldman Sachs’ London office has been hiring, and possibly firing, junior bankers. It’s also continuing to lose a trickle of people to hedge funds and private equity. The firm’s latest London arrivals...
View ArticleThe boutique investment bank everyone should want to work for
The top of the latest “best bank to work for” list offers no real surprises. Blackstone Group, Goldman Sachs, Morgan Stanley and J.P. Morgan fill out the top four, in that order. But number five may...
View ArticleWhy elite students make serious career mistakes
Are you a student at an elite university? Have you fallen into investment banking/strategy consulting/other such elite occupations as a matter of course. If so, William Deresiewicz, a former professor...
View ArticleThe finance professionals in Singapore and Hong Kong who turn down big pay rises
Candidates for compliance jobs in Singapore and Hong Kong are in high demand and are potentially able to pick up big pay rises when moving to a new bank. But when deciding between competing offers,...
View ArticleMorning Coffee: M&A hiring to happen here. 24 year-old banker confesses...
This is a good time to work M&A and equity capital markets. While colleagues are being replaced by computers and shopping in Lidl, the fortunes of M&A and ECM bankers are supposed to endure...
View ArticleHow traders got their lives back
Next time you see a middle aged man hanging around a children’s play area at lunchtime, fret not: he’s probably just a systematic trader who’s enjoying life. While some trading professionals certainly...
View ArticleAre top recruits brainwashed into taking banking and consulting jobs?
It’s seemingly a rite of passage, and one that doesn’t make all that much sense on the surface. A class of elite college students accept jobs at banks and consulting firms, complain about the hours and...
View ArticleBarclays, UBS, Goldman Sachs, Credit Suisse: hiring and firing strategies for...
So you thought your banking job was safe? Think again. As Deutsche Bank explained in its giant report on the future of European banking earlier this week, banks’ revenues might be improving but banks...
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The top 35 MBAs for getting a job in investment banking
If you’re thinking of starting an MBA to boost your career prospects, the chances are that investment banking is not top of your list of priorities. More business school graduates are shunning finance...
View ArticleThe worst things employees say about Wall Street’s best banks
As we reported yesterday, Wall Street employees still favor big name banks like Goldman Sachs and JPMorgan, even if boutiques are catching up. And despite all the rhetoric, bankers on the whole rate...
View ArticleSingaporean banks flex muscles in second-half hiring
Two home-grown banks, DBS and UOB, are starting to dominate the market for transaction banking jobs in Singapore, poaching candidates from global rivals and ensuring that smaller foreign firms don’t...
View ArticleMorning Coffee: Parents paying to ease children into Goldman, Deloitte. Why...
How important is it that your children go to an elite university which will equip them for jobs at top financial services and accounting firms? For some parents, it’s so important that they’re willing...
View ArticleDeutsche Bank’s head of equity strategy joins expanding Singapore SWF UK...
Temasek, the S$223bn ($178bn) Singaporean sovereign wealth has been quietly recruiting for its new UK office over the past six months and the latest new hire to join its London operation is Gareth...
View ArticleLondon bankers fear drunken misdemeanours will make them unemployable
Next time you go out for a post-work beverage, think carefully about how any drunken behaviour might be interpreted by the Financial Conduct Authority. Can you really claim to be a person of integrity...
View ArticleI was a banker. It was so dull that I’m leaving to work in law
“I’ve worked in the financial services industry for five years and am about to quit. Law is far more intellectually stimulating. I studied philosophy, politics and economics (PPE) at Oxford and went...
View ArticleMoney managers have learned their lesson, and it’s killing them
Goldman Sachs just came out with some research on the performance of stock pickers in 2014, or the lack there of. Long story short: they’re still taking a beating. Many are likely preparing awkward...
View ArticleExpansionary hedge fund ramps up headcount and pay even as profits dive
Bluecrest Capital Management is the hedge fund in which many prop traders from investment banks have found a happy new home as the Volcker Rule forced banks to cut back. The hedge fund has ramped up...
View ArticleForget the contract: back office workers seeing more permanent offers
When the financial collapse hit, big banks tweaked their philosophy when it came to the little hiring that they did, at least in the back office. Rather than making permanent offers to non-revenue...
View ArticleSummer internships: When banking interns don’t get offers
Banking internships are being wrapped up. Students who’ve spent the summer simulating the lives of traders or M&A bankers are going back to their studies. Some have offers of full time jobs, but...
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Goldman Sachs, BofA, JPMorgan: where to work in IBD now
How are things going at big banks’ investment banking (IBD) divisions this year? How was the third quarter? Who deserves to get paid? And – as we approach the fourth quarter-job-death-zone, whose jobs...
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