UBS hires new head of Euro rates trading from hedge fund
UBS might be in the midst of a restructuring to downsize its investment bank (largely through making thousands redundant in its fixed income, currencies and commodities division), but it’s still...
View ArticleJPMorgan’s ex-head of equities finds perfect pseudo-retirement post
What do you when you’re fatigued with getting up at 5am and battling the oscillations of the European cash equities markets? How about kicking back, dropping out (of banking), and getting a pleasant...
View ArticleOnce mighty trading capital falling on hard times
A few years ago, Stamford, Connecticut was one of the best cities in which to work if you were a trader. Home to UBS and Royal Bank of Scotland’s U.S. trading hubs, Stamford housed thousands of...
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Why finance professionals can’t afford their children
Deep in Cobham, a leafy Surrey town within commuting distance of London, Samantha, the American wife of a City finance professional is weighing how best to bring up her son. “He started out in the...
View ArticleStudent finance careers events and competitions for the week ahead
Are you a student who wants to work in finance? Now’s the time for you to hone your pitch. – Banks everywhere are accepting applications (we have a Singapore/Hong Kong deadlines timetable here and a...
View ArticleHow to differentiate good and not-so-good recruiters
Candidates complaining about recruiters, calling them unhelpful, unethical and even immoral is as old as the hills, and nothing provokes comments on eFinancialCareers like a debate over their merits...
View ArticleRecounting a weird week of Wall Street courtroom drama
Our last update on the weird courtroom scuffles involving the 1% included a chief compliance officer who sued his neighbors over the smell of manure emanating from their property, despite the fact that...
View ArticleSix small or obscure finance firms with big hiring plans for the Middle East
Hiring is picking up in the Middle East financial sector, but often even large international banks have a small headcount in the region. Sometimes it’s worth looking at smaller firms where the Middle...
View ArticleThe Carsten Kengeter guide to a career change at 40, and beyond
Another senior banker has decided to reject the cutty-thrustiness of banking life and do something tangential but hopefully more relaxing. He is Carsten Kengeter, 47-year old ex-head of UBS’s...
View ArticleMillennium growing new team, fresh firms sprouting up across London
In the latest hiring roundup, Millennium is building a commodities team, Credit Suisse looks to grow in M&A and credit financing and new hedge funds popping up in London. Millennium hiring...
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Morning Coffee: Unlikely bankers earning £320k aged 33. ‘Banker’...
Who earns £320k aged 33 in the City of London? Certainly not the ‘average’ front office banker, who according to the figures we most recently received from pay data company Emolument, is earning...
View ArticleThe sweet spot for investment banking bonuses in 2014
Where in the world are investment banks pandering to their employees, offering them incentives of larger salaries and the prospect of a larger bonus? The sweet spot to work currently in investment...
View ArticleHiring in the front office and other key takeaways from UBS’s Q3 results
UBS has just released its Q3 results. Ostensibly, they are very bad for its investment bank. After booking a CF1.6bn cost for litigation, “regulatory and similar matters”, UBS swung to a nearly...
View ArticleBeyond the CFA and MBA: 13 other qualifications for jobs in banking
Here on eFinancialCareers, we write a lot about the CFA and the MBA. There is a reason for this: both are popular among financial services professionals looking to get ahead. Both are broad-ranging...
View ArticleUBS’s pay increase looks a little outrageous in the circumstances
UBS appears to be increasing its investment bankers’ pay. According to today’s third quarter results release, average compensation per head in UBS’s investment bank increased 5% in the first nine...
View ArticleWall Street bankers expecting big things come bonus season
What a difference a year makes. Last autumn, U.S. bankers were, on the whole, rather pessimistic about their chances of taking home a big bonus, especially compared to their counterparts in London....
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JPMorgan pays its investment bankers the most. And does Nomura really pay...
Investment banks live and die by revenue league tables, clamouring for prime spots like Premier League football teams craving a Champions League spot. But while they’re happy to shout about their...
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Ex Barclays bankers cling to giant job titles of their past
What happens when you lose your job in an investment bank? And what happens if it was a really important job in an investment bank and you’re now off to do something less prestigious and possibly...
View ArticleWhy it’s still 2007 on the buy-side
You can make a number of arguments why someone would prefer the buy-side over the sell-side. But really, it comes down to one thing and one thing only. The financial collapse turned investment banks on...
View ArticleFive questions you’ll need to know the answer to if you want to pass the...
If you want to score a high-paying job selling or trading securities in the U.S., you’ll need more than just a good resume. You’ll also need to pass a six-hour, 260-question exam commonly known as the...
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