Banker’s wife changes her tune, apologizes to Jefferies
The story that had all of Wall Street talking for the last three weeks has finally hit its end it seems. Sage Kelly, the high profile investment banker who took a leave of absence from Jefferies after...
View ArticleBrevan Howard hires duo from JPMorgan and Nomura
Brevan Howard hasn’t exactly been in expansionary mode this year. In the wake of some shaky performance, senior staff members have departed, others have been shipped out of Mayfair to Switzerland....
View ArticleThe highlights of Goldman Sachs’ new partner class
The day is a little bit brighter for the 78 Goldman Sachs employees who were just named partners of the firm. Just 11 are women, but that’s actually up from the 10 that were named in 2012. That’s the...
View ArticleHow to start a banking career at Citi in Asia
Citi is one of the largest recruiters of students and graduates in the Asian banking sector. Each year hundreds of them join the ranks of its 55,000 employees in Asia, a region which contributed 36% of...
View ArticleHedge fund’s direct lending chief departs after two years
The former chief executive officer of debt investor Palio Capital Partners, which was disbanded after its three founding partners left for Chenavari Investment Managers, has now left the credit-focused...
View ArticleUpset as FX traders anticipating bonuses now face pay destitution
A few weeks ago, FX traders in London were daring to hope. Yes, the prospect of fines related to FX fixing loomed, but thanks to September’s increased volatility they’d actually made some money. With...
View ArticleHas the bloom of a Harvard MBA fallen off the rose?
Harvard Business School has taken a mighty dive in the latest MBA rankings put together by Bloomberg Businessweek. And it’s the students that are most to blame. Ranked second a year ago, Harvard fell...
View ArticleAn inside look into the life of a winning and losing Wall Street trader
Being a trader isn’t your traditional 9-5 job. There are wild swings of emotion throughout the year and even during a single day as bets pay off or end up costing you money. What’s it like living that...
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This is why you fail the CFA exams
December’s CFA exams are approaching fast. As usual, a majority of candidates will fail – in June of 42% of candidates passed CFA Level I, and only 46% passed Level II. Level III is the only CFA exam...
View ArticleKunal Shah, Goldman Sachs MD at 27, partner at 31
Of Goldman’s list of partners, announced yesterday, 31-year-old Kunal Shah is the man everyone’s talking about. Shah got the news about his promotion aged 31. It will become effective the day before...
View ArticleHow to get a banking job in Asia NOW but still get a bonus from your current...
As the year draws to an end banks in Asia are doing more than just pipelining potential talent for next year. Increasingly, they are making offers of employment now for jobs not starting until bonuses...
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Chance of being laid off in fixed income since 2010? 27%
Bankers are paid a lot. However, there’s a good reason for this – they live under the threat of constant redundancy. As veteran banker-turned author Philip Augar noted in the Financial Times yesterday,...
View Article“Trust me the City is NOT rotten to the core! These FX fiddlers are just...
After 52 years and two months of gainful employment in the City of London, this week, without any qualification or ambiguity, has been the saddest of my professional life. I hang my head in shame! Any...
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The investment banking jobs calendar. When banks hire, when banks fire
You want a job in banking? Now may not be the time. As the infographic above – based on smoothed headcount changes at four major investment banks since 2010 – shows, we’re now in the cold season for...
View ArticleMorgan Stanley bankers rolling in the benjamins once again
Bankers at Morgan Stanley who stuck around after an infamous 2012 interview with Chief Executive James Gorman are reaping the rewards. The bank is having a banner year, and it’s back to paying its...
View ArticleFive things you may not know about the Series 7 that can help you pass
There are over 40,000 individuals per year who take the Series 7 examination, with only two-thirds passing. The others need to tell their new boss that, sadly, they won’t legally be able to trade...
View ArticleThree major people-moves in Asia and what they mean for banking careers in...
October and November are generally not busy months for senior-level hiring in the banking sector – as this infographic shows, the pre-bonus months are predominately a time when banks like to slash...
View ArticleThe promised land disappoints: Hedge fund traders making a swift return to...
The career path of an investment bank trader looking for a bigger pay day has always been straightforward – move to a hedge fund. Competition is incredibly tight for places on the buy-side and only a...
View ArticlePay at Pimco in London. High, but not hundreds of millions high
Now that Pimco’s (allegedly) exorbitant pay has become common knowledge, will you rush to apply for a job at Pimco’s London office? Maybe, but you need to know that while life will be lavish, it won’t...
View ArticleOne day all bankers will be paid in ‘performance bonds’– except the evasive ones
First came deferred bonuses. Then came mandatory deferred bonuses. Then came clawbacks. Then came deferred bonuses paid in CoCos (if you’re at Credit Suisse). Then came the EU’s bonus cap. Then came...
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