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Morning Coffee: Consultants complain they’re working more than peers, for...
Despite the surging popularity of consulting jobs, there remains one big downside for anyone choosing consulting over the financial sector – the pay. Even consultants at a Big Three firm rarely reach...
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What you need to know about UBS investment bank’s stunning third quarter
UBS’s investment bank has just had a very good quarter. Increased revenues across its advisory business – particularly equity capital markets (ECM), which soared by 132% on Q3 2016 – meant that overall...
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The former head of equities for Americas at BNP Paribas now running...
The former head of equities for the Americas at BNP Paribas, who left the bank in July after more then 25 years in the financial sector, has launched a company that offers home loans to people with...
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This is why some junior bankers make MD and most don’t
There are two types of juniors in banking: those who see the big picture and those who just grind it out with their noses to the screen. Guess which makes managing director (MD)? Not the second. When I...
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CFA, MBA, CAIA, PhD or Masters: What do hedge funds want?
Hedge funds used to focus purely on the all-important ‘track record’ of any potential new employee. But, with a dearth of talent coming out of investment banks, many have started their own graduate...
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Six ways to talk about a terrible former boss during an interview
Whether you were a good leaver or a bad leaver, whether you got fired or laid off or left for a better job or are in fact still employed, it never pays to talk smack about a current or former boss or...
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Young French banker’s claims of outrageous harassment at BNP Paribas
Does BNP Paribas have a problem with sexual harassment? The testimony of one former corporate finance junior at the French bank suggests it does. Or it did – the accusations relate to events six years...
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Morning Coffee: The secretive race to the top at McKinsey. Jocks are coming...
The first rule of making it to the top at McKinsey, is that you don’t talk about making it to the top at McKinsey. The second rule is that you must be super-connected within the firm, and the third...
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Can’t code? The only other thing that will save your banking job now
You’re out of time. If you can’t already write a piece of code to find the longest palindrome in a string, you probably won’t be able to do so before the automation revolution deals a body blow to your...
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“I’ve never met a trader who left London for Paris who was happy to be back”
Investment banks in the City are currently trying to sell Brexit as an opportunity to return home, but as a French FX and commodities trader currently based in London who spent a significant period of...
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Credit Suisse has hired another top equity derivatives MD from Bank of America
Credit Suisse is making some big hires for its flagging equity derivatives business. Following in from the hire of Michael Ebert from Bank of America Merrill Lynch to lead the division in August, it...
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How asset managers are competing for the hottest skill-set on the buy-side
The underperformance of asset managers’ actively managed strategies taken with the rise of new technologies has shaped asset management recruitment this year and will continue to do so, moving data...
View ArticleI’ve spent 20 years in finance tech. I only get contract jobs now
I started working in banking technology 20 years ago this year. My career started around the time the internet got going, when Python was still just a snake and Cobol and Unix were commonplace. I’ve...
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The New York “salary rule” will cause chaos for hedge funds
It’s day one of the new “salary history rule” on Wall Street. As of today, employers in New York City, can’t ask potential recruits how much they were paid in previous roles. The change is set to...
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Morning Coffee: How to perform terribly at Goldman Sachs and not be fired....
Isabelle Ealet probably wishes she never said it now. When asked by French magazine L’Expansion why she liked working for Goldman Sachs several years ago, Ealet said something about Goldman being a...
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Citadel has just hired a former SAC Capital Advisors partner who has been...
Citadel has continued its London hiring spree by bringing in a former partner at SAC Capital Advisors in the UK who has been running his own hedge fund for the past four years. Sam Elsokari, a senior...
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The best jobs at Tidjane Thiam’s Credit Suisse. And the worst
Firstly, some praise where praise is due. When Credit Suisse used last year’s investor day to explain its intention of simultaneously cutting costs and increasing revenues in its global markets...
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Goldman loses key technologist to Bank of America Merrill Lynch
Goldman Sachs is undergoing a retail banking revolution, so much so that CEO Lloyd Blankfein is getting in touch with consumer banking customers personally. Like any retail bank, technology is key to...
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28 year-old bankers with massive mortgages unfazed by this rate rise
£If anyone has a giant mortgage in London now, it’s the person six years or more into a career in banking. While other professions were forced to rent, vice president (VP) level bankers could still...
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Morning Coffee: How you feel about other people after 25 years at a $50bn...
Billionaire Robert Mercer, a huge financial backer of many conservative causes and a patron of the former White House adviser Steve Bannon and Breitbart News, sent a letter to investors and pension...
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