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The speed route to executive director at Goldman Sachs
It’s promotion season in investment banks. Managing directors aren’t the only ones being informed of their new positions: vice presidents (VPs) and executive directors (EDs) are being bumped-up too....
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Here’s what seven top New York hedge funds pay
Those running successful hedge funds haul in millions, if not billions. But what about the rank and file? Pay is high compared to most of the U.S, but not stellar when you only consider base pay. Maybe...
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This is how much Facebook actually pays its people in London
Thinking of leaving an investment bank to work for Facebook? If you’re in London, you’re in luck. Facebook recently announced plans to hire 800 new people for its U.K. headquarters in London’s West...
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Morning Coffee: This is why people really want to move to the buy-side....
Despite some misconceptions as to what’s actually involved, buy-side careers (in asset management )are enduringly popular among people disaffected with the sell-side (investment banks). If nothing...
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Meet the ex-senior investment bankers trying to unlock tech millions
When Greg Wright headed corporate finance in London for Merrill Lynch in the early-2000s, it was a simpler time for equity capital markets. While this year has seen a string of cancelled UK IPOs,...
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Another bank announced bonuses. But there’s a catch
As the end of year approaches, more banks are divulging bonuses. The latest to go is Berenberg in London. As at RBC last week, Berenberg’s London bonuses seem surprisingly acceptable (given dire...
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I’m an MD in an investment bank. This is my Christmas pep talk to the team
It’s been a tough year. As 2017 draws to an end, I’ll be glad of the festive rest. This time of year can be exhausting for anyone, but in banking it can seem even more so. Year-ends create pressure to...
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Voice-trading fintech firm Cloud9 is hiring from banks
Cloud9 Technologies is one of a string of regtech firms offering technology to monitor investment banks’ trading teams, so it’s no surprise that it’s targeting sell-side firms as it builds its team....
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The big question for Goldman Sachs: did it over-fire?
Goldman Sachs has had a bad run. In the first nine months of the year, its fixed income sales and trading revenues fell 23%, more than at any other investment bank. There are moves afoot to remedy...
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12 ways to use the holidays to land a banking job in 2018
The festive season is upon us and banking professionals are finally taking a break from the stresses of deal-making and regulatory updates. But if you plan to look for a new banking job in 2018, don’t...
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Six steps you must take before quitting your job for a new role
Leaving one financial services job for another is never an easy thing to do, and each step of the process of quitting to one employer before joining another requires a bit of thought. Here are the...
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Morning Coffee: About those gigantic bonuses at Jefferies… New Brexit...
Jefferies hired a lot of people in 2017. Seems you should have been one of them… Not only did the house of Handler add 121 people last year, but it paid extraordinarily well. Average compensation per...
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A VP’s advice to all the banking MDs who need to cut costs in 2018
I’m a vice president in an investment bank. I’ve been here five years after joining through a side entrance as an associate, and if I’ve observed one thing, it’s that banks are wasteful places. There’s...
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The three best jobs on Wall Street in 2018
While no one can predict the future, it’s still possible to examine banks’ activities and performance and read the tea leaves to figure out which roles are likely to be best at Wall Street banks in...
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11 things that could change banking jobs dramatically in 2018
2018 has the potential be a big year. As Robert Mueller continues to probe the U.S. election campaign, as Theresa May teeters through Brexit with Jeremy Corbyn waiting in the wings, and as North Korea...
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Morning Coffee: BAML’s traders granted extended Christmas breaks. Gary Cohn...
If you’ve ever wanted up and leave your banking job for a month and a half, then you’re hoping that this new pilot program catches on: Bank of America Merrill Lynch will offer paid sabbaticals to some...
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“Working over Christmas helped me get to the top in investment banking”
It’s a common enough scenario in investment banking (especially here in Asia): you’re in the office over the Christmas season, but you don’t have nearly as much work on as usual (unless you have a deal...
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Burned out by banking and want to save the world? There’s this
Many young people pursue a career in investment banking thinking they’ll be able to change the world for the better but end up getting disillusioned when it becomes clear that making money is the only...
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What to say to relatives who inform you banking is immoral at family gatherings
Beyond the bubble of Wall Street and the City of London, the banking industry still does not have the best of reputations. Christmas – when extended families assemble for food and alcohol – is an...
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J.P.Morgan’s massive guide to machine learning and big data jobs in finance
Financial services jobs go in and out of fashion. In 2001 equity research for internet companies was all the rage. In 2006, structuring collateralised debt obligations (CDOs) was the thing. In 2010,...
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