“I’m a 2nd year IBD analyst at Goldman Sachs. This is the reality”
When James Trant got the offer to join the analyst program at Goldman Sachs, he wasn’t sure what to expect. “I was absolutely delighted, but also slightly apprehensive,” he says. “There are lots of...
View ArticleBanking vs. consulting. – Which is really best now?
Investment banking and strategy consulting are like avocados and quinoa: both attract the elite (or, in the words of one ex-McKinsey director, “insecure, deeply left-brain, hyper-intellectual, OCD...
View ArticleI was groped during my banking internship
This summer I interned in the investment banking division of a European bank in London. It went well: I got an offer to come back and work here when I graduate, but the experience was marred by a...
View ArticleThe lost Goldman Sachs 1985 fixed income recruiting video
In 1985, Goldman Sachs was still a partnership. The current partners owned around 80% of the firm, retired partners held the remainder. Lloyd Blankfein was a 31 year-old trader at J. Aron, the...
View ArticleWhy investment bankers cry in the work washrooms
Bankers love to cry. Go check out the men’s room stalls and you’ll see what I mean. They’re in there. I’m not one to talk. I’ve cried too. What brings this on? I’ve worked in banking 18 years. Here’s...
View ArticleDeutsche Bank’s guide to the causes of the next banking jobs meltdown
It will happen again. Almost 10 years since the collapse of Lehman Brothers and the global financial crisis, Deutsche Bank issued a cheering note pointing out that another financial crisis will happen,...
View ArticleWill you get paid for 2017? Bonus outlook by bank and division
2017 bonus announcements are fast approaching. Who will be lucky? Who will be luckless? Here’s our roundup of all the portents for performance payments for 2017. Bank of America Merrill Lynch: Good...
View ArticleCan’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...
View ArticleRokos Capital Management hired a top technologist from Barclays
Former Brevan Howard star trader Chris Rokos’ $6.8 billion hedge fund has roped in yet another senior executive from Barclays, continuing its hiring spree in London as it expands its UK operations. Dan...
View ArticleThese will be the best jobs in IBD between 2018 and 2020
The top level of investment banking is notoriously a Game of Thrones, where seeming colleagues are in fact engaged in all manner of intrigues and office politics to reach a position of first among...
View ArticleBank by bank hiring (and firing) plans as we start 2018
Where are banks likely to hire and fire in 2018? Here’s our round-up of the hiring intentions disclosed at the time of their third quarter results. Bank of America: Massive spending on (and likely...
View ArticleExhausted? Here’s how I survived 17 years in banking
Investment banking, sales and trading, research: they are all hard jobs. You will likely be stabbed in the back by your colleagues, your clients will slam the phone down on you and pull an order, and...
View ArticleSenior trader leaves Moore Capital, founds new London macro fund
Changes are being made to Moore Capital’s European operation to mark the start of 2018. Hassim Osman Dhoda, a former senior macro trader at Moore Capital in London quit at the end of last year and has...
View ArticleHere’s what a small bonus does to your mental health
Long working hours may be the largest stressor for bankers, but getting a small bonus can also affect your mental health, especially if you live in an expensive city like New York. Here’s how a small...
View ArticleSeven things to delete immediately from your banking CV
If you’re applying for banking jobs which you’re qualified for and you’re getting nowhere, you can blame your CV. Your CV is supposed to be your shop front and your door-opener, but if it’s deterring...
View ArticleWhy you can’t afford to quit investment banking yet
It’s 2018, and maybe you have itchy feet. You want to quit banking and go into consulting, or fintech, or private equity, or do something completely different. Are you sure this is such a good idea...
View ArticleDeutsche Bank makes its first big hire of 2018
Deutsche Bank has made its first big hire of the year by appointing Krisan Haria – a former senior trader at KCG Holdings with expertise in data science, machine learning and artificial intelligence –...
View ArticleSeven tips for acing the Series 7 and other financial exams
Success in the Financial Industry Regulatory Authority’s General Securities Representative Exam, more commonly known as Series 7, is fundamental to anyone wishing to work in the investment industry in...
View ArticleHow to make the leap from Wall Street to Main Street CFO
With the turn of the calendar to 2018, many of us contemplate our short- and medium-term career goals. Financial services professionals often ask us how they can parlay their skills from a career in...
View ArticleA senior private equity executive just resurfaced in big new job
Senior private equity executive Ralf Ackermann, a former partner and head of the European opportunistic credit fund at Apollo Management, who left the firm in July last year, has finally taken up a new...
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