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BlackRock is hiring, and paying better too
Employee compensation at BlackRock increased by roughly $100 million during the first quarter of 2018. The fund manager paid out more than $1.12 billion to employees during Q1, buoyed by a 16% uptick...
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Morning Coffee: The over-hyped banking jobs you may not want after all....
So you thought you wanted to work in artificial intelligence (AI) in the financial services industry and get in at the start of the machine learning revolution? Well… Much has been spoken about the...
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What happens to Wall Street traders when the music stops
Raj Malhotra spent well over a decade working as an equity options trader, splitting his time between BNP, Bank of America and Nomura. He was promoted to managing director before age 30. After only 13...
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Why I left McKinsey & Co. for buy-side giant T. Rowe Price
Stefan Hubrich is the co-portfolio manager of T. Rowe Price’s new Multi-Strategy Total Return Fund (TMSRX) – its first foray into liquid alternatives. How did he get promoted from an equities quant...
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What Q1 results say about jobs and pay at J.P. Morgan and Citi
J.P. Morgan and Citigroup both reported strong first quarter results on Friday, easily topping analysts’ expectations. There were, however, both highs and lows for those working at the two U.S. banks,...
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The biggest misconceptions about working for a hedge fund
Of all the misconceived stereotypes about working for a hedge fund, the biggest one is around pay. Many people underestimate how long and hard you’ll have to work to achieve the eye-popping salaries...
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The quiet men who control the future of Deutsche’s fixed income trading business
Deutsche Bank has turned to company lifers to rescue it in its hour of need. There’s the new CEO, Christian Sewing, who joined as a teenager and only strayed for two years in 2005 before going back to...
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How to write your resume if you want a job at Two Sigma
Two Sigma, the New York-based quantitative hedge fund managing more than $50bn, is hiring data scientists and machine-learning experts in droves. Your resume better be impeccable if you want to get...
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“I quit banking for fintech in 2002. This is what I’ve learned.”
Moving from management consulting to investment banking – or vice versa – is a well-trodden career path, and now both consultants and bankers are entering the financial technology space in droves....
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Morning Coffee: So, big tech firms pay a lot less than big banks. Barclays’...
Goldman Sachs or Facebook? Big finance or big tech? Banks have slowly been losing ground to their funkier Silicon Valley rivals in the battle for top graduates and MBAs. But while banks won’t offer you...
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A senior member of Goldman Sachs’ internal hedge fund quit for Pictet
ZhongWen Lee, a senior member of Goldman Sachs Investment Partners (GSIP), an internal multidisciplinary hedge fun within the bank, quit the firm earlier in February to join Pictet Asset Management....
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Here’s who will actually employ you when you get your CFA
The June CFA exams are only a couple of months away. If you’re studying for them, you might be in need of a little extra motivation. After all, earning a CFA charter is one of the more difficult and...
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Morgan Stanley’s results confirm it: pay is rising again in banking
We’re only four months into 2018, but if you’re of an optimistic disposition you will be feeling good about this year already. Banking is an industry in which pay is aligned to revenues. And in 2018,...
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The new best banking jobs for non-quants and non-technologists
If you don’t work in tech and you’re not a quant, you can be forgiven for feeling twitchy about your future in finance. After all, STEM recruitment is where it’s at: 70% of Goldman’s equities trading...
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Here’s how much you’ll get paid for the hottest IBD jobs on Wall Street
If you want to get paid in a Wall Street investment banking division (IBD) this year, you’ll need to be lucky. Figures from Dealogic suggest Americas investment banking revenues fell 17% year-on-year...
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Morning Coffee: Intern says she was subject of bizarre and offensive...
A strange case involving an asset management intern and a London School of Economics and Bocconi graduate who was already on the training scheme, has made it to court. David Buccheri joined M&G...
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Senior BofA trader who left for a start-up returns to trading
A senior former Bank of America Merrill Lynch trader who left the firm last year to set up his own start-up has reappeared in trading. Nikolai Andreev, an ex-BAML director of emerging markets trading,...
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Why so many juniors leave investment banks after two years
In around two months time, this year’s interns will arrive at investment banks. Having seen plenty of intern cycles during my banking career, I can predict pretty exactly what the coming intern class...
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What’s wrong with work-life balance at the Big Four accounting firms?
There are certain names in every industry that people naturally gravitate to. In banking, it’s Goldman Sachs and J.P. Morgan. In consulting, there’s Bain & Co., McKinsey and Boston Consulting...
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Japanese banks are recruiting on Wall Street. Here’s who they’ve hired
So you want to work for a Japanese bank on Wall Street? The good news is: they’re hiring. The bad news is Japanese banks have a reputation for hiring one year and retreating the next. For the moment,...
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