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Aged 27 in IBD, you should be earning £260k ($325k)
Lest there were ever any uncertainty about the uncanny appeal of investment banking careers to hundreds of thousands of students globally, the latest London investment banking division (IBD) salary and...
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Perella Weinberg’s princely London pay packages
Is it worth leaving a large investment bank for a boutique? Yes, if that boutique is Perella Weinberg. The M&A-focused bank has just released its UK accounts for the year ending the 31st December...
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The ancient technology pitting ‘dinosaurs’ against young banking engineers
In 2014, French software engineer Bertrand Besnard referred to COBOL as a “nuisance” and “something everyone wants to get rid of.” He then went on to urge fellow software engineers to learn the...
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Another Deutsche Bank FX MD joined Barclays
For senior bankers leaving Deutsche Bank, Barclays is becoming a destination of choice. The British bank has just hired yet another senior person from its German rival. Jeremy Monnier, the former...
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Beware the toxic and ambitious directors in investment banks
I am writing this story as a warning. A warning about what can happen when you hire the wrong person into a mid-ranking job in an investment bank. This didn’t happen at Goldman Sachs (I worked for...
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Everything you need to know about working in regulatory technology
While jobs in compliance and risk management aren’t known to be the most exciting positions in banking, those tasked with automating these regulatory processes are working on some of the most...
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Morning Coffee: New misery for analysts, associates and VPs at Deutsche Bank....
Pity the analysts, associates and vice presidents in Deutsche Bank’s investment banking division (IBD). As of yesterday it seems they’ll be restricted to the proverbial ‘bullpen’ writing financial...
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Barclays lost one of its most senior FX technologists
Edward (‘Ed’) Falinksi, one of the most senior FX technologists at Barclays, is understood to have left the bank. Sources say Falinksi left Barclays recently. His name is no longer on Barclays’...
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Credit Agricole quietly hired Barclays’ ex-head of EMEA macro sales in NY
Remember Kashif Zafar? He’s the former head of EMEA senior relationship management and ex-co head of global macro products who left Barclays earlier this year after the British bank hired Filippo...
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Why developers who’ve left big tech firms find banks a breathe of fresh air
On the whole, young talent prefers to work at tech giants such as Google, Facebook and Apple over investment banks like Goldman Sachs and J.P. Morgan. The main reason isn’t earning power or the...
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First the financial crisis cut my pay by 70%. Then it killed my finance career
People say that no one in banking suffered during the financial crisis. Or that they didn’t suffer enough. I would like to offer myself as a counterfactual. Before the financial crisis, I was an...
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John Waldron’s guide to getting ahead in banking
John Waldron has just been named the next president and COO of Goldman Sachs. We spoke to John in April 2018, after Goldman Sachs came top in our Ideal Employer survey. This is what John said. How has...
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Morning Coffee: A rough day for traders at Goldman Sachs and J.P. Morgan....
Thursday wasn’t exactly a banner day for traders at Goldman Sachs and J.P. Morgan but for very different reasons. A management shakeup at Goldman has left the bank’s once dominant securities division...
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J.P. Morgan’s new AI chief begins recruiting spree with key Facebook hire
Well that didn’t take long. Apoorv Saxena, J.P. Morgan’s new head of artificial intelligence and machine-learning services, has only been on the job for two weeks yet has already poached an experienced...
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The real reason Marty Chavez was demoted as CFO at Goldman Sachs
Who knew? It seems that David-DJ D Sol- Solomon, he who likes to spin happy, enervating discs on sandy Hamptons beaches frequented by adulatory millennials in swimwear, is actually ruthless. Witness...
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I was an associate at Lehman Brothers. Then I had to wash my own shirts
For a brief few months I was living the dream. After finishing my MBA I was an associate at Lehman Brothers in London. I was a single man, in a fancy flat (yes, I signed a year-long lease), with people...
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Morning Coffee: Ex-banking VP discovers true horror of salaries outside...
The, ‘I was there when Lehman Brothers went down,’ stories are coming in thick and fast. The Financial Times has them, Bloomberg has them, even AOL. One of the best though is buried within the FT’s...
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Goldman Sachs MDs keep departing for hedge funds
It’s happening again. Senior investment bankers at Goldman Sachs are leaving, before bonuses are paid, for hedge funds. At least two managing directors and one executive director have left Goldman...
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Mike Grimaldi still hiring former colleagues to top J.P. Morgan technology jobs
Michael Grimaldi, J. P. Morgan’s chief information officer for its corporate and investment bank, has hired yet another former colleague for a top tech job at the firm. Tom Waite, a senior technologist...
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The new most precarious place to work at Deutsche Bank?
Deutsche Bank is going to Frankfurt. Or at least its assets are: the Financial Times reports that the bank is moving 75% of its assets to the German city in the next three to five years as it becomes...
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