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You may not want to leave Goldman Sachs for Google after reading this
If you work for an investment bank (like Goldman Sachs) and you think life would be much better if you worked for a tech company (like Google), you might want to refresh your worldview by taking a look...
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Morning Coffee: Goldman Sachs’ new CFO said this frightening thing on the...
Goldman Sachs’ management had a bittersweet day yesterday – their own results were surprisingly good, but Morgan Stanley’s, reported on the same day, were surprisingly better. Not only that, but the...
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The plight of anyone who becomes too comfortable with their banking pay
If you work in banking, my warning to you is this: don’t get too comfortable with your pay. It will be your undoing if you do. I spent nearly four years working in the structuring team of a major bank...
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The back channel that can get you a hedge fund job at Point72
Landing a job on the buy-side immediately out of school is a difficult climb. Those seats are typically saved for Ivy League graduates with otherwise flawless resumes. However, a new trend may be...
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Hutchin Hill founder recruiting quants to join his new team at Millennium
It’s been about two months since Neil Chriss, founder of recently-defunct hedge fund Hutchin Hill Capital, announced his intention to partner with Millennium Management to build out a new quantitative...
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The new recruitment crisis as banks try doubling their strats teams
There is a U.S. investment bank in London’s Canary Wharf (which will remain unnamed) that wants increase the size of its strats team by nearly 100%. Right now, it has around 60 strats in London. In a...
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Morning Coffee: The bank that offered “beautiful cars” as signing bonuses....
Once upon a time in London, bankers were paid bonuses in the form of fine wines, Persian rugs and gold bars. That was the early 1990s and bonuses in kind were (predictably) a way of avoiding increased...
View ArticleI was ready for a new challenge. EY’s GigNow platform connected me with some...
Ian Alderton, Associate Partner – Technology Strategy & Innovation, FS Advisory at EY, was ready for a new challenge when he was approached by EY to become a contractor “For me it was a phenomenal...
View ArticleBP’s graduate programme took my career to the next level, here’s how
While a career in oil and gas may not seem the most obvious choice for an environmental enthusiast, Katrin Harding has found a rewarding career at BP, in which she is driven by seeing that her role is...
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Will Standard Chartered be the next bank to make big job cuts?
Is something afoot at Standard Chartered? Unconfirmed rumblings from inside the bank suggest a big cost cutting program might be shaping up for the final quarter of this year, although not everyone...
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The unusual steps banks and tech firms are taking to ‘overpay’ data scientists
Secretly, the two most-hated words for internal recruiters at big banks are “data scientists.” The problem is two-fold. One, investment banks have a growing need for people who can mine and analyze big...
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Point72 continues adding to its macro team
Steven Cohen’s Point72 Asset Management is pushing forward with its macro investing strategy with the hiring of two new analysts – one in the U.S. and one in the U.K. Adrien Cohen, a former junior...
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These banking analysts think Goldman Sachs has no chance of meeting its...
Remember those revenue goals Harvey Schwartz laid out in his growth plan for Goldman Sachs this time last year? Those plans where he said Goldman was going for $5bn in extra revenues over the next...
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Morning Coffee: The most outrageous sales pitch since the UBS yoga pants...
Back in 2007, UBS dressed 75 of its bankers in Lululemon gear and had them take part in a photographed “flash mob” yoga session in the privacy of Central Park – all in an effort to help woo the...
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The secret Standard Chartered cost cutting email
As we reported yesterday, Standard Chartered is getting ready to cut some costs, and some heads. We can now elaborate on the bank’s precise intentions, having seen a copy of the email sent by CFO Andy...
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So, why did Morgan Stanley’s ex-head of algo strats join RBC?
Jas Sandhu has resurfaced, and he has done so in a rather unexpected position. Morgan Stanley’s former head of Europe & Asia-Pacific algorithms and leading equities algo strat has not reappeared at...
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Women in banking admit that it’s partly their fault
Why is that there are so few women at managing director (MD) level in investment banks? That there are hardly any female strats? That even after decades of focusing on women’s initiatives, banks like...
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Citi once again adding traders to its Delta One desk
For the second time in as many years, Citi appears to be reloading its Delta One sales and trading teams. The bank has made at least three new hires in the last month alone. Andrew Dawkins, former head...
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Commerzbank made a change to its bonuses that should have Deutsche Bankers...
Remember January 2017? If you work for Deutsche Bank, you probably will. – This was when then-CEO John Cryan announced a plan to shelve individual performance related bonuses for all but the most...
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Now Paris is pursuing London’s private equity jobs
Earlier this year, we asked people in finance how happy they were with their pay. A 23 year-old working in a small/mid cap private equity fund in Paris responded to say he was very unhappy. At just...
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