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I gave up a burgeoning pop career to become a J.P. Morgan trader, now I’ve...
Rachel Mayer was raised in her father’s native country of Venezuela, and for a while, it looked as if she would follow in his footsteps. He is salsa singer Bazil Alexander, who is quite famous in Latin...
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Goldman Sachs juniors complain that the firm is hiring mediocrities
Is it too easy to get into Goldman Sachs? Given that the firm only accepts 3% of people you might think not, but a harsh review of the firm’s hiring policies which argues that Goldman has been...
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The best paying accounting jobs in the U.S.
Accountants are in demand in the U.S., whether that’s in financial services or the public and corporate sectors, and most companies are having to dig deep to get the right people on board. In fact,...
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Morning Coffee: Traders reject boss with passion for self-help books. Hedge...
Managing traders is hard work, particularly if you haven’t ever been a trader yourself, but even more so if you have a passion for aphorisms found in management self-help books (unless written by...
View ArticleGoldman Sachs and Morgan Stanley MDs are signing up to Macquarie
Would you trade Goldman Sachs or Morgan Stanley for a role at Macquarie? Over the past few weeks, the Australian investment bank has been poaching senior bankers from large U.S. banks in both London...
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The ancient programming language that will get you an AI job in finance
Armando Gonzalez has got a problem. The CEO of Ravenpack, a company which uses artificial intelligence to turn news and social media into usable indicators for financial services firms, is struggling...
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Deutsche Bank director quits for Morgan Stanley before non-bonuses announced
Watch out for moves from Deutsche Bank. As the bank’s bad bonus news sinks in and other banks start filling holes, Deutsche is going to be a prime hunting ground. One Deutsche Bank director has already...
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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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I launched Goldman Sachs’ Marquee, but I quit to tackle Fintech’s biggest...
Marquee is a big deal at Goldman Sachs. With Marty Chavez recently promoted from chief information officer to CFO at the bank, Goldman’s previous statements about being a technology company look truer...
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This is where private equity firms will be hiring in the U.S. in 2017
Private equity firms’ on-cycle recruitment is becoming more competitive and kicks off earlier every year – for many investment banking analysts, the process begins as soon as they start on the training...
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Where the juniorization’s really happening on Wall Street: a chart
Which banks are most reliant on their juniors to get stuff done? Which are the most effective practitioners of ‘juniorization’, or the reassignment of jobs previously done by expensive experienced...
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Morning Coffee: Deutsche Bank’s $630m fine down to creaking over-worked team?...
By the end of this year, Deutsche Bank will have 1,160 people working in its anti-financial crime unit, and not before time. Not only has Deutsche Bank been slapped with another fine – this time a...
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The most frustrated people in finance
Banks are like water-filled balloons: if you squeeze one end to displace a bulge, it simply appears further along. In the past 24 months, most large banks have introduced syncopated training programmes...
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Nomura has hired a senior economist as most investment banks cut back
Economists in Europe have had to swallow their pride and admit they were wrong about the impact of Brexit on the UK. Except, Brexit hasn’t actually happened yet, so maybe they’ll be proved correct...
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Actually, Deutsche Bank’s retention bonuses are more cunning than we thought
John Cryan is a cunning old dog. As we’ve thoroughly reported, Deutsche Bank’s CEO isn’t awarding proper bonuses to anyone above associate vice president level this year. He is, however, awarding...
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The 11 worst career decisions that junior bankers make
Everyone makes blunders early on in their career, even they eventually end up at the top. Here are the most common lapses in judgement and just plain-old poor decisions that junior bankers make. 1....
View ArticleI survived automation on the trading floor, here’s how you can too
I used to travel to China regularly. During small talk over the inevitable elaborate banquet I was always asked how many children I had. When I replied that I had three boys, my interlocutor would...
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Perella Weinberg said to pay giant bonuses to London juniors
Wild excitement at Perella Weinberg! We understand that the M&A boutique has given London staff their 2016 bonus numbers and that they’re a) huge and b) the bonuses are being paid entirely in cash....
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Four questions to ask in interviews with UBS’s investment bank
Has UBS got a problem? Chirantan Barua at Bernstein Research thinks so. In light of last week’s miserable results from the Swiss bank, Barua has reiterated his underperform rating on UBS’s stock,...
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Morning Coffee: A warning to the 28 year-old bankers without a plan. Deutsche...
Beware the danger of working in finance without any heed of what you really want to do with your life. This is the warning from Phil Page, a man who retired from the City of London aged just 40 after...
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