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How I ranked top of the BAML analyst class by using my brain
Next time someone tells you about the crazy hours you’ll work as an analyst in an investment bank, don’t listen. Same, don’t listen when they tell you how junior banking jobs are for mindless academic...
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Morning Coffee: How to ride a lay-off with style. Big Four accountant throws...
Even if you’re at the top, equity research remains a perilous place to be. The latest investment bank to hack away at its research function is CLSA, which has laid off 90 employees as it decided to...
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Citadel targets investment banks as it continues to expand in the UK
Most hedge funds are now turning to graduate recruitment programmes to develop junior talent. Citadel, however, is still hiring from investment banks. Citadel has been building its senior ranks over...
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The 35 year-olds every bank wants to hire in 2017
Juniorization is over. So say front office markets recruiters in London: if 2016 was all about finding high-performing vice presidents who could do the work of directors and managing directors, 2017 is...
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Upset following the SocGen fixed income bonus round
SocGen’s fixed income traders didn’t do badly in 2017. As the chart below shows, they managed to increase revenues more than rivals at most other banks, including at the Americans that dominate the...
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Someone junior pinched your Wall Street job. Here’s what to do about it
Banks on Wall Street love their juniors. Finra data suggests a full 31% of people working for Goldman Sachs in NYC have less than three years’ experience. That’s a lot of up-and-coming talent. But as...
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Why hedge funds don’t have a clue about how to use their quants, AI experts...
Quants and data analysts may be locked in a battle for dominance with discretionary hedge fund managers, but those in traditional roles may secretly know that their days are numbered. “I’ve had billion...
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A Deutsche Bank MD on Wall Street quit to follow his passion
Will senior bankers leave Deutsche Bank after this year’s miserable bonuses, or won’t they? And if they don’t, will banks anywhere ever need to pay “acceptable” bonuses again? It’s a question that at...
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Morning Coffee: Why MDs might feel like leaving UBS now. High-end perks at...
Bonuses at UBS weren’t bad this year: headhunters say the banks‘ traders and investment bankers were mostly happy. However, senior people are leaving. You may not have noticed the exits because they’re...
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Want to work for Steve Cohen’s Point72 Asset Management? Learn how to code
Just because you have a first class economics degree from Harvard doesn’t mean that you’re ready to work for a hedge fund now. Graduates are usually missing one key ingredient – data science. Point72...
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Deutsche Bank has just made a major new M&A hire from Goldman Sachs
Suffice to say, Deutsche Bank’s hiring freeze means that not a lot of people are coming through the door, and ongoing cuts in its markets business have been disproportionately hard on its UK...
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“Lessons I’ve learned from working the brutal night shift at Lazard”
Back in the early days of the millennium, shortly after the internet bubble burst and before 9/11, I took a job at a French investment bank. I worked the night shift as a project assistant for Lazard...
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Why investment banks are hiring 20-somethings with this qualification, rather...
If you’re tossing up which qualification to go for to get a job in an investment bank, maybe an MBA is not the way to go. Instead, you might want to opt for a Masters in Management, which is still...
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How you can get a job in compliance on Wall Street
While financial services firms cut front office and support jobs, compliance remains a stalwart of expansion. With scrutiny from regulators – not to mention legal and reputational risk – at an all-time...
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Morning Coffee: Steve Jobs vs the world’s biggest hedge fund. The Snap IPO...
Both Steve Jobs and Ray Dalio were known for being harsh, demanding bosses. But while Jon Rubinstein was able to stick with Jobs for 16 years, he lasted just 10 months under the management of Dalio. On...
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A Morgan Stanley MD in London quit to become a partner at BCG in Frankfurt
Tim Jennison has left Morgan Stanley after 17 years. He’s not going to a rival bank. He’s not retiring to his native America. He’s going to become a strategy consultant- in Frankfurt. It’s all a bit of...
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Why I quit my London investment banking job to open an art gallery in Paris
Stephane Alizond spent nearly twenty years working in the City of London before returning to his native Paris, where he’s in the process of opening an art gallery. He didn’t leave London because of...
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Senior Barclays healthcare investment banker quits for RBC Capital Markets
For all Barclays’ efforts to gain market share in U.S. investment banking, senior people continue to leave for competitors. The latest departure is David Lauffer, a healthcare investment banker in New...
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J.P. Morgan equity analyst: “Why I’m better than the machines”
As quant funds outperform discretionary investors on the buy-side, human researchers on the sell-side should surely be worried. – After all, who needs their carefully considered advice when an...
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A Credit Suisse trader in NYC left for a fund in a Chicago suburb
If you’re going to leave an investment bank, this is the time of year to do it. Bonuses have been paid and hiring budgets have been renewed. Stock at most banks is also at a 12 month high, so if you...
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