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Jamie Dimon tells MBA students that banking is still the place to be
Jamie Dimon may be talking up his own book, but he believes that MBA students should embrace the “dramatically” growing financial services industry when thinking about starting their career. Yes, MBAs...
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Morning Coffee: The reality for hot 20-somethings on the trading floor? How...
When investment banks sell entry level roles to eager 21-year-olds, it’s easy to believe they’re joining a country club. They’re told it’s all based on teamwork, the environment is “collegial” and...
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Data will decide whether you keep your banking job
They weren’t called discretionary bonuses for nothing. When banks decided how much to pay in the past, there was always a finger-in-the-air component – an estimation from a manager on how much was...
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The top 10 firms people on Wall Street want to work for
Goldman Sachs cut more employees in the U.S. in 2016 than it has for years, but its allure among financial services professionals remains undimmed. For the second year in a row, more financial services...
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Credit Suisse poaches top analyst from Jefferies months after tech banker raid
Call it some slight sweet revenge, but Credit Suisse has just hired a managing director in technology research from Jefferies, just months after Jefferies tried poaching a team of TMT bankers from...
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What associates and VPs at U.S. bulge-bracket investment banks on Wall Street...
Bonuses have been disappointing for most senior investment bankers on Wall Street, but firms are still feeling the pressure to keep their junior investment bankers happy. After all, private equity...
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The easiest graduate jobs to get into at J.P. Morgan
It’s not easy to get a job at J.P. Morgan when you graduate. In 2016, J.P. Morgan hired only 2% of graduate applicants to its investment banking division (IBD). While 50 graduates are chasing each J.P....
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Modelling marathons and trick interview questions: How to get through quant...
Quants are the new rock stars of finance, straddling a brave new world of big data and machine learning as computers take over. If you want to get in on the action, though, you’ll need to know how many...
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Another top Goldman Sachs quant has called it a day
William ‘Bill’ Fallon, chief investment officer of Goldman Sachs’ quantitative global macro division and one of the most senior quants in its asset management business, has become the latest...
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3 reasons J.P. Morgan jobs are the safest on the Street
Headhunters in London claim that J.P. Morgan is readying a few cuts in its investment banking division. That’s strange, because J.P. Morgan would like the world to know that it’s already in fine shape,...
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Morning Coffee: Bad thing happens to man who leaves Deutsche for big job. The...
If you work for Deutsche Bank you might want to leave. People are already leaving in Asia and headhunters say Deutsche staff everywhere are displaying a “higher openness” to finding work elsewhere. But...
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Another top ECM banker at Barclays has left, this time for Jefferies
What’s going on in Barclays equity capital markets (ECM) team? Over the past few months senior staff have jumped – either joining other investment banks, or setting up shop on their own. The latest...
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Senior female Goldman Sachs MD: If you want to make it to the top, act like...
You’ve heard about imposter syndrome and how to overcome it, and career advice housed in catch phrases like “fake it till you make it,” but some truisms are easier said than done. For example, if you...
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EU bankers leaving London find it’s all much nicer back home
Would you leave a senior trading job at J.P. Morgan in London for a freelance job with BNP Securities Services in Paris? Or a role as an associate with Moelis & Co. in London for a Portfolio...
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The new buy-side winners as big data takes over
Portfolio managers in asset management have the most to lose as the buy-side expands its investments in data mining and artificial intelligence. 90,000 jobs are expected to go across the sector, and...
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Morgan Stanley VP in IBD escapes to investor relations
By all accounts, it’s not easy being a vice president (VP) in an investment banking division (IBD). Goldman partner Alison Mass says the VP years were the worst of her career, “definitely the most...
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The fashion faux pas of finance interns, as recalled by senior bankers
If you’ve got an internship in an investment bank this summer and you read this site often, then you will already know about not wearing brown shoes or purple suits or short skirts or braces...
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This asset manager wants to do double the work without hiring more people
The days of large custodians employing thousands of fund accountants to process trades could be coming to an end if Northern Trust, which has $1 trillion in assets under management and $8.5 trillion...
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Morning Coffee: Strange geniuses given easy access to top jobs in finance....
Are you a mathematical genius with potentially limited social skills? You’re in huge demand in the finance industry today. Old-school fundamental analysts are out of fashion and the race is on to find...
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How to get a job at Goldman Sachs in Germany, by its co-CEO Jörg Kukies
Frankfurt is set to become a more important financial centre as investment banks formulate plans to move jobs out of London, and Jörg Kukies is a good man to know. Kukies is co-CEO of Goldman Sachs’...
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