Clik here to view.
The most exciting banking interns of 2017
Everyone knows that the people who achieve a place on investment banks’ summer analyst programs are impressive. If you don’t have a pile of top qualifications, you’re not going to get in. Most summer...
View ArticleClik here to view.
Can small quant shops compete with the big dogs?
Traditional, fundamental human traders and portfolio managers are being challenged by technology to a greater extent than ever before. As a smaller percentage of the hedge fund industry uses purely...
View ArticleClik here to view.
Morning Coffee: City bank serves staff food resembling frogspawn. The tiny...
Step aside Goldman Sachs with its competitive omelet station: There’s a new healthy banker foodstuff on the block. It’s fine, as long as you don’t look at it too closely. The food in question is a...
View ArticleClik here to view.
Why you should stay in banking until you’re 34 (at least)
Is there really any point of going into banking nowadays? After all, the hours are still long, the people are mostly identikit uber-achievers (with a few exceptions), and the pay is lower than it used...
View ArticleClik here to view.
How to convert your IBD internship: advice from ex-analysts
So, you’ve got yourself a summer internship in an investment banking division (IBD)? Congratulations, but…you haven’t got the job yet. It’s not unheard of for banks to hand out only 1-3 offers for...
View ArticleClik here to view.
Pay at a top high frequency trading firm is falling
High frequency trading firms are supposed to pay well. After all, they don’t need many actual people – algorithms place trades instead of human beings, and the few humans that write and manage the...
View ArticleClik here to view.
Another senior Goldman Sachs trader quit today – allegedly for UBS
Leaving Goldman Sachs and joining UBS is becoming a theme this year. As we have variously reported, the Swiss bank appears to be rebuilding its fixed income capabilities with salespeople and traders...
View ArticleClik here to view.
Why the top jobs in finance will go to gig workers
The crowdsourcing model for developing trading algorithms has gained traction on the buy side and is picking up momentum. Just as Uber and Airbnb have disrupted their respective industries, it is only...
View ArticleClik here to view.
Morning Coffee: These are the kinds of people who really make it at Goldman....
If you want to make it to the top of Goldman Sachs, you’ll need to be a dedicated team player ready to subjugate yourself to the whims of the firm. Right? Not exactly. While these qualities will surely...
View ArticleClik here to view.
A Citi analyst is allegedly charging students $6k for advice
If you’re an analyst in a front office job with an investment bank, you’re probably doing pretty well for yourself. Emolument.com, the real time salary benchmarking site, puts the median and salary and...
View ArticleClik here to view.
Big hedge fund increases profits by 330%, cuts staff
If an investment bank posted a 332.5% increase in profits, you’d expect it to bump up pay and indulge in some celebratory expansion. But things don’t work that way on the buy-side. A case in point is...
View ArticleClik here to view.
Here’s how much less you’ll get paid in operations in a bank
You’re being offered an operations job in an investment bank. In banking vernacular, you’re being given the chance to work in the “back office” on the infrastructure that helps the “front office”...
View ArticleClik here to view.
Citadel has just hired a new head of artificial intelligence from Microsoft
Hedge funds seeking artificial intelligence expertise need to cast the net wide these days, due to a shortage of people and a massive uptick in demand over the past 12 months. Citadel has just turned...
View ArticleClik here to view.
LBS is helping finance professionals fill urgent skills gaps. Here’s how
Priya Mistry has a demanding but rewarding job at London Business School (LBS). As portfolio director for finance, it’s her role to ensure that LBS’s Executive Education programmes are as relevant and...
View ArticleClik here to view.
Morning Coffee: So, banking is the ideal career for sycophantic masochists?...
The Financial Times has identified a peculiar anomaly among employees of one of the world’s top investment banks: on one hand, they don’t especially like their jobs, on the other they idolize their...
View ArticleClik here to view.
Brevan Howard bites the bullet on senior quant hire
Headcount at Brevan Howard has been heading down this year, as Alan Howard’s hedge fund deals with fund outflows and ongoing poor performance. However, like most hedge funds, Brevan Howard appears...
View ArticleClik here to view.
KKR has been stocking up with juniors from GS and JPM, again
The ‘Goldman Sachs of private equity’ has been hiring junior bankers in London. And guess what? It likes to hire from Goldman Sachs. Or, maybe…J.P. Morgan. KKR’s most recent London hire is drawn from...
View ArticleClik here to view.
Point72 has been ramping up junior recruitment in London
Steve Cohen might be prepping a massive new $20bn hedge fund, but the build out of his ‘family office’ Point72 Asset Management in London continues and is focusing on junior recruits. After an initial...
View ArticleClik here to view.
Meet the senior City lawyer who says a hard Brexit is no big deal
If you know your hard and soft Brexit, you probably also know your hard and soft Brexit-related banking job losses in the City of London. Oliver Wyman thinks up to 100,000 City jobs could be affected...
View ArticleClik here to view.
12 ways junior bankers mess up their job search
While investment banks start to welcome the new class of summer analysts, those with a few years’ experience under their belts may be looking for their first lateral move. So-called ‘first bouncers’...
View Article