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Deutsche Bank managing directors in the U.S. depart for competitors
Deutsche Bank has been shaking up the upper echelons of its investment bank on Wall Street and senior bankers have departed. However, managing directors are also taking the opportunity to depart for...
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My advice to John Cryan if he wants to stop his best bankers leaving
John Cryan needs to get creative. In 12 months, Deutsche Bank’s stock has fallen 52%. Managing directors at Deutsche Bank might be on high salaries but their stock bonuses have halved and the chances...
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MBAs are still hot on Wall Street, but is it really worth the investment?
As MBA recruitment has dropped off among banks in the U.K., banks in the U.S. are still the biggest hirers of MBAs, despite the overall headcount reduction in the industry in recent years. It’s...
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When management consultants struggle to keep staff after a merger and when...
2015 was a bumper year for M&A activity in the management consulting sector: There were 384 deals globally, compared with just 143 in 2014, and most of those happened in the buoyant U.S. market....
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Morning Coffee: Citigroup’s budget method of enthusing analysts and...
Young bankers are not just interested in money. Yes, you get paid inordinately well as a 20-something in an investment banking division, but who cares if your job seems devoid of meaning? Anecdotally,...
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Pay for junior bankers in London down 30% in 10 years thanks to declining pound
Forget racism. Forget the UK government’s disparagement of the “international elite,” forget opportunistic layoffs in the junior ranks. There’s a new reason why young EU nationals might want to avoid...
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Ex-J.P. Morgan, BAML VP in London joins Saxo Bank in Denmark
One swallow does not make a summer and one vice president leaving a tier one bank in London for a tier four bank back home does not amount to a post-Brexit exodus. In light of current events, it is –...
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“You can handcuff junior traders to radiators. They’ll still leave”
My MD friend from equities was unhappy: it was early in the year, bonus payments had cleared and a rival firm had poached another of his VP-level traders. “This time of year I flinch every time one of...
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The cover letter template that will get you a job in banking
Do you really need to write a cover letter when you’re applying for a job in an investment bank? These days, it’s surely all about the skills in your CV – who’s got the time to read that extra blurb...
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The Executive Master in Finance that takes you out of your comfort zone
Barnaby Matthews had already been working in banking for 16 years when he decided he still needed to learn a lot more about the sector. “By 2014 I’d become very specialised. I’d always been in equity...
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Morning Coffee: So, these are the victims of Credit Suisse’s newest cuts. Why...
It’s happening. We reported a few weeks ago that a new round of layoffs was imminent at Credit Suisse. The victims are slowly becoming apparent. They include prime broking professionals. They include...
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Meet the junior bankers quitting banks like BAML for boutiques
Big banks are trimming their analyst and associate classes in investment banking – so say London’s investment banking recruiters. Simultaneously, we hear that London’s top M&A boutiques are hiring....
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Operational risk jobs have Basel IV to thank for big pay rises
While banks bemoan the impact of Basel IV on their bottom lines, anyone occupying an operational risk job has risen to be thankful for the new regulations. Operational risk managers have benefited from...
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Want to work for Deutsche’s ex-top bankers on the buy-side?
If you’re a managing director at Deutsche Bank now, you might be feeling a little trapped. Don’t be. Cast your eyes across to Deutsche’s former global head of rates, to its former global head of...
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Five reasons quantum computing is the future for traders
Quantum computers are the wave of the future in trading and investment management, and savvy bankers and quantitative hedge fund professionals are already using them to solve some of the hardest...
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Morning Coffee: Why banks don’t hand power to their precocious 26 year-olds....
If you’re frustrated with your speed of progression through the ranks of an investment bank and you think you’d rather work for a technology firm where the hierarchy’s less rigid, there’s less...
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Changes at the top of Barclays investment bank technology team
Call it new chief information officer Mark Ashton-Rigby making his mark at Barclays after joining in August, or call it a case of Barclays’ continued cutting of senior figures in its investment bank....
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This is what it takes to get hired as a junior by Point72 Asset Management in...
Point72 Asset Management has acknowledged that there’s a huge shortage of talent in the hedge fund industry right now, but this doesn’t mean it’s easy to get through the door. The family office...
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As Morgan Stanley, VTB and Citi make Brexit threats, boutiques are building...
The sky might not be falling in on the City of London immediately, but the fissures are starting to make themselves felt. Citi, Morgan Stanley and Russian bank VTB each made distinctive noises about...
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Senior Barclays investment bankers resurface at new gigs in the U.S.
Due to a range of factors, including the perceived need to cut costs and Brexit anxieties, Barclays isn’t doing much hiring these days. It’s also no surprise to see senior bankers depart for...
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