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Morning Coffee: Deutsche Bank is hiring and convincing bankers to stay....
Deutsche Bank is not yet rolling out large job cuts in its investment bank, but both junior and senior staff are leaving anyway. Understandably, Alasdair Warren, head of corporate and investment...
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How to keep your job through the 2020 financial crisis
As someone who worked in banking for 17 years and rose to become a managing director, I’ve seen a lot of change. If you’re working in financial services now you need to remember this: business and...
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HFT posts $1.5m loss, still pays $260k per head
High frequency trading firms don’t follow the same rules as investment banks when it comes to hiring and pay. Some have reported a drop in profits for 2015 – the latest available figures for HFTs in...
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13 factors to think through before you accept a job offer
If you’ve secured a job offer after an exhaustive application experience, it’s tempting to accept immediately. But you should take a deep breath and carefully weigh whether it’s the right decision for...
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Look before you leap: Should you really ditch investment banking for private...
Junior investment bankers in IBD are gaming their careers these days and, for most, it’s a simple track. Spend a couple of years at a bulge bracket bank, clock the hours, acquire the skills and then...
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The exodus at Tudor Investment Corporation has begun
Tudor Investment Corporation is downsizing. 15% of its headcount globally is set to go as it battles against $2bn of investor withdrawals. But in the UK, Tudor had been selectively hiring. Now, senior...
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J.P. Morgan has just hired a senior BAML banker for a private equity role
J.P. Morgan has just made a big hire for its infrastructure investment fund. John Lynch, who most recently worked at Bank of America Merrill Lynch, has just joined as a managing director. Lynch worked...
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Morning Coffee: Steve Cohen’s audacious bid to lure top traders. Banks are...
Point72 Asset Management, the family office managing hedge fund guru Steve Cohen’s money would like you to know that it’s not a hedge fund. It would also like you to know that, should you come to work...
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Boutique investment bank Hannam & Partners has been hiring
It’s not just junior investment bankers who are departing major players to join boutique advisory firms. Hannam & Partners, the boutique set up by former J.P. Morgan rainmaker Ian Hannam, has been...
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Seven ways to create the perfect investment banking pitchbook
If you’re a junior in M&A, pitchbooks are not just the bane of your life – they are your life. For all the talk of steep learning curves and increased responsibility, analysts and associates in...
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Wells Fargo has been quietly adding senior investment bankers in the U.S.
Wells Fargo CEO John Stumpf has resigned over the retail accounts scandal to be replaced by Tim Sloan, who – as well as being president and COO – also oversaw its wholesale division. And amid the...
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Morning Coffee: These hot tiny trading firms hire from Silicon Valley, not...
XTX Markets is one of the fastest-growing trading firms in the world, but it doesn’t have any human traders. Instead, it is hiring mathematicians and programmers to write trading algorithms and trading...
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Barclays and Deutsche Bank are still hiring here
Winter is coming, and hiring freezes are descending in the City and Wall Street. Barclays, which has managed to reduce headcount by 14,000 just by not hiring for nearly a year, and now Deutsche Bank...
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“MBAs haven’t fallen out of love with investment banking: it’s complicated”
You don’t need me to tell you that MBAs’ interest in investment banking careers has waned. The popular narrative is that investment banks to prefer to train their staff up from analyst level, while...
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The problem with working for an active asset manager now
It is no secret that many fundamental hedge funds and traditional asset managers have struggled of late. A toxic cocktail of underperformance, high fees, increased regulatory scrutiny and disruptive...
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Seven things J.P. Morgan’s Q3 results are saying about your job in banking
J.P. Morgan’s Q3 results suggest that investment bankers shouldn’t be feeling too pessimistic. If you work in JPM’s corporate and investment bank, the results were very good – its best Q3 ever, in...
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“I quit BlackRock at 24, to run my own $100m VC fund. Here’s how”
Millennials going into financial services jobs now often have a plan about what they want to do next, rather than an intention to move up the ranks. For Abbas Kazmi, that process started by accepting a...
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All those equities hires at Citi have yet to pay off
Citi’s build out of its equity trading division hasn’t been going to plan. Equity trading revenues are expected to be hit across most investment banks during this Q3 reporting season, but Citi’s 34%...
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This 24-year-old moved from the world’s biggest asset manager to raise a...
Millennials going into financial services jobs now often have a plan about what they want to do next, rather than an intention to move up the ranks. For Abbas Kazmi, that process started by accepting a...
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Morning Coffee: What happens if Deutsche dumps its U.S. investment bank? Pay...
Deutsche’s U.S. investment bank punches above its weight when it comes to fines and below its weight when it comes fees. The discrepancy hasn’t been a problem until now, but thanks to the crippling...
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