COMMENT: How to pretend to be a team player when you work in finance
If you want to get ahead in a bank, you will need to be known as a team player. Every appraisal at every firm I’ve ever worked for has included a review on my for enthusiasm for contributing to the...
View ArticleMorning Coffee: The bank designed for bankers who remember the old days (and...
Are you an M&A banker who remembers the vibe of 2002 to 2006? Do you resent the traders and the structurers who blew-up the industry in 2007 and 2008? Do you entertain dreams of the days when pay...
View ArticleHuman Centred Design can help financial services firms differentiate from...
Opher Yom-Tov, chief design officer at ANZ, believes design can be a powerful tool for business growth. He is particularly focused on human centred design, which emphasises understanding the customer...
View Article10 questions you will be asked in systematic trading interviews
So you want to be the sort of systematic trader who designs trading strategies for banks or hedge funds using algorithmic trading models? This is what you can expect to be asked at interview. 1....
View ArticleDid it get too easy to get a job at Goldman Sachs?
Has Goldman Sachs dropped its standards? The firm itself would undoubtedly argue that it hasn’t, but some veteran Goldmanites and people exiting the firm suggest that it has. At issue is the constant...
View ArticleThe secret to avoiding an early death when you work in finance
It shouldn’t come as much of a surprise that middle-aged investment bankers are statistically more likely to be at early risk of heart disease. Working 70-hour weeks while remaining sedentary behind a...
View ArticleThe ultimate investment banking interview cheat sheet
We were able to get our hands on a cheat sheet of actual interview questions asked of prospective investment bankers. The questions were compiled by MBA students at the University of Virginia Darden...
View ArticleEx-Credit Suisse hires said to be rocking the boat at Mizuho
It’s not easy working for a Japanese bank in London right now. Nomura has already made one big round of redundancies and is rumoured to have another round to come (amidst its upgrading). MUFG insiders...
View ArticleMorning Coffee: Goldman Sachs employees obliged to play nice with each other....
Perhaps the most scarring result of the 2008 economic collapse for Goldman Sachs was all the talk about how the bank, at times, didn’t seem to always have its customers’ best interest in mind. All that...
View ArticleNow Deutsche Bank lost multiple members of its real estate team
There’s been another rush of exits from Deutsche Bank’s investment banking division. This time it’s real estate (rather than FIG) and many of the escapees are thought to be reconvening at Jefferies....
View ArticleData scientists and technologists are trapped by hedge funds’ horrible...
As we reported last month, Point72 has parted company with David Loazia, its former chief data scientist. Loazia left the hedge fund at some point in the past few months. Don’t expect him to turn up...
View ArticleJPMorgan and Citi’s results say the same bad thing to people in their...
Today is the day. JPMorgan and Citi are the first banks to divulge just what went on in the three months to October and in the first nine months of this year. If you’re an employee in JPMorgan’s...
View ArticleDavid Solomon’s opening salvo to Goldman Sachs employees
As we noted earlier this morning, based on reporting from Bloomberg, incoming Goldman Sachs CEO David Solomon launched a new initiative on his first day on the job aimed at wooing and better serving...
View ArticleCOMMENT: My bank is unfairly penalizing me for not being a charity volunteer
I am a technologist at an international investment bank. My job is to help the bank create best in class technology systems that will allow it to make money. And yet for some reason, I am being...
View ArticleMorning Coffee: The new bank CEO who may have anger issues. M&A banker goes AWOL
The rumblings concerning Andrea Orcel and his polarizing personality began almost immediately after UBS’s investment banking chief agreed to become the new CEO of Spanish bank Santander. One anonymous...
View ArticleThe head of EMEA equity sales quietly left Bank of America Merrill Lynch
Michel Sindelar, the former head of Eastern Europe, Middle East and Africa (EEMEA) equities sales and then EMEA distribution at Bank of America Merrill Lynch (BAML), has left the bank. Sindelar is...
View ArticleDeutsche Bank’s head of UK financing said to leave amidst ongoing bonus fears
Following last week’s exodus from the Deutsche Bank real estate team and the previous exits from the financial institutions group (FIG) team, Deutsche insiders say there’s been another resignation....
View ArticleCOMMENT: Why you will lose your girlfriend/boyfriend in your 1st year in...
So, another analyst friend of mine has broken up with her boyfriend. I’m not surprised: almost everyone I know has broken up with their girlfriend or boyfriend in the first year of a banking career....
View Article‘One colossal eyeroll’: CEO Solomon brings Goldman Sachs to Brooklyn at DJ show
As a DJ and music producer based in Brooklyn, I’ve played and seen hundreds of local shows. Saturday night was certainly a new experience. Opening for veteran DJ Paul Oakenfold was someone I’ve never...
View ArticleOne of Goldman Sachs’ ex-top strats set up a little advisory business
Remember Bobby Vedral? He’s the former Goldman Sachs partner who managed cross asset global market strats for Goldman’s securities division. Vedral left Goldman in March and has just turned up running...
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