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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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Citi IBD analyst becomes latest to join growing PE fund
If you’re an investment banking analyst who’s looking for a job in private equity, ZZ Capital is still hiring. The Hong Kong-based investment firm just recruited Nico Haller from Citi for its London...
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The hottest new jobs for investment bankers going into fintech
Investment bankers appear to have found a new forte – joining big, established fintech firms in senior business development roles. Oliver Aitkens, a former executive director within Morgan Stanley’s...
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“Young people today are totally deluded about jobs in banking”
So you think you want to work in an investment bank? That’s nice. But do you really? Yes, you want the money, but do you have the faintest flicker of an idea what you’re actually signing up to here?...
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Forget the exits, Deutsche Bank just hired an MD from UBS
Deutsche Bank’s done it. It’s raised its $8.5bn in capital and now it’s going for “prudent growth.” So said CEO John Cryan in a letter to employees today. Accordingly, headhunters in London say...
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The big problem with big bonuses for hedge fund managers
Hedge fund managers chase big bonuses with the same enthusiasm as a labrador slobbering after a tennis ball, but the relentless pursuit of individual compensation is bad news for investors, employers...
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Morning Coffee: Goldman’s radical vision for Wall Street. The dark side of...
If you work as a salesman in investment banking, you might want to listen to what’s happening at Goldman Sachs. Marty Chavez, Goldman’s former chief information officer turned chief financial officer,...
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Goldman Sachs’ 30-something global head of FX derivatives trading has retired
Last year was a partner year for Goldman Sachs, and this usually means that the old guard makes way for new blood by ‘retiring’ from the firm before the promotions are announced. But, now that bonuses...
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Time to bring back the big “values” signs at Barclays?
When Jes Staley arrived at Barclays in November 2015, the large “values” signs plastered liberally around by his predecessor Antony Jenkins were taken down. Employees of Barclays’ investment bank gave...
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Deutsche Bank’s guide to the 3 best banking jobs now
Deutsche Bank is hiring in M&A in 2017, but the bank’s own assessment of opportunities this year suggests it might want to strengthen its debt capital markets business, its rates desks, or equity...
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The 30-year-old ex-traders trying to bring investment banks together using...
While the EU wrangles to tear apart the UK’s dominance as Europe’s trade clearing hub, two 30-year-old former traders have been spending the past six months trying to convince leading investment banks...
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These 40 year-old fixed income MDs are in big demand
Fixed income salespeople and traders are back in business this year. However, if high yield is hot in terms of market indicators, the hiring is happening in emerging markets. If you’re a senior fixed...
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This is what it’s really like starting out at a hedge fund
You have to pay your dues when you enter any industry, but starting out at a hedge fund has the reputation for being more difficult than the early stages of most jobs. The high pay for front office...
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“Stale male bankers can’t handle us attractive female juniors”
I don’t mean to sound prurient, but the men in banking are all on top. And as you’ll know if you’ve worked in the industry, the women in the industry are all below them. I quit banking earlier this...
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Morning Coffee: How to make banks pay you $110 an hour when you’re 50+....
It turns out that longevity in a finance career isn’t just about having clients who love you or always working in a sector of the industry that’s doing well. Getting paid in finance way beyond the age...
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