“I’ve worked in M&A in London & Frankfurt. This is the difference”
If you live and work in banking in London, you probably don’t want to leave. – Especially for Frankfurt, which has a bad reputation among some people in the “City.” Personally, I’ve worked in M&A...
View ArticleHow Madoff inspired an ex-Salomon and UBS investment banker to launch a...
David Shulman was an investment banker for more than 30 years and never came into contact with Bernie Madoff, but he was inspired by the notorious fraudster – as well as his own experience dealing with...
View ArticleFurther reports of big buybacks when people try leaving Deutsche
As we reported a few weeks ago, Deutsche Bank is said to be averse to people leaving: if the German bank likes you and you get an offer from a rival bank, it might bid you back for significantly more...
View ArticleThe one place to work in investment banking now
Investment banks have stopped making massive cuts to their fixed income divisions, but there’s only one place where they’re really hiring – credit trading. “There’s not a single investment bank that’s...
View ArticleMorning Coffee: The quirky $650k job that doesn’t require a degree. How to...
Chances are that if you’re working for an investment bank, hedge fund or private equity firm, you’ll be highly-qualified (or at least attended a top university) and towards the upper crust of society....
View ArticleThe Brexit effect on competition for banking jobs in London
If you’re an experienced professional looking for a London banking and finance job in 2017, the Brexit referendum result has its advantages. It’s helped dissuade overseas candidates from applying....
View ArticleI’m taking the CFA exam next week. This is what I’m doing to get through it
The Chartered Financial Analyst (CFA) exam day is June 3. Here’s some advice from a Level II candidate, a Level III candidate and a CFA charter-holder for what you should be doing right now and on exam...
View ArticleTop traders are leaving BNP Paribas as the bank hires from Goldman Sachs
BNP Paribas is losing senior traders as it swaps staff with Goldman Sachs. Headhunters say the French bank is parting company with Asa Atwell, its global head of G10 FX trading. At the same time, BNP...
View ArticleMeet the ex-Goldman Sachs strats trying to tackle the biggest problem facing...
Leo Labeis spent his final year at Goldman Sachs leading the bank’s efforts to comply with the long and sprawling requirements of MiFID II for its global markets business. As the deadline looms next...
View ArticleDo you really want to be a C# developer in a bank now?
Once upon a time, C# developers in investment banks were it. Banks used windows-based systems for their user-interfaces and they used window-based systems for their servers. If you could code fluently...
View ArticleMorning Coffee: The 27 year-olds getting 3 hedge fund offers a week, and how...
Is it a while since someone called you to offer you a new job? Since a recruiter gave you a special gift? Since your employer gifted you tickets to a sold-out show? You’re in the wrong area of finance....
View ArticleThe perfect CV for a career in trading
If anyone needs a highly polished CV these days, it’s traders in investment banking. Juniors are taking over the trading floor, and even recent increases in revenues haven’t resulted in much more...
View ArticleAs Credit Suisse rebuilds in equities, its best traders eye Blackrock
2017 is a year of change for Credit Suisse’s under-performing equities business. In Mike Stewart and Stuart McGuire (and now Michael Di lorio) the Swiss bank is bringing in three well-established,...
View ArticleSenior Goldman e-trader returns to the bank after eight years at J.P. Morgan
Can you ever go back to Goldman Sachs after you’ve left the ‘firm’? Yes, actually. The head of electronic trading for J.P. Morgan’s commodities business, who joined the bank after 20 years at Goldman...
View ArticleWhy quants don’t (always) want to work for banks
Chung (a pseudonym) is leaving Goldman Sachs’ strats team. After several years with the firm, he’s had enough. He’s going to try his luck with a hedge fund, or a fintech. Anything but a bank. Chung was...
View ArticleWhy wealth management is moving away from “sink or swim” to target millennials
Back in the day, you’d end up in wealth management because of the people you know. If you were lucky, and had rich connections that you could persuade to invest their assets with your employer, then...
View ArticleMorning Coffee: Meet the grumpy 40 year-old bankers blocking juniors’...
It’s hard to get promoted in banking. As a recent study by financial consulting firm Quinlan Associates made clear, most bankers get stuck at around vice president (VP) level. Plenty of them leave. Who...
View ArticleThe toughest fighter on Wall Street is now working for a tiny hedge fund in...
Sean George would like you to know, in a casual sort of way, that he knows a lot of people in the Ultimate Fighting Championship (UFC). The softly spoken American, and 21-year Wall Street veteran,...
View ArticleHow the laid off 40-something traders came back into fashion
If you’re a 40-something salesperson or trader fearful of losing your job, don’t be. You might spend a 15 months tending the garden or playing golf or running a pub, but they’ll want you back one day....
View ArticleYou’ll know your finance career has failed when…
Should you stay in finance? Or should you try your hand as an entrepreneur, or employee of a mid-size technology firm, or work for a clothing company? Finance can be a great career. Over 18 years, it’s...
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