Seven important things that JPMorgan’s results tell you about the banking job...
JPMorgan’s fourth quarter results are out for 2014 and the US bank has just embarked upon its accompanying conference call. In a busy week for U.S. banking results, JPM is the first U.S bank to report....
View Article‘My 7 is your 9 bro’ and the other most arrogant tweets from Goldman’s inside...
Famed Twitter handle Goldman Sachs Elevator (@GSElevator), the anonymous banker that feeds the world blush-inducing Wall Street banter, is finally looking to monetize his immense following. The...
View ArticleFinancial services firms lead the way in Singapore on hiring locals
Singapore’s tightening of the labour market in recent years has seen only minor tweaks in the regulatory environment to encourage employers to hire nationals. The impact, however, has been significant,...
View ArticleMorning Coffee: Labour Party wants immediate squeeze on RBS pay. Top M&A...
Investment bankers at the Royal Bank of Scotland don’t have much to look forward to come bonus time this year. As we reported earlier this week, their compensation per head is on track to decline by...
View ArticleHow to break into a quant role with little or no experience
Breaking into quantitative finance has become much harder in recent years, as the supply of candidates from academia, engineering and software development wishing to apply their skills in a more...
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The subtle bias locking high-performing women out of hedge funds
If you want to find a high-performing hedge fund, look to one without testosterone-clouding judgement – women-owned funds have once again outstripped their rivals, but are still struggling to raise...
View ArticleJPMorgan and BAML only hire gladiatorial juniors who can handle crazy hours
Banks are falling over themselves to protect their junior staff from long working hours. Goldman Sachs, JPMorgan, Bank of America and Credit Suisse have all introduced restrictions on weekend working....
View ArticleFour reasons why you should be working for Bank of America instead of JPMorgan
Today is the day of Bank of America’s fourth quarter results. Coming fast on the tail of JPMorgan’s fourth quarter results, they invite some comparing and contrasting. It looks like JPMorgan comes off...
View ArticleCitigroup’s commodities push continues with senior trader hire
Commodities traders have only been heading in one direction lately – out of investment banks. Major firms have been cutting back headcount, or pulling out of commodities altogether, and those that...
View ArticleRanking the most overpaid and underpaid jobs on Wall Street
Relative to the hours they put in, M&A analysts in investment banks are underpaid. They may seem perfectly happy to keep slogging away, but according to figures from compensation benchmarking...
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Morning Coffee: European equities businesses losing money. Senior male banker...
Equities sales and trading businesses had a good year in 2013. Bank of America, for example, managed to increase its equities sales and trading revenues by nearly 30%. Anyone might think equities staff...
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A handy visual guide to how the CFA can impact your career path
The CFA is not necessarily a direct route into a new job, but it could boost your career. Exactly what point in your career you decide to undertake the qualification could also have a bearing on its...
View ArticleBankers find themselves trapped by the need to earn a minimum of £250k
Bankers in the City of London are trying to curtail their spending to avoid the investment banking income trap which makes it impossible to quit the City and start a career in any other industry....
View ArticleWho will and won’t get paid for 2013 at Goldman Sachs
It’s Goldman Sachs’ fourth quarter results day. Cue excitement: after a bad third quarter, fourth quarter revenues were $1bn higher than expected. Net profits for the full year rose 8% on 2012....
View ArticleWhat makes Nugget Market a better place to work than Goldman Sachs?
Are you thinking of working for Goldman Sachs, which paid its average employee $384k last year and has employed the former designer of Disney theme parks as its real estate manager? Don’t bother....
View ArticleCredit Suisse: the bank more alluring to traders than high-paying hedge funds
Brevan Howard has traditionally been viewed as a high-performing hedge fund that only employs elite candidates. Traders have escaped the production line of investment banking for the potential riches...
View ArticleThe three most in-demand banking jobs in 2014
Hiring is expected to moderately pick up on Wall Street in 2014, although some sectors will be adding much more talent than others. If you are looking for a role where demand is nearly outpacing...
View ArticleNew Singapore crack-down on money laundering a boost to AML roles
News that Singapore’s government wants to bolster its anti-money laundering (AML) efforts is like to step up demand for professionals in this area. The authorities conducted a risk assessment at the...
View ArticleCiti’s Park Avenue bankers have reason to resent their colleagues in Canary...
Citi’s US investment banking business soared last year. Citi’s European investment banking business didn’t. The bank’s fourth quarter results, released today, show that Citi’s US-based Securities and...
View ArticleDaily Dispatches – Malaysian bank to hire 500 in Singapore
Malaysia RHB Bank will expand its Singapore business three-fold in the next two years by focusing on the SME (small and medium enterprise) business, wealth management as well as corporate and...
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