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Everything you thought you knew about finance careers is wrong, by Morgan...
It’s become accepted wisdom to say that asset management careers are good and investment banking careers are bad, that ‘electronification’ is eating traders’ dinners, that Goldman Sachs’ strategy is...
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Morgan Stanley explains why fixed income traders will never get paid again
So you thought fixed income salaries and bonuses were only temporarily depressed? Look at the chart below (taken from Morgan Stanley’s giant new banking report). Weep. Back in 2007, some senior traders...
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Why hedge funds still crush asset managers on pay
Both hedge funds and asset management firms hire a handful of graduates each year. Breaking into either sector requires excellent academics, multiple internships and a level of persistence that usually...
View ArticleMorning Coffee: Credit Suisse struggles to find enough bankers in Asia
Last week we predicted that Credit Suisse would want to hire more relationship managers (RMs) for its Asian private bank, but that bringing them on board would be the hard part. Now the bank’s talent...
View ArticleBill Winters: Saviour or axeman for Standard Chartered?
Peter Sands is now keeping the chair warm for Bill Winters for when he takes the reins at the helm of Standard Chartered in June. Activist shareholders have their wish and the well-respected Winters...
View ArticleForget 15 job cuts, Goldman has 5,000 people in Asia and bankers are queuing...
If you want a job at Goldman Sachs in Asia this year, avoid Singapore-based advisory roles. Job losses since January have seen the firm’s investment banking team there shrink from 45 to 30 staff. These...
View ArticleCredit Suisse gets tough on senior staff, and other key facts about pay
If you work for Credit Suisse and were hoping to fly beneath the regulatory radar, it’s a day of bad news. The number of Credit Suisse employees defined as ‘code staff’ has swelled by nearly 300 people...
View ArticleThe new best route from investment banking to private equity
If you’re the sort of person who likes to plan your career years ahead, we have a tip for you. Go into real estate. Now. You could guarantee yourself an illustrious future in private equity. “Between...
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What it takes to make it to the top in investment banking
It’s been all change at the top with the M&A divisions of a lot of large investment banks in the past few weeks. Barclays, Credit Suisse, Goldman Sachs and J.P. Morgan have all shaken up their...
View Article“Nothing has changed,” says ex-senior banker whose children are now working...
Lest you were thinking that banks’ many and varied initiatives to curtail crazy working hours have completely transformed the industry and led to everyone going home at 6pm – if not sometimes 7.30pm,...
View ArticleMorning Coffee: Why playing hiring catch-up is tricky in China
It’s hard enough to make money in Asia investment banking and it’s doubly tough if you’ve previously concentrated on the wrong type of clients and now want to hire bankers to help you play catch-up....
View ArticleBehold the firms in Asia still hiring in this struggling sector
If you’re searching for a commodities trading job in Singapore, you will find scant opportunities at the city state’s banks. Commodities trading houses are your best bet, particularly if you’re a...
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The 11 worst jobs in investment banking for 2015
This year’s hot banking jobs are common knowledge. They are, in no particular order, compliance, compliance, compliance, cyber-security, M&A juniors and – seemingly – real estate investment...
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A chart explaining where the next financial crisis will come from
‘Come the next financial crisis, you will not be able to escape to the buy-side, brother. You will not be able to quit banking, continue to get paid, and work for a friend’s hedge fund. You will not be...
View ArticleThe qualification enhancing private equity job prospects
Getting an entry level job in private equity is notoriously competitive. Most firms hire junior investment bankers after a couple of years’ experience, and even then they only want the cream of the...
View ArticleSo you still want a guaranteed bonus to change jobs on Wall Street, or in the...
Guaranteed bonuses still exist. Just look at the compensation reports of Credit Suisse or UBS: both are still paying people defined bonuses to switch employers. But guarantees are not what they were....
View ArticleMorning Coffee: Why you owe your banking job to Lee Kuan Yew
If you’re a finance professional in Singapore, it’s worth remembering that, ultimately, you owe your job to Lee Kuan Yew. Singapore’s founding Prime Minister, who died yesterday, led his country for...
View ArticleMeet the bankers with the clients that banks in Singapore are now desperate...
BNP, Credit Suisse, Morgan Stanley and UBS all want to hire more private bankers in Singapore to service wealthy mainland Chinese clients. And demand for China-coverage bankers in the city state –...
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Deutsche Bank now has 2,057 investment bankers earning an average of €1m
Deutsche Bank’s investment bank is now awash with ‘material-risk-takers’ (MRTs) – employees who fall under the most onerous regulatory pay restrictions – and they’re expensive. A 124% increase in...
View ArticleWhy banking recruiters are ignoring you
Trying to speak to a finance recruiter can be a bit like communing with a teenager: they respond to messages infrequently and then only when they want something; their phones often seem to be switched...
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