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Why banks reject you when you apply direct
It’s normal to be rejected by an investment bank. Goldman Sachs famously rejects 96% of the people who want junior jobs there. Morgan Stanley rejects 98% of those who fancy spending their summer at its...
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Where to work as a trader if you want to avoid the robots
Robots are coming for traders’ jobs, ‘Electronification’ is pushing into all corners of the market and human beings are being rendered either obsolete or relegated to roles as technicians or stewards...
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How to beat investment banks’ psychometric tests
Investment banks have opened up their graduate programmes to applications. This means it’s time to perfect your CV, understand what it takes to get through the application form and highlight...
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Remember when IBD analysts at Citi requested subsidized underwear?
This year’s investment banking analysts are finding their feet in an environment which may be turning increasingly hostile. However, they are at least benefiting from big banks’ concerted efforts to...
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Morning Coffee: The bank with six bankers is now hiring in Hong Kong
How small is a small headcount in Asian private banking? Well, last month BMO (the global arm of Bank of Montreal) announced its intention to expand in Asia from a base of just 20 relationship managers...
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The jaded, jet-lagged existence of senior back office staff in Singapore and...
Not so long ago senior back office managers in Singapore and Hong Kong enjoyed a secure, settled – if boring – existence. Global banks had all-encompassing operations centres in the two cities and...
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How much does private equity pay in China?
There are no shortage of reports on pay at investment banks in China. Pay at private equity (PE) firms in China is a different matter, however. – China’s PE industry is young and information is hard to...
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Goldman Sachs interview questions, the definitive list
You’ve landed an interview with Goldman Sachs. Well done: you’re in a serious minority. What should you expect? Goldman Sachs has a reputation for interviewing people until it hurts, so if they like...
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Are these the best investment banks to work for on Wall Street?
If you’re working for an investment bank on Wall Street it helps to know what your peers think of your employer. Working for the most sought-after bank on the street can only enhance your career...
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Fintech pay, myths and realities
If you’re leaving financial services to work in a financial services technology (‘Fintech’) start-up, you’re probably not expecting to get rich right away. – You’re probably expecting to ‘follow your...
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Morning Coffee: Asian investment bankers depart as Credit Suisse recruits in...
While Credit Suisse continues to hire in Asian private banking, its investment banking arm in the region has lost several senior staff. Five experienced investment bankers are departing Credit Suisse...
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The art of avoiding apologising, even when you say sorry
The recent slump of China’s stock market has caught out a lot of fund managers, leading to some soul-searching and apologies from some of the most prominent money managers in the country. Among them is...
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The real reasons people love and hate working for Goldman Sachs, J.P. Morgan...
As we reported yesterday, a new guide to the best Wall Street banks to work for has been released by Vault. Blackstone comes out top, even though – as has been pointed out – it’s actually spinning out...
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This is what happened to the last people who went to work for Edward Eisler
American-born Edward Eisler is hot. He is one of the smartest people you’ll ever meet, according to those who’ve met him. He retired from Goldman Sachs aged 42 and describes himself as an investor and...
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Where will you get paid the most in risk?
Risk management has recently transformed itself from a support function to one which is at the forefront of banks’ strategic proprieties. Professionals working in risk now enjoy more decision making...
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Deutsche Bank interview questions, the definitive list
You’re interviewing with Deutsche Bank. What should you expect? As with most banks, you should prepare for multiple rounds of interviews, detailed questions on your CV, detailed questions about the...
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Stan Chart names Singapore CEO, Credit Suisse loses (several) senior bankers
As Singaporeans go to the polls today (and enjoy a public holiday in the process), here are some of the key moves in Singapore and across Asia over the past week that we think you need to know about....
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Can you solve this fiendishly difficult hedge fund interview question?
Hedge fund interview questions are tricky. They involve maths, logic and reasoning. Here is an example that was given by a former Wall Street hedge fund trader. See if you can solve it. It’s called...
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Which sort of investment bank would you to work for? Choose from these 4 types
There are investment banks and there are investment banks. Just because you work in the industry, that doesn’t mean you’ve entered a realm of bland conformity and strategic universality. All banks are...
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So, Nomura just made all these senior markets hires…
Something is seemingly going on at Nomura. Having made 60 redundancies in August, mostly in credit sales and trading and especially in high yield, it looks the Japanese bank is bulking up other parts...
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