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Why it’s all downhill for traders after 30
Trading is a young man’s game. At UBS, most people on the trading floor are under 30, and this is making CEO Andrea Orcel nervous. All the central figures spectacular recent scandals – rogue traders,...
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Don’t blame bankers for the financial crisis and its aftermath
If you’re the kind of person who thinks that the neo-liberal agenda is to blame for the world’s ills and that capitalism should be abolished, you could claim that Adair Turner is an insider and...
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My 5 pieces advice for anyone else who wants to move from banking to private...
If you want to get out of banking and into private equity, you’ll know that it’s not easy. Private equity funds typically have a choice of 200-300 young investment bankers for each of their roles. They...
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Here’s how Credit Suisse will hire hundreds of new bankers in Asia
Credit Suisse is set to add hundreds of new bankers to its wealth management team in Asia and speed up the pace of its recruitment. But it won’t just be tapping experienced talent from rival private...
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How to think like a financial services recruiter
If you want a plum banking job, recruiters can be unavoidable: getting on their good side matters. However, banking recruiters are bombarded with more candidates than they can handle, so you’ll need to...
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Has UBS become the best European bank to have on your CV?
Now that Credit Suisse is eviscerating its London-based investment bank and Deutsche Bank is possibly about to do the same, is UBS the best European investment bank in which to situate yourself? UBS...
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How to start a hedge fund
With prop traders being forced out of investment banks because of the Volker Rule, starting a hedge fund has become an increasingly popular option. But most hedge funds don’t last long, and getting one...
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“You say junior bankers have no right to complain? You don’t know what you’re...
So, according to a reporter called Jenny Anderson, junior bankers have no right to complain about their working conditions. Jenny says we chose this life and we get all sorts of perks for our pains: we...
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Should young Chinese bankers get out of China?
For years, Greater China has been the growth magnet for investment banks of the world. Global investment banks and their subsidiaries and joint ventures have been present in the country for at least a...
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Morning Coffee: Deutsche Bank to cut 40-50% of its staff? J.P. is Morgan...
If the Financial Times is right, something very bad is afoot at Deutsche Bank. The paper says CEO John Cryan has told ‘colleagues’ that there’s no reason why the bank’s 100,000 staff globally can’t be...
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Who Credit Suisse is hiring in London now
Credit Suisse is cutting back in London. It’s refocusing its efforts on wealth management, views Asia-Pacific as the growth region and any investment banker must demonstrate their ‘synergies’ with the...
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10 ways to become indispensable when costs are being cut
It’s happening again. Banks are cutting costs. And this time they’re not just tinkering at the edges – they’re going for wholesale dismemberment. Witness Credit Suisse, with its 30% staff cuts in...
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Has Deutsche Bank decided its $7k technologists aren’t worth the hassle?
When Kim Hammonds arrived at Deutsche Bank in November 2013, she had a plan. “Instead of making big organizational changes when I first get into a new role, I try to optimize what already exists,” she...
View ArticleCFA, MBA, Masters, CAIA, ACA or PhD: what do private equity firms want?
Private equity firms like to hire winners. They want the elite investment bankers and graduates who can demonstrate the sort of qualities that will set them apart from the 300 other applicants. This...
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How much do high yield bond origination jobs pay?
2015 hasn’t been a happy time for high yield bond origination professionals in Europe, the Middle East and Africa. Year-to-date, information provider Dealogic says the value of new bonds issued is down...
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Where to find an investment banking job in Hong Kong or Singapore before...
It’s the depths of the fourth quarter – a time when global banks in Asia are planning their hiring for next year rather than opening up new roles. Meanwhile, at some firms – Deutsche Bank, Credit...
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Morning Coffee: ‘Skilled’ trading jobs under threat. How to boost your salary...
While the ranks of equity traders in investment banks have long been decimated by algorithms, and hundreds of prop traders have been forced out by regulation, corporate bond traders have remained...
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For Jes Staley, a graphical history of values buzzwords at Barclays
Having survived his mauling by the grey panthers, Jes Staley is indeed to become the new CEO of Barclays. Tomorrow’s Barclays results presentation suddenly looks like being a lot more exciting. In the...
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The safest jobs in hedge funds now
Big hedge funds are shutting up shop, smaller firms are struggling to survive. The exodus of prop traders from investment banks has led to a surplus of talent on the market, assets under management are...
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How to avoid losing your banking job to a robot, by McKinsey & Co.
The notion that robots are coming for banking jobs is nothing new. In areas like G10 spot FX trading, they’ve come already. If fear of ‘electronification’ is keeping you up at night, however, you...
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