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Why investment banks reject you. And what you can do about it
If you’re young and unencumbered by work experience, it’s the season for applying to investment banks. All around the world, hundreds of thousands of young people are dispatching their applications for...
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Stan Chart rolls back to 2008 as Asia bears brunt of 15,000 job cuts
Standard Chartered’s rapid Asian expansion over the past seven years is now suffering an ignominious reversal under plans revealed in its third quarter results today. Stan Chart, which makes most of...
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UBS’s investment bank is blowing the rest out of the water, in two charts
UBS’s investment bank has been looking sharp for a while. Today’s results confirm that it is not just looking sharp, it is looking the sharpest. Why? Take note of the charts below. They will tell you...
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Morning Coffee: Why even UBS private bankers sometimes struggle to find clients
Boutique private banks in Asia have come under fire this year as experts point to their tightening profit margins compared to the larger players and predict further industry consultation along the...
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Six ways to build great relationships with finance recruiters in Asia
2015 has been a challenging year for the Asian banking sector. In amongst the hiring there’s been plenty of firing from the likes of Standard Chartered, RBS and Barclays. Changing jobs in Singapore is...
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Man AHL’s CEO on why you really must learn to code
If you want to work in financial services today, it helps to know how to code. Traders working in quantitative and electronic trading roles are increasingly learning to code and financial services...
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Where investment banks are recruiting in the U.S. now
Now is a good time to work in M&A in the US. Several sectors have seen record activity in 2015 and investment banks have started to increase compensation – particularly at the junior ranks – and...
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The weirdest chair at J.P. Morgan
In this era of post-industrial capitalism and advanced screen time, office seating arrangements have become fundamental requirements under Maslow’s hierarchy: if you don’t have a decent office chair,...
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Richard Herman from Deutsche Bank is not ‘walking the earth.’ He’s set up a...
Do you remember Deutsche Bank’s Richard Herman? The 44 year-old was global head of fixed income, currencies and commodities trading at Deutsche until he quit the bank in May. Back then, Herman declared...
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Here’s who makes MD at Goldman Sachs
By our reckoning, we’re about ready for a new set of managing director promotions at Goldman Sachs. The last time the firm promoted MDs was mid-November 2013. Now that promotions are biannual, we...
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Morning Coffee: The dramatic arrest striking fear into Chinese finance...
The world’s most notoriously risk-taking financiers have, by in large, hailed from Western countries – think Jordan Belfort, Nick Leeson, Kweku Adoboli, Jérôme Kerviel, Navinder Singh Sarao… Until now...
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Why you should never ask for a guaranteed bonus in Hong Kong and Singapore
This time last year banks in Singapore and Hong Kong were giving out guaranteed bonuses when they wanted to recruit urgently at VP level and above. Now the practice of compensating bankers hired in the...
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Blackrock just hired a martial arts guru teaching ‘the spirit of the warrior’...
Cailey Barker has just been hired by BlackRock as a director in its mining research team. He made the move after spending the past ten years as an equity researcher covering mining companies for...
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SocGen’s equities trading army isn’t doing so well
If you believe the blurb accompanying SocGen’s third quarter results today, you might think all’s fine in the French bank’s all-important equities business. “The Group saw an increase in its market...
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How to take maternity leave in investment banking, and still have something...
Can you take serious time out of an investment banking career and still have a job at the end of it? In theory, yes – banks are compelled to offer maternity leave and most say they support sabbaticals....
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Morning Coffee: The difficult dilemma facing Stan Chart staff in Singapore
Should you stay put and risk the axe falling, or should you move jobs and potentially take a pay cut? That’s the dilemma facing Standard Chartered employees in Singapore following the announcement...
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Yes, banks are still hiring ‘princelings’ in China
If nepotism exists anywhere in investment banking, it surely exists in China. Take J.P. Morgan’s recruitment of 25 year-old Joe Gao, son of the country’s Commerce Minister, or the appointment of Levin...
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What it takes to get a graduate job at a boutique investment bank
Only 4% of applicants make it into a full-time graduate training role in large investment banks. Those that do often have multiple internships combined with a technical degree from top university and...
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How to prepare for the case study in a private equity interview
If you’re interviewing for a job in a private equity firm, then you will almost certainly come across a case study. Be warned: recruiters say this is the hardest part of the private equity interview...
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“I left banking to become a holistic environmentalist and am now a City boy...
It’s probably not a line you hear too often: “I left the City, only to escape back to the City on my own terms.” The apocryphal story is that you make it in the City and then escape into the rural...
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