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RBS’s investment bank is doing some huge hiring. Just not where you might expect
It’s surely a bad sign for anyone who still aspires to work in a trading job at RBS, that when you look at the bank’s own careers website there’s no category for the corporate and investment bank: the...
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How to sail through a compliance job interview
If you work in compliance right now you probably consider yourself eminently able to find a new role almost at will. But while compliance professionals are undoubtedly in demand, interviewing for a job...
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RBC’s junior bankers have been given a heads-up on bonuses. And they look...
When it comes to bonuses, Royal Bank of Canada (RBC) is a bit of a leading indicator. The Canadian bank doesn’t report its fourth quarter results until December 2, but in the meantime recruiters say...
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Senior banking salaries in London must rise by £200k, soon
The worst has happened. As feared, the European Banking Authority (EBA) has passed judgement on banks’ use of ‘fixed allowances’ to dodge the European bonus cap, and its judgement is not good. You can...
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Morning Coffee: More Asian investment bankers to leave Stan Chart?
Last week we reported that jobs in Standard Chartered’s corporate and institutional businesses in Asia were particularly at risk under the bank’s new plans to cut 15,000 jobs. The firm is refocusing...
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14 ways to get back into a banking job in Hong Kong and Singapore
You’ve lost or are about to lose your banking job at Standard Chartered, Barclays, Deutsche Bank, or RBS in Asia. Bad timing. With several European banks cutting roles in Singapore and Hong Kong right...
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A chart suggesting investment bankers in Frankfurt receive surprisingly large...
If you’re based in London or New York, Frankfurt may seem a mere backwater to your raging torrent of global deals and liquidity. That may be so, but to write-off Frankfurt bankers as provincialists...
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Meet Dan Avery, the new 28 year-old MD at Goldman Sachs
Goldman has a history of promoting young traders to managing director. Kunal Shah, who was bumped up to partner last year, was 27 when he made MD. Dan Avery, an index trader in London, has just been...
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The reported demise of banking jobs in London and New York City looks premature
If you believe everything you read and you read everything, you might be under the impression that London and New York City are no longer the places to pick up finance jobs. You would be wrong. A few...
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Can you answer this incredibly difficult Deutsche Bank brainteaser?
Deutsche Bank’s interview questions seem to be strangely similar to most other banks’ interview questions. Their brainteasers, however, may be substantially more difficult. A month ago, the German bank...
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Things you must never confess to in an investment banking interview
Given banks’ fussiness about hiring, it’s always been easy to say the wrong thing in a finance interview. Now that banks are places of moral rectitude and cultural reform, it’s easier still. We spoke...
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Life after the pits: how ‘dinosaur’ traders are reinventing themselves
To survive in the trading pit, all you needed was an ability to think fast under pressure, shout loudly and do rapid mental arithmetic. But in a world where successful traders are under 30, robots are...
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“You’re better off working in M&A in an emerging market”
If you’re an analyst working in IBD, you might think you should be based in London or New York City. You’d be wrong. The best place to work in M&A is an emerging market. I work in Mexico and I have...
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Singapore and Hong Kong pay war halts as bankers flood the market
Salary rises for finance professionals moving between banks in Asia are plummeting – and in some cases disappearing altogether – as more unemployed candidates enter the job market, say recruiters. In...
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Morning Coffee: Which 35-year-old traders earn over $530k? The glory days are...
If you work in the fixed income currencies and commodities (FICC) division of a large investment bank, you have every right to feel a little hard done by. Revenues continue to tumble and even FICC...
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Investment banks struggle to recruit working class students, humanities...
Everyone knows there are tens of thousands of people applying for jobs in investment banks. Some people, however, appear keener to apply to investment banks than others. Academics at the University of...
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The rise of the freelance investment banker
Imagine you’re an investment banker who’s fallen on harder times and need a little side-income. There aren’t exactly huge numbers of options available to you – investment banking pays well and finding...
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The best paid jobs in investment banking
Which jobs in investment banks pay the most? Much as M&A bankers are expected to do well this year and (some) fixed income traders aren’t, it’s still traders that earn the most according to new...
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The key thing that will get you promoted in a Chinese securities firm
Bankers are obsessed with getting promoted. Promotion means higher pay, as well as more power within the organization. There are of course various ways to get promoted, and a lot has been said about...
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Morning Coffee: When 30-something Goldman Sachs bankers accept a 60% pay cut....
How can you persuade a Goldman Sachs investment banker to leave a perch at the pinnacle of the global finance industry for a job that pays less than half as much? How about offering him the opportunity...
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