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Over-promoted young bankers in Asia struggle to cope with new jobs
As global banks cut costs in Hong Kong and Singapore, directors and managing directors are increasingly finding themselves displaced by cheaper and more junior team members. But while ex-MDs are busy...
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CV cliches you must avoid in investment banking, technology, risk, trading...
You don’t need telling that including the words ‘dynamic’, ‘team-player’ or ‘innovative’ on your CV will mean you’re embracing the world of cliché. Do you? Less obvious is when you’re applying to a...
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2015 investment banking bonuses, the outlook by bank
As the end of the year approaches, so the talk about bonuses is becoming more urgent. If that talk is right, the big U.S. banks are going to be paying well and the big European banks are going to be...
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Morning Coffee: Some European banks are actually hiring, not firing, in Asia
Standard Chartered, Barclays, Deutsche Bank and RBS may be cutting jobs in Asia right now, but some European banks are expanding – and not just in the evergreen wealth management sector. If you’re...
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The highest paying CFA jobs in Hong Kong and Singapore
You’ve got through your 300 hours of revision and you’ve joined the roughly 42% of your CFA candidate cohort who’ve actually passed Level I. As you contemplate the unpleasantness of even more study and...
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The 10 top data science courses for jobs in finance
Data science is the new black. Call it big data, call it data analytics, call it data mining: banks want people who can do it. Banks like Goldman Sachs are investing in big data start-ups. Deutsche...
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Strange cases of fixed income hiring and firing at Deutsche Bank, Credit...
It’s another bad year to be working in fixed income sales and trading. Credit Suisse is laying people off. So is Deutsche Bank. So too is Morgan Stanley. It’s not entirely a one-way street, however....
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The head of graduate recruitment at BAML just quit for Amazon
Leaving investment banks for technology firms (or simply not joining an investment bank in the first place) is all the rage. Take Ruth Porat. Take the Goldman Sachs investment bankers who left for...
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Morning Coffee: Hong Kong bankers face rising workloads but lack backup
Equity capital markets (ECM) bankers in Hong Kong are under increasing pressure: the market for initial public offerings (IPOs) in the city remains buoyant, but banks are keeping teams lean. Hong Kong...
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Morgan Stanley’s layoffs include traders it only recently hired and promoted
Morgan Stanley’s fixed income layoffs have come early. The US investment bank was supposed to be starting its clear-out of 25% of its fixed income sales and trading business next week. Instead, it...
View ArticleThe perfect CV for a developer in investment banking
Getting a development role in an investment bank is tough. But securing a role as a programmer in a major financial centre in the age of offshoring is a super-human feat. With Goldman Sachs creating...
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How to get promoted in banking. Hot new tip from China
If you’ve been closely following the ups and downs of Chinese banking, then you will know that some big regulatory probes have been going down ever since this summer’s Chinese market market crash....
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The top 30 Masters in Finance courses for getting a job in hedge funds,...
Having a Masters in Finance degree on your resume is becoming an increasingly important way of landing a graduate job in investment banking. Breaking into the buy-side is an altogether tougher...
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“I’m a fixed income trader in an investment bank and my lifestyle is honestly...
I’ve read a lot here about the lifestyles of junior bankers in M&A – the sleepless nights, the lost weekends, the cancelled holidays. It sounds brutal and if you work in IBD I guess it is, but I...
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Morning Coffee: The Chinese banks you don’t want to work for
Unless you’re under a corruption investigation, this year has been a good one to been ensconced in a job at a Chinese bank. Led by the likes of Citic Securities, China Securities and Guotai Junan...
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Being the only quant on a Hong Kong trading floor was like doing maths in a...
Being a trading-floor quant is like doing maths in a war zone. OK, so there are no real deaths, but work often gets very intense. Most of the time you’re invisible to the outside world, but you’re...
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Bonus predictions for associates, VPs, directors and MDs in FICC, IBD and...
Bonuses in 2016 will be a dirty word. Most banks are cracking down on compensation, Deutsche Bank and Credit Suisse will likely make deep cuts to variable comp and bonuses will be flat at best. Fixed...
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Is Barclays about to make 30% of its equities staff redundant?
It’s a day for big numbers. Firstly, City AM suggested that previous reports regarding Morgan Stanley’s fixed income layoffs were understated and that the US bank’s not planning to get rid of 25%, but...
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McKinsey’s director of recruiting explains how to get a job at McKinsey & Co.
McKinsey & Co. is to consulting what Goldman Sachs is to investment banking. The firm has come out top of the Vault’s ranking of consulting firms for fourteen years. It’s bigger than its two main...
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The real reason why the CFA pass rate is so low
The CFA Level I exam isn’t easy. With a pass rate of around 45%, it ranks as one of the most challenging hurdles that anyone aspiring to work in finance needs to overcome. However, it’s quite possible...
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