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The 7 skills at the top of banks’ shopping lists in 2016
If you want a new banking job in London this year, you’ll need to be niche. As UBS reiterated many times during today’s investor call, the environment is “tough” and the bank is “focused on costs,” and...
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UBS’s results include these 5 unpleasant truths
UBS released its fourth quarter results this morning. If you work in its investment bank they were, ostensibly, ok. UBS’s investment bank generated a return on attributed equity of 25.9% last year –...
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How to break into investment banking when you didn’t go to private school
Breaking into a front office investment banking job is tough enough, but imagine that you went to state school. If this sounds like a line from Jeeves and Wooster, you’d be surprised. The truth is, for...
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End of the iron rice bowl? Why more Asian bankers are quitting their jobs to...
More young bankers in Hong Kong and Singapore are gearing up to start their own businesses this year as leaving a stable ‘iron rice bowl’ job in banking finally becomes more culturally acceptable....
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How to decide whether to stay or quit after getting a skimpy bonus
Many financial services professionals got their bonus for 2015 last week, or they are set to receive it soon. Whenever you do receive your bonus, you are going to be disappointed, unless you are the...
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25 year-old analyst leaves Goldman for ‘rapidly growing’ peer-to-peer lending...
Peer-to-peer lending is a thing, and Goldman Sachs is trying to get in on it. In November, Bloomberg reported that Goldman was hiring people from peer-to-peer lending firms for “Mosaic”, its new online...
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This is how much you should earn as an investment banker in your 20s, 30s and...
There is a new trend afoot in investment banking. Senior banking recruiters complain that the juniors they hire today are only joining for the ‘CV points’: that they do a couple of years a big name...
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Horrific Hong Kong bonuses to open up jobs after CNY as disgruntled bankers...
If you want to land an investment banking job in Hong Kong after Chinese New Year, your chances of finding a newly created position in an expanding team are slim. On the whole banks are either trimming...
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Morning Coffee: The most frightening job in finance. Morgan Stanley’s weird...
Want an adrenaline squirt from your job in banking? You could work as a high yield trader focused on the oil and gas market. Or, you could work in compliance. The Wall Street Journal says compliance...
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Credit Suisse’s 36% bonus cut, and 6 other things you must know about its...
Credit Suisses’s results are a mixture of very bad news and sort of good news: the situation looks fairly dire, but there are several upsides. 1. Bonuses in global markets have been cut by 36% Credit...
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How to get a job in finance with a second-tier MBA
If you want an MBA education, be prepared to pay big money. The top 15 business schools in the US charge tuition of $130,000 or higher for a two-year degree. Below that tier, however, there are some...
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Which banking jobs offer you the fastest route to Managing Director (and the...
So you want to be a managing director in an investment bank? You might not want to work in compliance or in technology. We looked at the CVs uploaded to the eFinancialCareers CV database over the past...
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The best (and worst) ways to sign off a work email
You don’t want to lose sleep over the valediction on your work email, but it DOES matter. It’s your parting shot. It’s also your chance to be a little personal. So, what’s the strongest way to...
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Credit Suisse starts Asian hiring spree by adding 40 private bankers in just...
Credit Suisse’s ambitious hiring spree in Asian private banking – announced only last October – has already began in earnest, its annual results reveal. The Swiss firm recruited 70 relationship...
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Eight ways to boost your banking career over the Chinese New Year holidays
Chinese New Year is nearly here and most finance professionals in Hong Kong and Singapore are set to spend at least Saturday to Tuesday, if not longer, away from the office. But while the holidays are...
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Morning Coffee: Credit Suisse bonus pain horribly compounded. Senior bankers’...
Just when it seemed that bonuses couldn’t get much more insipid for Credit Suisses’s salespeople and traders, a whole new source of enfeeblement has appeared. When Credit Suisse CEO Tidjane Thiam...
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BNP Paribas’s good news for fixed income traders (and compliance staff, and...
BNP Paribas’s history as a fixed income trading house is ‘mixed’. As a reminder, the French bank embarked on a big fixed income hiring spree in 2010, which was still going three years’ later despite...
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200 London bankers say their bonuses DOUBLED last year
Did your bonus double last year? Oh. BAD LUCK, because 200 bankers in London says theirs did. Such are the (amended) results to the latest bonus temperature-taking by pay benchmarking firm...
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5 reasons for Barclays’ ex-Lehman bankers to go it alone
Bernstein banking analyst Chirantan Barua has a history of calling it for Barclays. In April 2014, he suggested 30% of staff at Barclays’ investment bank needed to be made redundant, something which...
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The only finance job that lets you work remotely
If you’re a senior banker in M&A, it might feel a bit like you’re never in the office and that you lead the peripatetic life of a louche itinerant in business class lounges. Maybe you do. But this...
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