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Nine ways to stay motivated in a job you hate
You may be losing your mojo. Bonuses are down and most investment banks have decided that now is a good time to roll out redundancies. Morale is low, so much so that senior bankers are sending out...
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Why you don’t want to work for a small broker-dealer now
If you’re considering a move to an independent broker-dealer, small wealth management shop or registered investment adviser firm, now may not be the best time. And if you currently work at one of...
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When one bank’s senior associate is another’s VP: the confusion of investment...
BNP Paribas is following in the footsteps of SocGen and introducing corporate titles to its investment bank in Europe. Good luck with that. Investment banks’ job titles are a nightmare and headhunters...
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This is what your private banking salary and bonus should be in Singapore
Are you a private banker in Singapore? With so many firms hiring in your sector, it’s good to know how your salary stacks up against other relationship managers (RMs) and how your bonus compares with...
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BAML cuts in Hong Kong as bankers struggle in search of new work
Bank of America’s job cuts in Asia cross most front-office business areas and are targeting “under-performers” across sales, trading and investment banking across multiple asset classes. The bankers...
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Morning Coffee: Jes Staley’s special technique for cutting heads at Barclays....
Jes Staley has achieved what many other investment banking CEOs dream of: he has discovered a reliable method of slashing headcount in the front office. Barclays has been talking about vigorously...
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Six hot jobs on Wall Street that you’ve probably never thought of
There have been plenty of grumpy Wall Street executives lately, with bonuses down an average of 10% by some accounts and predictions New York is about to lose thousands financial services jobs this...
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The least employable finance professionals in London
Everyone knows the story: senior staff on giant salaries are being disproportionately dinged in contemporary banking layoffs as banks rush to replace them with juniors on smaller packages. It’s called...
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Two charts explaining why Deutsche Bank pay must fall
As we noted last week, pay at Deutsche Bank isn’t exactly evenly distributed: a very small number of people there get almost all of the pie. 93% of people in Deutsche’s investment banking arm earn less...
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12 handy hints for fitting into Goldman Sachs’ culture
Goldman Sachs has people queuing up to get a job there. It’s the most popular bank among finance professionals. It only accepts 3% of applicants and – once in – people tend to stick around (average...
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Citi’s gap year for junior bankers sounds like a bad idea
Credit Suisse is sending its junior M&A bankers on secondment to work for clients. Now, Citi seems to be offloading its juniors on charitable work gap years. The Wall Street Journal reports that...
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Forget fintech skills, learn to get along with your colleagues
When I started my career, one of the many menial jobs in the bank included taking staples out of cheques and ‘throwing out the waste’ (which actually meant sorting cheques into the respective banks...
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Why NOT to get a new job this year if you work in Asian compliance
Do you work in compliance in Hong Kong or Singapore? Are you accustomed to drifting between banks every 12 to 18 months, picking up big pay rises along the way? Get ready for a shock if you’re...
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Morning Coffee: Q1 wasn’t just bad for banks, it was disastrous. Hedge funds...
Suddenly, a lot of banks are making job cuts. Last week, Bank of America Merrill Lynch (BAML) cut 150 people from its global markets arm. This week, Citi is said to be readying cuts across its...
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The five personalities you will always encounter in investment banking
Every year, fresh faced analysts and associates start their investment banking careers and – as unique as they believe themselves to be – most tend to fall into one of five character types once they...
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10 charts explaining how the ECB is killing European fixed income trading jobs
If you’re a bond trader in a European investment bank, the European Central Bank (ECB) is not your friend. Far from it: if you’re a bond trader in a European investment bank, the ECB has just made a...
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Morgan Stanley has parted company with more senior quants
In Morgan Stanley’s fixed income team now, there’s little in the way of sentiment or loyalty from either side. The bank is making deep cuts – often to long-serving employees – and now senior traders...
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Deutsche Bank is about to hike associate salaries by 15%
Fresh from raising some London VP salaries by up to 40% to around £140k ($202k), headhunters in London say Deutsche is now preparing to increase salaries for its associate-level staff too. The German...
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Goldman Sachs layoffs said to be hitting most senior fixed income sales staff
This appears to be the week that those fixed income redundancies flagged by Goldman Sachs in January are happening in London. Goldman didn’t respond to a request to comment, but various headhunters in...
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These are the people being promoted at big banks now
With most banks implementing lay offs in the first quarter, it’s easy to assume that most careers are in stasis currently. However, while heads are indeed rolling, banks are still promoting people...
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