Morning Coffee: Goldman’s messy bid to stop its best fixed income traders...
Post-bonuses, more traders are leaving Goldman Sachs. Bloomberg reports that Uberto Palomba, co-head of emerging markets trading for EMEA, and Jonathan Tipermas, head of Goldman’s US dollar swaps desk,...
View ArticleDissecting pay at Barclays, BAML, CS, Citi, Deutsche, Goldman Sachs, Morgan...
A month ago, we looked at the likely state of compensation at big banks for 2013. Now that big banks have reported their results and allocated bonuses for last year retrospectively, we have a better...
View ArticleThe culture shift among M&A bankers
M&A bankers have always been jet-setting types, needing to travel and work around the clock in order to ensure a deal completes. However, if you’re working in the UK or U.S., senior bankers advise...
View ArticleWhat was really said about the future of Barclays’ investment bank
Barclays’ full year 2013 results announcement was a damp squib. Expected to involve a major strategic reworking of the investment bank, it did nothing of the sort. Yes, 220 managing directors and 600...
View ArticleWorking in fund management: the secret to longevity in financial services?
Investment banking isn’t renowned for recognising the value of a few grey hairs. Traders regularly burnout after 30, the hours expected of investment bankers make it difficult for all but the most...
View ArticleFive things I learned from my 18 months as an investment banker
Why would you want to become an investment banker? A few years ago, you didn’t necessarily need a qualitative reason. The money was enough. Now, as salaries have downshifted from tremendous to very...
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Bank-by-bank, here’s where you can still take risk as a trader
Being a trader in an investment bank has become a far more boring occupation than it used to be. Risk has been slashed, and access to balance sheets has been cut. Traders are leaving for hedge funds....
View ArticleEight exciting things you should know about investment banking jobs in Hong...
We have both good and bad news to impart about front-office jobs at investment banks in Hong Kong this bonus season. Recruitment levels will be up on this time last year. “There will be more movement...
View ArticleMorning Coffee: £100m dealmaker admits to sleeping rough in City doorway....
SocGen wants to hire for its fixed income currencies and commodities (FICC) business. Maybe that’s just as well, because the French bank’s FICC business is having a few issues and could probably do...
View ArticleCry of semi-despair: “I am stuck in a director-level position and can’t get...
I’m writing this because my career seems to have stalled and I need advice. I work in a quant development team at a major bank (building the computer programmes that bring quantitative models to life)....
View ArticleWhat Ross McEwan is saying about pay and jobs at Royal Bank of Scotland
Royal Bank of Scotland CEO Ross McEwan is putting himself up for public questioning/abuse by taking part in a live chat on the Guardian website today. Forays into facing the public don’t always work...
View ArticleHow to get a job in banking when you’ve only worked as a barista
You’ve done all of the hard work for your degree, you’ve gotten a great mark and now you’re interviewing for a banking position. But then they ask you the dreaded question: “Do you have much relevant...
View ArticleSome senior ex-Barclays bankers already finding big jobs elsewhere
The streets are awash with senior Barclays bankers. Yesterday, the British bank said it plans to dump 220 managing directors and 600 directors and that it won’t be hiring any more soon. Pre-empting...
View ArticleWhat bankers have in common with captive rhesus monkeys
In the five years following the financial crisis, bankers have heard it all. They’ve been called crooks, cheats and much, much worse. Now, they’re being compared to a bunch of apes. Captive rhesus...
View ArticleUpset as 40-something bankers find themselves unable to retire
In most industries, retiring at 40-something would be out of the question. But banking, isn’t most industries and getting out young used to be quite common. You still hear of the occasional banking...
View ArticleHong Kong’s headache over how to stay on top in Asia
Hong Kong is still a mecca for financial services talent in Asia, but needs to position itself away from the “big exploding ball” that is China and work with, not against, the mainland if it’s going to...
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Why Canary Wharf will never flood – it’s not what you think
Everyone has seen the pictures. In case there were ever any doubt, Canary Wharf is on the Thames’ flood plain… Source: The Environment Agency The City, on the other hand, is not… So, would you rather...
View ArticleCrisis-fearing bankers hiring execs who ‘look like’ them: Krawcheck
In times of crisis, people tend to reach out to those who are closest to them. That’s exactly what’s happened on Wall Street over the last five years, as male bankers have looked to hire more within...
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Important ammunition for equity research professionals who think they’re...
Equity research is not a poorly paid job. According to equity research headhunters, managing director (MD)-level research professionals in ‘top tier’ banks can earn anything from £350k-£450k...
View ArticleMan who quit JPMorgan for £30k academic job returns to finance
A former JPMorgan investment banker, who was involved in a high-profile divorce from one of Germany’s richest women, has returned to the financial sector with a new private equity company. Nicolas...
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