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The seven key stresses of working as a senior investment banker now
There’s a crush to make it to managing director in investment banking, but beware – it comes with a lot of pressure. Making it to the top in investment banking is not what it once was. Whereas...
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Here’s what Goldman, J.P. Morgan, BAML and Morgan Stanley pay in the U.S.
If you’re in banking or trying to position yourself for a job at a bank, you want to know what the heavy hitters of the industry pay in the U.S. Goldman Sachs, J.P. Morgan, Bank of America Merrill...
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The seven skills you now need to succeed in Asian corporate banking
If you want to become a relationship manager (RM) in corporate banking in Singapore or Hong Kong, you’ll need to go through a graduate programme or move from another department in your bank. But either...
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Bank of Singapore deal staves off Barclays banker exodus
By selling its Singapore and Hong Kong wealth management business to Bank of Singapore (BoS) instead of a rival bidder, Barclays may have staved off a big exodus of private bankers to the likes of UBS...
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Morning Coffee: Junior bankers bemoan extremely boring jobs. Barclays denies...
Everyone knows you work hard as a junior banker, but what do you actually do? In theory, you’re out there on the bleeding edge of capitalism, helping shape the global economy. In reality, it seems...
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Pay at high frequency trading firm Maven Securities isn’t as high as you’d think
In theory, working for a high frequency trading firm is a) fun and b) extraordinarily lucrative. High frequency traders allegedly work shorter weeks than traders in investment banks and get paid more...
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The best paying cities for investment banking analysts and directors
Investment bankers base themselves in certain locations for a variety of reasons – career progression, status, exit options. But if money is your main motivator, then the place to be for both senior...
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Citi associate escapes IBD for interesting alternative
If you’re a junior banker who recently banked your bonus, chances are you’re looking around for something else to do instead. The obvious option is private equity – private equity funds have been...
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Will Roos raid Deutsche again when he runs Citi’s equities business?
We’ve been predicting for a while that Murray Roos would take over Citi’s equities business. Now it seems we could be vindicated. Derek Bandeen, Citi’s mild-mannered, moderately ambitious ex-Morgan...
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This is what your banking IT salary should be in Hong Kong
Banks in Hong Kong are facing increased competition for IT talent from both large tech firms and small start-ups. One of the main attractions of working for a bank rather than a tech specialist is the...
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Seven young private bankers now making their mark in Singapore
Achieving career success in private banking in Singapore doesn’t always take decades – it’s possible to make your mark before you get too many grey hairs. We’ve looked at public profiles of...
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Morning Coffee: J.P. Morgan’s device for cutting costs in an investment bank....
Redundancies are baaaack. As we predicted in March, Nomura is making more layoffs. The Wall Street Journal reports that the Japanese bank will be informing people in both London and on Wall Street that...
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Dinging the directors: Why you don’t want to be an aspiring MD in investment...
Now is not a good time to be a director or executive director at a large investment bank. Banks have already stripped out the ranks of underperforming MDs and now they’re turning their attention to the...
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PwC only hires 2% of experienced applicants for U.S. roles – here’s how they...
To get into professional services giant PwC in the U.S., even if you have experience in the sector, you must be in a select group of people. Specifically, you need to be in the top 2%. Therefore it is...
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The 5 worst things about Nomura’s equities bloodbath
Don’t say we didn’t tell you. We suggested that things were afoot in Nomura’s equities business around six weeks ago. “Equities is going to get decimated,” said one insightful headhunter. – And it has...
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BAML pays 60% more than Goldman Sachs in London
Accounts have just been released for Merrill Lynch International – the London-based arm of Bank of America Merrill Lynch. They suggest that it pays very well indeed. In the year ending December 31st...
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“I left my Goldman Sachs trading job because I was a bit bored”
Adam French started out trading derivatives at Goldman Sachs in the summer of 2007. During the course of his first year, in the run up to Lehman Brothers’ collapse and the subsequent crisis, he was at...
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10 Hong Kong finance jobs that pay $50k a month after just three years
You’re a student in Hong Kong wondering which finance job will land you a salary large enough to start saving up for an apartment by the time you’re an associate. You want to earn at least HK$50k...
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Banks in Asia force senior finance professionals to take temporary contract jobs
Large banks in Hong Kong and Singapore are telling more senior finance professionals to take contract roles instead of joining them as permanent employees. As headcount restrictions make it more...
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Morning Coffee: Man left impoverished after losing job in the City. Safest...
For how many years do you need to work in banking if you want to be financially secure? In the case of Paul White, a former LIBOR submitter at RBS, the answer is ‘more than 27′. White was yesterday...
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