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What BCG’s big new banking report is really saying about your job
Boston Consulting Group has released its authoritative state of the nation report on investment banks in 2016. It is not pretty: the banking industry is not in a good state. If you aspire to endure in...
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Sam Wisnia said to be treating Deutsche staff to a private jet while Cryan...
Deutsche Bank is cutting costs. The German bank wants to cut €3.8bn from its cost base by 2018. To this end, CEO John Cryan has been questioning the need to hold meetings in sumptuous hotels, doing...
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The highest paying Wall Street and City internships in finance
Internships are now the number one route into a finance job. This is not just in investment banking – where anything up to 90% of front office graduate hires are intern conversions – but increasingly...
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How to get a job at Symphony, the world’s hottest fintech start-up
Not all Fintech start-ups are created alike. As we’ve noted before, some pay abominably. And as BCG noted in its banking report, many struggle to generate funding. This does not apply to Symphony...
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Meet 8 exceptional young Asian bankers working on Wall Street
You’re working in Hong Kong or China but want to launch a career on Wall Street. You need not wait until you’re a senior banker or even until you have a Masters degree. We’ve searched through online...
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The seven safest operations jobs in Singapore banking
Singapore is no longer the banking operations hub it once was. Banks continue to build their back offices in less costly Asian markets (think Deutsche Bank in the Philippines or Standard Chartered in...
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Morning Coffee: Unsuspecting 34 year-old Barclays trader paid far less than...
It’s every trader’s worst nightmare. You’re there on the floor, one of the bros, joking about owning your own little bar in the Greek islands where everyone can come and hang whilst drinking Ouzo...
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London’s exclusive hedge fund club driven by who you know
Hedge fund managers are not beautiful and unique snowflakes. They are not masters of the universe consistently beating the market propelled only by their individual expertise. No. They look a lot like...
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“It’s far easier to get into the Big Four than an investment bank. And the...
Do you want to work for the Big Four, or do you want to work for an investment bank? Goldman Sachs only hires 3% of all applicants. So does Morgan Stanley. All the Big Four accounting firms only let a...
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BNP Paribas’s London layoffs less painful than they seem
BNP Paribas is letting go of 233 people in London. So says Reuters, which says 100 of them have already been identified and that 17 of them are from the securitisation team (amounting to 50% of that...
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How to learn the R programming language to secure this hot finance job
Data scientists are the darlings of the financial services industry. Hedge funds, asset managers, investment banks and quant funds are all competing for a select band of talent with global tech giants...
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Do you really need a CFA to work in asset management?
It’s an accepted reality that gaining CFA charterholder status is absolutely key to managing money in the asset management sector. Most portfolio managers have the coveted ‘CFA’ after their name and...
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Deutsche Bank MDs are being quietly trained by ex-special forces commander
Today was Deutsche Bank’s annual shareholder meeting. Things didn’t go too badly. There was some criticism of the chairman, Paul Achleitner, but someone gave CEO John Cryan a book and Cryan said the...
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The nine skills you now need to succeed in Chinese investment banking
Chinese investment banks are dominating revenue league tables in Asia, while some Western firms (most notably Credit Suisse) are still trying to expand in the mainland. But succeeding as an investment...
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Asian job seekers in some sectors think far too much of the CFA
Will having the CFA Charter to your name give your career a boost in Asian financial services? While the qualification may set you apart from the thousands of people struggling just to pass the CFA...
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Morning Coffee: Whatever became of Colin Fan? Goldman banker regrets...
It’s not often that bank executives disappear into total oblivion when they leave a job. Like Bob Diamond or Vikram Pandit, they usually find a new project to get busy with. If they’re a trader they...
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Huge bonuses for MDs at J.P. Morgan. Goldman Sachs and Morgan Stanley the...
Look at the newly-minted MD ranks at J.P. Morgan or Morgan Stanley and you’ll notice one thing – most of those being promoted have been at the firm for a long time. Compare that with Goldman Sachs,...
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Is Goldman Sachs memo-writer Joseph Mauro about to run to a hedge fund?
Remember Joseph Mauro? The Goldman Sachs London partner, head of fixed income, currencies, and commodities European hedge fund sales and co-head of European macro rates sales? The man who sent that...
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J.P. Morgan’s guide to the best and worst places to work in 2016
J.P. Morgan’s banking analysts, led by the ever-productive Kian Abouhossein, have produced a new state of the nation report on investment banks. Mostly, things are not so good. Mostly they expect...
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How pit traders CAN survive in the era of electronic trading
Adapt or die. In a world of high-frequency traders, if you can’t beat ‘em, join ‘em – or at least adjust your old-school approach to trading and take advantage of big data analysis and other...
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