Barclays loses head of FICC research and chief European economist
Two senior equity researchers and the chief European economist have left Barclays investment bank in the past month following the announcement of a fresh round of redundancies that will eventually see...
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That male banking MD is earning a bonus 2x larger than your own
If you’re a senior woman in the City of London, the chances are that you’re underpaid. On average, your male managing director colleagues are earning twice as much as you are. So say the latest figures...
View ArticleBankers admire Wells Fargo ahead of Goldman, J.P. Morgan
Despite a recent spate of scandals, J.P. Morgan and Goldman Sachs continue to hold the admiration of most people. But when it comes to earning respect and veneration from those within the industry, the...
View ArticleStress-reduction tips for bankers – by elite Asian headhunter who teaches yoga
Are you feeling frazzled by your bad bonus? Is your job search still stuck despite the supposed revival in recruitment? If you want to react better to the stresses in your banking career, you should...
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Morning Coffee: Bank dumps M&A juniors, says experienced staff needed now....
UBS has not got the message. While other banks chase after junior M&A bankers, offering them all sorts of inducements to join and then to stay, UBS has decided to dispense with the spreadsheet...
View ArticleSo, this is what happens when bonuses aren’t big enough
Citigroup is said to have paid its equity researchers some very disappointing bonuses. JPMorgan, for one, is hiring equity researchers. Is this why, having banked their allegedly poor payouts, Citi’s...
View ArticleWhen sharp-suited bankers are happy to work from home in sweatpants
Investment bankers have a reputation for sharp suits and international travel, not sitting at home working in their underpants. However, despite the need for ‘face time’ – particularly among junior...
View ArticleShave and a Haircut, He Quits
Comb through the internet and you’ll find plenty of stories about junior bankers leaving Wall Street to find some kind of happiness. The same rule applies for barbers, apparently. Rudy Milian is the...
View ArticleWhen you get an investment banking internship, there’s a 33% chance you’ll...
If you succeed in gaining a summer internship in an investment bank, a full-time job offer is yours to lose. This is the message both from careers services and from the finance firms that employ...
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Suggested hairstyle for the men of Goldman Sachs
By now you’ve probably read about Rudy Milian, the barber who got sick of trimming the tresses of Goldman bankers in New York and so quit to take his clippers somewhere he’d be more appreciated. But...
View ArticleWhat it’s like to be Indian in M&A
Measured in terms of employment, India is a big market for international investment banks. Morgan Stanley has two investment banking support offices in Mumbai and Bengalaru and Deutsche Bank has...
View ArticleCareer Crunch: The turn off of European investment banks, ridiculous pay...
If you’ve missed out on all the news and advice related to your financial services career on eFC over the past week, take a moment to catch up by perusing the top stories below. “Persuading people to...
View ArticleFive fabulous post-bonus banking jobs in Singapore, Hong Kong and China
It’s one thing wanting to change your banking job in Asia after pocketing your bonus – it’s another actually being able to move. In some banking roles, however, making the post-bonus switch in the next...
View ArticleMorning Coffee: Sexism, nepotism, cage fighting and assassination – where you...
The inter-dealer broking business is often seen as the wild west of financial services. It is there that some of the worst discrimination cases seem to happen, that traders are most foul-mouthed and...
View ArticleNew kid on the block wealth manager plans to expand
After rushing to the Middle East in search of new opportunities in the wake of the financial crisis, Swiss wealth managers have quietly moved their operations back offshore. The lure of a Swiss private...
View ArticleHow to destroy your finance career in years one to five
There’s a phrase for the people banks want to hire now. It’s “first bouncers,” or maybe even “second bouncers,” meaning people who’ve spent a few years in banking jobs and are moving for the first or...
View ArticleCareer Insights: Equity capital markets is about people skills and multi-tasking
Hannah Malter, senior originator, equity capital markets syndicate Asia, UBS Hannah has degrees in commerce (finance and accounting) and arts (French and economics) from the University of Queensland,...
View ArticleWhen 1,000 new banking jobs isn’t considered enough
Working for a financial regulator is supposedly, if not a cushy option, a vocation where the stresses and strains placed upon those working in the cut-throat banking sector are eased somewhat. Try...
View ArticleJob Market Pulse: Hedge funds start hiring push; JPM adding junior bankers...
This week’s hiring roundup is dominated by hedge funds, which are actively looking to add headcount from both the buy and sell-side as investor fervor heats up. Banks are doing plenty of hiring too,...
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These are the top M&A boutiques you should work for in New York and London
M&A boutiques are the place to be. According to a missive from information provider Dealogic, they’ve accounted for 38% of all the fees earned in M&A so far this year. Over the same period of...
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