Another top fixed income trader quits Deutsche ahead of coming firestorm
Bad things are fast approaching for fixed income professionals at Deutsche Bank. Several weeks ago, Handelsblatt reported that Deutsche will be dumping 500 investment bankers, almost all of them in...
View ArticleCiti execs feeling woozy but bankers may feel the pain
It’s been a few days since Citigroup failed the Federal Reserve’s stress test but the dust hasn’t exactly settled. In fact, the swirling winds have only picked up speed. Citi and its top executives are...
View ArticleWhy you want to join Jefferies’ expanding equities business. Or not
Jefferies is staffing up with equities bankers. In the past week it’s hired Matt Foulds, the former head of Americas equity distribution at UBS. It’s hired Bill Bell, the former head of electronic...
View ArticleClik here to view.
Who earns the biggest bonuses – sales, trading, or research (redux)?
If you work in the markets division of an investment bank, where can you expect to earn the highest bonus? In sales? In trading? Or in research? Popular perception suggests that research professionals...
View ArticleJob Market Pulse: Buy-side firms continue hiring push, money managers expand...
In this week’s hiring roundup, Jefferies keeps growing, a New York hedge fund starts filling empty seats and Carlyle makes one loud hire, plus a couple quiet ones. Carlyle making headlines Carlyle made...
View ArticleClik here to view.
Morning Coffee: A personality test that can predict your income. JPMorgan’s...
Which kinds of people earn the most? Try rational extroverts who make quick, decisive, logical judgments, who like to be in charge and who have no patience with inefficiency. Which kinds of people earn...
View ArticleHundreds of traders caught up in latest Wall Street scandal
Financial regulators have formally opened an investigation into the latest rigging scandal to engulf Wall Street and the City of London involving hundreds of investment banks’ sales and trading staff...
View ArticleSeven areas where you should want to work in the Middle East financial sector...
The financial services job market in the Middle East is looking decidedly more upbeat than the last five years so far in 2014, but all sectors are not created equal. While some, notably investment...
View ArticleThe worst tricks that candidates have played on recruiters
It’s April Fool’s day. Various fooleries are circulating, to be unmasked at midday according to the tradition in the UK. If you’re based on Wall Street, you have a few more hours in which to come up...
View ArticleInvaluable advice for bankers in their 30s, from bankers in their 40s
A few weeks ago, we ran an article about the psychologist specializing in the problems of 20-somethings who’s been lecturing analysts and associates at Goldman Sachs. ‘Don’t think your 20s are...
View ArticleHow to style your hair if you want to get in with Gaël de Boissard at Credit...
Credit Suisse is making redundancies. As we’ve observed, the Swiss bank has parted company with various people over the past few weeks and is attempting to curtail costs in its investment bank after...
View ArticleHere’s how much you can earn after two years in high frequency trading
Thanks to Michael Lewis, high frequency trading is all the rage. Admittedly, it may be all the rage for all the wrong reasons, but still. The high frequency trading (HFT) dark side is clearly a...
View ArticleThe bizarre Asian banking role where banks want to hire but candidates don’t...
Change management was the counter-cyclical job function of choice in the wake of the financial crisis in Asia. When banks in the region were swinging the axe in 2008 (and again three years later) they...
View ArticleClik here to view.
Morning Coffee: Long term, you’ll make more in banking if you didn’t go to a...
Should you study at Oxford, Cambridge, the London School of Economics, Bocconi, Paris Dauphine, or WHU in Germany? Or should you just study at the best school you can and trust that your innate passion...
View ArticleEight golden rules of networking to help your career over the next decade
Networking is integral to career progression, not just to encounter potential mentors at in-house hob-nobbing events, or putting out feelers to contacts when you feel the time is right to move jobs....
View ArticleThe location that is now hoovering up investment banks’ best accountants
Ten years ago, the best and brightest accountants, armed with a fresh ACA, would gravitate towards the investment banks for a job in product control. Hundreds of accountants from South Africa,...
View ArticleClik here to view.
Deutsche issues note offering small hope to its paranoid fixed income traders
Deutsche Bank’s fixed income currencies and commodities (FICC) professionals are living in fear. Sometime soon, several hundred of their number will be asked to leave their desks at London Wall...
View ArticleNine easy ways to blow your spring week in an investment bank
It’s that time of year again. A few hundred first year university students who think they might want to go into banking when they graduate are about to spend five days getting to know the industry....
View ArticleThe real losers of the war on high-frequency trading
While still in its early stages, a fight has erupted around the legality of high-speed trading, a lucrative practice key to trading firms and the exchanges that take their well-calculated bets. New...
View ArticleMorning Coffee: How to get ahead in banking by Blythe Masters, Ruth Porat....
A light is being shone into the dark places occupied by senior women in banking. Blythe Masters, JPMorgan’s most high profile female trader and most recently the head of its commodities business, is...
View Article