City superwoman on the influence of a stay-at-home husband
Helena Morrissey admits that her life “shouldn’t really work”. The CEO of Newton Investment Management, mother of nine children and champion of women in the boardroom through the 30% Club, has long...
View ArticleBanks losing the popularity contest in Canadian recruitment
Canadian banks appear to be facing an uphill battle when it comes to local recruitment, despite being more insulated from the all the negative headlines being made by European and U.S. rivals. The...
View ArticleSix job functions that foreign banks in China are desperate to fill right now
Foreign banks in China, although dwarfed by their domestic counterparts, are opening up an increasing number of new jobs on the mainland this year, encouraged by continued liberalisation of the finance...
View ArticleMorning Coffee: Senior trader’s career mistakenly ruined by the British...
Traders in the City of London who have been affected by the LIBOR and FX-fixing investigations can draw comfort this morning from the case of Clive Roberts, the former head of equities at Exane BNP...
View ArticleEight tips for coping with interviews when you’re introverted or socially...
For all the rambunctious traders and suave relationship managers, the financial sector still relies on technical experts. Quants, technologists, actuaries and accountants – all are not known for their...
View ArticleHedge fund partner hired by Morgan Stanley to run FX desk
In another sign that investment banks are stepping up efforts to stem the talent flow to the buy-side, Morgan Stanley has hired a partner from a hedge fund set up by JPMorgan prop traders just two...
View ArticleBig hedge funds picking on smaller rivals
In banking, the big are getting smaller – at least they’re trying to. In the hedge fund world, it’s the exact opposite. The biggest firms continue to dominate and steal market share from smaller...
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Five banks with expansionary FICC businesses. And who you need to know if you...
There is no shortage of banks looking to pull back from fixed income sales and trading. Credit Suisse, RBS, and Barclays have all made explicit statements about their intention to make hundreds (if...
View ArticleGMAT or GRE? It shouldn’t be a question for aspiring MBAs
If you plan on applying to business school, you have two options when it comes to admissions tests: the GMAT, which business schools have been relying on for decades as their standard exam, and the...
View ArticlePsychologists analyze Bill Gross, advise on avoiding his mistakes
Bill Gross’s bad time is getting worse. Allianz reported today that there were €22bn of outflows at Pimco in the first three months of the year. There was also a 28% reduction in operating profits at...
View ArticleMorning Coffee: M&A bankers swap jobs now to spend summer on beach. Goldman...
If you work in banking, now is the time to leave your job for a new one. Not only do you have your 2013 bonus, but summer is starting and if you’re sufficiently senior you should get at least three...
View ArticleFive smaller firms with an appetite to hire investment bankers
Now that it’s become apparently clear that investment banks are still wielding the axe, despite a pick-up in recruitment in the final quarter of 2013, it’s worth looking at your career options. Some...
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How bonuses of $250k, $500k and $1m are structured at Morgan Stanley
If you work for Morgan Stanley and are fortunate enough to receive a bonus of $250k or more, how much of it will you receive in the form of readily expendable cash? The immediate answer seems to be:...
View ArticleHigh risk equals low pay in the new age of banking
For decades, the highest earners on Wall Street worked in the most risk-intensive areas, namely trading. That streak ended last year as new regulations and low market volatility closed the purse...
View ArticleThe junior banker’s guide to affordable food and drink on Wall Street
Interning on Wall Street typically means three things: long work days, minimal sleep and rather mediocre dining. As a resident of New York City’s financial district, I can confirm that the Wall Street...
View ArticleDeutsche Bank warns of ‘severe consequences’ for any bankers showing vulgar...
Don’t embarrass us! In what may have been a response to a recent incident, Deutsche Bank’s investment banking co-chief has made it implicitly clear in an internal video that “vulgar” behavior will not...
View ArticleHere’s what it takes to get a job at RP Martin, the brokerage firm at the...
It’s not turning out to be the best year for RP Martin, the inter-dealer broking firm. First of all, one of its employees was shot in the leg by a masked gunman (allegedly an ex-colleague from a...
View ArticleThe overlooked Asian banks currently staffing up (and paying well) in...
If you’re looking for a banking job in Hong Kong or Singapore, Chinese banks aren’t your only alternative to Western and home-grown institutions, especially if you’re after a big pay rise. Recruiters...
View ArticleMorning Coffee: BAML bankers weep over deferred bonuses. Banks rebrand as...
If you see a fellow finance professional from Bank of America Merrill Lynch (BAML), treat him or her gently. Take especial care if that BAML banker happens to be quite senior and has a lot of his...
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Hall of shame: the worst places for women to break into the senior ranks in...
If you’re a woman thinking of entering the financial sector, you may have thought that all the mentorships, diversity schemes and women’s groups in investment banking now provide the infrastructure to...
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