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Lloyd Blankfein’s sons, Jonathan and Alex, didn’t stay in jobs at Goldman...
Following our earlier remarks about the apparent tendency of senior bankers’ sons to sashay into summer jobs in the style of Rahul Pandit and Jonathan and Alex Blankfein, it seems worth pointing out...
View ArticleDo you have what It takes to be a great trader?
Being a successful trader on Wall Street takes an even mix of innate and learned abilities. You better be highly intelligent and have an inspiring work ethic, but you also must be emotionless,...
View ArticleFive key takeways from Citi’s Q2 results
Citigroup is the first of the large U.S. banks to release Q2 2014 results today. Conveniently enough, they’re overshadowed by the fact that it also just unveiled a $7bn settlement with the Federal...
View ArticleOppenheimer hiring traders, mulling advisors; London fund growing abroad
In the latest hiring round-up, Oppenheimer is in aggressive expansion mode, Deutsche Bank is hiring middle and back office staffers and several hedge funds are growing globally. Oppenheimer hiring on...
View ArticleLocal finance professionals in Singapore think expats enjoy lavish benefits;...
Your employer is offshoring jobs and your manager is constantly talking of cost-control, but meanwhile your expat colleagues are being lavished with expensive benefits – their accommodation and...
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Morning Coffee: End of the ex-Goldman banker who hired hundreds, wanted to...
Persons working for VTB Capital in London can breathe a sigh of relief, possibly. Bloomberg reports that Atanas Bostandjiev, the ex-Goldman banker who expanded the Russian bank’s international...
View ArticleSix exciting new London finance firms that could offer job opportunities
The past three months have seen a raft of new firms gain authorisation from the Financial Conduct Authority in London, with hedge funds, private equity firms and boutique investment banks among them....
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Banking: is the lifestyle still worth it?
In the case of Jeremie Banet, something seemed to snap. Banet, a French portfolio manager, ex-BNP Paribas banker and graduate from the prestigious Paris IX Dauphine University, had been working at fund...
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Pay squeeze at JPMorgan, while Goldman Sachs’ pay rises
JPMorgan is cutting costs. Daniel Pinto, chief executive of the corporate and investment bank, is reportedly casting around, looking for paper clips and other costs to eliminate. Pinto also seems to be...
View ArticleMeet the new candidates KPMG is actively looking to hire
Big Four accounting firms like KPMG continue to grow, particularly when it comes to adding fresh talent out of school. But, like in banking, the profile of candidates is changing. No longer are firms...
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Jamie Dimon cancer treatment: is he being a workaholic?
Jamie Dimon has cancer. Yes, it’s curable. Yes, it’s restricted to a small area of his throat and is only in the lymph nodes on the right side and hasn’t gone any further. Yes, he’s had exhaustive...
View ArticleHow to make a stunningly successful first career move in Asian banking
You’ve got through your first two years at a bank in Asia and are finally no longer considered a graduate-level hire. You’re now deciding whether to stay with the firm that’s invested time and money in...
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Morning Coffee: When naïve traders agree to informal bonus formulae. BofA’s...
Whatever you do, don’t join a bank promising formulaic bonuses without getting that promise in writing. This is the lesson from Andrew Brogden and Robert Reid, the former head and deputy head of the...
View ArticleThe six hottest jobs on the buy-side right now
Asset management, as many senior investment bankers have been at pains to point out, has a bright future. Those in the know on the sell-side need to make the move to the buy-side, and sharpish, before...
View ArticleHow investment banks are targeting fintech talent
Investment banks spend billions each year on technology, have armies of developers, architects and project managers overseeing cutting edge products – or at least those with enough firepower behind...
View ArticleGoldman Sachs jobs: this is what the bank really said yesterday
So, yesterday was Goldman Sachs’ second quarter results day. As we reported yesterday, the firm did better than expected. It also increased pay and headcount year-on-year. However, there was more to...
View ArticleIn trading, has better than expected become good enough?
Kind of crappy but better-than-expected with little visibility over the future quarters – that’s been the consistent narrative surrounding Wall Street trading during second quarter earnings calls. The...
View ArticleWhy Bank of America’s FICC trading results are (slightly) overrated
It’s difficult to call a bank’s results ‘overrated’ when it sees a 43% decrease in profit, based mainly on large one-time litigation expenses, but the one main highlight that came out of Bank of...
View ArticleWho’s in Bank of America’s huge summer intern class this year?
Bank of America is hiring lots of juniors. Nearly one year on from the death of Moritz Erhardt, it was reported this morning that Bank of America Merrill Lynch (BAML) has hiked its intake of analysts...
View ArticleBlueBay boosts pay by 26%, continues to hire from investment banks
BlueBay Asset Management, the $62.5bn hedge fund owned by Royal Bank of Canada, has boosted pay for its staff by 26% and increased headcount during a year when both assets under management and revenues...
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