M&A bankers enjoying inversion marathon while it lasts
Inversion mergers, where large U.S. companies purchase smaller foreign firms and relocate overseas to avoid local tax rates, has been a hot topic in recent months, with President Obama publicly...
View ArticleThe new investment banking super-stars happen to work in IT
The chances are you may not have heard of most of the people at the top of the tree in investment banking technology and if they spoke in any detail about the specifics of their jobs you’d be...
View ArticleThe five best boutique consulting firms to work for
When it comes to employers of choice in consulting, nothing has changed in decades. Bain and McKinsey are the top ranked firms on every list, every year, including the latest employee survey from...
View ArticleECM bankers no longer rule the roost in Asia
Equity capital markets was once the only department worth working in at a global investment bank in Hong Kong – but these days the sector is oversupplied with candidates. ECM teams were cut back during...
View ArticleMorning Coffee: 25 best young finance brains outside banking. Banking jobs...
In the minds of purists, bankers are sellouts, and academic economists are the hygienic embodiment of finance with principles. If you’re a young person working in banking today, you may therefore like...
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Where the investment banking jobs are being annihilated. Where they aren’t
Are the worst of the investment banking job cuts over? Despite the decline in fixed income currencies and commodities (FICC) trading revenues, there have been few large-scale redundancy announcements...
View ArticleTop researcher joins hedge fund Millennium Capital, leaves after 3 months
Earlier this year, leaving an equity research job on the sellside for an equity research job in a hedge fund was a thing. As we noted in March, plenty of equity researchers were doing it: Didier...
View ArticleThe Ice Bucket Challenge that may have spun Wall Street
The ALS Ice Bucket Challenge has raised an incredible amount of money to help fight Lou Gehrig’s Disease. The viral campaign, which has people dumping buckets of ice water on themselves and then...
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Junior banker pay: the complexity
Junior bankers are being paid more. Or at least they’re being paid higher salaries. Or at least they’re being paid higher salaries at some banks than others. US banks like Morgan Stanley, JPMorgan and...
View ArticleSix ways to cement your relationship with a recruiter
Whether or not you prefer working with a recruiter during your job search (based on a few previous comments, some of you certainly don’t), you have to admit that the good ones can open career...
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Banking CV Clinic: Can I leave my M&A boutique and join a private equity...
From now on, we will be running semi-regular ‘CV Clinics’ in which we ask our top CV doctors to give their verdicts on whether your resume will get you the job you want in financial services. This...
View ArticleWhat you need to know about asset management jobs in Asia right now
Asset management jobs across Asia Pacific are enjoying a revival in hiring this year. Buy-side recruiters in Singapore, Hong Kong, China and Australia say that they have more asset management jobs on...
View ArticleMorning Coffee: Banker returns from 2nd holiday of the year, predicts doom....
How many holidays does one pessimistic researcher need? If you’re Albert Edwards of SocGen, try two – one in January, one in August. But don’t expect either of them to leave you filled with hope for...
View ArticleMeet the keen young analysts hired by Bank of America this year
Bank of America Merrill Lynch is the first major investment bank to unveil its latest UK analyst class, giving the freshly-minted graduates their formal approval by the Financial Conduct Authority this...
View ArticleEx-maths tutor becomes latest man to migrate to Switzerland with Brevan Howard
Brevan Howard is moving people to Geneva. We know this because the hedge fund’s recently filed annual return revealed a longish list of Swiss émigrés, while the number of registered employees working...
View ArticleJapanese banks may actually want to hire you – and you may want the job
For years, if you wanted a top job at a Japanese bank you needed to be two things: a man and Japanese. Over the last year in particular, that narrative has begun to change. Japanese banks are hiring...
View ArticleWhy London bankers on £250k ($415k) are poor, redux
If you’re a banker in London, something very bad has happened to your disposable post-housing income over the past decade. Data from the UK Land Registry reveals that a residence purchased in...
View ArticleThe do’s and don’ts of being a Wall Street trader
This summer, Wall Street trader-turned-standup-comedian Raj Mahal has given us a window into what it’s like to be a rookie trader, plus tips on spotting the difference between a European and American...
View ArticleBankers should be at Burning Man. Or not
Is Frank Quattrone at Burning Man? Frank should be. His moustache would fit well with the desert hipsters. The legendary tech banker might also find some work there. As has been widely...
View ArticleMorning Coffee: Citi belatedly pays allowances to 600 people....
Goodish news for 600 bankers at Citigroup. Nearly 10 months after the implementation of the European Union’s 100% cap on bonuses, the Financial Times reports that the US bank has decided to follow in...
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