Boutique or big bank? It all depends on the size of your Rolodex
Well over a decade ago, before going to college, I spent a year as a golf club salesman in Connecticut. On my first day, I sold a $300 set of non-brand-name irons. My commission: $50. Not bad. A few...
View ArticleAre you psychopathic enough to work in banking?
The idea that the financial services industry is full of psychopaths who want to deprive fully-socialized individuals of their money is one that’s been doing the rounds ever since the financial crisis....
View ArticleThe hardest interview questions and how to answer them
For most people, the toughest interview questions aren’t quantitative or theoretical. They are those that deal with a candidate’s weaknesses, employment gaps and salary demands, among others...
View ArticleLGBT and straight bankers not on the same page when it comes to discrimination
Compared to other industries, Wall Street has proven itself to be a champion of LGBT (lesbian, gay, bisexual, transgender) equality. Banks have installed innovative and productive workplace programs...
View ArticleBut what about Morgan Stanley and JPMorgan in Glasgow?
Scotland may/may not be seceding. Scotland’s banks may/may not move to London. Scotland may/may not keep the pound. Scotland’s fund management industry may/may not wither and die in a wild and cold...
View ArticleThe perfect profile for an investment banking job in Asia right now
If you’re searching for a senior investment banking job in Asia right now, the employment market in mainland China is looking particularly buoyant. Instead of the usual summer hiring lull, recent...
View ArticleMorning Coffee: Google applications crush applications to Goldman Sachs....
Goldman Sachs is a popular sort of a place to work. We know this because earlier this year, Lloyd Blankfein and Gary Cohn disclosed that they received 43,000 applications for the bank’s 1,900 analyst...
View Article$1.1m pay packets as Och-Ziff London profits surge by 115%
If you want to get an idea of what pay is really possible in large, publicly listed hedge funds, it’s worth looking at the figures filed in small subsidiaries over the accounts unveiled by the investor...
View ArticleWhy you wouldn’t want to be an overworked, underpaid M&A professional...
Where must you work as an M&A banker in Europe if you want to earn good money? There is only really one answer: London. New salary and bonus figures for vice president (VP) level M&A...
View ArticleThe top 20 universities globally for getting a job in finance
The QS World University rankings are out. In the British press, there’s excitement over the fact that four of the all-round top six universities are based in the UK. However, if you want to work in...
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Most bankers believe in God
Lloyd Blankfein may have been joking when he said he was doing God’s work, but most people in banking might say the same thing in all seriousness. Surprisingly, perhaps, a majority of bankers in the...
View ArticleInvestment research firm looking to add headcount in New York
One of the easiest ways to find out where the next big round of hiring will happen in any industry is by reading the real estate clippings. If a company moves into a giant new office building, you can...
View ArticleHow to get an entry level job in investment banking operations
Once you delve into the world of investment banking, you will soon hear the terms ‘front office’, ‘middle office’ and ‘back office’. When people talk about the front office, they’re talking about the...
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This is how much you should earn as an investment banker in your 30s
Banks are paying junior staff more. Just three years out of university, and our research suggests that young front office banking professionals in sales, trading, research, M&A, or capital markets,...
View ArticleDo MBAs have what it takes to work in investment banking now?
It’s getting tougher for MBAs to get into investment banking. Firms are curtailing the number of people admitted on to their associate programmes, preferring instead to focus on fresh undergraduate...
View ArticleJefferies to open another office, new equities group planned in London
In the latest hiring roundup, Jefferies opens a new office, Citi plans a commercial banking push in Asia and an investment research firm looks to double its staff in New York. Jefferies gets Nordic US...
View ArticleSingaporean job seekers regain their swagger, push recruiters hard over pay
Candidates searching for banking jobs in Singapore are growing in confidence, turning the screws on recruiters by making unrealistic demands about compensation and work-life balance. The renewed...
View ArticleMorning Coffee: Orcel’s UBS shakeup gets nasty. Trader makes £200k...
Andrea Orcel is shaking up UBS. As Financial News noted last week. UBS has been hiring all sorts of new senior investment bankers this year (eg. Ian Carnegie Brown, Nick Reid, Giles Borten, Glenn...
View ArticleExpansionary hedge fund continues to tap investment banks’ traders
Millennium Management has continued its London expansion, poaching senior traders, researchers and portfolio managers from JPMorgan, Morgan Stanley and Nomura as well as targeting other hedge funds for...
View ArticleThe 5 most in-demand front office banking jobs of 2015
If you’re in the northern hemisphere, today is the first day of autumn: 2015 is in coming into view. So, will next year bring a resurgence in front office investment banking recruitment? Yes, but not...
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