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Sign up to a boutique investment bank for a big pay day
Does Evercore pay more than Goldman Sachs? Can you haul in more at Greenhill than J.P. Morgan? On an average-pay-per-head basis, the answer is a resounding yes. Included within the much-covered report...
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What the signatures of Blankfein, Dimon, Gross and Ackman tell you about them
What’s in a signature? Some believe it’s just a utilitarian conclusion to a piece of writing. Others think signatures can provide a window into a someone’s personality, particularly their work persona....
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The best and worst places to work in investment banking now
The investment banking job market for revenue-generating employees appears to be in a state of calm. Yes, banks are still cutting in the front office, and more firms are highlighting the need for...
View ArticleMysterious staff leakage at Macquarie Capital in London
Move along: there is nothing to see at Macquarie Capital. Nothing to see at all. Earlier this week, the Australia bank said trading conditions in its capital markets, commodities and financial markets...
View ArticleThe 20 most hated office clichés in financial services
With another year under our belt, we thought we’d update our list of the most reviled clichés in all of financial services – the empty phrases your colleagues and bosses utter on a daily basis that...
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A short history of the bonus pool at Barclays’ investment bank
Barclays has yet to announce full year results for 2014. This is not inhibiting speculation about the depth of its bonus pool. Citing an unnamed ‘insider’, the normally reliable Sky News reports that...
View ArticleA small sample of the exceptional people who got summer internships at...
If you’re a good student and you’re wondering why your application for a summer internship in an investment bank has come to nothing, you may want to have a look at some of the people who have landed...
View ArticleWhy one trader quit Citigroup to start the ‘eBay’ of bond markets
Paul Reynolds quit Citigroup in 2012 after nearly 30 years as a fixed income trader, but in contrast to the banks’ focus on elite graduates these days, he only went into finance in the first place...
View ArticleVulgarity, taciturnity and tantrums. The jeopardy of bonus season
“It’s such a weird day,” says a former MD from the markets business of UBS. “Such a weird day – you go to a room, receive the envelope, look inside it, and then you go back to your desk and express no...
View ArticleWant a job in high frequency trading? Here are the pay and career prospects...
High frequency trading (HFT) firms like to fly under the radar. The publication of Michael Lewis’ Flashboys last year and the increased amount of regulatory scrutiny around HFT hasn’t encouraged them...
View ArticleHow I got an internship in IBD without a perfect CV
Elitism and banking are like plastic toys and McDonald’s Happy Meals. If you’ve got the right educational background, well-connected parents and a stack of internships, you’ll be in. If you haven’t,...
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10 things you need to know about pay at HSBC’s investment bank
HSBC’s fourth quarter results are out. If you work in the Global Banking & Markets (GB&M) business they were not good. In fact, in the words of Investec analysts they were “exceptionally weak.”...
View ArticleGreenhill to launch new M&A group; fresh hedge funds open in London
In the latest hiring roundup, Greenhill is launching a new M&A group, UBS is considering reopening a debt unit and the ECB is on a hiring spree. Greenhill launching new advisory group Greenhill is...
View ArticleMorning Coffee: Senior bankers in Singapore set to pay more tax but unlikely...
Some very senior bankers in Singapore will soon face five-figure tax rises, but this shouldn’t affect the city state’s ability to attract and retain talent, say headhunters. The top marginal tax rate...
View ArticleThe bank I want to join is firing people. Help!
Several banks are restructuring in Asia right now – trimming back unprofitable business units and making layoffs. Standard Chartered is closing down its equities division, with about 100 job losses in...
View ArticleBurned out junior bankers in Hong Kong start looking for an escape route
When David Zhu, a former investment banking analyst at Goldman Sachs in Hong Kong, quit to join a private equity firm in Beijing, he wrote an epitaph to the city as a hedonists’ paradise. It went...
View ArticleLloyds Banking Group rolls out another 10% rate cut for contractors
If you’re an IT contractor working at Lloyds Banking Group, you will be no stranger to pay cuts. Lloyds has regularly rolled out unilateral rate cuts to the thousands of contractors on its books over...
View Article10 questions to ask before you quit your current finance job
You’re disgruntled. You’re bored. You’re restless. You’re dogged by the sensation that there are other jobs at other firms in which you would be more fulfilled, better appreciated, better paid and...
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Are you ready to pay these huge fees for a 66% chance of a first finance job?
Getting a first finance internship is hard work, especially if that internship is a summer internship of the kind that might result in a job offer at the end of it. So would you pay £5.1k ($8k) for an...
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13 charts on the past, present and future of J.P. Morgan’s investment bank
Last week’s prediction has come to pass: J.P. Morgan is indeed cutting costs from its investment bank. During today’s investor presentation, the firm outlined plans for stripping out $2.8bn of expenses...
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