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Here’s how analysts can stop themselves being exploited by associates
As an analyst in an investment bank, you may find yourself urged into overwork by your associate. A new experiment by French researchers at the ‘Group of Analysis and Economic Theory’ in Lyon, offers...
View ArticleMorning Coffee: ANZ set to expand in private banking in Asia?
ANZ could potentially be set to hire more private bankers and make it easier for its existing ‘premium bankers’ to move up the ranks. The firm has merged its Asian private banking and wealth units...
View ArticleAsian PE firms cut 80% of candidates after one interview: here’s how to beat...
Investment bankers in Singapore and Hong Kong have pocketed their bonus and some are now contemplating a potential move into private equity. As banking bonuses have fallen and the PE sector has...
View ArticleGoldman Sachs-led instant communication platform, ‘Symphony’, is doing some...
Ever since it became apparent that bankers were using chat rooms and instant messaging for things other than business-like communication with clients and conversations about their weekends, banks have...
View ArticleThe MBA courses that are most likely to lead to investment banking jobs
Investment banking is not a hip career choice for MBAs. The number of new graduates choosing to enter the sector is on the decline, outside of the US investment banks are recruiting fewer business...
View ArticleHave Barclays’ redundancies dried up ahead of results day?
We’re just asking because…even though Barclays still has around 4,000 redundancies still to go in its investment bank, the UK Financial Conduct Authority (FCA) Register, filtered by information firm...
View ArticleBridgewater launches new hedge fund unit; Freddie Mac, Deutsche Bank quietly...
In the latest hiring roundup, Bridgewater is recruiting quants, Freddie Mac is adding displaced traders and Deutsche Bank is quietly hiring in New York. Bridgewater hiring brainiacs The world’s largest...
View ArticleMorning Coffee: Goldman cuts Singapore jobs as banks pay price for “overhiring”
Goldman Sachs has become the latest firm forced to trim its Asian ranks this quarter as headhunters accuse investment banks of having hired too aggressively in the region. About 15 people, roughly 30%...
View ArticleWhat it takes to get an investment banking job in Hong Kong
Competition for graduate investment banking jobs is getting more intense than ever. Once seen as something of a soft touch for graduates who couldn’t get hired in London or New York, banking jobs in...
View ArticleThe staff RBS wants to keep on in Asia are already looking for work elsewhere
RBS has a retention problem in Asia. Yes, the bank is cutting to the bare bones – from 2,800 employees to just 200 across the region – but sales and trading form the rump of those it wants to keep. The...
View ArticleThe most overrated jobs in investment banking
Now that most jobs in investment banks pay less than they did, but still require that people work as diligently as ever before, their appeal is waning. Everyone now knows that junior bankers work crazy...
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Gigantic further cost cuts to come at Barclays’ investment bank. But pay is...
2015 could be a nasty year for people at Barclays investment bank. Following seven months of cost-cutting and the extraction of 2,100 jobs, things still aren’t looking good at all. Barclays is...
View ArticleJunior investment bankers’ commitment problem
The job of an investment banking analyst is tough. Weekly hours stretch into triple figures, workloads are unpredictable and job security isn’t fantastic. You’ll have to prove yourself even before you...
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How much you will earn as a VP and director in an investment bank
Much has been written about how much analysts and associates earn in investment banks. Much has also been said about the complexity of senior-level investment banking pay, which now comprises salaries,...
View ArticleThe crafty yet brutal way bankers share bonus numbers
Bonus day can be very awkward. Some hit the jackpot, many are disappointed and others even get the dreaded zero-bonus, which means their time is likely numbered. But, as we’ve reported previously, it’s...
View ArticleMorning Coffee: Another day, another 15 more banking job cuts in Singapore
The week began with the news that Goldman Sachs had shed 15 investment banking jobs in Singapore since early January. Now the Business Times is reporting that CIMB has also cut 15 roles from its...
View ArticleJunior bankers in Asia too terrified to change jobs
If you’re an experienced private banker in Singapore or Hong Kong with a bountiful book of loyal clients, you may well be contemplating changing employers in the near future. With so many private banks...
View ArticleWhy you still need skill to be a junior trader in an investment bank
Ten years ago, traders in investment banks were able to make ‘proprietary’ bets with the bank’s own money. If they thought security A was going to rise, they could hold it until it did. Now,...
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Actually, Barclays is quietly hiring equity researchers and more
After yesterday’s results, you could be forgiven for thinking that Barclays’ once impressive investment bank is on the way to insignificance. There are almost certainly thousands more job cuts to come...
View ArticleThe hardest jobs to fill at UBS, J.P. Morgan, BAML, Citi, Credit Suisse,...
Investment banks are in the midst of the business recruitment season of the year. New hiring budgets have been signed off and there are plenty of exciting and potentially lucrative opportunities...
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