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Where Asian investment bankers are still “massively” in demand and get 50%...
Investment bankers are still in high demand in China, but there’s a catch – you need cross-border skills and you must be prepared to shift into a corporate development role. Outbound M&A volumes in...
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The 25 most popular Masters in Finance for getting a job in Singapore banking
The Masters in Finance (MIF) qualification is slowly starting to gain traction in Singapore – a city where mid-career banking professionals have traditionally preferred taking MBAs. But where should...
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Morning Coffee: Bankers don’t lie, they have ‘unethical amnesia’. Storm...
Wells Fargo CEO John Stumpf’s ‘few bad apples’ excuse for the bank’s fake accounts scandal hasn’t really held water. 5,300 employees may be a small proportion of its total headcount – but it’s still a...
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The only real question banks will ask you in an interview now
If you make it to an interview at a top investment bank in the next two months, you can expect to be asked questions. A superabundance of questions. But only one will really matter: what makes you...
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Should you quit, or wait to be fired?
Investment banks are cutting back headcount the world over, and if you feel that the tap on the shoulder is more inevitable than likely, should you quit before you’re pushed out? The downside, of...
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Swiss bank in London loses in equities ahead of MiFID, Brexit
Mirabaud Securities, the brokerage and corporate finance arm of Swiss bank Mirabaud has lost staff from its London equities business. Will Draper and Andrew Hogley have left. Draper was Mirabaud’s head...
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You’re a 20-something in research. Bad luck
‘Juniorisation’ is a fact of life in investment banks’ markets divisions. Experienced traders and salesmen are being shipped out in favour of inexpensive juniors as banks continue to look for...
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Credit risk hiring and pay are on the upswing on Wall Street
Credit risk management roles are particularly stressful positions, and often lead to the feeling of disempowerment to boot. However, if you have the temperament to survive and thrive in such an...
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Hong Kong headhunters issue dire early warning on 2017 hiring and job cuts
Headhunters are warning front-office staff in Hong Kong that the current period of job cuts and low recruitment rates at global banks will extend into 2017. “Head offices in the West are still...
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How being rich in Singapore helps (and doesn’t help) get you a banking job
Being from a wealthy, well-connected family in Singapore will boost your chances of securing a finance internship, but it won’t help you get a full-time role, nor will it give you an edge on the job,...
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Morning Coffee: 24-year-old bankers on $280k find new way of socializing....
It’s not always easy being a young person working in the investment banking division (IBD) of a major bank. Not only are there the long and erratic hours to contend with, there’s also the pay...
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Millennium Capital has raided the ranks of BTG Pactual in London
BTG Pactual has been making some big cuts in its London operation. Millennium Capital Management, which has never been shy to take advantage of financial services firms ejecting talent, has swooped on...
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RBC’s new deputy head of research is also a bar manager
As a rule of thumb, you can be out of the market for six months before your finance career shrivels and dies and you’re relegated to a life of mentoring millennials whilst trading in your underpants....
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Goldman Sachs, Bain & Co. or Google? Take the test
If you’re an academic high achiever with aspirations to work for a world-leading firm of the sort that hires exceptional people, you’ve probably considered the tripartite of finance careers, consulting...
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Managing directors are leaving BlackRock in the U.S and UK
Earlier this year, BlackRock announced plans to cut 400 people – or around 3% of its total headcount. Yes, this is a tiny proportion compared to layoffs in investment banking, but a number of...
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Why this brother and sister quit their jobs to run a cannabis hedge fund
Emily and Morgan Paxhia’s respective career paths started off in vastly different areas, but they ended up intertwining, as the siblings decided to leave their jobs to launch a firm focused on legal...
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These ex-traders are trying to drag bond markets into the digital age
Plenty of people have left the trading floors of sell-side and buy-side firms to join or launch a financial technology startup, but in many cases fintech firms are focused on asset allocation, personal...
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10 terrible challenges job seekers in Singapore will face in Q4
It’s almost the final quarter of the year, and if you want a new banking job in Singapore over the next three months you will be up against a tough labour market. But what specific challenges will you...
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How to beat offshoring in Asia and get your banking career back on track
Global banks continue to shift back-office and tech-support jobs from Singapore and Hong Kong to lower-cost markets elsewhere in Asia. Early this month, for example, Barclays moved 100 roles from...
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What’s a tier 1, tier 2 and tier 3 investment bank now?
Once upon a time, people used to talk about “bulge bracket investment banks,” a term that loosely meant top US banks like Goldman Sachs, J.P. Morgan and (then) Merrill Lynch. The bulge bracket passed...
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