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The sicknesses that strike investment bankers. And how to cure them
If you work in investment banking you might get sick. Worse: you might get sick and not even know it. I was a managing director at a leading global U.S, investment bank and I saw plenty of sickness....
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The new Asian billionaires who could reshape your banking job in 2018
Asian millionaires and billionaires are getting younger – and that’s forcing private banks in the region to refocus their hiring plans for 2018. Asia now has the highest number of billionaires in the...
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Morning Coffee: The world’s most successful hedge fund manager is also a very...
At 79 years old, Jim Simons has a few bad habits. One of them is continuous smoking. Another is keeping more than $7.5bn in an offshore fund in Bermuda . Following revelations of the latter, Simons has...
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Top macro traders at struggling Caxton Associates are being snapped up elsewhere
One of the top macro traders at Caxton Associates in London, who left earlier this year as the hedge fund restructured after a tough period, has just re-emerged at Izzy Englander’s $35.3bn firm,...
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Christmas rapture as hedge fund closure ejects top traders onto market
It’s not every day that a hedge fund closes and ejects hundreds of highly desirable, highly talented traders onto the market. It’s even less often that this happens just before Christmas when most...
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Why your chances of landing a job at Moelis are slimmer than ever
In June. Moelis & Co celebrated its 10-year anniversary, and a lot has changed for the independent investment bank in the ensuing decade. That first year, it hired three students who started as...
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The speed route to executive director at Goldman Sachs
It’s promotion season in investment banks. Managing directors aren’t the only ones being informed of their new positions: vice presidents (VPs) and executive directors (EDs) are being bumped-up too....
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Here’s what seven top New York hedge funds pay
Those running successful hedge funds haul in millions, if not billions. But what about the rank and file? Pay is high compared to most of the U.S, but not stellar when you only consider base pay. Maybe...
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This is how much Facebook actually pays its people in London
Thinking of leaving an investment bank to work for Facebook? If you’re in London, you’re in luck. Facebook recently announced plans to hire 800 new people for its U.K. headquarters in London’s West...
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This is what the banking job market in APAC was really like in 2017
If they’re not on holiday already, banking recruiters across Asia Pacific are desperately trying to land last-minute job offers for candidates who don’t mind moving before the bonus season. Now is also...
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Morning Coffee: This is why people really want to move to the buy-side....
Despite some misconceptions as to what’s actually involved, buy-side careers (in asset management )are enduringly popular among people disaffected with the sell-side (investment banks). If nothing...
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Meet the ex-senior investment bankers trying to unlock tech millions
When Greg Wright headed corporate finance in London for Merrill Lynch in the early-2000s, it was a simpler time for equity capital markets. While this year has seen a string of cancelled UK IPOs,...
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Another bank announced bonuses. But there’s a catch
As the end of year approaches, more banks are divulging bonuses. The latest to go is Berenberg in London. As at RBC last week, Berenberg’s London bonuses seem surprisingly acceptable (given dire...
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I’m an MD in an investment bank. This is my Christmas pep talk to the team
It’s been a tough year. As 2017 draws to an end, I’ll be glad of the festive rest. This time of year can be exhausting for anyone, but in banking it can seem even more so. Year-ends create pressure to...
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Voice-trading fintech firm Cloud9 is hiring from banks
Cloud9 Technologies is one of a string of regtech firms offering technology to monitor investment banks’ trading teams, so it’s no surprise that it’s targeting sell-side firms as it builds its team....
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The big question for Goldman Sachs: did it over-fire?
Goldman Sachs has had a bad run. In the first nine months of the year, its fixed income sales and trading revenues fell 23%, more than at any other investment bank. There are moves afoot to remedy...
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12 ways to use the holidays to land a banking job in 2018
The festive season is upon us and banking professionals are finally taking a break from the stresses of deal-making and regulatory updates. But if you plan to look for a new banking job in 2018, don’t...
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Six steps you must take before quitting your job for a new role
Leaving one financial services job for another is never an easy thing to do, and each step of the process of quitting to one employer before joining another requires a bit of thought. Here are the...
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Morning Coffee: About those gigantic bonuses at Jefferies… New Brexit...
Jefferies hired a lot of people in 2017. Seems you should have been one of them… Not only did the house of Handler add 121 people last year, but it paid extraordinarily well. Average compensation per...
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A VP’s advice to all the banking MDs who need to cut costs in 2018
I’m a vice president in an investment bank. I’ve been here five years after joining through a side entrance as an associate, and if I’ve observed one thing, it’s that banks are wasteful places. There’s...
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