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Let’s get this clear: you don’t need to study finance to work in finance
Not long ago, I was asked why an investment banking firm or hedge fund would ever hire someone who didn’t have a degree in economics or finance or some other supposedly ‘relevant’ subject. The better...
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Morgan Stanley hired an AI expert from the fashion industry
Banks are looking outside finance as they build their capabilities in artificial intelligence (AI). Morgan Stanley’s newest expert in AI and cloud engineering comes from the fashion industry. Santhosh...
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Big hiring at small bank that pays cash bonuses
Forget MiFID II: one small European bank has been going all out in its recruitment of equity salespeople and equity researchers. Berenberg, the privately owned German bank that pays all-cash bonuses,...
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Why quants fail in finance, by a former prop trader at Morgan Stanley
As the director of a PhD program in data science, I give all my students the same advice regardless of what they major in. – Data science and computing skills are the “new math.” If you don’t have a...
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The man with the hardest job at Deutsche Bank
Peter Selman had a good rest before he joined Deutsche Bank. After a 22 year career at Goldman Sachs which ended when he retired (in Goldman vernacular) in September 2016, 45 year-old Selman arrived at...
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Ex-Stan Chart and UOB director leaves Singapore banking, heads to start-up
A senior banking strategist, who’s held director-level roles at UOB and Standard Chartered in Singapore, has joined a fintech firm based in…India. UOB executive director Karthik Raghupathy moved to...
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Morgan Stanley highlights the new hot area in Hong Kong banking
Do you work for a global bank in Hong Kong? The future of your job is increasingly being decided not by your firm’s head office in the US or Europe…but by the Chinese government. And as a result, the...
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Morning Coffee: Deutsche Bank’s M&A bankers have been living the high life....
When John Cryan came to Deutsche Bank, he tried hard to crackdown on extravagance. Journalists from Handelsblatt shadowed him in 2015 and depicted a man with a battered briefcase on a mission to...
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The XIV ETN could’ve blown up the Credit Suisse bonus pool
In the 2008 financial crisis, it was structured investment vehicles (SIVs) and collateralized debt obligations (CDOs) that were at the heart of the action. We don’t have a new financial crisis (yet),...
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BNP Paribas bankers stand to lose €9m in bonuses as the share price falls
As stocks are roiled by the market rout, bankers at BNP Paribas might want to cash in quickly. The French bank’s share price is down nearly 3% today to €62.8 and may yet fall further still. Were it to...
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“My algo-reliant junior colleagues are going to be burned alive”
I’ve been here before. I was here in 2008. I was here in 2001. I’ve worked on both the buy-side and the sell-side for two decades. Markets like these come around. When I look around me though, I’m the...
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Why you’ll love and hate life at PwC, Deloitte, EY and KPMG
The Big Four accounting and audit firms are often lumped together in the minds of candidates. All are prestigious and require travel and long hours. But that doesn’t mean each Big Four professional...
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Seven front-office Asian banking jobs you can get BEFORE Chinese New Year
The busy season for hiring in Hong Kong banking only really kicks off after Chinese New Year. But while front-office vacancies are comparatively thin on the ground right now, there are exceptions....
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Morning Coffee: The best places to work as markets puke, and the worst. The...
After a tedious 2017, the thrill of working in trading is back. This week’s big swings on global stock markets have generally raised traders’ hopes of higher volatility (and higher fees) in 2018. But...
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A Goldman Sachs ED quit to found a diamond trading company
What could be preferable to working on the trading floor of a leading global investment bank? Perhaps establishing a business based on your family’s occupation, especially when that occupation deals...
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God told me to leave banking. My colleagues congratulated me on getting out
I spent three years working in finance and left in August 2017. The job was interesting and I had a good future ahead of me. I worked in macro sales for Barclays and I’d just been promoted. It had been...
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J.P. Morgan MD quits as senior staff start trickling out of U.S. banks
Will this (finally) be the year in which senior bankers decide finance careers aren’t worth the aggro? Maybe, particularly if markets turn sour. With bonuses at U.S. banks already, paid some senior...
View Article“I returned to my bank after parental leave and was offered a promotion”
When Soraya Alali returned from parental leave in 2010 she asked her employer, Commonwealth Bank, whether she could work part-time. Not only did the bank fully support her request for flexible work...
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The worst Wall Street interview questions of 2018
For the most part, if you’re going through the recruitment funnel at a Wall Street bank, then you’ll be doing job interviews with highly intelligent, competent professionals. However, for internships,...
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Deutsche Bank’s secret method of saving money on junior bankers
Are you an analyst or associate in an investment banking division (IBD)? Do you want to work for Deutsche Bank? If so, you may be asked to situate yourself in…Birmingham in the heart of the UK....
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