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Morning Coffee: The entry-level finance jobs paying $300k for 45 hour weeks....
If you’re a recent graduate working 80 hours a week in an investment banking division for £66k ($81k) a year, you’re doing it wrong. If you got your job after going through investment banks’ convoluted...
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Jefferies has been doing some big hiring for its London operation
Jefferies has been hiring. While few investment banks have been willing to commit to new recruits this year – thanks to Brexit uncertainty and ongoing challenges – Jefferies has continued to build its...
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Citadel has just hired this senior Goldman Sachs derivatives trader
A senior Goldman Sachs trader who has been working for the bank since graduating over 12 years ago, has just made the jump to the buy-side. Travis Chmelka, a managing director in equity derivatives...
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The $bn struggle to replicate Goldman Sachs’ special powers
There’s a piece of Goldman Sachs that every other bank wants. Billions have been spent in its pursuit, but with the possible exception of J.P. Morgan, no other bank has achieved it. The genesis of...
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BlackRock MD: People are the problem when it comes to machine learning
Forget siloed quant teams, overworked developers or the superiority of the human mind, there’s one big impediment to artificial intelligence really taking off in financial services – the current staff....
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“Why I made VP aged 28 and you might not”
It was 1999 when I started out as an analyst in an investment bank. It was 2007 when I became a VP. My path to the mid-ranks of finance was smooth, but not everyone is as lucky. If you want to make VP...
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Deutsche Bank’s former head of equity sales trading says traders need to...
The former head of international equity sales trading at Deutsche Bank says that trading careers are alive and well, and that surviving is simply a case of finding the right mentor and understanding...
View Article“Dominating” bosses, junior job cuts: welcome to Chinese private equity
Private equity in China is becoming a tougher sector to work in as deals decline, funds close, and PE firms cut junior hiring. “The PE industry is different from ten or even five years ago,” says Jason...
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Former Asian equity sales head warns of doom for traditional research jobs
Raghav Kapoor, a former Religare Capital Markets MD and Citi VP, isn’t optimistic about the long-term career prospects for equity researchers within large banks. “A bank ultimately can’t expand its...
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Morning Coffee: The soccer-loving ex-Goldman banker who would be Deutsche...
What do you know about Marcus Schenck, the co-head of Deutsche’s newly re-integrated investment bank? Probably not a huge amount. But the former CFO is now being groomed to be a potential successor to...
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The biggest raises for VP traders on Wall Street
Working as a VP in an investment bank can be a thankless place to be. It’s where your career tends to come to a standstill and the director or MD level job becomes ever more aspirational. Couple this...
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Hiring plans by bank in 2017
Which banks will be hiring in which areas this year? Financial services recruiters suggest a patchy, reactive market, with banks hiring asymmetrically as they each pursue individual goals and fill...
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Ex-Goldman derivatives head on why he left shrinking investment banks for an...
John Macpherson’s final job in investment banking, as head of European head of listed derivatives at Citigroup in London, lasted around two months. He is, he says, the “guy you bring into grow a...
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This Barclays managing director is the latest senior banker to launch his own...
Going it alone is the new thing for senior investment bankers. Maybe they’re trying to emulate Simon Robey and Simon Warshaw by eating up bulge bracket banks’ market share, but setting up a boutique...
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Investment banks’ analysts are not flooding to the buy-side, says T. Rowe...
Steph Jackson, the director of equity research for North America at T. Rowe Price, now manages 90-plus research analysts in the asset management giant’s Baltimore headquarters, where he’s worked for a...
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Career reinvigoration when you leave Nomura: 3 lessons
Banking careers often follow a certain gravitational trajectory: start high, and move progressively lower before quitting the industry altogether for ‘fintech,’ or maybe real estate, or maybe cookery...
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The best and worst hedge funds to work for in 2017: two charts by Deutsche Bank
The good news is that some hedge funds still want human beings. The bad news is that – based on assets under management – not all hedge funds will want as many human beings in future. This is the...
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This is what your private banking salary and bonus should be in Hong Kong
As private banks in Hong Kong – most notably Credit Suisse and Julis Baer in 2017 – continue to increase their headcounts, it’s increasingly important for relationship managers to know how their...
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These are the skills you need to survive in banking tech: adapt or die
Barely a week goes by without a major bank announcing a restructure, transformation programme, or rebalancing of their strategy. Despite this, banks are still investing heavily in technology, but the...
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“I’ve been a banker for 21 years. This Executive MBA helps me serve clients...
As a senior private banker at Credit Suisse in Singapore, Mary Ann Gabriel serves some of Asia’s wealthiest entrepreneurs. “Many of my clients are self-made. They might have started by opening a tiny...
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