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Morning Coffee: The senior M&A bankers who aren’t worth the money. Lloyd...
Being a senior M&A banker can be a hard and thankless grind. As author William Cohan, a former M&A MD at J.P. Morgan, wrote a few years ago, managing directors in the industry face, “an...
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What Deutsche’s bankers should be most afraid of
When Deutsche Bank decided to do away with performance-related bonuses last year, it was supposed to be a one-off. Alasdair Warren, the bank’s head of corporate and investment banking for EMEA,...
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Eight ways to negotiate a better offer for your banking job
You polished up your resume, wrote an impressive cover letter, nailed the informational interview and made a strong impression during the in-person interviews. Your excitement builds as you get the...
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Another veteran equity analyst just quit to become an undergraduate student
Remember Brad Hintz? He’s the ex-Lehman CFO and ex-bank top-ranked Bernstein banks researcher who quit to become and adjunct professor of finance at New York University in 2014. What not many people...
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This is why technologists don’t like working for Goldman Sachs
Goldman Sachs needs technologists. It’s targeting STEM students and boasts that technologists already account for 25% of its staff. It’s hiring 50 coders for its Marquee product and is preparing to...
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Pole dancing to bench pressing: strange things Asian bankers stick on their CVs
The job market in Asian banking isn’t as healthy as it was last year. So if you’re about to write or revise your resume, you’ll want it to stand out from the competition. Some candidates in Hong Kong...
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Hong Kong banks hiring in-house chauffeurs for senior staff and “VIP” clients
Ride-hailing firm Grab may be recruiting bankers in Singapore, but in Hong Kong banks are hiring drivers to chauffeur their top employees and clients. Hang Seng bank is currently advertising for “high...
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Morning Coffee: What no one tells you about trading careers. The types of...
Most traders pursued that career path with visions of making it rich completely unaware of the risks involved in that line of work. Sean McLaughlin, a proprietary trader and a Chicago Board of Trade...
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The best places to work in European banks now. And the worst
Just as buses all come at once, so do European bank results. Following Deutsche’s second quarter results yesterday, Barclays, UBS, Credit Suisse, and BNP Paribas have reported today. So too has Nomura....
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This is how much you’ll earn at Perella Weinberg in London
Perella Weinberg is a corporate finance boutique. But it works on big deals. It also has a reputation for big pay. How big? Results are out for Perella Weinberg’s London operation in the year ending...
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Why not to work in fintech: Consolidation could eat your job
You might think you want a job in the growing fintech sector. You might think that working in fintech will be far more exciting than a boring old bank, but have you also considered this? – By virtue of...
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The weekend party animals at Goldman Sachs
Once upon a time, juniors in Goldman Sachs’ investment banking division would be working Friday night. They’ve might’ve been working Saturday night too and maybe also Saturday day. Not any more. Ever...
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How to take a vacation as an investment banker when heads are rolling
While right now the markets are eerily calm and the VIX is hovering near an all-time low, financial services professionals know all too well that volatility can spike at any minute. Whenever markets...
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Here’s why Credit Suisse has cut 40 bankers in Asia
Credit Suisse’s headcount of Asia-based private bankers fell to 610 in the second quarter, down 10 compared to Q1 and 40 year-on-year, belying its stated aim of boosting headcount. The decline,...
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I moved from Sydney to Singapore for a top banking job. Here’s why I don’t...
In 2009 senior economist Annette Beacher moved with her husband and two young children from Sydney to Singapore. Having lived in Australia all her life, she expected to return home within a couple of...
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We run fintech firms in Asia. Here’s how to write a CV to get job with us
More fintech firms are opening up in Singapore and Hong Kong – and many of them are hiring, albeit in small numbers. Asia surpassed the US to account for over half of the funding raised by...
View ArticleMorning Coffee: Ex-Goldman partner’s advice: find a “sanity buddy.” The M&A...
Have you ever worked so hard that you forgot what day it is? How about which month? Which season? Lisa Shalett, a former Goldman Sachs partner and MD, would understand. When she worked for Goldman,...
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A J.P. Morgan equity analyst joined Balyasny Asset Management
Remember Balyasny Asset Management? It’s the expansionary U.S. hedge fund that’s been hiring from investment banks in London. It’s just hired an equities analyst from J.P. Morgan. Xiao Lu joined...
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This Credit Suisse MD has just launched his own advisory boutique
Quitting a big investment bank after decades in the industry to be your own boss is the trend of 2017. Investment bankers are launching their own advisory boutiques, while senior traders are starting...
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MiFID II will ravage sales and trading jobs. Are you sure you’re ready?
If you work in a markets job in Europe, something dark and foreboding is lurking on the horizon. It seemed it would never arrive, but is now approaching with alarming alacrity: MiFID II will be...
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