Morning Coffee: Goldman finally admits it’s overstaffed. The most degenerate...
In a bad sign for fixed income currencies and commodities (FICC) professionals everywhere, Goldman seems finally to be deciding that FICC revenues won’t be coming back soon after all. Fox News reports...
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Investment banking popularity on the slide in Europe, on the up in the U.S.
Investment banks have no problems attracting enough candidates for their graduate jobs. For every available position last year there were 135 applications and even when some firms released new front...
View ArticleAcht Benimmregeln für eine Karriere bei Goldman Sachs
Alljährlich sollen bei Goldman Sachs 43.000 Bewerbungen für Einstiegspositionen eingehen, wovon 96 Prozent zurückgewiesen werden. Dabei genügen erstklassige akademische Leistungen und einschlägige...
View ArticleA year on from the death of Moritz Erhardt, what can banking interns expect...
Investment banking summer internships are always harsh, but this year’s banking interns may be inclined to temper that harshness with pragmatism. Is it really worth working stupidly long hours when...
View ArticleThe hard work traders put in that sends them backwards
Easy there Poindexter. New analysis suggests that traders who rely on technical analysis should put away their pricing charts and trend maps and just stick to the fundamentals. The study, conducted by...
View ArticleEin CFA verspricht Prestige, aber kaum mehr Geld
Falls Sie glauben sollten, dass Ihnen ein Chartered Financial Analyst (CFA) zu Wohlstand verhilft, dann liegen Sie falsch. Obgleich ein CFA einen Lebenslauf ungemein schmückt, sollten Sie deswegen...
View ArticleHow to pass CFA Level I when you’re seriously panicking with one week to go
Saturday 7 June is CFA exam day. If you’re not ready now, you may never be. The CFA says you need six months to prepare for each of its exams. If you haven’t prepared yet, you might therefore want to...
View ArticleThe most creative ways shareholders complain about banker pay
Annual shareholder meeting season is finally over. While most U.S. banks offered minimal highlights – likely due to their habit of hosting meetings thousands of miles from home – European firms and...
View ArticleCareer Crunch: Common fibs of finance recruiters, how to ensure you pass the CFA
Banks in Asia are offering their staff ‘laughter yoga’ to improve their well-being, top tips for the upcoming CFA exams and other top stories on eFinancialCareers over the past week. Take a moment to...
View ArticleMorning Coffee: Where to find £65k banking jobs when you have no experience....
How much do junior bankers earn now? If you’re lucky, you’ll make around £67k in your first year as an M&A analyst in London. If that sounds generous, it is – except junior M&A bankers are...
View Article« Le burnout, c’est comme les subprimes, personne ne le voit vraiment arriver...
Christine*, une ancienne tradeuse reconvertie dans la vente, est employée d’une grande banque française. Un manager « deviant » et un contexte de crise ont fait d’elle une candidate idéale au burnout…...
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The 10 highest paying back office jobs globally
Working in the back office isn’t what it once was. Investment banks and buy-side firms alike are increasingly making use of ‘higher value’ locations – to coin a phrase from Goldman Sachs – and...
View ArticleEin Jahr nach Moritz Erhardts Tod: Was Praktikanten bei Investmentbanken...
Vor bald einem Jahr wurde der deutsche Praktikant Moritz Erhardt tot unter der Dusche seines Londoner Studentenwohnheims aufgefunden. Erhardt hatte zuvor bei der Bank of America Merrill Lynch angeblich...
View ArticleHedge fund loses £60m in 2013, continues to hire regardless
Hedge funds are usually small organisations and a period of underperformance doesn’t automatically equate to job losses as is usually the case in investment banking. So it is with AKO Capital, the $9bn...
View ArticleThe controversial tool one hedge fund uses to retain talent
BlueCrest Capital Management has likely hired more new staff in the last year than any other hedge fund. Undoubtedly, BlueCrest’s growth plans have been aided by the shrinking of the sell-side – it’s...
View ArticleHow junior bankers at JPM and GS must spend their mandatory holidays
There will be an unusually large number of 20-something bankers on holiday this year. In the past, junior banking staff were usually compelled to forego holidays at the final moment by despotic line...
View ArticleERFAHRUNGSBERICHT: Wie der Einstieg ins Investmentbanking der Deutschen Bank...
Der Einstieg im Front Office einer Investmentbank stellt für viele Absolventen einen Traumjob dar. Carsten Schwefer ist dies 2010 bei der Deutschen Bank gelungen. Um dies zu erreichen, hat der heute...
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Nine things you must know before you try working for either Moelis or Greenhill
Want to work for a boutique investment banking firm? Now’s the time. Boutiques are thriving according to Bernstein Research. Last week, Bernstein held its ‘Annual Strategic Decisions Conference’ and...
View ArticleMorning Coffee: BAML lures large Scottish rugby player. Goldman’s going (sort...
As advisory and financing work picks up, now is the time for relationship bankers to shine – especially in the UK, where banks’ relationships with corporate clients are mediated by so-called ‘corporate...
View ArticleSeven of the hardest CFA questions, with expert tips on how to answer them
By now you should have done the majority of the 300 hours of study recommended to pass each of the three CFA level exams. If not, don’t panic – there are still possible short cuts. If so, do you really...
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