Sam Bankman-Fried , former crypto wunderkind and CEO of FTX has been sentenced to 25 years in prison. While that's a long time, it could have been longer: Federal prosecutors had recommended that...
https://www.efinancialcareers.com/news/sam-bankman-fried-prison
The arrival of Credit Suisse people at UBS was a shock, but in some countries it was more of a shock than others. Today's UBS annual report shows that in the Middle East and Africa, headcount a...
When Citi announced the second phase of its managerial job cuts earlier year, there was some incredulity over the fact that instead of actually letting people go, it seemed simply to be rearrangi...
We've noted in the past that experience in the automotive field can be a valuable segue into an engineering role at a hedge fund, but it might be even better if you've worked on self-driving car...
If you want to make money in crypto, there are a few places where earning $400k or more is the norm . They include Coinbase . They also include crypto investment bank Galaxy Digital, which has tu...
https://www.efinancialcareers.com/news/galaxy-digital-pay-compensation
When UBS bankers were informed of their bonuses in February, there was some disgruntlement. "Depending upon where you are in the bank, the pool is down at least 30%," one senior quant lamented....
When it comes to the use of military language in a business context, there are two schools of thought on Wall Street. There’s the Lloyd Blankfein view that it’s a little bit excessive and ...
When it comes to the use of military language in a business context, there are two schools of thought on Wall Street. There’s the Lloyd Blankfein view that it’s a little bit excessive and ...
https://www.efinancialcareers.com/news/jefferies-distressed-debt-team
HSBC may have kept its bankers happy with large bonuses for last year, but it is irking people in other ways. Get Morning Coffee ☕ in your inbox. Sign up here. Some London-based empl...
Working in a bank isn't for everyone, particularly those with an entrepreneurial inclination. Nicole Quinn, a general partner at venture capital (VC) firm Lightspeed Ventures, spoke recently on a...
If you're wondering how best to survive and thrive in banking not only in 2024 but in 2025 and maybe even 2026, then JPMorgan's team of European banking analysts have assembled a series of charts...
https://www.efinancialcareers.com/news/jp-morgan-banking-jobs
Most people who leave their banking careers to found a startup tend to laud the merits of their former industry. One founder who didn't have the hots for banking is Joy Mpofu, who left Morgan St...
Tom Hayes, the ex-UBS and Citi trader who spent five years in some of the UK's most brutal prisons for rigging the LIBOR rate, today lost his appeal. It's a blow to a man who lost both his livel...
UBS has hired Paul Schneider, the former deputy head of research at Exane. Schneider announced today that he's joining the Swiss bank's London office in the possibly less illustrious role of 'res...
https://www.efinancialcareers.com/news/ubs-hired-paul-schneider
UBS has hired Paul Schneider, the former deputy head of research at Exane. Schneider announced today that he's joining the Swiss bank's London office in the possibly less illustrious role of 'res...
https://www.efinancialcareers.com/news/ubs-rescued-the-head-of-research-exane-cut-15-months-ago
Citi is understood to have let go of a trader it hired from JPMorgan in London less than a year ago. Get Morning Coffee ☕ in your inbox. Sign up here. Aditya Singhal spent 13 years at J...
Spotify has been a cult destination for engineers leaving finance. A number of technologists in banks have joined the music streaming platform over the past few years and, after it laid off 17% ...
https://www.efinancialcareers.com/news/leaving-bank-for-spotify-ubs-monzo-fintech
Investment bank restructuring programs are a bit like flu or graduate school – the best thing you can say about them is that it’s nice when they’ve finished. Bankers at Citi will be able t...
https://www.efinancialcareers.com/news/tiina-lee-deutsche-bank
Investment bank restructuring programs are a bit like flu or graduate school – the best thing you can say about them is that it’s nice when they’ve finished. Bankers at Citi will be able t...
Investment bank restructuring programs are a bit like flu or graduate school – the best thing you can say about them is that it’s nice when they’ve finished. Bankers at Citi will be able t...
In the year and a half since Elon Musk unceremoniously cut 50% of jobs at Twitter (now X), we've seen alumni of the firm resurface in a number of places. An exceedingly rare destination has been ...
https://www.efinancialcareers.com/news/citadel-hiring-new-york-twitter
Citi is still in the throes of cutting bankers, but some teams are growing. Spring, its payment solutions team, is expanding its reach in APAC , and Singapore looks to be the focal point. The ...
Life is probably a bit a boring and stressful for Neil Phillips, the 54-year-old former chief investment officer of Glen Point Capital. After being found guilty last October by a Federal Cou...
https://www.efinancialcareers.com/news/neil-phillips-glen-point
Life is probably a bit a boring and stressful for Neil Phillips, the 54-year-old former chief investment officer of Glen Point Capital. After being found guilty last October by a Federal Cou...
As banks cast around for additional costs to cut in the absence of a big rebound in revenues , a particular kind of person is at the top of their chopping lists: the one who was hired at the heig...
If profitability is king among fintechs in 2024, then OakNorth Bank is royalty. In its 2023 annual report, the digibank announced that it had improved on its already impressive profit margins f...
https://www.efinancialcareers.com/news/oaknorth-bank-culture-fintech-london
It's Easter week for Christians and Ramadan for Muslims and Holi for Hindus, but Citigroup has less ethereal things on its collective mind. Having promised to finish the first stage of its 20,000...
The times are not good at Accenture, the professional services firm which last year cut 19,000 jobs and last week trimmed its revenue growth forecasts , prompting an 8% drop in its share price. B...
Citi is in the middle of a major restructuring that will ultimately see 20,000 of global employees disappear. Some of the people it seemingly intends to keep, though, are at the center of complai...
Leaving Goldman Sachs doesn't seem easy. Stephanie Cohen's exit last week seems to have been the result of months of deliberation, during which senior Goldman people tried to beg her to stay. Nab...
2023 was a bad year for Goldman Sachs employees in London. But it could have been worse. Get Morning Coffee ☕ in your inbox. Sign up here. Accounts released today for Goldman Sachs ...
As we noted last week, the signature move for traders in 2024 might not be to leave a bank for a hedge fund , but to go the other way. Ben Hutson did it at Barclays, and now maybe Bhavit Sawjani ...
https://www.efinancialcareers.com/news/bhavit-sawjani-jpmorgan-hedge-fund
Hong Kong has increased the income tax paid by anyone earning over $640k and above to 15%, but compared to Singapore, Hong Kong looks generous. In Singapore, income tax is 15% from $89k and 22% ...
Hong Kong has increased the income tax paid by anyone earning over $640k and above to 15%, but compared to Singapore, Hong Kong looks generous. In Singapore, income tax is 15% from $89k and 22% ...
https://www.efinancialcareers.com/news/hong-kong-bankers-want-to-live-in-singapore
Hopefully, Deutsche Bank paid Alok Modi well last year. Following the disappearance of various members of the European rates trading team, people at the German bank in London are gripped with app...
Ten years ago, Franck Dargent, was flying high. After a 23-year banking career which began in Paris after he graduated from HEC, he was made head of global markets Asia Pacific for Crédit Agrico...
We recently noted that the paths into a hedge fund aren't always identical, and the same is true of paths into high frequency trading (HFT). One recent mover in the space worked their way up fro...
https://www.efinancialcareers.com/news/high-frequency-trading-engineer-video-games-ubs
For 20-something British schoolchildren, "biometric payments" may recall memories of your school's fingerprint scanner in the lunch canteen. The concept is soon to go global, as JPMorgan wants to...
https://www.efinancialcareers.com/news/jpmorgan-biometric-scanning-payments-fintech
Junior bankers are tired again. As we reported this week, working hours are back to unsustainable levels at some banks as managing directors who are rightly paranoid about losing their own jobs e...
https://www.efinancialcareers.com/news/how-to-survive-in-an-investment-bank
Hedge fund Citadel is going all out on Miami. Having relocated some Citadel Securities staff to the Four Seasons Palm Beach during the pandemic, it's since poached the executive chef of the hot...
A number of years ago I used to work for a proprietary trading firm . Overall, I had a negative experience. I was not a trader, but I interacted with them on a daily basis. They were all very p...
Crypto may be making a comeback, but generative AI has usurped both crypto and blockchain as the ultimate technology of the future. Accordingly, Coinbase's head of sales operations and strategy,...
https://www.efinancialcareers.com/news/coinbase-nvidia-crypto-to-generative-ai
Barclays may be cutting costs and talking about the importance of building a securitization business , but it's also scraped some coins together to rehire a trader who left for a hedge fund job ...
Banks in London setting out to tackle their historic propensity to hire too many middle-aged heterosexual white men, and their main method for doing so is the candidate shortlist. Get Morning...
Banks in London setting out to tackle their historic propensity to hire too many middle-aged heterosexual white men, and their main method for doing so is the candidate shortlist. Get Morning...
https://www.efinancialcareers.com/news/shortlists-diversity-banking
Last month, Revolut 's head of corporate communications Michael Bodansky took to the world of podcasting to sing the praises of working under Nik Storonsky & co at Revolut. Shortly after doing s...
https://www.efinancialcareers.com/news/revolut-executive-who-loves-the-boss-is-unexpectedly-leaving
Last year it was Santander and Jefferies . This year, maybe it's going to be HSBC that steps in to hire all the bankers being let go by the likes of Barclays and Citi. Financial News has be...
https://www.efinancialcareers.com/news/hsbc-wants-more-bankers-after-adding-415m-to-the-bonus-pool
The most fundamental strategic decision of them all for an investment bank is in many ways the simplest – are you playing offense or defense? Which is to say, is the underlying assumption dri...
https://www.efinancialcareers.com/news/barclays-cutting-jobs
Last year was not a good year for Goldman Sachs' commodities sales and trading business. The bank itself said revenues there were "significantly lower" than in 2022 and two key people left. - Ed ...
There was a brief period, sometime in late 2021, when the lifestyle of junior investment bankers , long renowned for its arduousness, took a turn for the better. After Goldman Sachs juniors comp...
https://www.efinancialcareers.com/news/junior-banker-working-hours
Life at the fast-growing payments fintech Stripe is a far cry from life at a bank. Matt Esteve experienced this firsthand; he joined Stripe after 13 years working on FX for 'TradFi' companies, ...
https://www.efinancialcareers.com/news/stripe-culture-vs-banking
Ken Griffin, CEO of hedge fund Citadel, may be a very successful hedge fund manager with a reputation for running a tight ship, but he is also a human being who likes to chat about his friends ...
https://www.efinancialcareers.com/news/ken-griffin-citadel-grandmother-teacher
Bitcoin's surging popularity is proving difficult for the top crypto exchanges to handle. Coinbase CEO Bryan Armstrong recently told Bloomberg the fintech needs to invest more in its infrastru...
https://www.efinancialcareers.com/news/coinbase-infrastructure-engineer-jobs
When Deutsche Bank published its annual report last week, it revealed that someone among its 1,218 material risk-takers received an enormous bonus for 2023. Get Morning Coffee ☕ in your in...
https://www.efinancialcareers.com/news/deutsche-bank-s-13m-man-may-not-be-in-singapore
Deloitte might be more inclined to hire-in new partners working in AI than its Big Four contemporaries. In September, it hired one from DBS in Singapore ; last week, it hired another from IBM in...
https://www.efinancialcareers.com/news/big-four-ai-partner-deloitte
Rich Handler , the CEO of Jefferies, has been doing another “ask me anything” on his Instagram story, and one of the questions is particularly interesting. Someone asked, “What are your th...
Rich Handler , the CEO of Jefferies, has been doing another “ask me anything” on his Instagram story, and one of the questions is particularly interesting. Someone asked, “What are your th...
https://www.efinancialcareers.com/news/richard-handler-raising-children
Hedge fund internships are only for top applicants, but some elite internships are more elite than others . At Cubist Systematic Strategies, the algorithmic trading arm of Steve Cohen's hedge fu...
https://www.efinancialcareers.com/news/intern-pay-hedge-fund-point72-kepl
It's not only banks that offer internships to students, hedge funds do too. But if you want to get a hedge fund internship, then good luck. Get Morning Coffee ☕ in your inbox. Sign up her...
https://www.efinancialcareers.com/news/this-is-how-hard-it-is-to-get-a-hedge-fund-internship
What does it take to get an engineering job at Citadel in 2024? There are plenty of paths into Ken Griffin's hedge fund, and two of its recent technology hires highlight this. Click here to s...
Deutsche Bank's rates traders have developed itchy feet in London. By our estimation, at least seven senior rates traders have left in the last year, including, most recently, Hemish Shah, who...
https://www.efinancialcareers.com/news/deutsche-bank-s-rates-traders-are-developing-a-nomura-habit
The Wall Street Comptroller has released his annual estimation of the Wall Street bonus pool for 2023 and while it doesn't look entirely pretty it also doesn't look entirely horrible. But it's c...
https://www.efinancialcareers.com/news/banking-bonuses-in-new-york-this-is-why-you-feel-underpaid
If you want to become rich, Citigroup's short term interest rate trading (STIRT) desk is a good place to start. It was here that Gary Stevenson , the Citi trader who retired aged 27 in 2014, wor...
Getting one of Stripe 's coveted and often high-paying jobs is no easy task, and you'll have to impress a lot of people to get in. It won't just be HR and your future-manager you'll be speaking ...
https://www.efinancialcareers.com/news/stripe-job-interview-process
It’s not easy getting a job in fintech in 2024 . Jobs are scarce, and competition is high. In Index Ventures’ new startup guide ‘Scaling Through Chaos ’, Wise CTO Harsh Sinha suggests tha...
https://www.efinancialcareers.com/news/how-to-get-a-software-engineer-job-in-fintech-harsh-sinha
If you're looking to avoid working late nights as an engineer in finance, some banks are better than others. Data from our recent salary and bonus survey suggests that you might want to be at Ba...
https://www.efinancialcareers.com/news/working-hours-tech-jobs-in-finance
If you've got your bonus and you want to leave Goldman Sachs , but you're held back by a sense of trepidation tinged with loyalty, then let Stephanie Cohen be your guide. Cohen has quit. In doing...
https://www.efinancialcareers.com/news/stephanie-cohen-goldman-sachs
Edward Ruff, the Citigroup managing director (MD) accused of shouting at junior bankers who joined on the diversity program, among others, is still on leave and Citi is still declining to commen...
https://www.efinancialcareers.com/news/edward-ruff-citi-analysts
Edward Ruff, the Citigroup managing director (MD) accused of shouting at junior bankers who joined on the diversity program, among others, is still on leave and Citi is still declining to commen...
Many Goldman Sachs MDs leave for hedge funds, but Ray Dalio's Bridgewater Associates is rarely their destination. The fund, which has a somewhat infamous culture, brought Yuriy Podoshev to be a...
https://www.efinancialcareers.com/news/bridgewater-associates-goldman-sachs-md
Citigroup is still chipping away at its program of 20,000 job cuts , but insiders at the bank complain that the timing of the most recent round of cuts wasn't great. Get Morning Coffee ☕�...
It's been a tempestuous time for bankers at Credit Suisse in Paris. First, it became apparent that quite a few of them probably weren't wanted by UBS. Then, there was a pre-Christmas last hurrah ...
Asset management firm Schroders has a new head of enterprise technology in Justin Arbuckle. The veteran London-based technologist has held a number of very senior technology roles in finance, tho...
https://www.efinancialcareers.com/news/schroders-hires-ex-hsbc-tech-md-in-london
I work for a global private equity firm in London, and have undertaken various roles in large private equity-backed portfolio companies. I've experienced firsthand how a private equity firm oper...
https://www.efinancialcareers.com/news/i-work-for-a-big-us-private-equity-firm-i-am-horrified
Last month, Monzo co-founder Jonas Templestein began fundraising for a new startup , leveraging AI for low/no-code web development. The startup, Nustom, has been busy recruiting, and announced ...
https://www.efinancialcareers.com/news/monzo-coding-skills-extinct-nustom-jonas-templestein
Hedge funds are not immune to cutting staff. Their tendency to "stop" people who make losses above a tolerable level has long been documented, but that's not all. Like banks, they also have peri...
Volatility is usually good for quants ... In the market, at least. Volatility at the workplace, on the other hand, is less enriching. In our salary and bonus survey, we asked quants across financ...
https://www.efinancialcareers.com/news/quant-jobs-banking-us
Volatility is usually good for quants ... In the market, at least. Volatility at the workplace, on the other hand, is less enriching. In our salary and bonus survey, we asked quants across financ...
https://www.efinancialcareers.com/news/quant-jobs_banking-us
For the past few years, I’ve worked in crypto. Coming out of COVID, I didn’t want to go back to my job in investment management; I had spent over a decade at a top tier investment bank before...
https://www.efinancialcareers.com/news/why-i-will-never-work-in-crypto-ever-again
Although apparently some junior analysts have a rough time of it with their MDs, there are some bosses out there who do things differently. David Morehead , for example, tells all his staff tha...
It's been a rough few months for Edward Ruff, a 40-year-old managing director at Citigroup in New York. Get Morning Coffee ☕ in your inbox. Sign up here. Ruff, who is in Citi's indust...
Silicon Valley Bank's collapse this time last year left a gap in the market many are trying to take advantage of. One relative newcomer on the scene is Mercury , a fintech that provides banking ...
Goldman Sachs traders wondering about the wisdom of leaving for hedge fund Millennium Management , will be reassured to learn that one of their number is thriving there. Get Morning Coffee �...
https://www.efinancialcareers.com/news/millennium-management-goldman-sachs-trader
Something has occurred at Deutsche Bank in the US. A few years ago, the bank had a problem retaining people there. Not anymore. Today's non-financial report from the German bank shows that st...
Everyone in finance is buffing their AI teams, it seems, and hedge fund Balyasny is no exception. It's recently hired a senior AI researcher from Google, Peter Anderson, who boasts an array of ...
https://www.efinancialcareers.com/news/balyasny-hedge-fund-generative-ai-google
Stripe's codebase consisted of more than 50 million lines of code last year; it's ever-changing and (presumably) ever-growing. Actually implementing those changes, however, is no easy feat. In S...
Deutsche Bank has just published its annual report for 2023, along with the details of the bonus pool in its investment bank , the pay for its material risk takers (mostly managing directors) and...
https://www.efinancialcareers.com/news/2023/03/deutsche-bank-bonuses
Deutsche Bank has just published its annual report for 2023, along with the details of the bonus pool in its investment bank , the pay for its material risk takers (mostly managing directors) and...
As your grandparents might have told you, “once you find a single reason to be angry about something, you won’t have trouble finding dozens more”. Seldom has there been a better example of...
https://www.efinancialcareers.com/news/barclays-discrimination-case
As M&A hiring creeps back in New York City, bankers looking for jobs may want to understand how their pay compares to the market. A new investment banking salary and bonus guide from recru...
https://www.efinancialcareers.com/news/banker-salaries-new-york
As M&A hiring creeps back in New York City, bankers looking for jobs may want to understand how their pay compares to the market. A new investment banking salary and bonus guide from recru...
The top fintechs are well known for attracting top talent with enticing compensation packages. Entry level employees might worry that this generosity doesn't extend to interns, especially in a ...
The top fintechs are well known for attracting top talent with enticing compensation packages. Entry level employees might worry that this generosity doesn't extend to interns, especially in a ...
https://www.efinancialcareers.com/news/2023/04/fintech-intern-pay
If you're an exceptional developer or mathematician who wants to make an exceptional amount of money in the financial services industry, you're probably familiar with the two key portals for doin...
https://www.efinancialcareers.com/news/citadel-securities-vs-jane-street
The availability, or not, of free fruit, has long been the sort of thing to evoke excitement among people working in investment banks. It's not so much the potential to eat unlimited bananas with...
If you're still bullish on crypto and want a job in the sector, chances are you're looking to join Coinbase. The stalwart exchange has more than doubled its stock price in the last six months, a...
https://www.efinancialcareers.com/news/how-to-get-a-job-at-coinbase
If you're still bullish on crypto and want a job in the sector, chances are you're looking to join Coinbase. The stalwart exchange has more than doubled its stock price in the last six months, a...
https://www.efinancialcareers.com/news/2022/03/how-to-get-a-job-at-coinbase
If you want to get ahead in an investment bank and to take the job currently occupied by your boss, you should probably not let it be known that you're taking courses that will help you to replac...
Cathal Deasy, who's Irish by birth, may have an accent that can be a bit difficult to understand for Barclays bankers in New York, but they'll need to get used to lip-reading. The words of Deasy...
https://www.efinancialcareers.com/news/barclays-cost-cutting
James Davies has had a long innings at Deutsche Bank. He joined Deutsche in 2000 as a self-described "earnest young lawyer" in London, and he's leaving 24 years later after his most recent stint ...
https://www.efinancialcareers.com/news/james-davies-deutsche-bank
If you're a bank vice president (VP) with an eye on a move to high-frequency-trading or hedge funds , now looks like a good time to do so. A number of major firms in both sectors are hiring VPs ...
https://www.efinancialcareers.com/news/investment-bank-vp-to-hedge-funds-hft
Working in tech at Deutsche Bank might have been a drag in the past, but times might be changing. Deutsche has been making sweeping changes to its tech stack and recruiting ex-Goldman Sachs part...
https://www.efinancialcareers.com/news/deutsche-bank-technology-pay-salaries
Citigroup's EMEA equities team has gone back to the future. Financial News reported today that Marc Francis has been appointed head of high touch equities trading at the bank in London. It's no...
When Peter Oppenheimer, the impish chief global equity strategist and head of macro research for Europe at Goldman Sachs, gave a talk to students at the London School of Economics (LSE) last week...
https://www.efinancialcareers.com/news/peter-oppenheimer-goldman-sachs
In Bank of America's 2023 annual report, released yesterday, the bank shed some insight on what it's been doing with technology. Most notably, it highlighted its growth in Singapore, and its ple...
https://www.efinancialcareers.com/news/bank-of-america-singapore-ai-jobs
If you work for UBS and you like to receive 6am calls from your boss before he runs up a mountain, then great news. Swiss gossip website Inside Paradeplatz says Andrea Orcel has been seen in Zu...
https://www.efinancialcareers.com/news/rumours-of-andrea-orcel-s-return-to-ubs-may-be-premature
There have been mixed reports of bonuses at Bank of America. While some people there were pleasantly surprised, others are said to have had a Citi-esque shock. At the top of the investment bank...
https://www.efinancialcareers.com/news/jim-de-mare-bank-of-america
There have been mixed reports of bonuses at Bank of America. While some people there were pleasantly surprised, others are said to have had a Citi-esque shock. At the top of the investment bank...
As we reported last week, Goldman Sachs is not short of applicants to its vacancy for a London investment banking analyst. Last time we looked, over 1,000 people had applied. Recruiters say t...
Career paths often deviate from a straightforward trajectory, with many professionals not following a direct route from intern to executive levels. In banking the career trajectory often goes fro...
https://www.efinancialcareers.com/news/financial-services-career-pivot
If you're a quant or a developer , and you're looking for a new or a first job, you might want to try Qube Research and Technologies. In the words of one industry source, the systematic trading ...
2022 was, quite possibly, the last hurrah for superstar banking compensation . Booming deals and surging profits in the wake of the pandemic meant that banks paid some of their biggest compensa...
2022 was, quite possibly, the last hurrah for superstar banking compensation . Booming deals and surging profits in the wake of the pandemic meant that banks paid some of their biggest compensa...
Many banks have special titles to celebrate their top technologists. Like Morgan Stanley , Deutsche Bank opts for the term 'Distinguished Engineers ', and it added a few new members to the cohort...
https://www.efinancialcareers.com/news/deutsche-bank-distinguished-engineers-ai
A new perk is being rolled out in Goldman Sachs' Shoe Lane London office. As of next Monday, staff buying lunches in the cafeteria will also be able to buy local vegetables to cook at home. Get...
https://www.efinancialcareers.com/news/goldman-sachs-london-fruit-and-veg-stall
A new perk is being rolled out in Goldman Sachs' Shoe Lane London office. As of next Monday, staff buying lunches in the cafeteria will also be able to buy local vegetables to cook at home. Get...
When chief executives are selected in investment banks, it tends to be a closed door affair. The outgoing leader chooses the next, and there is often some fallout. David Solomon's ascension at Go...
When chief executives are selected in investment banks, it tends to be a closed door affair. The outgoing leader chooses the next, and there is often some fallout. David Solomon's ascension at Go...
I meet a lot of people now who are frustrated with their pay in banking. After a challenged bonus year, many are looking around for higher compensation elsewhere. Be warned that in doing so, you ...
Balyasny Asset Management (BAM) appears to have made one of Millennium's London portfolio managers an offer he couldn't refuse. Get Morning Coffee ☕ in your inbox. Sign up here. Dan A...
https://www.efinancialcareers.com/news/balynasny-hired-millennium-s-ex-goldman-sachs-hedge-fund-star
Banks love to talk a big game about their investments into technology, but that doesn't mean tech employees are benefitting too much when it comes to their bonuses. Technologists across banking ...
https://www.efinancialcareers.com/news/tech-bonuses-in-banks
18 months ago, Emma Wardle wasn't sure that she wanted to work in financial services. As an electronic and information engineering student at London's Imperial College, Wardle was keeping her opt...
If you're looking for a long-term technology job in finance, you might want to work at Morgan Stanley. Its technology leaders tend to stick around in the company for a while, but does the pay ...
https://www.efinancialcareers.com/news/morgan-stanley-tech-intern-salaries
If you're looking for a long-term technology job in finance, you might want to work at Morgan Stanley. Its technology leaders tend to stick around in the company for a while, but does the pay ...
https://www.efinancialcareers.com/news/2019/05/morgan-stanley-tech-intern-salaries
Fresh from announcing bonuses, which were down a mere 10% or so according to Bloomberg, Deutsche Bank has promoted a new class of managing directors (MDs). Get Morning Coffee ☕ in your...
https://www.efinancialcareers.com/news/deutsche-bank-s-new-managing-directors
Debbie Crosbie isn't a 'banker' in the M&A sense , but she does run a bank, and she is doing the kind of deal that will make the actual Financial Institutions Group (FIG) bankers at UBS who are w...
https://www.efinancialcareers.com/news/debbie-crosbie-nationwide
If you want a job at an investment bank , now is your time to shine. Get Morning Coffee ☕ in your inbox. Sign up here. A majority of banks have now opened summer internship opportunitie...
https://www.efinancialcareers.com/news/open-investment-banking-programs-students
Ken Griffin 's hedge fund Citadel is readying for development of its new Miami headquarters, and is looking to big tech for inspiration. Its latest hire, Richard Leong, spent two years at Apple a...
https://www.efinancialcareers.com/news/citadel-culture-new-office
The record for the inquest of Vanessa Ford, who was known at work as Vanessa Heap, is brutally short. The immediate cause of death was "multiple traumatic injuries," said the London coroner on Fe...
If you want to work on budding financial technology, you don't have to do it at a fintech startup , or even a financial services firm. Spotify has been expanding in the payments space, and the te...
https://www.efinancialcareers.com/news/fintech-payments-jobs-at-spotify
Navigating the treacherous waters of French Banks' neo-favoritism can be akin to a dicey game of Monopoly played in a dimly lit alley. Picture this: nestled in the heart of London's financial hub...
https://www.efinancialcareers.com/news/french-banks-political
Publicly traded hedge fund Man Group is making some changes to its portfolio engineering team. While Man AHL's division is run by Eva Sanchez Martin , who joined as a graduate quant analyst in 20...
https://www.efinancialcareers.com/news/blackrock-to-hedge-fund-engineering-md
Have you been told your bonus already? Let us know. American bankers have mostly received their 2023 bonuses by now, and a lot of them have filled out or survey already. If you're at European ...
https://www.efinancialcareers.com/news/investment-banking-salary-bonus-survey
If you were playing a game of “draw random words out of a hat to make the best investment banking job description”, you couldn’t really ask for a better hand than “Goldman Sachs”, “AI...
If you were playing a game of “draw random words out of a hat to make the best investment banking job description”, you couldn’t really ask for a better hand than “Goldman Sachs”, “AI...
https://www.efinancialcareers.com/news/goldman-sachs-ai-jobs
The fintech industry may be going through a rough patch, but don't assume you can't still leverage it for a swanky new job in investment banking. A number of senior figures at major fintechs hav...
https://www.efinancialcareers.com/news/move-from-fintech-to-investment-banking
Credit Suisse bankers have been showing up everywhere you could image, from ING to SMBC to Deutsche Bank . Now there’s a new place that’s hiring Credit Suisse people – BBVA. Get Morning...
Balyasny Asset Management, the multistrategy hedge fund co-founded by the comparatively jolly personage of Dmitry Balyasny , has promoted a new class of partners. Get Morning Coffee ☕ i...
Banks aren’t the most environmentally friendly employers in the world. Not all are equally as bad each other, however. Get Morning Coffee ☕ in your inbox. Sign up here. Take BNP Pariba...
https://www.efinancialcareers.com/news/bnp-paribas-enviroment-esg
Quantitative hedge fund Qube Research and Technologies is on a hiring spree. It's thought to have hired Francois Jeulin, Citadel Securities ' Hong Kong-based head of index arbitrage. Get Mornin...
If anyone has a bad word to say about Filippo Gori, the new co-head of banking at JPMorgan, they're not saying it. Instead, all indications are that 49 year-old Gori, who was promoted last week t...
https://www.efinancialcareers.com/news/filippo-gori-jpmorgan
Citi, more than most banks has been full steam ahead with tech hiring , despite massive organizational changes across the bank. But how much will you earn if you work there? We used data from Lev...
https://www.efinancialcareers.com/news/citi-software-engineer-pay
Jump Trading, the electronic trading firm , is understood to have lost the head of its London office. It's not clear what he is doing next. Pierre Lafitte, a quantitative trader and team leader...
Investment banks are reportedly opening diversity schemes to non-diverse applicants. This is a great shame! Diversity programs are still absolutely necessary in the banking industry. Young wh...
https://www.efinancialcareers.com/news/diversity-schemes-are-essential-in-banking
Here’s a question that really ought to be on banking internship interviews, in order to weed out the candidates who have a clue from those who are tragically incapable of reading between the l...
https://www.efinancialcareers.com/news/jpmorgan-bankers-in-the-office
Richard Handler , CEO of Jefferies, is working very hard. In the past week, Handler has been flying around the world and visiting Jefferies offices and clients. He's also been making heavy use of...
https://www.efinancialcareers.com/news/richard-handler-jefferies-avoiding-burmout
Richard Handler , CEO of Jefferies, is working very hard. In the past week, Handler has been flying around the world and visiting Jefferies offices and clients. He's also been making heavy use of...
Last year, electronic trading giant IMC ran its inaugural 'Prosperity' trading competition for, and received more than 10,000 participants. As the competition returns in 2024, the stakes are high...
https://www.efinancialcareers.com/news/imc-trading-competition-internships
Jefferies spent 2023 hiring , politely, a boatload of people. The phrase “new year, new me” doesn't seem to apply – still adding new faces from Barclays, Credit Suisse, and Morgan Stanley....
https://www.efinancialcareers.com/news/jefferies-hiring-london-new-york
If you're looking for the most exciting generative AI jobs in finance, you've likely got your eye on Citi. It's got a number of teams working with the technology and one of them is beginning to...
https://www.efinancialcareers.com/news/citi-generative-ai-in-investment-banking
We recently broke down how engineers are paid at Goldman Sachs . Looking at JPMorgan, there are some interesting similarities and some big differences. Using Levels.fyi, we've averaged total comp...
https://www.efinancialcareers.com/news/tech-pay-jpmorgan-software-engineer
I am looking for advice. I recently attended a video call with my former boss from an investment bank, and he harassed me in a way that was completely unacceptable. Get Morning Coffee ☕ ...
https://www.efinancialcareers.com/news/my-banking-boss-sexually-harassed-me-on-a-zoom-call
Nikita Fadeev has long been the sort of person that makes the average human feel inadequate. Aged 26, he was running a crypto hedge fund and working all day and night. Aged 27, he was still runn...
https://www.efinancialcareers.com/news/a-27-year-old-hedge-fund-manager-wants-some-more-quants
New York investment bank BNY Mellon maintained its commitment to crypto last year, even while making cuts. Since then, it's been losing a few senior names and one of the team's directors just l...
https://www.efinancialcareers.com/news/bny-mellon-is-losing-crypto-people-in-2024
The investment banking recruitment process starts early. Very early. If you want a job when you graduate, you need to start laying the groundwork in your first year – with a spring internship ...
https://www.efinancialcareers.com/news/no-spring-internship-bank
If you're a young white man trying to get a job in an investment bank, you may complain that it's a struggle. Even though white men are far, far more likely to be promoted to managing director on...
https://www.efinancialcareers.com/news/diversity-hiring-banks
Eric Rosen had a long career in banking. He spent 13 years at JPMorgan and rose to become head of North American credit trading before leaving after the financial crisis. He spent a year as co-he...
It’s a good time to work in private credit. It’s an even better time to work in direct lending. Get Morning Coffee ☕ in your inbox. Sign up here. Direct lending is a subsection of th...
https://www.efinancialcareers.com/news/direct-lending-private-credit-pay
There was a time when Deutsche Bank would announce its bonuses in February. That changed circa 2017, when the German bank delayed its bonus announcement until early March for the indefinitely fu...
Stripe staff just became a whole lot richer due to the fintech's stock buyback scheme, and one engineer is sure to make eye-watering amounts. On levels.fyi , one employee logged their compensat...
https://www.efinancialcareers.com/news/stripe-millionaire-engineer-pay
Good news for junior bankers hoping for an opportunity to switch-up their careers: Goldman Sachs is looking for some new investment banking analysts in London. Unfortunately, candidate interest ...
Like the major investment banks, Revolut doesn't do just banking. The fintech has built out an electronic market making team over the past few years, but the man behind it has just left. Anto...
https://www.efinancialcareers.com/news/revolut-trading-market-making
In the twelve years I spent working in financial markets, wealth management and tax consulting all over the world, I gained valuable insight into how businesses and rich individuals respond to th...
As dust settles on last week's unexpected revelation that Viswas Raghavan is leaving JPMorgan and joining Citi this summer to run the investment bank, questions are being raised about what happe...
As dust settles on last week's unexpected revelation that Viswas Raghavan is leaving JPMorgan and joining Citi this summer to run the investment bank, questions are being raised about what happe...
Good luck getting a graduate job in an investment bank. Competition remains fierce , with a typical applicant success rate of between 1 and 2% for internships and graduate roles. Get Mornin...
Good luck getting a graduate job in an investment bank. Competition remains fierce , with a typical applicant success rate of between 1 and 2% for internships and graduate roles. Get Mornin...
Good luck getting a graduate job in an investment bank. Competition remains fierce , with a typical applicant success rate of between 1 and 2% for internships and graduate roles. Get Mornin...
https://www.efinancialcareers.com/news/investment-bank-assessment-centre
If you haven't heard of Carrie Sun, you probably haven't been paying attention. Like Gary Stevenson , Sun has a book out about her time in finance. Like Stevenson, she is suddenly ubiquitous. But...
Credit Suisse technologists may not be a priority for UBS, but those employees are still valued elsewhere. Zohar Melamed, Credit Suisse's chief engineer for wealth management, has been picked up ...
HSBC's new managing directors were promoted in the past week. However, they are less plentiful than in the past. Get Morning Coffee ☕ in your inbox. Sign up here. In a memo sent today, ...
https://www.efinancialcareers.com/news/hsbc-s-new-md-list-is-a-bit-smaller-than-before
If you're a senior banker or hedge fund manager in Hong Kong, you will shortly have less money in your pocket. For the first time in 20 years, Hong Kong has hiked its top tax rate : bankers earn...
https://www.efinancialcareers.com/news/hong-kong-bankers-are-ok-with-their-tax-rise-it-s-a-bit-meh
Gonzalo Garcia, a friendly Chilean natural resources banker seen here chuckling about Latin American GDP, is leaving the firm. Financial News reported yesterday that Garcia, a partner since 200...
https://www.efinancialcareers.com/news/gonzalo-garcia-goldman-sachs
Gonzalo Garcia, a friendly Chilean natural resources banker seen here chuckling about Latin American GDP, is leaving the firm. Financial News reported yesterday that Garcia, a partner since 200...
In a rare and welcome peripeteia, payments fintech Stripe has managed to claw back some of the valuation it lost last year and is making its collective workforce around $1bn cash-richer . That's ...
When Goldman Sachs CEO David Solomon presented at this week's UBS Financial Services conference, he repeated a frequently-cited motif: Goldman Sachs people are the best. Get Morning Coffee ...
There are lots of reasons to work for a boutique bank like PJT. The pay is one of them. The cash pay is another. Get Morning Coffee ☕ in your inbox. Sign up here. PJT published its Q4 a...
https://www.efinancialcareers.com/news/pjt-boutique-bank-pay
If you were hoping that 2024 would mark a reversal in the prevailing winds of 2023 and that banks would start hiring again, first quarter results from the Canadian banks suggest disappointment. ...
https://www.efinancialcareers.com/news/the-other-banks-that-quietly-cut-300-jobs-in-recent-months
When UBS chief economist Paul Donovan called coding a 'stranded asset,' he faced a lot of opposition. One eFinancialCareers user commented that "a chief economist giving advice on computer scien...
https://www.efinancialcareers.com/news/ubs-should-i-learn-to-code
Eisler Capital, the "intellectually honest hedge fund" based in London, is hiring once again. Having increased investment teams by 50% from 40 to 60 and opened new offices in Jersey, West Palm B...
If you work in banking technology, you might wonder how you'll get ahead. - After all, this is an area of banking that's notorious for having comparatively few managing directors (MDs) and far to...
https://www.efinancialcareers.com/news/2019/09/career-paths-technology-banking
If you work in banking technology, you might wonder how you'll get ahead. - After all, this is an area of banking that's notorious for having comparatively few managing directors (MDs) and far to...
https://www.efinancialcareers.com/news/career-paths-technology-banking
Getting an engineering job at Goldman Sachs isn't easy, but the pay can be worth the pains it takes to get there. Using data from Levels.fyi, we've looked at how much money analysts, associates ...
https://www.efinancialcareers.com/news/2019/01/goldman-sachs-pay-technology-jobs
Getting an engineering job at Goldman Sachs isn't easy, but the pay can be worth the pains it takes to get there. Using data from Levels.fyi, we've looked at how much money analysts, associates ...
https://www.efinancialcareers.com/news/goldman-sachs-pay-technology-jobs
It’s frustrating but inevitable – big things take time to do. For example, a restructuring program as big as Citigroup’s is inevitably going to require an extended period for execution, d...
https://www.efinancialcareers.com/news/citigroup-new-york-layoffs
It's not just bonuses that have risen at HSBC recently. Sources at the bank say salaries have been hiked too. Get Morning Coffee ☕ in your inbox. Sign up here. Multiple sources at HSBC ...
https://www.efinancialcareers.com/news/hsbc-is-paying-salaries-like-a-us-bank-on-wall-street-now
SMBC isn’t the first place you think of when you imagine the banks that can attract MDs from the world’s biggest investment banks, but as with Santander , 2024 is proving to be an odd time. ...
https://www.efinancialcareers.com/news/smbc-hiring-leveraged-finance
Sometime this summer, bankers at Citi will have a new boss. Viswas (Vis) Raghavan , the former head of global investment banking at JPMorgan, is joining Citi as head of banking and executive vice...
Goldman Sachs is opening 2025 summer analyst programs for select divisions this Friday – but only in the Americas. Get Morning Coffee ☕ in your inbox. Sign up here. No, this is not a ...
https://www.efinancialcareers.com/news/goldman-sachs-interview-applications
I've spent almost two decades working on trading floors in major banks in the City of London, and I've interviewed hundreds, if not thousands, of young people who are trying to get jobs in sales...
The Big Four , hopefully, should need no introduction. Get Morning Coffee ☕ in your inbox. Sign up here. If they do, you’re probably in the wrong place. But assuming you’re not, the...
https://www.efinancialcareers.com/news/finance/how-to-get-a-job-with-the-big-four
The Big Four , hopefully, should need no introduction. Get Morning Coffee ☕ in your inbox. Sign up here. If they do, you’re probably in the wrong place. But assuming you’re not, the...
https://www.efinancialcareers.com/news/how-to-get-a-job-at-the-big-four
What’s it really like to work at Stripe? The $50bn valued payments giant is a stalwart in the fintech industry , and is known for being one of its top payers , particularly at a senior level. ...
https://www.efinancialcareers.com/news/fintech-stripe-culture-paranoid
Citi may be cutting in equities , but it's hiring too. As of today, the bank's London trading floor has a new and glamorous presence: Dilan Abeya, pan-European equities trader and Instagram influ...
When a bank decides it wants to take market share in a new product or geography, nothing makes the statement like a high-profile hire. Deutsche Bank has gone for the splashy statement with the a...
https://www.efinancialcareers.com/news/pedro-goldbaum-deutsche-bank
When a bank decides it wants to take market share in a new product or geography, nothing makes the statement like a high-profile hire. Deutsche Bank has gone for the splashy statement with the a...
Bonus sucked? Don’t worry, you’re not the only one. 2023 was a rough year for the financial services industry. No one needs to be told that. But that doesn’t mean that everyone is feeling ...
https://www.efinancialcareers.com/news/banking-finance-salary-bonus