Paris is thriving as a financial centre post-Brexit, but some bankers and traders working in the French capital are not entirely happy there. Their preference is to work in Milan. Barclays is the latest bank to increase its commitment to […]
Careers
IBD analyst pay: The juniors still waiting for a raise
As summer bonuses loom into view, juniors in some investment banking divisions are hopeful. Away from M&A, it’s been a difficult year in investment banking, but recruiters say juniors are still as much in demand as ever and that they […]
The art of the investment banking internship
The summer interns have arrived, and they’re back in the office. Yesterday, 505 interns started in JPMorgan’s EMEA offices. Last week, 550 interns started at Morgan Stanley in Asia. US banking interns began at the start of the month. As we’ve […]
Deutsche Bank juniors still waiting for MDs on massive packages to quit
Things are looking up for Deutsche Bank. The first half of 2022 has been kind to its all-important fixed income sales and trading business. Its share price is down, but by far less than Credit Suisse’s. And it’s not being […]
This is how your pay should progress as a banker in your 20s and 30s
Pay progression in banking is a hot topic. Wall Street Oasis has a thread where financiers humble brag or complain about their full-year earnings since graduating college. There are those who’ve hit the million-dollar mark in investment banking just eleven […]
Under 34 year-olds in finance have no idea what’s coming
We’ve been here before. It’s something of a trope that whenever things turn bad in the markets, some wisecrack points out that an entire generation have been fed on a diet of milk and honey and has no idea what […]
JPMorgan’s developers would now like another pay rise
As pressure for salary increases rises in conjunction with inflation, one cluster of banking employees is shaking the stick for another pay rise with more rambunctiousness than the rest: mid-ranking developers at JPMorgan think they’re due a little extra. “We […]
Senior bankers’ WFH “rebirth” cut short by needy juniors
As anyone with experience of the hedge fund industry will tell you, one of the biggest signs of impending trouble for a portfolio manager is “thesis drift” – the phenomenon where the investments stay the same, but the reason for […]
U.S. banks are looking for a new kind of generalist in Hong Kong
US banks are on the hunt for bankers to lead advisory teams specialising in environmental, social and governance (ESG) as they play catch up with European peers. US banks want senior bankers with ESG expertise, with at least one big […]
Credit Suisse keeps hiring MDs as revenues collapse
However you look at it, the first quarter was not a good one for Credit Suisse’s investment bank. Net revenues at the division were down 50% year-on-year and the investment bank made a loss of CHF297m after being caught out […]