The Review

Six steps you must take before quitting your job for a new role
by / on 20/12/2017 at 10:30 / in The Review

Six steps you must take before quitting your job for a new role

Leaving one financial services job for another is never an easy thing to do, and each step of the process of quitting to one employer before joining another requires a bit of thought. Here are the steps you need to take before you give notice and say sayonara to your soon-to-be-former colleagues. 1. Make sure you’ve thought through your next move […]

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The big question for Goldman Sachs: did it over-fire?
by / on 20/12/2017 at 00:15 / in The Review

The big question for Goldman Sachs: did it over-fire?

Goldman Sachs has had a bad run. In the first nine months of the year, its fixed income sales and trading revenues fell 23%, more than at any other investment bank. There are moves afoot to remedy this, but former Goldmanites can be forgiven a twinge of schadenfreude. Between 2012 and the second quarter of 2017, Goldman cut fixed income headcount […]

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This is how much Facebook actually pays its people in London
by / on 19/12/2017 at 13:05 / in The Review

This is how much Facebook actually pays its people in London

Thinking of leaving an investment bank to work for Facebook? If you’re in London, you’re in luck. Facebook recently announced plans to hire 800 new people for its U.K. headquarters in London’s West End. If you’re a tech person in banking, you might get a pay rise. If you’re a banker and you go to Facebook, you’ll probably get a […]

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The new Asian billionaires who could reshape your banking job in 2018
by / on 18/12/2017 at 14:45 / in The Review

The new Asian billionaires who could reshape your banking job in 2018

Asian millionaires and billionaires are getting younger – and that’s forcing private banks in the region to refocus their hiring plans for 2018. Asia now has the highest number of billionaires in the world, leapfrogging the US for the first time, according to a UBS and PwC report released earlier this year. In China, two people – mainly self-made entrepreneurs […]

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Christmas rapture as hedge fund closure spews top traders onto market
by / on 18/12/2017 at 14:15 / in The Review

Christmas rapture as hedge fund closure spews top traders onto market

It’s not every day that a hedge fund closes and ejects hundreds of highly desirable, highly talented traders onto the market. It’s even less often that this happens just before Christmas when most hedge fund headhunters are stuck in a quagmire because all the good candidates are refusing to move. The closure of Hutchin Hill Capital has therefore made headhunters’ […]

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Citadel taps top SEC enforcer for chief compliance officer role
by / on 15/12/2017 at 13:00 / in The Review

Citadel taps top SEC enforcer for chief compliance officer role

Citadel has hired a top enforcer from the Securities and Exchange Commission (SEC) as its new chief compliance officer as it continues to build one of the biggest legal and compliance teams in the hedge fund sector. David Glockner, who was director of the SEC’s Chicago office overseeing over 270 enforcement staff, joined the $25bn hedge fund earlier this month […]

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D.E. Shaw has hiked pay for its London staff to nearly £500k
by / on 14/12/2017 at 20:15 / in The Review

D.E. Shaw has hiked pay for its London staff to nearly £500k

Quant hedge fund giant D.E. Shaw hiked pay for its London staff by nearly 30% in the year to March 2017, and continued to hire after revenues surged by 48%. Staff in the UK operation of the $43bn investment firm were paid £478k on an average pay per head basis in the year to 31 March 2017, according to newly-released […]

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The most important skill in Asian banking, and 13 ways you can get it
by / on 14/12/2017 at 12:00 / in The Review

The most important skill in Asian banking, and 13 ways you can get it

Your finance skills will only take you so far in Greater China. Your career success will also hinge on your ability to give and receive ‘face’ in front of colleagues, managers and clients. Face – or mianzi, loosely translated as dignity, respect, prestige or reputation – is an ancient sociological concept in China that governs the way people relate to […]

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Why VP is the possible worst job at Goldman Sachs (or anywhere)
by / on 13/12/2017 at 16:00 / in The Review

Why VP is the possible worst job at Goldman Sachs (or anywhere)

If you’re a Goldman Sachs associate and you didn’t get promoted to vice president this year, I’d like to commiserate with you. Failing to make VP is hard; it might not be your fault  – it could be there’s simply no headcount or budget for your role, but it doesn’t look great. And if you did get promoted? I’d like […]

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When £250k is not enough for high-earning bankers. The power of banky thoughts
by / on 13/12/2017 at 11:15 / in The Review

When £250k is not enough for high-earning bankers. The power of banky thoughts

Few people in the UK would lose much sleep about the financial woes of an investment banker hauling in £150k ($200k) a year. The average salary in London is, after all, just £34.5k and financial services pays more than pretty much every other sector. But bankers are subject the the same inflationary pressures as everyone else, and while their pay packets […]

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