The Review

J.P. Morgan is offering a new route into a front office job
by / on 12/12/2017 at 14:15 / in The Review

J.P. Morgan is offering a new route into a front office job

J.P. Morgan only lets a fraction of graduates applying for a role in its corporate and investment bank through the door. Only 2% of applicants make it into a front office positions and the numbers fighting for place on its summer internship programme – the most obvious route into a full-time role – were up by 50% this year compared […]

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What to wear when you work for a bank in Frankfurt
by / on 12/12/2017 at 11:00 / in The Review

What to wear when you work for a bank in Frankfurt

If you’re contemplating a move from London to Frankfurt, you might think you’ll be able to get away with dressing in the same way. After all, the banking industry is fairly homogenous across Europe and bankers in the two cities might be expected to dress similarly. Wrong. The Frankfurt dress code is very different to London’s. What’s normal in London […]

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The crucial difference between making MD at Barclays and Goldman Sachs
by / on 11/12/2017 at 22:30 / in The Review

The crucial difference between making MD at Barclays and Goldman Sachs

If you want to make MD in an investment bank, should you work for Barclays or for Goldman Sachs? Statistics released by each bank on this year’s MD promotions suggest it depends upon your career path. Surprisingly, it looks a lot easier overall to make MD at Goldman than at Barclays. The U.S. bank promoted 509 people this year out […]

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How I made friends with the MDs at my bank
by / on 10/12/2017 at 17:00 / in The Review

How I made friends with the MDs at my bank

Yes, smoking is a dirty habit. It’s for addicts or nihilists, depending upon your perspective. But the more us dirty, nihilistic smokers are vilified, the more we pull together – and this has its advantages. I work in banking and I smoke. Depending upon my mood I either smoke in a quiet corner or in the main smoking area. The […]

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J.P. Morgan’s head of data science and machine learning on the reality of his job
by / on 09/12/2017 at 20:00 / in The Review

J.P. Morgan’s head of data science and machine learning on the reality of his job

J.P. Morgan is one of the most advanced banks when it comes to data science and machine learning. It hired in Geoffrey Zweig from Microsoft in February 2017 as head of machine learning. It’s actually launched a market-making product (LOXM) based on machine learning and it recently promoted Samik Chandarana, a former credit trader, to head its data science and analytics (effectively its […]

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Why stressed, burned out bankers keep creating industry scandals
by / on 08/12/2017 at 12:00 / in The Review

Why stressed, burned out bankers keep creating industry scandals

Stress is ubiquitous in financial services. The burnouts of Hector Sants at Barclays or Lloyds CEO António Horta-Osório are high profile examples of the pressures of working in demanding banking jobs. But aside from the deleterious effect on your health and well-being, there’s another consequence of endemic stress in financial services – it fuels scandals. The financial services industry is not filled with […]

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How to spot the top technologists at Goldman Sachs and J.P. Morgan
by / on 07/12/2017 at 21:00 / in The Review

How to spot the top technologists at Goldman Sachs and J.P. Morgan

When Goldman Sachs announced its new managing directors last month, there were plenty of technologists on the list. However, the Goldman technology staff who didn’t make the MD cut won’t be that cut up: they have other things to aspire to. While most people in banks can simply climb the established analyst-associate-VP-director-managing director hierarchy, technologists in investment banks can aspire […]

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Junior bankers caution against moving to private equity
by / on 07/12/2017 at 11:15 / in The Review

Junior bankers caution against moving to private equity

If you’re an analyst or an associate in an investment banking division (IBD), you almost certainly want to move into private equity. Given private equity funds’ notoriously long interview processes, you may even be interviewing already in preparation for a move in 2018. Be warned, however. Junior bankers who’ve already broken out into PE say the industry isn’t all that […]

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Meet the expansionary German VC fund hiring junior bankers in London
by / on 06/12/2017 at 11:25 / in The Review

Meet the expansionary German VC fund hiring junior bankers in London

Forget London, if you work in private equity in Europe today, Munich is increasingly seen as the place to be. The only trouble is that Munich private equity funds typically only employ native German speakers. It’s helpful, therefore, that a late stage venture capital investor from Munich is in the process of expanding globally – and is willing to hire […]

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Asset managers driving down bonus costs by hiking up pay for cheap juniors
by / on 05/12/2017 at 12:00 / in The Review

Asset managers driving down bonus costs by hiking up pay for cheap juniors

Asset managers are prioritising pay hikes for tech-savvy junior employees in a bid to push down overall compensation costs as they prepare for a new era of Big Data and quantitative finance amid pressure on fees and a need to aggressively cut costs. Hedge funds and asset management firms are expected to increase bonuses for their employees by an average […]

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