“I interned in PE and wealth management. These were the differences…”
Should you pursue an internship in wealth management or private equity? Here’s what you need to know to make an informed decision. As a summer analyst in wealth management, most of the day-to-day...
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The three dumbest mistakes I made studying for the CFA exams
It took me eight years to get my CFA designation. It was an uphill battle because I had an English major background, but there were three things that I did which made the process extend way longer than...
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Why I left J.P. Morgan and Goldman Sachs for Bitcoin and Blockchain
The economy seems great right now, but it’s only a matter of time before the next financial crisis hits, and when it does, I’ll feel more confident working in the cryptocurrencies space than at a...
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I’ve got a management consulting job. This is my advice to anyone who wants...
At the time I applied to a top-five global consultancy, my knowledge of management consulting had some gaps, but what I did know encouraged me that the opportunity was a great fit. The management...
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The biggest risk to Deutsche Bank if John Cryan goes
What is happening at Deutsche Bank? Today’s Times story suggests that not only has John Cryan lost the confidence of the board, but that the board has is busy selectingpotential candidates to replace...
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@GSElevator gets serious on regrets, Trump and all the haters
John LeFevre, author and owner of the infamous Twitter handle @GSElevator, talked to us about why he’s distancing himself from his character, his future plans and offered a few pointed thoughts for...
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Ex-Morgan Stanley risk head: Why I quit my risk management career
After a 20-year career in risk management, with long stints in risk leadership roles at Morgan Stanley and hedge fund Eton Park, Viju Joseph made a strategic career move to fintech by joining Pefin, an...
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I was a senior trader. Now I’m a programmer. Here’s why
I had a great 25-year run as a Wall Street trader, but I have had to adapt to stay relevant. I have focused on learning to code in C#, C++, Java, R, Python, HTML5, .NET Framework, T-SQL and others in...
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How financial services professionals can secure VC funding for a fintech startup
So, securing fintech funding is on your mind… Jumping into fintech with your years of banking or other financial services experience behind you? Got a solution or a great team to build up a project and...
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My fellow Morgan Stanley MDs bought Rolexes and Ferraris. The joke’s on them
If you’re working in banking, I have some wisdom to share with you. I’ve been there too: I spent nearly 30 years on Wall Street, working on equities trading floors from Morgan Stanley to UBS. Now,...
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The new exam you’ll need to pass to sell securities on Wall Street
In early 2015, the Financial Industry Regulatory Authority (Finra), the largest U.S. securities regulator, published a concept release detailing a proposed restructuring to the securities qualification...
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Working at Goldman Sachs made me stronger, until it didn’t
Trudging through three semesters at Stanford, Will McLellarn could barely keep his head above water. Academically, he was overwhelmed. His public school background made him feel like a nervous...
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This is why it’s still safe to work for Deutsche Bank
In general, people don’t want to apply for jobs at banks that are in the middle of big staff reduction plans. For one thing, it’s demoralising and often makes for a nasty corporate culture. For...
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Deutsche Bank has got a problem with its directors and managing directors
Deutsche Bank has got a cost problem at its corporate and investment bank. In the first quarter of 2018, the cost/income ratio in the unit was nearly 95%. Deutsche’s new CEO Christian Sewing knows...
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Why I left London to live in Frankfurt
It used to be a no-brainer- if you wanted to succeed in finance, you needed to get to London. Today it is less obvious. Thanks to Brexit and the decentralization of finance, Frankfurt is back in play....
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Senior investment bankers dumped as 2018 turns sour
It’s turning out to be a bad year to be a high ranking investment banker in Europe. As costs are cut and capital markets deals remain low, banks are doing away with some of their most senior and...
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I am a PA in an investment bank. These are my secrets
If you work in a front office job in an investment bank and are unhappy with your pay, your hours or your prestige, you should try being a personal assistant. I am the PA to a managing director and his...
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Junior banker? You’re not that rich
Last year, I was at a friend’s birthday party, who, like me, worked in investment banking. Unsurprisingly, most people at the party was working in the same space; many well-off, promising faces from...
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Deutsche Bank’s problem: a historic culture of ruthless internal competition
Whenever things go wrong in any company, sooner or later fingers will point accusingly at its culture. Deutsche Bank is no exception. Despite a recent pop in the share price following a rare positive...
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Why I left a large investment bank to join a small boutique
If you ask someone at a big bank for career advice, they will usually answer that it is best to work for a bulge bracket. However, if you ask someone at a boutique, they too will likely favor their own...
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