I’m a portfolio manager with a long only investment fund. My parents are first generation immigrants to the UK. My father worked in a factory; my mother was a housewife. No one in my family went to university, nor did […]
Author: Jade
Banking interns discover MDs are normal humans
It’s become a bit of a cliché if you’re a junior banker to look around at the senior staff above you, to evaluate their joie de vivre, and to then declare that you don’t want to turn out like them and […]
JPMorgan hired a top technologist to head AR and VR research
JPMorgan is in the metaverse. One day soon, an augmented reality version of Jamie Dimon could manifest itself in your front room. The US investment bank has hired Blair MacIntyre, a professor at the Georgia Institute of Technology as a managing […]
Some Morgan Stanley analysts seem pretty upset with bonuses
It’s bonus day for analysts at Morgan Stanley and things don’t seem to have turned out as expected. This year’s payouts appear to be considerably lower than hoped. Morgan Stanley didn’t immediately comment on the generosity (or not) of its […]
Blackstone is on track to pay nearly $1.6m per head for 2022
It’s not easy to get a job at Blackstone. Last year, the fund received 29,000 applications for 103 junior (analyst) positions – an acceptance rate of 0.4%. Unusually high pay is the main attraction. Blackstone announced its second quarter results today. They […]
Millennium is amassing big beasts of hedge fund tech in Miami
It’s not just Ken Griffin who’s hiring in Miami. Millennium Management, the hedge fund founded by Izzy Englander is also building out its Miami technology hub, and is massing some of its most senior engineering staff in Florida in the process. […]
Summer interns are disguising banks’ job cuts
Given the collapse in revenues across M&A, and equity and debt capital markets this year compared to last, the general expectation is there will be job cuts. They might not be big job cuts – David Solomon at Goldman Sachs said yesterday […]
Credit Suisse says remote work could speed developers’ demise
If you’re a developer in the financial services industry, you may not want to embrace remote working with too much enthusiasm. Credit Suisse’s research team suggests that the trend for working from home is likely to expedite a move to the […]
France needs more bankers, but bankers want to work in Milan instead
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 […]
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 […]

















