If you’re a banker or trader who’s lost your job in the past few months, you might feel apprehensive about the future. Thousands of people have been let go from banks since October. Thousands more are expected to go by […]
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JPMorgan traders could have higher bonuses this year
JPMorgan’s fourth quarter results are out, and if you’re a fixed income trader they look pretty good. Revenues from fixed income currencies and commodities trading (FICC) at the bank were up 10% year-on-year in 2022 and 12% year-on-year in the […]
Hong Kong bonuses could drop to zero
Bonuses for mergers and acquisitions and capital markets staff in Hong Kong are expected to fall by at least 50% this year, and some could end up with nothing following a freeze in stock market listings. Reports said that Morgan […]
How chess helped me become a trader at Citadel Securities
When Citadel and Citadel Securities hire, they like to hire people who have “demonstrated a commitment to excellence,” in the words of Matt Mitro, the two firms’ joint head of graduate recruitment. That excellence doesn’t necessary have to be in […]
“It’s not easy being an unemployed junior banker in a bad market”
Young people in banking who find themselves looking for a job in 2023 are in for a shock. Anyone who came into the industry in the past two years has no idea what a down market looks like. I’ve experienced […]
Chinese bankers are losing their jobs as banks reverse growth strategies
China is taking a beating from investment banking job cuts as firms reduce headcount in the Asia-Pacific region. Credit Suisse has become the latest bank to cut heavily, with around 20 China-focused bankers understood to be losing their jobs, according […]
Here’s how bad banking bonuses will be this year
You don’t need us to tell you again; banking has been having a bad year. Advisory fees down, bad market conditions, and so on. But how bad is bad – and how badly does it affect your bonus? Well, it depends. […]
Sorry, but work-life balance is not better in a fintech
That people work long hours in banking is well known. It’s equally well known that the fintech sector is more accommodating of remote work and innovation. But if you suppose that this means people in fintechs have a better work-life […]
Banking HireVue interviews: everything you need to know
They’re not new by any means, but a lot of people still balk at the thought of a HireVue interview. The reputation of the digital interviews precedes them. There’s no human being, just an impersonal screen backed by an AI which will […]
JPMorgan wants to make its bankers and traders into engineers
Think you need to be a coding savant just to compete with software engineers these days? JPMorgan has other ideas. While everyone rushes to learn languages like Python and Java, becoming hyper-proficient at coding is a lot less necessary than in […]