Rentier income outweighs hard work

What Thomas Piketty’s controversial book tells you about being a banker in the 21st century

A book is causing a sensation. ‘Capital in the 21st Century’ by Thomas Piketty, a French economist specializing in the study of inequality, has been celebrated for its…

Cutting pay per head.

Goldman succumbs, cuts pay per head to lowest level for five years

Goldman Sachs has succumbed. Today’s first quarter results reveal that Goldman is now paying its staff less than at any time in the past five years. Compared to…

New reality for banking pay

BAD NEWS: Morgan Stanley massively increases investment bank’s profits, cuts pay

If you were having doubts that the era of high-paying, free-wheeling, hot-trotting, big-swinging investment bankers is over, Morgan Stanley is here to suppress them. The US investment bank…

When poaching makes sense

Citi’s raid on BAML’s equity derivatives business finally paying off

Remember late 2012/early 2013? All those months ago, Citigroup indulged in some equity derivatives hiring. It recruited Lionel Fournier from Bank of America as its EMEA head of…

The banking torso

Morning Coffee: BAML hiring juniors in record numbers. Sexiest banker in world displays torso for charity

Bank of America is hiring for its markets division. In the past few months, it’s brought on Michele Foresti from Deutsche as head of its fixed income trading business,…

New job

Three recent hires at Barclays, Credit Suisse and Deutsche. And what they say about your chances of getting a job there

In theory, banks should be doing some big hiring at this time of year now that bonuses are paid. In reality, hiring is sort of muted while banks…

Citigroup

These are the signs you should work for Citi instead of JPMorgan, or not

JPMorgan’s first quarter results were out last week. Today we have the Citigroup results, which were unleashed a few hours ago.  JPMorgan’s results weren’t too hot: the U.S. bank suffe

Happens to more than 40,000 people a year who apply to Goldman Sachs

Six signs you will be rejected when you apply for a job at Goldman Sachs (and how to overcome them)

It’s not easy to get a job at Goldman Sachs. As we reported earlier this month, the bank rejects 96% of applicants for its analyst (junior) positions and…

A product controller in New York City

The 11 highest paid accounting in finance jobs globally

So you want to become an accountant working in banking and financial services? With around five years’ experience in accounting in finance, where in the world can you…

The axe is back.

Morning Coffee: Citi joins FICC cull as Jamie Dimon says just a blip. How to get into banking when you’re advised to become a TV repairman

Like Deutsche Bank, Citigroup is cutting jobs on the trading floor. The Wall Street Journal reports that the US bank has recently cut 200-300 jobs from its global…

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