UK Banks to Split Consumer and Investment Banking Jobs

December 19, 2011

The UK is proposing legislation that will force banks to separate their investment banking and consumer banking business. The move is part of complying with the findings of an independent commission on banking led by John Vickers, a former Bank of England Chief Economist.
Back in September, Vickers suggested that banks should create fire walls between [...]

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Is a Summer Internship Necessary in a One-Year MBA?

December 12, 2011

Adam Janikowski left his job as a vice-president of investment banking at BMO Capital Markets in Britain to pursue an MBA at INSEAD in France. However, INSEAD offers a ten-month MBA, rather than the traditional two-year stint offered by other schools such as Harvard and Wharton. So would pursuing a summer internship still be desirable, [...]

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Bonuses Ease Back for Investment Banking Jobs

December 5, 2011

Insiders on Wall Street from CEOs down to investment banking analysts expect to see a dip in compensation this year versus last, reports the LA Times. Although the release of bonuses are still a few weeks away, many are predicting that 2011 compensation levels at the largest investment banks will fall between 15% to 30%.
Banks [...]

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Commodities Traders Exiting From Investment Banking Jobs

November 28, 2011

It’s one of the hottest areas for growth within investment banks, and yet the banks have to get out of the business.
That’s the good news-bad news story from Bloomberg on how just as commodities trading is adding substantially to big banks’ bottom lines, they have to divest themselves of the business. And that certainly has [...]

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Investment Banking Jobs Becoming a Jack of All Trades?

November 21, 2011

The turmoil caused by the financial crisis and the headcount reductions among big banks appears to be forcing investment bankers to wear many hats.
Capital raising and merger and acquisition deals are becoming tougher to execute, but with fewer teams of specialists around to help, the workload is increasingly being shouldered by old-style “all-rounders”, reports Reuters.
“We [...]

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The Investment Banking Job Recruiting Machine

November 14, 2011

If you’ve ever wondered how or why grads who didn’t major in business or economics land investment banking jobs, then Marina Keegan’s recent post for DealBook sheds some light.
Keegan is a senior at Yale majoring in English. She writes of how some 25 percent of Yale’s undergraduate class ends up working in finance, even though [...]

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From Boonies to Investment Banking Leader

November 7, 2011

How does someone born in the tiny town of Fort Smith in the Northwest Territories of Canada (population 2,400) manage to land a job overseeing the world’s leading investment banks and financial institutions?
That’s a career path worth studying, and an inspiration to just about anyone who dreams of an investment banking career and reaching the [...]

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