Private equity recruiters have seen better days. Once upon a time, private equity firms did most of their hiring through recruitment agencies, but industry sources suggest that PE shops are now doing up to 75% of their hiring themselves. However, if you are looking for a new job, there is little to lose by contacting a [...]
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Investment banking internship reading list
Many invesment banks send their interns reading lists so that they can prepare for their internship. Here is what the reading list from a main bank looked like last year: (Do you want to go “pro”? Check our more comprehensive investing and trading reading list). BOOKS • Stocks, Bonds, Options, Futures (Stuart R. Veale, New York Institute [...]
Top financial recruitment agencies in London
Financial recruiters have seen better days. Once upon a time, investment banks did most of their hiring through them, but industry sources suggest that banks and other financial firms are now doing up to 75%. of their hiring themselves. However, if you are looking for a new job, there is little to lose by contacting [...]
Investment banking compensation ranking
Now that bonus compensation figures for 2012 are out, here is the ranking average front office employee compensation at the top firms. Blackstone seems the place to be, and Deutsche Bank appears as the most notable payer among bulge brackets. On the other side, Morgan Stanley and Credit Suisse have been rather stingy, and RBS… [...]
Research at main investment banks vs independent shops
There is a lot of misunderstanding out there regarding the equity research experience at the bulge bracket investment banks in comparison to that at boutiques or smaller independent shops, with some people claiming that the one and only thing to take into account is how your lead analyst is ranked on the ii or Extel [...]
How to get into equity research
Equity research associates (associate is the entry level position within the research department of an investment bank) work supporting a particular industry analyst, whose job is to publish research and make investment recommendations (buy, sell or hold) on stocks within a specific sector. The required background of a research associate varies a lot depending on the [...]
10 tips to become a top equity research analyst
1. Develop proprietary opinions based on primary research. Regularly check with competitors, customers, and suppliers of each of your companies. Develop unique approaches to financial analysis. Perform proprietary surveys. Avoid at all costs simply repeating guidance or management opinions unless you disagree with them. 2. Be proactive. Strive to be the first to market with [...]
Front office roles at investment banks
For those trying to find your place within investment banking, here is an overview of what the different front office roles actually entail: Sales You get to the office around 6am in order to spend most of your day on the phone trying to sell your clients products that they probably don’t need. If you’re [...]
ACA, ACCA or CIMA
Until not so long ago, it was clear that ACAs were given preferential treatment by investment banks recruiting accountants over those armed with competing qualifications, such as the ACCA and CIMA. But has the playing field slowly become more level? The cold, hard facts The employment figures from the ICAEW, the ACCA and CIMA do [...]
Is the MBA obsolete?
An MBA from a top business school was a sure thing to boost your credentials for a more senior role. Not any more. The cyclical nature of markets is magnified in the MBA world, a cold planet where feelings of self entitlement and superiority go to die, nowadays. Not too long ago, with a Top [...]
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