eFinancialCareers Editorial Feed

In case you missed the news, Jane Street pays well. Last month, we suggested it might pay each of its 3,500 people $2.3m each. 💥Follow us on WhatsApp for news alerts. 💥 It turns out we were wrong. Late Friday, shortly before the UK bank holiday, Bloomberg reported that Jane Street actually paid its people $2.7m each for 2025. That's not bad given that most of them don't even know what their i…

HSBC, how's it going? Well. It's up, and its down. We are now one year on from HSBC's surprise decision in the first quarter of 2025, to close its M&A and equity capital markets businesses outside of Asia and the Middle East. Senior bankers were let go as a result, with many departing after February 2025 when bonuses were due to be paid.  💥Follow us on WhatsApp for news alerts. 💥 The dis…

This time last year, Chirayu Rana was a vice president in JPMorgan's leveraged finance team, where, he says, he was busy originating and underwriting investments across the 'software, healthcare, financial technology, business services, and consumer services sectors.' Rana was 34 year- old and he seemed the sort of illustrious person whose career might flourish. Five months later, he was out. An…

At Northern Trust, a career isn’t just a job, it’s a journey. From the moment someone joins us, they’re supported with opportunities to learn, build skills, grow into new roles and shape long-term careers. Our Quarter Century Club, a tradition dating back to our founder Byron L. Smith, celebrates employees who have reached remarkable milestones on that journey. We welcomed 288 new members in 20…

Catherine Ross, the head of private credit at M&G investments in the UK is understood to be leaving the firm.  Ross, who joined M&G in October 2005 and is a senior female figure in London's private credit industry, is retiring later this year. 💥Follow us on WhatsApp for news alerts. 💥 A spokesperson for M&G said: "We thank her for the leadership and dedication she has shown – we wi…

If you apply for a quant job at hedge fund Balyasny, you might meet Giuseppe (Gappy) Paleologo . He is the head of quant research there. He is also a good guy. 💥Follow us on WhatsApp for news alerts. 💥 Paleologo is currently hiring researchers on salaries alone of $250k. Speaking to a student podcast last month, he said he typically conducts two or three interviews a week and spends a lot…

Lorna Hajdini , the JPMorgan executive director at the centre of a storm over now retracted allegations that she sexually harassed a colleague , is thought to have gone on leave. JPMorgan isn't commenting, except to say that it thoroughly investigated all the claims, which appeared unfounded and that the claimant refused to cooperate with its investigation. Hajdini's lawyer told the New York Post…

It’s well known that in financial services (or any career besides sports, really) you get the best years of your professional life at the end of your career, when you have the most experience and biggest network to exploit. Recent research, however, suggests something very different. Click here to join the bubble by eFinancialCareers, our new anonymous community.  ✍️ The research is courtesy of…

Reporting season for America’s biggest boutique investment banks is underway. Some did great – such as Evercore , which double its revenue. Or PJT , which reported a record quarter. But today was Perella Weinberg Partners – which did not do quite so well. Click here to join the bubble by eFinancialCareers, our new anonymous community.  ✍️ Topline figures were not very good. Revenues were down …

Financial services firms fire people. It's a sad fact of life, but it also comes with the territory of what can be very high pay at a comparatively young age and the ability to wear a vest/gilet in all weathers if male. When you are fired from your financial services job, you have three options. You can go quietly. You can go noisily. Or you can go quietly and then make a noise. If you choose…

If you're a credit trader in a bank , your job may seem precarious as electronic systems take over. But it may be safer than assuming a credit trading role at a hedge fund. 💥Follow us on WhatsApp for news alerts. 💥 We understand that two senior traders who had long careers in banks have left their seats in hedge fund Verition, one of them after only a few months.  Rani Nazim, the former co-he…

If you're Lorna Hajdini, an executive director in JPMorgan's New York leveraged finance team, it's a difficult day. Hajdini, who didn't respond to a request to comment for this article, is the subject of accusations from an unnamed male junior on her team, who claims she sexually harassed him. He has filed a case to this effect with the New York County Supreme Court. 💥Follow us on WhatsApp for …

If you’re technologically-minded and want to work in finance, there are really two career options for you: either get into the whole quant thing , or stick to normal bank technology . If you’re interesting in being paid well, you might be surprised at which one is better. Click here to join the bubble by eFinancialCareers, our new anonymous community.  ✍️ Our Compensation & Lifestyle Report 202…

Jane Street is expanding. In London, Bloomberg reports that the electronic trading firm is doubling its office space. Some of these hires will be related to AI, where Jane Street currently has 10 vacancies worldwide. But with investment in AI comes the need for something else: investment in data centres.  💥Follow us on WhatsApp for news alerts. 💥 Jane Street isn’t commenting but the firm is…

Bankers do love their military metaphors.  Former Goldman Sachs CEO Lloyd Blankfein famously had to remind a colleague during the 2008 financial crisis that “You're getting out of a Mercedes to go to the New York Federal Reserve. You're not getting out of a Higgins boat on Omaha beach".  The reason that bankers love battle vernacular is that it sounds good.  It’s cooler to refer to your elite str…

Citadel is among those paying respects this week to Amit Marathe, an engineer who spent nearly two decades working for the firm and who has passed away in his early 50s. Writing on LinkedIn, friends and colleagues said Marathe combined humility, wisdom and generosity to the extent that he even donated a kidney to a total stranger. He always had perfect grades but "never carried any air about his…

I am a junior investment banker at a major US bank in London. I work in M&A for the sort of bank everyone wants to work for. My life is awful.  I am fed up with banking. I am fed with the hours. I am fed up with the work. I am fed up with the managing directors (MDs). I thoroughly hate this existence. 💥Follow us on WhatsApp for news alerts. 💥 I keep hear banks saying that AI will make ju…

As we have reported here , UBS's fixed income salespeople and traders have been through some changes. All sorts of people have left the rates team . Others have arrived. Something good seems to have happened.  💥Follow us on WhatsApp for news alerts. 💥 UBS reported today that its fixed income sales and trading revenues rose by 38% year-on-year in the first quarter. This compared to an increase …

Boutique bank Evercore released its Q1 of 2026 results today, the second boutique to do so this season after PJT yesterday . PJT did well, but Evercore’s results were almost unbelievable.  Click here to join the bubble by eFinancialCareers, our new anonymous community.  ✍️ The topline figures were great. Net revenue for Q1 doubled, going from $695m to $1.4bn, the driving force of which was an i…

Bank of America posted pretty good results for 2025 as a whole .  But, in London at least, BofA doesn't appear to have increased pay. Click here to join the bubble by eFinancialCareers, our new anonymous community.  ✍️ Bank of America has disclosed figures for 2025 for its London-based material risk takers (MRTs), a regulatory invention that refers to employees whose “professional activities ha…