Career Crunch: Why cover letters are a waste of time, the firms hiring ex-UBS investment bankers

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What have you missed in the fast-moving world of financial services recruitment? Here’s a round-up of the top stories on eFinancialCareers over the past week.

The one thing you need to know about cover letters when applying for a banking job

You may have spent hours crafting the finest covering letter that really sells you to a potential employer. Don’t bother – recruiters don’t read them anyway.

Older, better-qualified and keener than ever: meet the only graduates investment banks want to hire

Getting into a front-office investment banking graduate role is tougher than ever. New analysts share their tips for securing a role.

How to land a job at Ernst & Young

EY is a hiring over 10,000 people in the U.S. alone over the next year. Here’s what it takes to impress their recruitment team.

Six interview questions that could kill your career in one of banking’s hottest sectors

Wealth management is still a hot sector in Asia, but if you can’t answer these interview questions, expect your job search to come to a shuddering halt.

The investment banks, boutiques, hedge funds and fund managers who have been hiring UBS bankers

Just 46% of people leaving UBS’s investment bank have found alternative jobs. Here is a comprehensive breakdown of the firms hiring them.

"Investment banking has become an industry for middle class mediocrities"

Think that joining an investment bank puts you among society’s elite? You’re actually one of the legions of middle class morons, believes one former Goldman Sachs banker.

Tips for spotting cultural red flags in interviews

Is the firm you’re about to join likely to make your life a misery? Here are nine signs that you should probably stay away.