You’ve been offered the job at the startup or small company of your dream. You are eager to accept, except the employer just threw another ball in the game that you have to think about; owning a share of the company. Small entrepreneurial companies usually offer grants of common stock or positions in an employee stock option plan to employees and other key participants such as contractors, board members, advisers and major vendors. This kind of offering is very exciting but deciding whether to take equity in the company or not is a huge decision. We decided to talk to some experts about this in case you are ever faced with this kind of opportunity. More
Women on Wall Street are far and few between. To give you some perspective, in the U.S. women account for only 2.7% of the chief executives in the financial industry, and 16.8% of the executive officers, according to a study by Catalyst. According to the latest Mergis Group Women in Finance survey, less than half (48%) of women in accounting and finance are satisfied with the progression of their careers and nearly three-quarters (73%) of women in accounting and finance believe they face a dissimilar set of obstacles as opposed to their male counterparts. More
We’ve written about some very real and tough interview questions as well as just plain weird ones. But when it comes to Wall Street interviews, Dorothy we aren’t in Kansas anymore. Wall Street is a whole different ball game. The great site Wall Street Oasis asked its readers what some of the weirdest questions they ever got were and the responses were amazing. Here are 10 insane and real questions that have been asked at Wall Street interviews. More
Adriana Vasquez makes $8.35 an hour cleaning the bathrooms at JP Morgan Chase in Houston. The job keeps her so busy she doesn’t have time to take bathroom break herself. So yesterday, Vasquez confronted JP Morgan head Jamie Dimon with a question: “Why do you deny the people cleaning your buildings a living wage?” More
We all know the financial industry it a tough working environment, especially for women. But a new confessional article in The Guardian’s Banking Blog paints a terrifyingly dark picture. Young people who work in finance are in danger of losing any sort of hope and ambition they once had and could become sociopaths. More
A recent British study revealed that women in financial services jobs take home £30,000, or $47,335 USD, less in pay a year than men in similar roles, including bonuses. We examine why the elimination of “gagging clauses” hasn’t helped change the pay ratio and why there are still so few females in C-level positions in finance. More
It’s become a long-standing joke in the conversation about women in the financial sector: If Lehman Brothers was Lehman Sisters, could the whole financial crisis have been averted? Everyone from Arianna Huffington to Alliance Trust CEO, Katherine Garret-Cox has used the punchline to demonstrate that we need more gender balance on Wall Street. But does the resignation of Ina Drew show that women are just as capable of risky behavior that can seriously damage companies and markets? More
According to new research, people make more rational decisions when they think things through in a foreign language. Humans tend to be risk averse and will stay away from attractive business decisions as a result. But when they think in a foreign language they are less afraid of risks because you are using the more analytical side of the brain. Forget business school, just order Rosetta Stone.
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Business titan Warren Buffett released a statement today to the shareholders of his company announcing he has Stage 1 Prostate Cancer. Buffett, the chairman, CEO and primary shareholder of Berkshire Hathaway, said he will begin a two-month radiation program in mid-July, and that though his travel schedule may be restricted his usual routine should be otherwise unaffected. More
I don’t know if I will ever look at muppets the same way again. Yesterday, Goldman Sachs employee Greg Smith wrote a scathing resignation letter as a New York Times editorial, in which he criticized his employer for breeding a corporate culture of greed and excess and treating clients terribly. But didn’t we already know that the was nature of Wall Street? People in Idaho know Wall Street is corrupt. Two-year-old children, who haven’t even seen the film Wall Street, know the reputation. What does Greg Smith really expect his grandiose address to do? More
According to new research, investment banking may be hazardous to your health. We know that sitting in an office all day is already not great for our health but investment bankers seem to have to deal with a whole other bag of tricks. A University of Southern California researcher found insomnia, alcoholism, heart palpitations, eating disorders and an explosive temper in some of the roughly two dozen entry-level investment bankers she shadowed fresh out of business school. Every individual she observed over a decade developed a stress-related physical or emotional ailment within several years on the job, she says in a study to be published this month. Great. So for women in addition to having to deal with a male-dominated investment banking environment, you may now develop a drinking problem.