Topic: finance

Wall Street Is Not The Go To Place For Money Hungry-College Grads Anymore

Wall Street Is Not The Go To Place For Money Hungry-College Grads Anymore

Sorry ambitious college grads but Wall Street is not the place it used to be. Goldman Sachs just dealt a major blow to all the young hopefuls entering Wall Street with hopes of making a huge bonus within their first two years and being on the path to a guaranteed lucrative career in finance. The firm has stopped offering two-year contracts to its most junior investment bankers, typically new college graduates, ending a quarter-century practice, a company spokesman said. Analysts now won’t be guaranteed bonuses for completing their first two years, which was a major draw. More »

5 Things To Keep In Mind When You Are Offered Equity In A Company

5 Things To Keep In Mind When You Are Offered Equity In A Company

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 »

These Wall Street Women Are Taking Their Game Off The Floor And On To The Field

These Wall Street Women Are Taking Their Game Off The Floor And On To The Field

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 »

11 Insane (And Real) Questions Asked At Wall Street Interviews

11 Insane (And Real) Questions Asked At Wall Street Interviews

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 »

So Much for ‘Lehman Sisters’: Ina Drew Was Pressured To Take More Risks

So Much for 'Lehman Sisters': Ina Drew Was Pressured To Take More Risks

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 »

Thinking In A Foreign Language May Make You Better At Your Job

Thinking In A Foreign Language May Make You Better At Your Job

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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Warren Buffett Announces He Has Cancer, Assures Shareholders It Won’t Impact His Work

Warren Buffett Announces He Has Cancer, Assures Shareholders It Won't Impact His Work

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 »

Greg Smith’s Letter May Have Hurt Goldman Shares, But Does He Really Expect A Culture Change?

Greg Smith's Letter May Have Hurt Goldman Shares, But Does He Really Expect A Culture Change?

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 »