For better or worse, Wall Street is a "who you know" sort of world where reputation and image go a long way. Although getting a job with a Wall Street firm
does not require a degree from a top-notch university, the fact remains
that many top banks recruit at a limited number of schools, and those
schools are often prominently placed on the ubiquitous "Best" lists. In
fact, in some cases, particular firms will hire only from a
narrow list of specific universities; if an outsider applies, their
resume will "be kept on file," but the odds of an interview are quite
low.
Read more here:
http://www.investopedia.com/financial-edge/1212/how-to-get-a-job-on-wall-street-if-you-went-to-community-college.aspx#axzz2ErYWZFtb
Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts
Friday, December 21, 2012
Tuesday, November 30, 2010
FinancialEdge: Santa's Financial Naughty List For 2010
It looks like it is time once again for St. Nick to tally up the good and bad for the year. While there are some financial folks who belong on the "nice" list (maybe the billionaires who publicly pledged to make sizable bequests?), there is no doubt that the "naughty" list on Wall Street is always quite a bit longer. (For more holiday related reading, check out Top Holiday Budget Busters.)
Then again, maybe the naughty boys and girls on this list should take some cheer from their inclusion - because of their own actions, commodities like lumps of coal are worth more than they have been in a while!
PIGS
While the European sovereign debt crisis undoubtedly stretches back to 2008 (if not earlier), it really heated up early in 2010. Greece was already something of a basket case, but the news kept getting worse, culminating in an international bailout in early May. Amidst all the worries about whether Greece would single-handedly sink a major bank or two, worries began to bubble up that Spain and Portugal would soon be in similar straits. Although Spain and Portugal seem relatively stable for now, Ireland brings the year to a close with its own prolonged financial difficulties and bailout.
There is no shortage of names that can go down on Santa's black list for this one. National governments lied to each other and their citizens about the state of their economies, and then gorged on cheap external debt to fund public largess. Of course, the banks who bought the debt also bought the lie(s) or assumed that they could pass the buck on to the public in the form of bailouts if things went south. Last and not least, some of the citizens of these countries themselves should earn a spot on the list for protesting and demonstrating against their governments for daring to actually try to put themselves on a paying, solvent basis and cutting some of these debt-fueled freebies. (For more, check out How Countries Deal With Debt.)
Please follow this link for the full piece:
http://financialedge.investopedia.com/financial-edge/1110/Santas-Financial-Naughty-List-For-2010.aspx
Then again, maybe the naughty boys and girls on this list should take some cheer from their inclusion - because of their own actions, commodities like lumps of coal are worth more than they have been in a while!
PIGS
While the European sovereign debt crisis undoubtedly stretches back to 2008 (if not earlier), it really heated up early in 2010. Greece was already something of a basket case, but the news kept getting worse, culminating in an international bailout in early May. Amidst all the worries about whether Greece would single-handedly sink a major bank or two, worries began to bubble up that Spain and Portugal would soon be in similar straits. Although Spain and Portugal seem relatively stable for now, Ireland brings the year to a close with its own prolonged financial difficulties and bailout.
There is no shortage of names that can go down on Santa's black list for this one. National governments lied to each other and their citizens about the state of their economies, and then gorged on cheap external debt to fund public largess. Of course, the banks who bought the debt also bought the lie(s) or assumed that they could pass the buck on to the public in the form of bailouts if things went south. Last and not least, some of the citizens of these countries themselves should earn a spot on the list for protesting and demonstrating against their governments for daring to actually try to put themselves on a paying, solvent basis and cutting some of these debt-fueled freebies. (For more, check out How Countries Deal With Debt.)
Please follow this link for the full piece:
http://financialedge.investopedia.com/financial-edge/1110/Santas-Financial-Naughty-List-For-2010.aspx
Monday, November 1, 2010
FinancialEdge: How To Get A Job On Wall Street
No matter how many scandals befall and befoul Wall Street, there never seems to be a shortage of people who want to work on Street. Whether it's the supposed glamor and glory of the jobs, or the decidedly more real above-average compensation, there is almost always a willing surplus of talented people who want to become analysts, traders or managers. (For related reading, also be sure to check out Wanna Be A Bigwig? Try Investment Banking.)
Like any industry, there is no hard-and-fast rule about how to get a foot in the door. That said, there are a few tried and true paths that those who want to work on the Street should seriously consider.
Undergrad Name Brands Matter
If somebody wants to catch a fish, it stands to reason that they should frequent the lakes and rivers where there are fish. Likewise, someone who already thinks that they are cut out for Wall Street as early as their high school years should try to target those universities where investment banks recruit undergraduates. This list includes the Ivy League schools, other well-known universities like University of Chicago, Duke and Georgetown, and a fairly large percentage of the top 25 schools in the United States.
Please click below for the full article:
Like any industry, there is no hard-and-fast rule about how to get a foot in the door. That said, there are a few tried and true paths that those who want to work on the Street should seriously consider.
Undergrad Name Brands Matter
If somebody wants to catch a fish, it stands to reason that they should frequent the lakes and rivers where there are fish. Likewise, someone who already thinks that they are cut out for Wall Street as early as their high school years should try to target those universities where investment banks recruit undergraduates. This list includes the Ivy League schools, other well-known universities like University of Chicago, Duke and Georgetown, and a fairly large percentage of the top 25 schools in the United States.
Please click below for the full article:
http://financialedge.investopedia.com/financial-edge/1110/How-To-Get-A-Job-On-Wall-Street.aspx
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