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There's Nothing You Can Do About Your Student Loans

Just in case you needed any more proof that we're not likely to see a sudden U-turn from the government over the ability to clear student loans in bankruptcy, Bloomberg has another story on the subject for us today-this time detailing the lengths that Uncle Sam will go to in order to ensure that your loan will not be dischargeable in bankruptcy. The piece focuses on the case of on Tangerie Shells, a social worker with an elderly mother disabled husband, and three children to support. Read More >

What Are Cover Letters Good For?

The Vault team has written a lot about cover letters lately, from asking whether they are even necessary to giving tips on how to draft a good one.  But I've been reviewing a good number of resumes and cover letters recently (because we're hiring), and I've noticed a trend: job applicants don't know what cover letters are even for. Read More >

Harvard Business School Links Sarcasm With Success

Years ago, during a first-round on-campus interview with an investment bank, I was asked to tell a joke. Although I don't remember which joke I told, I remember receiving a slight laugh (I also remember receiving a second-round interview but not a third-round interview or a job offer). Read More >

The Top Tech Job Search Terms

The speed of change in the tech industry can be one of its biggest selling points or its greatest threat to your career, depending on your perspective. For proof of that concept, consider the list of the most-used terms in tech job postings, which come to us courtesy of Textio, a startup that is dedicated to predicting the performance of all kinds of written material online. Read More >

Pushing the Curtain Aside for an Encore Career

I recently went to dinner with a friend whose decades-long career, judging from all outside appearances, has been a resounding success. This is why I found myself scratching my head when she asked the question, "Am I crazy for wanting to make a switch at my age?" My initial thought was, "Yes! Why would you want to switch industries during what can only be described as the peak of a triumphant career? Read More >

7 Tricky Interview Questions Private Equity and Hedge Fund Firms Ask

Brainteasers are like standardized tests: of little relevance to the actual subject but designed to compare all people equally. As for what these tricky interview questions entail, they typically encompass probability and/or statistics. Both hedge funds and private equity firms use brainteasers during the interview process. But hedge funds use them more often because these questions test mental math skills, which are perhaps more important for hedge fund jobs than PE positions. Read More >

If You Work For a Hedge Fund, Now's the Time to Ask For a Raise

Remember a few years back when it seemed like everyone and their mother's hedge fund manager were being busted for insider trading? Well, it turns out that what those folks were doing wasn't insider trading at all. Or, rather, it was, but back then it was illegal to trade on inside information, and now it's legal. That is, sort of legal, as long as you don't know it's insider trading and/or you don't take money for handing over an inside tip. Yes, it's all very confusing. Read More >

Seven Things Legal Interns Must do to be Successful

Law students are now expected to graduate with at least two legal internship experiences under their belt, including externships, clinics, fellowships, summer associate positions, clerkships, or simply a part-time law job during the school year. These opportunities are crucial for getting post-graduate attorney positions, building your practical legal skills, getting strong recommendations, and developing valuable working relationships with attorneys who will be career-long allies. Read More >

How to Brainstorm Effectively: Tips From a Former Consultant

Andrew Faircloth and Brent Macon were management consultants for three years (Andrew with Bain & Co., Brent with McKinsey & Co.). They started Primer Sports in August to help outgoing professionals use sports to connect with people in the workplace and beyond. Both are first-time entrepreneurs. Read More >

Will Computers Soon Replace Junior Lawyers? No.

A new survey finds that 35% of the leaders of large law firms can envision a law-focused version of IBM's artificial intelligent computer Watson replacing first year associates in the next five to ten years.  The survey (PDF), which polled the managing partners and chairs of 320 firms of 50+ attorneys, also shows that 47% of firm leaders see paralegals being replaced by technology in the same time frame. Read More >

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