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Category: Finance

11 Interview Questions Private Equity Firms Ask (and How to Answer Them)

Although the interview process in private equity varies by firm, all applicants will participate in a "fit" interview. In these, you will answer questions about your background or experience, and the hiring manager assesses your credentials and personality to see if you are a good match for the firm. Some firms also ask candidates to complete a paper LBO or walk through a case study. Read More >

What Hedge Fund Managers Really Do All Day

Today, there are more than 8,900 hedge fund firms in the world. Many firms have fewer than five employees, and even the largest firms typically have only between 200 and 1,000 employees. Bridgewater Associates, for example, has the most assets under management of any hedge fund, but it only employs 1,500 people. J.P. Morgan Asset Management, ranked second in assets under management, employs less than 1,000 investment professionals. Read More >

How to Land a Private Equity Job

Landing a private equity job might not be as difficult as running a four-minute mile or swimming across the English Channel, but it can be quite a formidable challenge. To many who love finance (and large paychecks), a private equity position is a dream job. And the majority of PE firms only hire when they're fundraising or otherwise expanding. Read More >

50 Best Banking Firms to Work For

Follow me on Twitter. Read More:Thanks to Goldman, Wall Street Work-Life Balance Is Better Than EverIs Wall Street Getting Less Diverse? Read More >

Is Wall Street Getting Less Diverse?

Recently, I wrote about the improving work/life balance and work hours on Wall Street. To recap: based on Vault's latest Banking Survey of 3,000 investment banking professionals, respondents rated their work/life balance and satisfaction with respect to work hours much better than they did last year. In fact, nearly across the board, in 19 of 20 quality of life categories in which we asked bankers to rate their own firms, scores were higher this year versus last. Read More >

What We Brag About When We Brag About Long Hours

I have a friend who's a serial entrepreneur and whose latest entrepreneurial venture, his tenth or eleventh, has proven to be "the charm." Previously, he ran businesses in real estate, apparel, and hospitality; some of which did well, while others went bust quickly. But his latest, in health and wellness, has made him a millionaire. That is, now, for the first time in his career, he's earning north of $1 million a year. Read More >

Thanks to Goldman, Wall Street Work-Life Balance Is Better Than Ever

Due to a couple of recent high profile banker suicides that were apparently connected to brutal work schedules, you wouldn't think that working hours and work-life balance are getting better on Wall Street. However, according to the results of Vault's latest Banking Survey, that's exactly what's happening. And, in fact, now in investment banking, satisfaction with respect to work hours is at a five-year high, and work-life balance satisfaction is at an all-time high. Read More >

How to Ace Guesstimate Interview Questions

Guesstimates are interview questions that ask candidates to come up with a figure, usually the size of a market or the number of objects in an area. The most important thing to remember about guesstimates is that they are designed to let your interviewer see how your mind works, rather than designed to see if you can get the right answer. In any case, here's how to tackle them: 1. Begin with a question. Read More >

6 Finance Interview Questions That Test Your Market Knowledge

In light of the credit crunch of late 2008, students are going to see the same "How did we get here?" question masked in a variety of forms. A solid understanding of subprime and other credit-related products, write-downs, and leverage is key to answering these kinds of questions. Below are some examples of questions you might expect. All of these are designed to test your knowledge rather than assess your past behavior. 1. What is meant by mark-to-market? Read More >

Is the Constant Connection to Our Jobs Melting Our Children’s Minds?

Here's a scene you can witness at any number of New York City restaurants any night of the week: A mother sits down with her two young kids, and before menus are brought out, the mother hands the kids matching iPads. The kids then proceed to play video games through their entire meal, looking up just once or twice from their respective screens, only to drink some water or fill their mouths with food they're too busy to taste. Read More >


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