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Category: Finance

Beware of This Breakfast Interview Trick

If you ever have a breakfast interview with Walt Bettinger, the CEO of financial services giant Charles Schwab, beware of receiving the wrong order. That is, don't be surprised if you receive eggs over easy with a side of bacon when what you actually ordered was French toast with home fries. One thing I'll do sometimes is to meet someone for breakfast for the interview. Read More >

This Radical Move to End Wall Street Greed and Hubris Just Might Work

Not that long ago, most Wall Street banks weren't public entities but private partnerships. And so, instead of their names ending with a Co. or an Inc., they ended with an LLP. Which meant, among other things, if the firms were forced to pay fines for misdeeds, it wasn't shareholders that picked up the tab (because there weren't any shareholders) but the bankers themselves, which is to say the partners themselves. Read More >

The Devil Wears Tom Ford

When you think of great female corporate leaders, you might not think of Anna Wintour. But you should. Wintour-a mother of two who serves as the artistic director of the Condé Nast empire in addition to overseeing many of its publications, including Vogue, Golf Digest, and Brides-is undoubtedly one of the most powerful women working in U.S. business today, not to mention the most powerful man or woman working in the fashion industry today. Read More >

Is Insead a Better MBA School Than Harvard?

According to the Financial Times' new MBA rankings, Insead is the best business school in the world. The school, based in France and Singapore, ranked No. 1 in the FT's 2016 global MBA rankings, unseating Harvard, last year's top MBA program, which ranked No. 2 this year. Insead and Harvard were followed by London Business School, Wharton, and Stanford, respectively. The reason for Insead's rise to No. 1 (it ranked No. 4 last year) had to do with its length and thus affordability. Read More >

Will 'Billions' Inspire Millions of New Hedge Fund Managers?

When Oliver Stone made his iconic Wall Street film "Wall Street" in 1987, he was doing so, at least in part, to call out the greed and hubris of the financial world and to castigate the greedy bankers and traders on the Street during the 1980s in hopes, at least in part, that young people (men) would think twice before jumping into careers in finance, or at least think twice before they head down a very dark road once firmly into their Wall Street careers. Read More >

The One Thing Cruz, Rubio, Clinton, and Sanders Agree On: Wall Street Stinks

During his final State of the Union address, President Obama joked that he'd make his speech short so everyone can get back to Iowa, meaning to the campaign trail, meaning Republicans and Democrats can both return to preaching to their respective bases, meaning both Republicans and Democrats can return to bashing Wall Street. Yes, this time around, even the Republicans are bashing bankers, biting the hands that often feed them. Read More >

Q&A With Ellen Jin, a Morgan Stanley Credit Risk Analyst

Ellen Jin is a former Morgan Stanley intern who recently joined the firm on a full-time basis. Jin works as an analyst in the firm's Credit Risk Department. Last month, Jin spoke to Vault about how she landed her internship and why she took a full-time position with Morgan Stanley. She also offered some advice for students looking for financial services internships. Below is an excerpt of that conversation. VAULT: Where did you grow up and go to school? Read More >

The Lifestyle of Private Equity Professionals

Once you've landed a job with a private equity firm, you can expect to experience some of the most interesting, fast-paced work in finance. The pay and benefits will be commensurate with this kind of work-but so will the pressure. Typically, private equity investments are high-stakes ventures; if you're helping to manage a billion-dollar stake in a major company, you'll be held responsible for the outcome. Read More >

Pluses and Minuses of Working in Private Equity

Since the turn of the century, the private equity industry has grown tremendously. Today, private equity firms worldwide manage some $3.8 trillion in assets, up from "only" $716 billion in December 2000. Broadly defined, private equity is an investment in a nonpublic entity or private company. The majority of the firms that invest in private equity (some 3,300) are headquartered in the U.S. Read More >

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