![]()
by Derek Loosvelt|July 23, 2014
Long before the subprime mortgage-backed securities hit the fan, a
handful of relatively small investment banking firms, often
referred to as boutiques, regularly competed with the likes of
Goldman Sachs and Morgan Stanley for talent. There was Stephen
Schwarzman's Blackstone Group, perhaps best known for its private
equity offerings, although for decades its advisory unit has been
well known for winning big deals and recruiting top-tier talent
from top-tier schools.
Read More >
![]()
by Derek Loosvelt|July 15, 2014
The East Coast-West Coast rivalry continues.If you're looking
for work in the so-called STEM sector and judge jobs by their
salaries, Bloomberg has put together several nice charts that show
you where tech compensation has grown fastest since 2008. But if
you're not a visual person, here's what you need to know when it
comes to cash: Seattle > San Francisco > Washington, D.C.
> New York.
Read More >
![]()
by Derek Loosvelt|July 08, 2014
You've done your research on the firm you're applying to. You know
your resume up and down. You're prepared to pepper your interviewer
with your strengths, your weaknesses, an example of a time you led
a team, an example of a time you had to overcome an obstacle, a
detailed description of a DCF model, your view on the current state
of the stock market, and your take on the Fed's current interest
rate policy.
Read More >
![]()
by Derek Loosvelt|July 03, 2014
Your top career-related news of the week: Tinder's misogynistic
side.It's not exactly news that Silicon Valley is about as female
friendly as a Wall Street trading floor. But a sexual harassment
suit brought by a former Tinder executive is shedding a ton of
fluorescent light onto the extent of the chauvinism and misogyny
that occurs behind start-up closed doors (and on tech firm
employees' Instagram accounts).
Read More >
![]()
by Derek Loosvelt|June 25, 2014
This past Monday, at 1600 Pennsylvania Avenue in Washington, D.C.,
President Obama met with several big swinging CEOs in a roundtable
discussion to talk about ways to make the American workplace better
for working families. The discussion was part of the first annual
White House Summit on Working Families, and among the roundtable
participants in attendance were Shake Shack's Randy Garutti,
Johnson & Johnson's Alex Gorsky, PwC's Bob Moritz, and Goldman
Sachs' Lloyd Blankfein.
Read More >
![]()
by Derek Loosvelt|June 17, 2014
Call it a fever, a virus, or merely an emotional infection, World
Cup-itis is no fictional disease. Every four years, it afflicts
hundreds of millions of people (this blogger included). And
although the causes are easy to explain-the exhilaration of
watching diving headers kiss the side netting, free kicks bending
around walls just out of reach of fully extended goalkeepers,
thirty-yard passes threaded between defenders onto the boots of
strikers sprinting toward goal-there's no known cure.
Read More >
![]()
by Derek Loosvelt|June 10, 2014
Like a bad sequel to a horror film, Kenneth Feinberg, the Obama
administration's former "pay czar," is back. And this time it's the
automotive industry, not oil companies or Wall Street, that needs
his expertise in assessing the wreckage.
Read More >
![]()
by Derek Loosvelt|June 03, 2014
If you've accepted a job with a Wall Street bank or are considering
working for one in the near future, you'll want to listen to what
Kevin Roose has to say. Roose is the author of "Young Money," a
book detailing his time following eight investment bankers
described as "a searing portrait of confused kids getting what they
thought they wanted and, in most cases, finding themselves truly
miserable, and even a little broken by the experience.
Read More >
![]()
by Derek Loosvelt|May 30, 2014
A former Goldman Sachs banker helps bring Beats to Apple.Behind
every big M&A deal is a big M&A Wall Street banker. And
Apple's acquisition of Dr. Dre and Jimmy Iovine's Beats Electronics
is no exception. Adrian Perica-who joined Apple in 2009 and who is
an alumnus of West Point, MIT, Deloitte, and Goldman Sachs-is the
former Wall Street banker who helped put Apple and Beats together.
Read More >
![]()
by Derek Loosvelt|May 28, 2014
Each year, the Harvard Crimson surveys Harvard seniors, asking them
a variety of questions about their future plans of employment and
their time at the revered institution of so-called higher learning.
This year, the survey produced several interesting results, in
addition to some disappointing results, as well as some disturbing
results. In any case, first let's talk about the interesting
results.
Read More >