Subscribe to the Vault Finance RSS Feed.

Category: Finance

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 >

Pros and Cons of the Uberization of Work

Today, nearly one in five jobs is performed by a part-time independent contractor or freelancer. That's a 60 percent rise versus the number of jobs that part-timers held 15 years ago. This change in how we work has sometimes been referred to as the "gig economy." And recently, it has also been referred to as the "Uberization" of the workplace, named after the ride sharing company Uber, which employs 4,000 full-timers and 156,000 part-timers-that is, only 2. Read More >

5 Guesstimates Wall Street Firms Ask and How to Answer Them

Guesstimates are interview questions that involve asking candidates to come up with a figure, usually the size of a market or the number of objects in a certain area. Although guesstimates are more commonly given in interviews for consulting positions, they do pop up in finance interviews as well. Read More >

Debating the Affordability of an Undergraduate Degree

With the cost of college and thus student loan debt rising to ridiculous levels, there are many who believe an undergraduate degree is no longer worth pursuing. And that includes the very wealthy and very well educated. Take Peter Thiel, for example. Thiel is a big swinging PE investor and hedge fund manager who has two degrees from Stanford, co-founded PayPal, was Facebook's first external investor, and, at latest count, is worth well over $1.5 billion. Read More >

Are Cruel CEOs Better Leaders?

It's been well documented that many of today's great film directors are considered to be, to put it nicely, "difficult to work with." As evidence, there's the widely watched clip of David O. Read More >

Categories

Select Page:

Featured Companies

Career Update Newsletter

Tips and tools to help you manage your ideal career.