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Category: Finance

Would You Rather Be Poor and Happy in Portland or Rich and Miserable in New York?

Although there are few job opportunities in Portland, Oregon, and its skies are gray more often than they're blue, unemployed young people keep moving to the city in significant numbers. According to the New York Times (and to handful of friends of mine who've migrated to the Pacific in recent years), the reason they go west is for the natural beauty and easier-going lifestyle. That is, no one's moving there for work or money. Read More >

Why Are Wall Street Women So Unsatisfied?

Last week I examined how much better Ivy League grads have it on Wall Street compared to non-Ivy Leaguers. This week I turn to women vs. men-specifically to women and men at the two most prestigious investment banks on the planet: Goldman Sachs and Morgan Stanley. I was curious to see, parsing our latest Banking Survey data, the difference between how men and women at GS and MS rate their respective firms in various workplace categories. Read More >

Do Ivy League Grads Have More Fun on Wall Street?

If you went to undergrad at one of the so-called Ancient Eight and work on Wall Street, chances are you're having a much better time than your non-Ivy League-educated colleagues.  That's what data from Vault's latest Banking Survey suggests. Consider the below table, in which we compare the ratings that Ivy League-educated banking professionals gave their firms in various workplace categories with those that non-Ivy League grads gave their firms. Read More >

Vault's 2015 Banking Rankings Are Live

Earlier this year, Vault surveyed nearly 3,600 banking professionals at more than 85 of the top banking firms in North America. We asked these professionals to rate their peer firms on a scale of 1 to 10 based on prestige (they were unable to rate their own firm and were asked to only rate banks with which they were familiar). Read More >

Why Wall Street Loves Military Veterans

Although work-life balance is getting better on Wall Street, entry-level investment banking positions are still incredibly grueling. Working 100 hours a week for several weeks in a row is not uncommon. Nor is feeling immense pressure to turn something around in a matter of hours that could cost your firm millions of dollars. And many senior bankers think nothing of screaming until their faces nearly fall off to get their points across. Indeed, working on Wall Street isn't for sissies. Read More >

An Open Letter to Wall Street Recruiters: What Junior Bankers Really Want

Dear Wall Street Recruiters,  I would first like to say that I do very much applaud you for making an effort: those "protected weekend" policies were a nice touch (and the least you could do in light of what happened last summer) and the 20 percent salary hikes just announced will not go unappreciated. Read More >

Have Wall Street’s Gay and Female Diversity Policies Gone Too Far or Not Far Enough?

Although Wall Street is still considered, in some corner cubicles, to be an "old school," "Waspy," "predominantly Caucasian male-dominated" industry filled with "ex-Ivy Leaguers," it has slowly been growing more diverse with respect to gender, race, and sexual identity. In fact, in the past five years, the industry has gone from not wanting to even talk about diversity issues to downright blasting them over loudspeakers. Read More >

Goldman Sachs’ ‘Protected Saturday’ Policy Might Be Working After All

Last fall, in the wake of Goldman Sachs' announcement of its new policy preventing young bankers from working on Saturdays (unless working on a live transaction), I wrote about Why Goldman Sachs' New Saturdays-Off Policy Won't Work. Now, some nine months later, after several other banks have followed Goldman's suit and enacted their own "Protected Saturday" policies, I'm happy to report that I might've spoken too soon. Read More >

How to Answer Difficult Situational Interview Questions

The following is an excerpt from the new Vault Career Guide to Accounting.  A situational interview features questions about how you handled or would handle a job challenge. These types of questions aim to assess your problem-solving and critical-thinking skills and see how you think on your feet under stress. Situational interview questions can be difficult to answer because they can be about almost anything and you might never have encountered some of the challenges. Read More >

Are Boutiques Replacing the Bulge Bracket as Most Prestigious on the Street?

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 >

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SALARY FINDER

SALARY FINDER

Health Service Administrator

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