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Category: Finance

Pros and Cons of Graduate Film School

George Lucas went (to USC). Kathryn Bigelow went (to Columbia). And Ang Lee and Martin Scorsese both went (to NYU). But there are scores of other accomplished directors-including Quentin Tarantino, Christopher Nolan, the Wachowskis, and Miranda July-that never set foot inside a film school (except, perhaps, to screen one of their films). Read More >

Young Banker Loses Two Jobs Over One Email

Poor Justin Kwan. The second-year Barclays banker thought he was merely making a harmless joke or two when he sent an email to the new class of summer interns with the subject line "Welcome to the Jungle" and including in its body the "10 Commandments" of the power and utilities banking group, of which he was a part. Instead, Kwan's email, which was anything but harmless (in fact, it was quite humorless), was quickly posted on scores of websites, including Gawker, Dealbreaker, and WSJ. Read More >

WARNING: Working on Wall Street Kills

In the wake of two recent deaths of young Wall Street bankers, it seems a good time to revisit the subject of punishing hours in investment banking. In case you hadn't heard, earlier this week news spread about a 22-year-old Goldman Sachs analyst who'd fallen to his death in what appears to have been suicide. Read More >

Does Hiring Based on 'Cultural Fit' Encourage Discrimination?

My first job after graduating college was working as a financial analyst for an investment bank in New York. A couple weeks into that first job, one of the associates I worked with told me how the behind-the-scenes decision making process went in my hiring: The managing director of the group in which I worked wanted to hire another candidate with a higher GPA and better (more directly-related) internships. Read More >

The Wildest and Craziest (and Maybe Most Helpful) Commencement Speech of 2015

Except for processed meat and pie, there's nothing America loves more than comebacks, underdogs, and crazy rambling acceptance speeches. Which means America must love Matthew McConaughey, the Texas-born actor who staged quite a career turnaround on his way to an Academy Award in 2014, and gave quite a strange speech upon accepting that award. Read More >

Where the Self-Made Billionaires Work

Forgetting, for a moment, that money is the root of all evil, that money can't buy happiness, and that it's easier for a camel to thread the eye of a needle than for a rich man to enter paradise, let's talk about billionaires. More specifically, let's talk about self-made billionaires, because anyone with a head and a heartbeat can inherit a billion, but not everyone can make a billion on his or her own. Read More >

Forget Goldman and McKinsey, Take a Gap Year Instead

Australians and Europeans have been taking them for decades, and now the practice of taking gap years-ditching the workforce or school for a short time and instead living and working abroad-is catching on in the U.S. And studies show that it might in fact help academic and job performance. Many academic experts argue that a gap year improves students' performance later on, makes them more mature and more independent. Read More >

Wall Street’s Return: Wonderful or Frightful?

It's official: Wall Street's back. That is, the banking industry is just about back to where it was before the financial crisis of 2008 with respect to both profits and staffing. And so, depending on where you stand, the Return of Wall Street is either a sugary sequel to a superhero blockbuster, or a gory sequel to a frightening slasher flick. Read More >

57-Year-Old Proves It’s Never Too Late to Work for a Start-up

Not all start-up employees are unshaven twenty-somethings who wear T-Shirts, sneakers, and jeans to the office. In fact, some are unshaven fifty-somethings who wear T-shirts, sneakers, and jeans to the office. One such employee is Jerry Weiss, a former Citi and JPMorgan Chase banker who, at 57, is by far the oldest-and most experienced-employee of a New York-based start-up called Bond Street. Read More >

In Interviews, Heart and Brains Beats Experience

One of JetBlue Chairman Joel Peterson's guiding principles when it comes to hiring has been looking for heart and brains, at the expense of work experience. Peterson, who is also a former CEO of real estate giant Trammell Crow and who has taught for several years at Stanford Business School, is the subject of the latest New York Times Corner Office column. Read More >

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