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Reading Munro and Murakami Improves Interviewing Skills Says Study

Last week, the New York Times highlighted a recent study conducted by two psychologists from the New School that apparently proves that reading literary fiction can help you become a better interviewee. Say you are getting ready for a blind date or a job interview. What should you do? Besides shower and shave, of course, it turns out you should read-but not just anything. Read More >

Is Silicon Valley Just as Decadent as Washington and Wall Street?

In a recent interview with online arts and political magazine Guernica, George Packer, a staff writer for The New Yorker, talks about his latest book, The Unwinding: An Inner History of the New America, which was published earlier this year and was inspired, in part, by "the failure of Wall Street, the failure of Washington, [and] the bottoming out of the economy. Read More >

1,825 Days Later: Wall Street After the Crisis

Five years ago this week, Lehman Brothers infamously filed for bankruptcy, Merrill Lynch was force-fed to Bank of America, and 80 percent of AIG was purchased by the Federal Reserve Bank of New York in exchange for $85 billion in debt in what was the largest government bailout in U.S. history. In other words, this week marks the fifth anniversary of the financial crisis of 2008. Read More >

The 16 Most Disgruntled Analysts on Wall Street

Last week, Vault released its latest Vault Banking 50, a ranking of the best investment banks to work for in North America. And for the first time, a non-bulge-bracket bank ranked No. 1 in the rankings: The Blackstone Group. Read More >

50 Best Investment Banks to Work For

Earlier this year, Vault surveyed nearly 3,500 banking professionals, asking them to rate their peer firms in terms of prestige, as well as their own firms in several quality of life categories, including compensation, hours, culture, business outlook, training, and overall satisfaction. A weighted formula* was then applied to these ratings to create the 2014 Vault Banking 50-a ranking of the best firms to work for in investment banking. Read More >

Death of BofA Intern Shines Brighter Light on Killer Workweeks

Last week, a 21-year-old Bank of America intern in London died after reportedly working three all-nighters in a row. Read More >

Will the London Whale Swallow Jamie Dimon’s Swagger?

Yesterday it was just a rumor but today it became official: the U.S. has filed criminal charges against two ex-JPMorgan traders in connection with a controversial trading position/scandal commonly referred to, for its largesse, as the London Whale. The position (a trade in credit derivatives) went extremely south last year and so far has cost JPMorgan more than $6 billion. What the U.S. Read More >

You Don't Have to Work on Wall Street to Work on Wall Street

To many people, the phrase "Wall Street" conjures a young Michael Douglas, hair slicked-back, red suspenders over his shoulders, manicured fingernails curled around a microphone, standing at the head of a classroom filled with eager MBA students as the words "Greed is good" proudly spews forth from between devil-red lips. Read More >

On Wall Street You Might Get Vacation, But You Can’t Take It

Investment banking analysts and associates notoriously work very long hours. It's not uncommon for a corporate finance analyst at a prestigious bank in New York to regularly work more than 90 hours each week, or for an M&A or restructuring associate to put in more than 80 hours week after week. Read More >

5 Interview Questions Investment Banking Interns Need to Nail

Although most investment banks in North America and Europe have already hired their 2013 summer intern classes, banks in Australia are just beginning to accept applications for their latest internship programs, and interviews are on the way. For those interested in an investment banking internship, here are five interview questions every prospective intern should be able to nail.  1. What interests you most about a career in investment banking? Read More >

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