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Category: Finance

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 >

Silicon Valley vs. Silicon Alley: Where Are Salaries Higher?

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 >

22 Strange But True Interview Questions That Wall Street Firms Ask

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 >

Tinder Sexual Harassment Suit Sheds (More) Light on Silicon Valley's Chauvinistic Culture

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 >

President Obama Talks Work-Life Balance With CEOs of Goldman Sachs and Shake Shack

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 >

Should Employees Be Allowed to Watch the World Cup at Work?

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 >

Return of the Pay Czar: Coming Soon to a GM Plant Near You

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 >

Prestige, Money, or Google Didn’t Hire Me: Why Do Ivy League Grads Really Work on Wall Street?

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 >


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