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Category: Salary & Benefits

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 >

Day in the Life of a New York City School Teacher

Clara Lin is a first grade school teacher in New York City. Lin always knew that she wanted to work in the field of education, but she wasn't sure exactly what she wanted to do, so she decided not to pursue the traditional undergraduate path to teacher certification. After graduating from college, she decided to look for a position in adult education and soon found a position at a nonprofit teaching English to adult students from all over the world. Read More >

The Best Consulting Firms to Work For 2016

I'm delighted to announce the release of the 2016 Vault Best Consulting Firms to Work For rankings for North America-the most comprehensive ranking of employers in the consulting industry that you can find anywhere. 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 >

Pros and Cons of Working in the Internet and Social Media Industry

There are many pros and cons to working in the Internet/social media industry. It's important to know what's attractive and challenging about the industry so that you can be prepared to meet any challenges that come your way along your path to success. Pros 1. Cutting edge. It's cool to be on the cutting edge of technology. 2. Smart coworkers. The industry is loaded with creative, well-educated people who are often inspiring to work with. 3. Career diversity. Read More >

5 Reasons Why Even CEOs Need Career Coaches

Coaches are present and accessible for a variety of things. Superstar athletes have coaches to become even bigger superstars and top performers in their sport.  Therefore, it makes sense for a career coach to be used during the job search, even when you hold the title of CEO. #1 - Career Coaches Prevent You from Making Mistakes Everyone likes to feel as though they are 100% correct about something. Read More >

The Problem with Netflix’s Parental Leave Policy

Let's say you're a 30-year-old woman and you're 22 weeks pregnant with your first child. Now let's say you work for Netflix, which just announced a new maternity and paternity leave policy that allows new mothers and fathers alike the ability to take as much paid parental leave as they want during their child's first year of his or her life. Read More >

Why Sleeping is Good for Your Career

With the launch of the consulting rankings I oversee being less than a month away, the concept of sleep deprivation-and particularly the correlation between sleep and productivity-is something that's always close to my heart at this time of year. 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 >

Goldman's New No Work After Midnight Policy

Years ago, back when I worked as a freelancer, there was this bar in Lower Manhattan that I frequented due to its notoriously good Sunday night happy hour, which actually began on Monday morning, that is, it began at the stroke of midnight-at 12 a.m. As I recall, this bar would be nearly empty on Sundays until about 11:56 p.m., at which point the place would begin to fill up and, by 12:03 a.m., there wouldn't be an open seat in sight. Read More >

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