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Category: Salary & Benefits

You Won't Believe How Low Your Salary Falls on this Chart

First, apologies for the Upworthy-style headline format. But seriously, take a look at the chart below, from a recent New York Times piece on the divergence of global incomes. Note that the left-axis is denoted in millions of dollars. Now mark an x--real or imaginary (for the good of your device's screen, I'd recommend the latter)--where your own salary falls. If it's somewhere between those bottom two lines--welcome to the club. Read More >

Should We Be Working Less and Sleeping More?

The Congressional Budget Office predicted earlier this week that one of the side-effects of the Affordable Care Act would be to eliminate the equivalent of 2 million full-time jobs, almost entirely as a result of "a net decline in the amount of labor that workers choose to supply. Read More >

Jobs and the SOTU: Does the President's Agenda Have a Chance?

President Obama's State of the Union speech last night focused to a large degree on jobs and, specifically, on two key planks related to labor: the need to create more jobs, and raising wages for those at the bottom of the compensation ladder. Here are the main takeaways from the speech on those issues:   Setting the scene  No State of the Union speech would be complete without a progress check. Read More >

Can Graduating in a Recession Be a Good Thing?

Give a bunch of academics long enough, and they'll come up with a study that can suggest just about anything-including an upside to this terrible job market. According to an article in The Week, researchers at Emory University's Goizueta Business School have found that there may be a correlation between job satisfaction over the course of a career and the economic climate that you graduated into. Read More >

Five Tips for Using Your School's Career Services

You've learned to separate rumor from fact when it comes to career services. But what are some of the best ways to use this office to your advantage? See below for some tips to guarantee you are making the most of your career services office on campus. 1. Develop relationships Getting to know a career services advisor on campus can be instrumental to your career success. Your counselor is someone who can serve as your advocate, coach and sounding board. Read More >

No More Unpaid Internships for Conde Nast

It's the end of an era: publisher Conde Nast is ending its internship program in 2014, making this batch of (unpaid) interns its last. The change has come about after two former interns sued the publisher in June 2013, but ironically, it seems that those most upset by the end of the program are the prospective interns themselves. Read More >

Vault's 2014 Europe Consulting Rankings Are Here!

We are proud to announce that the 2014 Vault European Consulting Rankings are here-and that this year's edition comes with a unique achievement.  For the first time, one firm has taken the top spot in both our Top Consulting Firm and our Prestige rankings in all three regions covered by our survey. In emerging at the top of both of our signature rankings, McKinsey & Co. Read More >

Vault's 2014 Consulting Rankings are Here!

Having spent much of the past few years under the same kind of financial stresses as its clients, there are signs that the consulting industry is getting back to being a growth industry. Read More >

Vault Announces the Best Law Firms to Work For

We recognize that prestige is just one factor among many for law students and associates searching for the right law firm. For some candidates, quality of life weighs far more heavily in their considerations than a firm's reputation in the community. That's why each year Vault compiles its "Quality of Life" rankings, in addition to its rankings of the most prestigious law firms. 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 >

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