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Category: Salary & Benefits

A Day in the Life of a West Coast Wall Street Banker

To most people, the term "Wall Street" conjures images of cleanly shaven white men wearing short haircuts and blue or gray pinstripe suits, scurrying in and out of cabs and skyscrapers-in New York City. Read More >

What the BLEEP is Work/Life Balance?

We're two weeks away from releasing our annual Vault Accounting 50, a ranking of the best accounting firms to work for in North America. And, this year, as in the past two, the Vault 50 doesn't only rank firms in the area of prestige, but also in other important "quality of life" categories. Read More >

Take the 2012 Accounting Survey Quiz

This year, a record number of accountants filled out our annual Accounting Survey, the results of which are used to create the Vault Accounting 50, a ranking of the best accounting firms to work for in North America. Below is a short quiz (with answers at bottom) that highlights some of the survey's demographic and general findings (note: complete and firm-specific results will be available in just over three weeks). Good luck.   1. Read More >

Gender Wage Gap Persists--Except for Butlers

Here's some depressing news: Bloomberg recently compiled 2010 census data to discover that the only women who out-earned men last year (per dollar) were shining shoes, house sitting, and parking cars. Oh, and ceremoniously handing rich people letters on entrée platters: female butlers made $1.02 for every $1 men earned. Read More >

Intern Lawsuits: Round Two

Consider the ball officially rolling: another intern is suing. Lucy Bickerton, a former intern at the Charlie Rose show, worked 25 hours per week, without pay. Her law firm, Outten & Golden (the same one that's representing Xuedan Wang's suit with Hearst), is hoping to turn the suit into a class action for all the show's unpaid interns as far back as March 2006. Read More >

4 NYC Firms Romney Wants to Buy

Tonight, in the 667th GOP debate in the past five months, the remaining Republican presidential candidates (Newt Gingrich, Rick Santorum, Ron Paul, and Mitt Romney) will be on hand in Mesa, Arizona, to give us yet another glimpse into the inner workings of the greatest political minds in America. And, earlier today, in anticipation of what's sure to be an extremely heated contest, Mitt Romney unveiled his latest plans concerning the personal tax rate. Read More >

The Other Problem with Unpaid Internships

It goes without saying that unpaid internships offer no salaries or benefits. But did you know that unpaid interns have no basic protections under labor laws? This is something a lot of kids learn the hard way. I certainly did. I once worked a completely unpaid internship for three months, mainly for one special reward:  a reference (upon successful completion of the internship) from the owner of the company, an influential film producer. Read More >

Are Unpaid Internships Fair?

Xuedan Wang, a former intern at Harper's Bazaar, worked for the magazine from August 2011 to December 2011. The position was full time, with hours topping out at 55 hours per week, but Wang received no payment for her labor. Now, the former intern is suing the parent company, Hearst, for a violation of federal and state wage and hour laws. Let's take a look at her case, and the current laws governing unpaid internships. Read More >

Life After Facebook's IPO

As early as today, Facebook is expected to file for an estimated $10 billion IPO. This means that the world's most popular and controversial social media company will soon be a public and extremely wealthy one. It also means that at least 800 million people (the number of Facebook users) are wondering what a post-Facebook IPO world will look like. The answer to that question (at least in part) is below. 1. The tech geeks will finally inherit the earth. Read More >

What Makes a Company a Great Place to Work?

Here at Vault, we've long been aware that, when it comes to choosing a place to work, money isn't the most important factor: firm culture is.* (The reason we know this: our annual surveys of employees at leading professional services firms around the world.) That raises an obvious question: if firm culture is so important to employees, what makes a great culture? Read More >

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