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Category: Workplace Issues

Why Wall Street Loves Military Veterans

Although work-life balance is getting better on Wall Street, entry-level investment banking positions are still incredibly grueling. Working 100 hours a week for several weeks in a row is not uncommon. Nor is feeling immense pressure to turn something around in a matter of hours that could cost your firm millions of dollars. And many senior bankers think nothing of screaming until their faces nearly fall off to get their points across. Indeed, working on Wall Street isn't for sissies. Read More >

An Open Letter to Wall Street Recruiters: What Junior Bankers Really Want

Dear Wall Street Recruiters,  I would first like to say that I do very much applaud you for making an effort: those "protected weekend" policies were a nice touch (and the least you could do in light of what happened last summer) and the 20 percent salary hikes just announced will not go unappreciated. Read More >

Have Wall Street’s Gay and Female Diversity Policies Gone Too Far or Not Far Enough?

Although Wall Street is still considered, in some corner cubicles, to be an "old school," "Waspy," "predominantly Caucasian male-dominated" industry filled with "ex-Ivy Leaguers," it has slowly been growing more diverse with respect to gender, race, and sexual identity. In fact, in the past five years, the industry has gone from not wanting to even talk about diversity issues to downright blasting them over loudspeakers. Read More >

Vault's 2015 Consulting Rankings Are Here!

It's been quite a year for changes in the consulting industry, which is apropos for the launch of our 2015 Consulting Industry ranking-the pendulum for "Best Consulting Firm to Work For" has swung back to Bain this year, with the firm beating McKinsey to pole position by the slenderest of margins, powered by incredible performance across our individual Best to Work For categories.   Out in the industry, the biggest change is easy to identify: the deal that saw Booz & Co. Read More >

Use Those Vacation Days!

The last two weeks of August are upon us. Still not sure if you will take vacation? Thinking you might just take a long weekend instead of a full week off, because there's just too much to do? Or are you thinking, it's a slow time at the office, may as well stick around and be productive while things are quiet? Think again. Neuroscientist, musician, professor and best-selling author Daniel J. Read More >

Vacation Auto-delete for Email: Good Policy or Bad for Business?

Over on his Marginal Revolution blog, Economist Tyler Cowen reports that German auto firm Daimler has given some 100,000 employees the option to have any incoming emails auto-delete while they are on vacation. According to the FT piece cited by Cowen, "The sender is notified by the 'Mail on Holiday' assistant that the email has not been received and is invited to contact a nominated substitute instead. Employees can therefore return from their summer vacation to an empty inbox. Read More >

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 >

7 Things You Need to Do to Win Promotion

Promotion tends to make us think of moving up the so-called corporate ladder, but maybe we need to think about the importance of what we're doing on our level - lateral promotions. What you're doing now in your career is just as important. However, if working your way up is what you want then go for that. Just don't forget that there are other ways to show off your skills and experience. Read More >

"Don't Choose this Firm!" What the Unhappiest Consultants Say About Their Companies

As we gear up for the launch of the 2014-15 Vault Consulting rankings later this month, I've been spending a lot of time with the data collected from our survey, trying to figure out what makes the top firms different from the others in the industry. The answer to that question: happy employees-and lots of them. For more than that, you'll have to check back in when we launch the rankings on August 19th! Read More >

Interview Tips: How Eye Contact Can Get You the Job

If you were interviewing someone who couldn't make eye contact, would you give them the job? Probably not. I got the same answer from a colleague who works in Human Resources, who's had the power to hire (or to say thanks but no thanks) to many hundreds of applicants. Although poor eye contact might just be due to nerves or shyness - and completely understandable in an interview situation-it's something you need to tackle if you think it may be holding you back. Read More >

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