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Warren Buffett on How to Reach Your Career Potential
Warren Buffett may be an 82-year-old, but he has some pretty darn good advice for millennial job seekers, particularly for those in finance. In a Tuesday chat with Levo League, a networking and career advice site for women, Buffett stressed the power of mentorship, warning that looking up to the wrong people is a career-killer. “If […]
Beware Big Signing Bonuses That Come with Strings Attached
Any financial advisor with a decent book of business has gotten the call before: a recruiter from a rival firm is offering big upfront money to change teams. Such signing bonuses, however, are usually made in the form of a forgivable loan. While many have taken the money without consequence, some departing advisors earn more […]
Four Signs You’re About to be Laid Off
By the time UBS announced it was getting out of most of its fixed income business and laying off a third of its investment bankers, it was already too late for the thousands of employees getting the ax. But for those who saw it coming, and took pro-active measures to find employment elsewhere, they are […]
Change is a Four-Letter Word for Bankers on the Job Search
Bankers are generally seen as a rationale crowd. But when it comes to a job search after a layoff or firing, banking professionals often find it very hard to use that same logic to approach a job search. So says Jack Heyden, founding partner of Performance Mentors, a performance and leadership coaching firm. “Commercial banking […]
Managing a Career is a Full time Job
Even if you have a job, you should still prepare as if you were actively looking for a new one: career management is a continual process. An ideal opportunity may suddenly present itself or your work situation may change. It is always beneficial to keep abreast of the latest developments and not get caught unaware. […]
Why you will never make it beyond the mid-ranks of an investment bank
It’s promotion time in investment banks. At Goldman Sachs, people are being made partners and MDs. Other banks will soon follow in making promotions of their own. If you’re making a lot of money for your franchise and have spent several years in a position below the top rungs, you may think promotion is your […]
Wanna get ahead? Punch the boss
More than two decades ago, Travis Tucker and David Gatti crossed hockey sticks as teammates on the University of Massachusetts ice hockey team. After college, the two took jobs at Smith Barney as financial advisers and stayed with the firm after it merged with Morgan Stanley. Last week, Tucker took his entire wealth management team […]
Profiting from Your Performance Review
Formalized performance reviews are common in financial services. Whether you’re working at a large bank, investment bank, or private equity firm, the feedback that comes during the performance review process can be critical to your career success at your current employer and beyond, says Teresa Bur. Bur is vice president of human resources at CBIZ, […]
A masters course in career management from two veteran career experts
It’s the seemingly small things that sometimes harm our careers. These include not telling your story, failing to keep abreast of what’s going on in your company and in your industry and trying to be all things to all people, says David Sanford, an executive vice-president with the recruitment firm Winter, Wyman. “Be prudent and […]
How to get a job in private equity
While private equity firms continue to attract both new grads and seasoned financial veteran, these firms are extremely selective about their hires. More challenging still, these firms are almost universally small in size, and most will hire only a few new people in a typical year. The good news for those looking for jobs in […]
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