Those MBAs who were fortunate enough to join investment banks recently and then keep their jobs are no doubt fretting about their bonuses, as compensation has come under the microscope amid the financial meltdown. Well, according to Forbes (“Yes, There Will Be Bonuses This Year”) it will not be all doom and gloom on Wall … Read More
Well, if it didn’t seem challenging enough to land a job in the financial field, now, according to Bloomberg and the Wall Street Journal, you may have to contend with the U.S. Government regulating your compensation. Although details of the bailout are not yet entirely clear, the WSJ is reporting that banks will be expected … Read More
It is not surprising that the global economic meltdown will affect MBA compensation, but the hedge fund world was supposed to “thrive” amid the ups and downs, as these funds are designed to perform amid volatility. Well, apparently, no one is immune to this downturn. According to the New York Times, recruiting firm Heidrick and Struggle … Read More
Why do so many MBAs aspire to enter private equity? Aside from the fact that the hours are generally better than those in investment banking, the organizations are leaner and the compensation is generally higher, it seems that the compensation is more stable as well. According to the Private Equity Analyst-Holt Compensation Study, released September … Read More
Last week, Bloomberg caught up with a few Wall Street Refugees, who are now trying their hands at new jobs in new industries (“Wall Street’s Jobless Try Cupcakes, Cheap Haircuts, Maybe Omaha”). Despite the elimination of more than 76,000 jobs, many bankers, thanks to years of hefty paydays, are landing on their feet—buying or starting businesses. This entertaining … Read More
A first-of-its-kind, on-demand MBA application experience that delivers a personalized curriculum for you and leverages interactive tools to guide you through the entire MBA application process.