Reuters blog archive
from George Chen:
By George Chen
The opinions expressed are the author’s own.
We all know how hot the job market is these days in the Chinese financial industry, and with almost every hirer facing the question of where to find enough smart people to fill those openings, some banks are trawling an alternative talent pool -- financial journalists.
In fact, the media industry has been a talent source for fund houses and investment banks for some time, but mostly for public relations- or marketing-related roles.
Talk to a spokesperson for a big bank such as Citigroup or Morgan Stanley, and you shouldn’t be surprised to learn she or he once worked for a leading media organisation before moving to the so-called “dark side”.
from The Great Debate UK:
-Lindsey Nefesh-Clarke is the founder of Women’s Worldwide Web – an online charitable organisation designed to help empower women with access to micro-finance loans, education, mentoring and networking. The opinions expressed are her own.-
“To reach a tipping point towards a new era of sustainability”: this is the urgent goal of the business, government and civil society leaders who convened in New York City for the recent U.N. Global Compact Leaders Summit.
Stuck in an elevator with a well-known investor, but not sure how to make the most of your two minute ride?
Data released by the Mortgage Bankers Association confirms the trend that prime borrowers are the ones to worry about.
While the percentage of mortgages entering the foreclosure process in the 2Q held relatively steady at 1.36%, the change in composition is noteworthy.
The bear market's message to MBA graduates - tough luck.
MBAs who graduate during a bear market may never get the chance to start a Wall Street career, which means they would earn significantly less over their lifetime than those who graduated when things were rosy around them, a Stanford business school study shows.
The proportion of graduating MBAs who manage to get hired into lucrative investment banking positions shrinks or expands depending on how well the stock market is performing in a given year, according to the study by Paul Oyer, an associate professor of economics at the Stanford Graduate School of Business. The study is based on the long-term career choices and salaries of the school's graduates over 35 years.
It’s the end of April, which means that a bunch of first-year MBA candidates are freaking out about not having summer internships lined up yet. But we’re here to help, with our annual Desperate Interns Drive.
This is a lot like the Internship Rodeo from November, except that it’s later in the game for both employers and employees. So if your firm or one of your portfolio companies is looking to hire summer interns from the current crop of first-year MBA candidates, please drop me a note at email@example.com.
from Trading Places:
The New York Times is reporting a shift in campus recruiting, thanks to the Wall Street meltdown. Firms such as JP Morgan Chase, Deutsche Bank and others have canceled recruitment sessions at Harvard, Princeton, Stanford and other universities. With more than 100,000 financial industry jobs lost so far this year, students who had been banking on six-figure salaries following graduation are rethinking their career trajectories. Matriculating into the highest-ranked schools and dual degrees are at the top of the list. Law school is becoming an increasingly appealing option.
Perhaps more notable is that students pay attention now in career services workshops. According to Robin Mount, interim director of career services at Harvard, students were more focused. "In previous years, they often spent these sessions sending text messages; this year, the sessions have been purposeful and heavily attended. Ms. Mount said she could have heard a pin drop."
from India Insight:
Sometimes journalists are accused of only writing about bad news, so I wanted to share with you a wonderful day I had last Friday travelling to Hyderabad.
For a change, even the journey was smooth. I went on a brand-new plane with one of India's new airlines -- not only was the service good, but it actually left exactly on time, and arrived early. A bit of a rarity in my recent experience of India's congested airports and airspace.