The weak post-MBA finance job market

What's going on here? I'm a 2nd year at a M7 b-school graduating soon, and aside from banking, finance job market has been horrendous. On-campus recruiting was mostly banks and some long-only mutual funds. The people who wanted banking got it, but aside from that there are very few job postings and opportunities getting posted. A ton of my classmates gunning for IM, PE, HF, AM, are still looking.

It's disturbing since 2013 and 2014 were much better for finance MBAs. Although the U.S. economy is doing OK, finance has been getting slaughtered. My theory is that since banks and funds had a bad 2014, they are severely limiting hiring for 2015 (the opposite of 2010-2011 when they overhired).


The Ultimate Guide to CFA Practice Exams 2015

It's the time of the year again - the month right before CFA exams... it's crunch time!

This is the month that matters, where you turn from zero to hero through doing the iterative cycle of PRACTICE (x 100), discovering gaps in your knowledge, and removing that gap with final revision to make sure you never repeat the same mistake again.


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Webinar: Growth Equity as an Asset Class -- 530pm ET, 5/28/15

WEBINAR DESCRIPTION

Wall Street Mentor Anthony will be hosting a webinar entitled "Growth Equity as an Asset Class", with a q&a session to follow. Anthony is an industry veteran with experience in Private Equity.

If you have any interest in learning more about whether growth equity is fit for you, you should definitely join us on Thursday.

WATCH HERE

If you missed the webinar, it will be available on the homepage for 24 hours (2-3 weeks after the initial presentation), before going into the WSO Video Library.

When: 
May 28, 2015 - 5:30pm to 6:30pm
Event type: 
WSO Webinar

BUND UGLY

Mod Note (Andy): Originally published 1 May 2015 in The Daily Dirtnap. WSO readers qualify for a $100 discount to Jared's Daily Dirtnap daily market newsletter...just email [email protected] and mention "WSO Monkey Discount" You can follow Jared on twitter at @dailydirtnap

No secret that I’m a bond bear, but I’ve shut up about Europe, because, why impale yourself?

Source: Bloomberg

Party is over.


Financial Modeling Boot Camp (Minneapolis) --- 5/3-5/31

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Online Courses: Excel Crash Course

Live Seminar Highlights:

    When: 
    May 30, 2015 - 8:00am to May 31, 2015 - 5:00pm
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    Other Meetup

    AMA Discretionary Hedge Fund Trader

    I did one of these before a couple years back when i was on the sellside, and figured why not do another one since these threads seem to get a lot of traction and provide a lot of useful info for kids.

    My background:
    -Discretionary trader at a large hedge fund, focusing on credit and convertibles
    -Previously traded equity derivatives on the sell side

    Feel free to ask anything outside of compensation.


    "Wife Bonuses" - Allowances of the Upper East Side

    A New York Times writer put together an article on the wives of rich and powerful men in the upper east side. There's a lot of absurdity in the "national geographic" way the writer describes their lives and an obvious liberal, feminist tilt given the publication, but there is a hidden gem inside that is absolutely hilarious.

    And then there were the wife bonuses.

    Webinar: Banking Fit Interviews (Analysts / SA's / Associates) -- 730pm ET, 5/27/15

    WEBINAR DESCRIPTION

    Wall Street Mentor Prashanth will be hosting a webinar entitled "Banking Fit Interviews (Analysts / SA's / Associates) ", with a q&a session to follow. One of our top mentors, Prashanth is an industry veteran with experience in Investment Banking.

    If you have any interest in learning more about whether Banking is fit for you, you should definitely join us on Wednesday.

    WATCH HERE

    If you missed the webinar, it will be available on the homepage for 24 hours (2-3 weeks after the initial presentation), before going into the WSO Video Library.

    When: 
    May 27, 2015 - 7:30pm to 8:30pm
    Event type: 
    WSO Webinar

    High Priced Stocks

    For much of the market's history there was a stigma attached with buying an odd lot, that is less than 100 shares of a given stock.  In some markets like Japan investors still cannot trade in anything smaller than a round lot.  Round lot limitations create high hurdles for investors.  If an investor is required to purchase a round lot when a company's price is $250 a share they would need to have $25,000 to establish a position.  Minimum purchase sizes lock out smaller investors, or investors who don't wish to commit a sizable amount of capital up front.


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    'Brutally honest' cover letter leads to job

    As much as I hate to link anything from CNN...

    I was reading through some cover letters, and they were all fluff to me, everyone was embellishing and lying," Ross said. "I wanted to take a fresh approach, tell the truth, and be brutally honest.

    Here is the full article.


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