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Wall Street Oasis » Forums » I-Banking Bullpen
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Less Ivy League grads heading to Wall Street...
 

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zach9's picture
zach9
     
 
(Monkey, 45
 
Points)
 on 12/27/11 at 10:35pm
new job.jpg

Is this good for Wall Street or bad? From Bloomberg:

We are witnessing the decline and fall of the investment-banking profession as we have known it for the past 40 years. The evidence is everywhere. The increasing regulations on Wall Street -- as required by the Dodd-Frank law and still being written by the Federal Reserve, the Securities and Exchange Commission, the Commodities Futures Trading Commission and others agencies in the U.S. and Europe -- will require the remaining companies to increase their capital, curb their risk- taking and reduce their principal investing.

From: Wall Street Loses Grads To Teaching

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Tags:
  • Ivy League
  • I-Banking Bullpen
UFOinsider's picture

Good. Less competition for

UFOinsider
      O
 
(Human, 10,347
 
Points)
 on 12/27/11 at 11:55am

Good. Less competition for me. Let the entitled rich do what they do best...play with the children...while the hardened workaholics from the lower classes slash and burn a new clique on Wall Street.

Shit will be better run...this is best for everyone. The old guard never wanted to be bothered with doing this job correctly anyway, let them go 'discover themselves'. When they get their heads out of their asses, mommy and daddy will find them a good job, so don't worry about them.

Until then, now's our chance.

YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...

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joe_monkey's picture

My favorite comment is the

joe_monkey
      CO
 
(Baboon, 117
 
Points)
 on 12/27/11 at 12:04pm

My favorite comment is the one suggesting liberal arts majors are today's Michelangelos.

Don't believe everything you think.

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Sexy_Like_Enrique's picture

UFOinsider wrote: Good. Less

Sexy_Like_Enrique
     
 
(Gorilla, 660
 
Points)
 on 12/27/11 at 12:44pm
UFOinsider:

Good. Less competition for me. Let the entitled rich do what they do best...play with the children...while the hardened workaholics from the lower classes slash and burn a new clique on Wall Street.

Shit will be better run...this is best for everyone. The old guard never wanted to be bothered with doing this job correctly anyway, let them go 'discover themselves'. When they get their heads out of their asses, mommy and daddy will find them a good job, so don't worry about them.

Until then, now's our chance.

Being at an Ivy League college and being rich don't have much to do with each other. Top Ivies are incredibly generous with their financial aid to their students who don't come from money. Many times, it is actually cheaper to attend Harvard than your state flagship. I can attest to the fact that at my Ivy, a significant portion of the class comes from very humble or average family background.

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Sexy_Like_Enrique's picture

This article seems to suggest

Sexy_Like_Enrique
     
 
(Gorilla, 660
 
Points)
 on 12/27/11 at 12:52pm

This article seems to suggest that the reason why increasingly growing number of Ivy grads aren't ending up in I-banking analyst gigs is due to self-selection, due to Occupy Wall Street sentiment or whatever. However, I highly doubt that is the case. It is likely due to the simple fact that analyst jobs are much more scarce in this economy compared to before.

And, Ivy grads turning down Goldman IBD analyst job offer for Teach For America? Are you fucking kidding me?? No person in a sane mind would do that. Why the fuck would anyone turn down a 120k per year job for a 30k per year job unless he is retarded? If I happened to know someone who makes such a choice, I would force that individual to get his head examined for sanity. Seriously.

It's like when someone gives you the choice to choose from a Ferrari or Honda Civic, you would be fucking retarded to take Honda Civic just because you are afraid that others will think you are a rich spoiled brat for driving a Ferrari. Teach For America is an absolute garbage gig compared to Goldman IBD. Those two don't belong in the same sentence.

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Ches's picture

I would rather do bitch work

Ches
      HF
 
(Senior Monkey, 75
 
Points)
 on 12/27/11 at 12:49pm

I would rather do bitch work than get spat on by minorities for teaching them math.

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Sexy_Like_Enrique's picture

Ches wrote: get spat on by

Sexy_Like_Enrique
     
 
(Gorilla, 660
 
Points)
 on 12/27/11 at 12:54pm
Ches:

get spat on by minorities for teaching them math.

And all that trouble and shame for that glorious 30k per year salary

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UFOinsider's picture

Sexy_Like_Enrique

UFOinsider
      O
 
(Human, 10,347
 
Points)
 on 12/27/11 at 12:54pm
Sexy_Like_Enrique:

Being at an Ivy League college and being rich don't have much to do with each other.

Aside from the minority of smart kids from humble beginnings, wealth has EVERYTHING to do with this. Wait until you start working, it's even more noticeable. I'm from a working class town, and the guy sitting next to me spends his weekends in the Hamptons...and has the most sickeningly overentitled attitude I've ever seen. It's VERY ingrained here, and if these kids want to take themselves out of the equation...I'm all for it. Go, be free, educate and be merry. Meanwhile, I and a legion of other guys that never stood a chance get a crack at this.

FYI, I'm not against ivies or rich people....but I am neither and so this is an opportunity for me and people like me. You can argue this point if you like, but that's how it is.

YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...

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Sexy_Like_Enrique's picture

UFOinsider

Sexy_Like_Enrique
     
 
(Gorilla, 660
 
Points)
 on 12/27/11 at 12:59pm
UFOinsider:
Sexy_Like_Enrique:

Being at an Ivy League college and being rich don't have much to do with each other.

Aside from the minority of smart kids from humble beginnings, wealth has EVERYTHING to do with this. Wait until you start working, it's even more noticeable. I'm from a working class town, and the guy sitting next to me spends his weekends in the Hamptons...and has the most sickeningly overentitled attitude I've ever seen. It's VERY ingrained here, and if these kids want to take themselves out of the equation...I'm all for it. Go, be free, educate and be merry. Meanwhile, I and a legion of other guys that never stood a chance get a crack at this.

FYI, I'm not against ivies or rich people....but I am neither and so this is an opportunity for me and people like me. You can argue this point if you like, but that's how it is.

Wait what? What does your example have to do with the student body at Ivy League colleges?

Let's face it - there are douches anywhere you go, whatever college you go, and there are those 'spoiled rich' brats pretty much at any major college of big size. For example, George Bush's daughter went to U Texas.

Maybe I could agree with your point that there is a bit of higher concentration of wealthy students at Ivy colleges compared to other colleges, but it is absurd to suggest that Ivy League and 'wealthy snobbery' are interchangeable objects.

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seedy underbelly's picture

I currently attend an Ivy.

seedy underbelly
      IB
 
(King Kong, 1,090
 
Points)
 on 12/27/11 at 1:01pm

I currently attend an Ivy. People aren't turning down WS jobs; they just aren't getting them anymore. A 3.2 English Lit major at Columbia, for instance, could have easily landed an IBD job with a bit of effort back in 2006, but these days it's next to impossible.

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Sexy_Like_Enrique's picture

seedy underbelly wrote: I

Sexy_Like_Enrique
     
 
(Gorilla, 660
 
Points)
 on 12/27/11 at 1:02pm
seedy underbelly:

I currently attend an Ivy. People aren't turning down WS jobs; they just aren't getting them anymore. A 3.2 English Lit major at Columbia, for instance, could have easily landed an IBD job with a bit of effort back in 2006, but these days it's next to impossible.

Dude, I fucking wish I was born just 5 years earlier. Fuck this shit, and fuck this economy...

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UFOinsider's picture

Sexy_Like_Enrique wrote: And,

UFOinsider
      O
 
(Human, 10,347
 
Points)
 on 12/27/11 at 1:06pm
Sexy_Like_Enrique:

And, Ivy grads turning down Goldman IBD analyst job offer for Teach For America? Are you fucking kidding me?? No person in a sane mind would do that. Why the fuck would anyone turn down a 120k per year job for a 30k per year job unless he is retarded?

If their parents are worth lots of money, income right after college is irrelevant.

My man, if you are in an ivy like you say you are, wake up and look around at the people driving Mercedes and Porches to school at the age of 17/18/19. You still seem to have no concept of the money and power floating around you. If I came from wealth, there's no way you could make me work 100 hours / week unless I just loved it...but coming from almost nothing, 100 hour weeks is a small price to pay for access to wealth + power.

YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...

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UFOinsider's picture

Sexy_Like_Enrique

UFOinsider
      O
 
(Human, 10,347
 
Points)
 on 12/27/11 at 1:08pm
Sexy_Like_Enrique:
seedy underbelly:

I currently attend an Ivy. People aren't turning down WS jobs; they just aren't getting them anymore. A 3.2 English Lit major at Columbia, for instance, could have easily landed an IBD job with a bit of effort back in 2006, but these days it's next to impossible.

Dude, I fucking wish I was born just 5 years earlier. Fuck this shit, and fuck this economy...

It will pick up again, don't worry, just do your part and the rest will take care of itself. The fact that some of your classmates are idiots and not taking these jobs is good news for you and everyone here. In fact, I'm not going to state this point again, as I still have family members graduating.

YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...

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deal_mkr's picture

will cohan really annoys me

deal_mkr
      IB
 
 
(Senior Orangutan, 431
 
Points)
 on 12/27/11 at 1:12pm

will cohan really annoys me and this article is typical

he throws out some good statistics however seeks to explain them by throwing out a totally unsupported populist sucker-punch (that kids are going to TFA over GS). where is the data to support this?

In fact, the first two thirds of his article did a pretty good job explaining why fewer ivy grads (and why probably fewer grads in total) are going into WS - fewer JOBS! Cohan was too dumb to connect the dots within his own article. He even reverses cause and effect - saying fewer graduates are choosing WS because they see that it is sinking rather than the more logical explanation that WS is hiring fewer grads because its going through tough times.

Also, WS isnt as "cool" as it once was, probably lots of top grads are now going to work at tech firms. (Although is working at Facebook really more productive for society than working at MS?)

i thought after this guys book/rant on GS bombed that he would finally get his soapbox taken away

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happypantsmcgee's picture

Sexy_Like_Enrique wrote: And,

happypantsmcgee
      O
 
 
(Almost Human, 9,621
 
Points)
 on 12/27/11 at 1:16pm
Sexy_Like_Enrique:

And, Ivy grads turning down Goldman IBD analyst job offer for Teach For America? Are you fucking kidding me?? No person in a sane mind would do that. Why the fuck would anyone turn down a 120k per year job for a 30k per year job unless he is retarded? If I happened to know someone who makes such a choice, I would force that individual to get his head examined for sanity. Seriously.

My buddy turned down Greenhill, Evercore, HW and Deloitte S&O for TFA and he is STILL the smartest guy I know. He has 4 interviews with huge name PE and IB shops in the coming weeks for an internship between his first and second year for TFA. So he gets the TFA Bschool bump and the 'high finance' experience.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

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seedy underbelly's picture

.

seedy underbelly
      IB
 
(King Kong, 1,090
 
Points)
 on 12/27/11 at 1:40pm

.

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DRX's picture

Sexy_Like_Enrique wrote: This

DRX
     
 
(Monkey, 64
 
Points)
 on 12/27/11 at 1:20pm
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IRSPB's picture

I don't buy this altruistic

IRSPB
     
 
(Senior Baboon, 225
 
Points)
 on 12/27/11 at 1:28pm
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thejoker's picture

Sexy_Like_Enrique wrote: And,

thejoker
     
 
(Baboon, 109
 
Points)
 on 12/27/11 at 1:31pm
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DRX's picture

Believe it or not, not every

DRX
     
 
(Monkey, 64
 
Points)
 on 12/27/11 at 1:32pm
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TNA's picture

If all the people who wanted

TNA
      O
 
 
(Human, 13,510
 
Points)
 on 12/27/11 at 1:45pm

MSF Website
MACC Website
MSF Twitter

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happypantsmcgee's picture

To everyone saying that TFA

happypantsmcgee
      O
 
 
(Almost Human, 9,621
 
Points)
 on 12/27/11 at 1:48pm

If I had asked people what they wanted, they would have said faster horses - Henry Ford

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Brady4MVP's picture

IRSPB wrote: I don't buy this

Brady4MVP
      HF
 
(Neanderthal, 3,161
 
Points)
 on 12/27/11 at 1:58pm
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JWR34's picture

Some banks have refocused

JWR34
      IB
 
(Orangutan, 255
 
Points)
 on 12/27/11 at 2:06pm
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Thurnis Haley's picture

Stupid article. They're not

Thurnis Haley
     
 
(Orangutan, 367
 
Points)
 on 12/27/11 at 2:12pm
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happypantsmcgee's picture

Thurnis Haley wrote: Stupid

happypantsmcgee
      O
 
 
(Almost Human, 9,621
 
Points)
 on 12/27/11 at 2:13pm

If I had asked people what they wanted, they would have said faster horses - Henry Ford

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Thurnis Haley's picture

happypantsmcgee

Thurnis Haley
     
 
(Orangutan, 367
 
Points)
 on 12/27/11 at 2:19pm
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happypantsmcgee's picture

Thurnis Haley

happypantsmcgee
      O
 
 
(Almost Human, 9,621
 
Points)
 on 12/27/11 at 2:21pm

If I had asked people what they wanted, they would have said faster horses - Henry Ford

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Sexy_Like_Enrique's picture

happypantsmcgee

Sexy_Like_Enrique
     
 
(Gorilla, 660
 
Points)
 on 12/27/11 at 2:33pm
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Sexy_Like_Enrique's picture

DRX wrote: Sexy_Like_Enrique

Sexy_Like_Enrique
     
 
(Gorilla, 660
 
Points)
 on 12/27/11 at 2:37pm
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Devils Advocate's picture

UFOinsider wrote: Good. Less

Devils Advocate
      IB
 
(Senior Gorilla, 869
 
Points)
 on 12/27/11 at 2:39pm

Interview Guides
WSO Resume Review

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Sexy_Like_Enrique's picture

JWR34 wrote: Some banks have

Sexy_Like_Enrique
     
 
(Gorilla, 660
 
Points)
 on 12/27/11 at 2:41pm
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Brady4MVP's picture

There are very few

Brady4MVP
      HF
 
(Neanderthal, 3,161
 
Points)
 on 12/27/11 at 2:41pm
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happypantsmcgee's picture

Sexy_Like_Enrique

happypantsmcgee
      O
 
 
(Almost Human, 9,621
 
Points)
 on 12/27/11 at 2:43pm

If I had asked people what they wanted, they would have said faster horses - Henry Ford

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Sexy_Like_Enrique's picture

happypantsmcgee

Sexy_Like_Enrique
     
 
(Gorilla, 660
 
Points)
 on 12/27/11 at 2:53pm
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UFOinsider's picture

Devils Advocate

UFOinsider
      O
 
(Human, 10,347
 
Points)
 on 12/27/11 at 2:51pm

YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...

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UFOinsider's picture

Sexy_Like_Enrique

UFOinsider
      O
 
(Human, 10,347
 
Points)
 on 12/27/11 at 3:00pm

YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...

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happypantsmcgee's picture

I think most of you are

happypantsmcgee
      O
 
 
(Almost Human, 9,621
 
Points)
 on 12/27/11 at 3:04pm

If I had asked people what they wanted, they would have said faster horses - Henry Ford

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N.R.G.'s picture

Quote: Having a hard time

N.R.G.
     
 
(Orangutan, 293
 
Points)
 on 12/27/11 at 3:11pm
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aempirei's picture

William Cohan

aempirei
      IB
 
(Gorilla, 726
 
Points)
 on 12/27/11 at 3:35pm

My name is Nicky, but you can call me Dre.

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JWR34's picture

Sexy_Like_Enrique

JWR34
      IB
 
(Orangutan, 255
 
Points)
 on 12/27/11 at 3:51pm
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IRSPB's picture

^^ Aaah so US recruiting is

IRSPB
     
 
(Senior Baboon, 225
 
Points)
 on 12/27/11 at 4:13pm
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JWR34's picture

IRSPB wrote: ^^ Aaah so US

JWR34
      IB
 
(Orangutan, 255
 
Points)
 on 12/27/11 at 4:32pm
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Sexy_Like_Enrique's picture

JWR34

Sexy_Like_Enrique
     
 
(Gorilla, 660
 
Points)
 on 12/27/11 at 4:54pm
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Sexy_Like_Enrique's picture

JWR34 wrote: IRSPB wrote: ^^

Sexy_Like_Enrique
     
 
(Gorilla, 660
 
Points)
 on 12/27/11 at 4:56pm
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monty09's picture

1. GS partnered with TFA a

monty09
      EN
 
 
(Senior Neanderthal, 5,405
 
Points)
 on 12/27/11 at 11:47pm

WSO Conf - June 29, 2013

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IamObama's picture

My response goes to this

IamObama
      ER
 
 
(Gorilla, 621
 
Points)
 on 12/28/11 at 12:45am
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IamObama's picture

http://www.wallstreetoasis.co

IamObama
      ER
 
 
(Gorilla, 621
 
Points)
 on 12/28/11 at 12:53am
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seedy underbelly's picture

PS: Pretty sure it's "fewer"

seedy underbelly
      IB
 
(King Kong, 1,090
 
Points)
 on 12/28/11 at 2:29am
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Bruce.Wayne's picture

Success is subjective. I,

Bruce.Wayne
     
 
(Senior Monkey, 73
 
Points)
 on 12/28/11 at 2:40am
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monty09's picture

seedy underbelly wrote: PS:

monty09
      EN
 
 
(Senior Neanderthal, 5,405
 
Points)
 on 12/28/11 at 2:42am

WSO Conf - June 29, 2013

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Web Site Security Rules. Users are prohibited from violating or attempting to violate the security of the Web Site, including, without limitation, (a) accessing data not intended for such user or logging into a server or account which the user is not authorized to access, (b) attempting to probe, scan or test the vulnerability of a system or network or to breach security or authentication measures without proper authorization, (c) attempting to interfere with service to any user, host or network, including, without limitation, via means of submitting a virus to the Web Site, overloading, "flooding", "spamming", "mailbombing" or "crashing", (d) sending unsolicited e-mail, including promotions and/or advertising of products or services, or (e) forging any TCP/IP packet header or any part of the header information in any e-mail. Violations of system or network security may result in civil or criminal liability. The Company will investigate occurrences which may involve such violations and may involve, and cooperate with, law enforcement authorities in prosecuting users who are involved in such violations.

Specific Prohibited Uses.

The Company specifically prohibits any use of the Web Site, and all users agree not to use the Web Site, for any of the following:

  • Posting any incomplete, false or inaccurate biographical information or information which is not your own accurate resume
  • Using any device, software or routine to interfere or attempt to interfere with the proper working of this Web Site or any activity being conducted on this site.
  • Taking any action which imposes an unreasonable or disproportionately large load on this Web Site?s infrastructure.
  • If you have a password allowing access to a non-public area of this Web Site, disclosing to or sharing your password with any third parties or using your password for any unauthorized purpose.
  • Notwithstanding anything to the contrary contained herein, using or attempting to use any engine, software, tool, agent or other device or mechanism (including without limitation browsers, spiders, robots, avatars or intelligent agents) to navigate or search this Web Site other than the search engine and search agents available from the Company on this Web Site and other than generally available third party web browsers (e.g., Netscape Navigator, Microsoft Explorer).
  • Attempting to decipher, decompile, disassemble or reverse engineer any of the software comprising or in any way making up a part of the Web Site.
  • Aggregating, copying or duplicating in any manner any of the materials or information available from the Web Site.
  • Framing of or linking to any of the materials or information available from the Web Site.

User Information.

When you register for the Web Site, you will be asked to provide the Company with certain information including, without limitation, a valid email address (your "Information"). In addition to the terms and conditions that may be set forth in any privacy policy on this Web Site, you understand and agree that the Company may disclose to third parties, on an anonymous basis, certain aggregate information contained in your registration application. The Company reserves the right to offer third party services and products to you based on the preferences that you identify in your registration and at any time thereafter; such offers may be made by the Company or by third parties. Please see the Company's Privacy Policy below for further details regarding your Information.

Registration and Password.

You are responsible for maintaining the confidentiality of your information and password. You shall be responsible for all uses of your registration, whether or not authorized by you. You agree to immediately notify the Company of any unauthorized use of your registration or password.

The Company's Liability.

As a condition to your use of this site, you release the Company (and our agents and employees) from claims, demands and damages (actual and consequential, direct and indirect) of every kind and nature, known and unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way connected with such disputes. If you are a California resident, you waive California Civil Code d1542, which says: "A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor."

We are under no legal obligation to, and generally do not, control the information provided by other users which is made available through the Web Site. By its very nature, other people?s information may be offensive, harmful or inaccurate, and in some cases will be mislabeled or deceptively labeled. We expect that you will use caution and common sense when using this Web Site.

The Material may contain inaccuracies or typographical errors. The Company makes no representations about the accuracy, reliability, completeness, or timeliness of the Web Site or the Material. The use of the Web Site and the Material is at your own risk. Changes are periodically made to the Web Site and may be made at any time.

You acknowledge and agree that you are solely responsible for the content and accuracy of any resume or material contained therein placed by you on the Web Site and you agree to let any users that are identified as recruiters (designated in the sole discretion of the Company) to have access to your resume.

The Company is not to be considered to be an employer with respect to your use of the Web Site and the Company shall not be responsible for any employment decisions, for whatever reason made, made by any entity posting jobs on the Web Site.

THE COMPANY DOES NOT WARRANT THAT THE WEB SITE WILL OPERATE ERROR-FREE OR THAT THE WEB SITE AND ITS SERVER ARE FREE OF COMPUTER VIRUSES OR OTHER HARMFUL MECHANISMS. IF YOUR USE OF THE WEB SITE OR THE MATERIAL RESULTS IN THE NEED FOR SERVICING OR REPLACING EQUIPMENT OR DATA, THE COMPANY IS NOT RESPONSIBLE FOR THOSE COSTS.

THE WEB SITE AND MATERIAL ARE PROVIDED ON AN "AS IS" BASIS WITHOUT ANY WARRANTIES OF ANY KIND. THE COMPANY, TO THE FULLEST EXTENT PERMITTED BY LAW, DISCLAIMS ALL WARRANTIES, WHETHER EXPRESS OR IMPLIED, INCLUDING THE WARRANTY OF MERCHANTABILITY, FITNESS FOR PARTICULAR PURPOSE AND NON-INFRINGEMENT. THE COMPANY MAKES NO WARRANTIES ABOUT THE ACCURACY, RELIABILITY, COMPLETENESS, OR TIMELINESS OF THE MATERIAL, SERVICES, SOFTWARE, TEXT, GRAPHICS, AND LINKS.

Disclaimer of Consequential Damages.

IN NO EVENT SHALL THE COMPANY, ITS SUPPLIERS, OR ANY THIRD PARTIES MENTIONED ON THE WEB SITE BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, INCIDENTAL AND CONSEQUENTIAL DAMAGES, LOST PROFITS, OR DAMAGES RESULTING FROM LOST DATA OR BUSINESS INTERRUPTION) RESULTING FROM THE USE OR INABILITY TO USE THE WEB SITE AND THE MATERIAL, WHETHER BASED ON WARRANTY, CONTRACT, TORT, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT THE COMPANY IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

Links to Other Sites.

The Web Site may contain links to third party web sites. These links are provided solely as a convenience to you and not as an endorsement by the Company of the contents on such third-party Web sites. The Company is not responsible for the content of linked third-party sites and does not make any representations regarding the content or accuracy of materials on such third party Web sites. If you decide to access linked third party Web sites, you do so at your own risk.

No Resale or Unauthorized Commercial Use.

You agree not to resell or assign your rights or obligations under these Term of Use. You also agree not to make any unauthorized commercial use of the Web Site.

Limitation of Liability.

The aggregate liability for the Company to you for all claims arising from the use of the Materials is limited to $1.

Termination.

The Company reserves the right, at its sole discretion, to pursue all of its legal remedies, including but not limited to immediate termination of your registration with or ability to access the Web Site and/or any other service provided to you by the Company, upon any breach by you of these Terms and Conditions or if the Company is unable to verify or authenticate any information you submit to the Web Site registration with or ability to access the Web Site.

Indemnity.

You agree to defend, indemnify, and hold harmless the Company, its officers, directors, employees and agents, from and against any claims, actions or demands, including without limitation reasonable legal and accounting fees, alleging or resulting from your use of the Material or your breach of the terms of these Terms and Conditions. The Company shall provide notice to you promptly of any such claim, suit, or proceeding and shall assist you, at your expense, in defending any such claim, suit or proceeding.

General.

The Company makes no claims that the Materials may be lawfully viewed or downloaded outside of the United States. Access to the Materials may not be legal by certain persons or in certain countries. If you access the Web Site from outside of the United States, you do so at your own risk and are responsible for compliance with the laws of your jurisdiction. These Terms and conditions are governed by the internal substantive laws of the State of New York, without respect to its conflict of laws principles. Jurisdiction for any claims arising under this agreement shall lie exclusively with the state or federal courts within New York, New York. If any provision of these Terms and Conditions are found to be invalid by any court having competent jurisdiction, the invalidity of such provision shall not affect the validity of the remaining provisions of these Terms and Conditions, which shall remain in full force and effect. No waiver of any term of these Terms and Conditions shall be deemed a further or continuing waiver of such term or any other term. Except as expressly provided in additional terms of use for areas of the Web Site a particular "Legal Notice," or Software License or Material on particular Web pages, these Terms and Conditions constitute the entire agreement between you and the Company with respect to the use of Web Site. No changes to these Terms and Conditions shall be made except by a revised posting on this page.

PRIVACY POLICY

The Company recognizes that you are concerned about privacy. We are committed to preserving your privacy and safeguarding your sensitive information. The following statement describes the general information-gathering and usage practices of our sites.

Our staff, contractors, Internet service providers and others involved in this site follow this policy or similarly strict policies regarding your Information.

Disclosure

The Company is committed to fully disclosing our policies regarding the collection, use, maintenance, disclosure and security of personal information obtained from users of our site. The term "personal information" includes a name, address, email address, or any other information which could be used to contact you directly or to identify you personally.

Use and Disclosure Limitations

The Company only uses personal information about its Web site users for specific purposes. We do not share user information with third parties except when we have told users about the disclosures, when we have prior consent, or when required by law.

Use Policy: When the Company gathers personal information from users, we ask for permission first. We also disclose, at the time of collection, how the information will be used by us. Personal information is used for activities such as auto-completion of commonly-used forms and helping us contact you when you solicit information from us.

Disclosure Policy: We do not normally disclose personal information to anyone outside of the Company unless we have previously informed users about the disclosures. However, some data may be used from time to time by outside contractors, including auditors or consultants, to assist us in carrying out necessary financial or operational activities. These uses will be consistent with this privacy policy and all contractors using this potential personal information must agree to safeguard it, to use it only for the authorized purpose, and to return it or destroy it upon completion of the activity.

The Company might be required to disclose personal information in response to a valid legal process such as a subpoena, search warrant or court order.

Although unlikely, it is possible that we may have to make certain disclosures to ensure the security of our Web site, to protect its integrity, or to take precautions against potential liability. In any of these situations, we will take any reasonable steps to limit the scope of the data disclosed.

Web Logs: The Company maintains standard Web logs that record basic information about visitors to our Web site. These logs contain: * The Internet domain from which you came to our Web site. * Your IP address. An IP address is a series of numbers which uniquely identifies your connection to the Internet. Although it is possible in some instances, certain types of IP addresses may be used by interested persons to identify users but we do not attempt to identify users in this way. * The type of browser (e.g., Internet Explorer or Netscape) and operating system (e.g., Windows 98) you use. * The date and time you visited the site, and the pages you saw.

We use Web log information to design our Web site, identify popular features, and in similar ways. We do not try to identify individuals from Web logs or to link Web logs to other user information. However, if someone tries to damage our Web site or use it in an unauthorized or illegal way, we may share Web log information with law enforcement agencies. The Company may provide aggregate information such as the number of users who visit particular pages of the site, or the number of people who link to certain external sites from our site, to other parties.

Changes to Privacy Policy

The Company's features and services will change over time and our information-gathering practices and policies may also change.

While our philosophy of protecting user information from inappropriate uses and disclosures will not change, this policy will be updated occasionally to include any change that materially affects the collection, maintenance, use, or disclosure of personal information.

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