Category Archives: Uncategorized

$200,000 A Night NYC Nightlife

Models & Bottles

I recently ran into this article on BloomBerg where the reader gets a sneak peek into New York’s “high-end nightlife.” The reader is introduced to a world of Amex Black Card concierge businesses, the clubs and promoters who facilitate it, and the clients who spend their hard earned dollars getting the most exclusive treatment available, if only for the night.

“A tall, angular sell-side banker named Richard orders a Parade, a train of seven sparkler-waving waitresses serving Dom Perignon in a just-for-you ritual. For a charged few minutes, all eyes are on him and his jubilant friends.”

“Nothing special, he’s just a typical Black Card concierge client. Say we do a billion deal. Three percent of that is 30 million dollars. Bottom line, a night out at $100,000 is just not relevant,” says Richard.”

What are your thoughts on this? Are you in fact one of the people spending your money on these services? Or have you witnessed them first hand?

Here’s the article:

http://www.bloomberg.com/news/2014-04-17/a-fun-night-out-for-under-200-000.html

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Investment Banks Lowering Hours – Genuine Change or Media Smoke Screen?

Ease Hours

The workload placed on Junior Analysts at the major Investment Banks (BB’s) has seen alot of attention lately, with banks promising to ease down on the workload and encourage weekends off. I ran into an interesting article today on The New York Times’ “DealBook”, titled Banks Ease Hours for Junior Staff, but Workload Stays Same where current Junior Analysts add their opinions.

“A number of young bankers say that while they can now enjoy a leisurely brunch or a binge of television watching on Saturdays, their overall workload has not changed noticeably. It just gets pushed to a different day.”

“If you have 80 hours of work to do in a week, you’re going to have 80 hours of work to do in a week, regardless of whether you’re working Saturdays or not,” said a junior banker at Deutsche Bank, who, like the others interviewed for this article, spoke on the condition of anonymity because he risked his job by talking to a reporter. “That work is going to be pushed to Sundays or Friday nights.”

What are you’re thoughts on this? Will the hours for Junior Analysts really change anytime soon?

Find the article here!

A Foreigner’s Perspective on Getting Adjusted to Living in the US – Funny

Image

I think that anyone from any part of the world can find a place here. You will never feel that as a foreigner that you won’t have access to the same opportunities that Americans do. (Visa issues are a nuisance sometimes, but if you play your cards right, that can be easily sorted). This is truly a country where hard work and smarts pay off. As they usually say here: God bless this great country.

A few pointers:

1. Get used to Fahrenheit, pounds, miles etc. (They don’t make any logical sense and are not based on decimal conversions)

2. Tipping: You are expected to tip here. Tip 15-20% depending on the service you receive. Must at restaurants. You should also tip cabbies, hairdressers…but not as much as you would in restaurants.

3. Depending on where you are in the country, don’t be surprised if random people smile at you or ask you how your day is going. Just smile. Americans are very friendly. None of this will happen if you come to NYC though. From the countries I have visited in Asia/Europe, Americans are the friendliest. This is not Europe – in general, people are warm and nice. Don’t be surprised if people strike up a conversation in public transportation and restaurants.

4. If Americans ask you “How are you?” or “How is your day going?” at the office, no one actually expects you to reply. It’s just a way of greeting people here.

5. Food: everything is so artificial and bad unless you go to a higher end market. Even Coke is made with high fructose corn syrup, not real sugar unlike the rest of the world. The chicken that you get in supermarkets is laden with chemicals, you can literally taste the chemicals. American chocolate (i.e Hersheys) to put it very kindly, is bad. Too much sugar in everything – and that is most probably HFCS.

6. No matter what you have heard about America in popular culture, Americans are very well mannered compared with the rest of the world. Don’t cut lines in this country, seriously! American drivers are also very well mannered and people follow the lanes etc. (Again you might find exceptions in places like NYC, but I feel like NYC isn’t a very good representation of this country) People will hold doors for you, and you are expected to do so as well.

7. Americans like their personal space. When you talk to people, maintain some distance. Same goes with personal issues. Don’t ask people about their personal issues and don’t tell people about your personal issues.

8. The food portions are HUGE here. You might find this shocking – I did too – but Americans take their leftovers home when they eat out in a restaurant. (Yuck!!!). A lot of people are fat and obese.

The full post can be found on the link below, and was originally created by Krypton on the WallStreetOasis forums:

http://www.wallstreetoasis.com/blog/a-foreigners-perspective-on-getting-adjusted-to-living-in-the-us

Finance Resume Template for College Students

Resume

By the good graces of the people behind WallStreetOasis.com confused college students out there has been offered this great finance resume template!

For those of you looking to make sure your CV format is clean and make sure that your finance resume is polished, this is a great sample resume you can now use.). We all know how competitive internship applications and summer analyst positions are nowadays, so I’m hoping this gives you an even bigger edge in recruiting.

The template can be found here:

WSO_Undergrad_Resume_Templatev6-11pt font (2)