Ivy League vs State School

When there comes a time to pick a school to  continue your education I am more than sure that you start imagining yourself being a student of Harvard or Yale University. These are the schools that everybody knows. Everyone dreams to get into it and then for sure your life will turn into a dream and money will fall from the sky

This is the most common picture that a person might imagine when being asked about these schools. Is it really so? And what about those who are not "the ones" to enter an elite private club? Are they doomed for the rest of their life?

June 2013 Top Reading

Here are the top articles that I've read in June and found very interesting to share with you:

 "Where to put money as you whistle past Wall Street Ghost of Crisis Past haunts investors five years after credit crunch trigger" by  Polya Lesova

CFA vs MBA

When you think of breaking into Finance Industry you may think of to options: getting CFA or getting MBA. They are both well- respected and appreciated by employers. So which of them to choose?

MBA was designed to give managers a broad and more sophisticated knowledge about business. It covers different aspects of business and introduces students to different subjects like Finance, Accounting, Marketing, Informational Systems, Law etc. So if you finished your Bachelor's in Finance you could take MBA to see what else is there in business industry except finance and how it all works together. It gives you a very good idea of how different sectors of a huge business world collaborate with each other. Having MBA might be a requirement for those who seek for a promotion.

Why Finance Jobs Are Overpaid

Finance jobs are so attractive to those looking for wealth. Entry-Level positions start with paychecks that a middle-size manager in any other industry gets after years of experience. To say nothing of the bonuses which sometimes are equal to the paycheck itself.

A survey has revealed that 75% of financial industry employees think that their colleagues are overpaid. You can get used to the idea that someone gets more money than you do if he or she is extremely smart and works more and harder. But  what really surprises people is that it's pretty much the opposite. Those who get weighty paychecks are usually common people without any bright past or future,  with pretty passive attitude to work and doubtful presence of knowledge in their heads.

Rogue Traders

Financial Market is a dream place for all the speculators and gold diggers. Despite all the rules and regulations there are still savvy combinations and dozens of tricky operations that make one person rich at the expense of others. Just as a famous Russian book character Ostap Bender who knew "approximately 400 relatively honest ways of taking money away from people".

Today even if you hide something eventually it will come out. There are too many ways of tracking the financial operations and other activity that might reveal your true intentions. But still who are those Doctors Evil  who couldn't stop and wanted just get more and more.

I searched internet and can't say i found so many examples. Not because there are not so many of them but simply because banks

How to be a Career Superhero

Just 20-30 years ago people used to get Bachelor’s Degree only and they were already considered as extremely strong potential job candidates. They got some job in the company and then even when being promoted they stayed within this company and demonstrated their loyalty that in a couple of years  was awarded with some bonuses.

Today getting a bachelor’s degree is not any incredible  achievement as it could be 20 years ago and you wouldn’t  surprise your potential employer by just showing your diploma ( no matter how hard it was for you to earn it). And at the same time it becomes harder and harder to find employees (especially young professionals) who stay in one company for more than 4-5 years.

Obama's Immigration Reform

There you go! Finally good news and we can loosen our ties and take a deep breath. The American Dream seems to be coming true. Obama's Immigration Reform is going to make it easier for the Brains of the World who came to the United States to stay in the country and contribute to it's economic growth.  

The Number of H1B visas issued to foreigners is going to be increased from 65,000 till 115,000 and is going to grant the opportunity to stay and work in the country for skilled immigrants who just received a degree in the USA. The reform is going to make the whole application and approval process much easier and faster.