After a few years working as a financial analyst, it’s time to think about your next career step. Companies are always looking for experienced analysts, but what will it take to advance to a more senior-level position within the field? A Bachelor’s degree in a finance discipline is necessary for most entry-level roles. If you’re looking to […]
Wall Street
February Jobs Report Blows Past Expectations
The Bureau of Labor Statistics released the February jobs report on Friday, which blew past estimated projections. Instead of the median forecast of 200,000 by Bloomberg’s survey, the U.S. economy added 235,000 jobs to payrolls for the month. The February jobs report continued the streak of adding more jobs than economists expected. Construction, private educational services, manufacturing, healthcare and mining drove […]
January Jobs Report Sets Precedent for 2017
It’s been a big month for the U.S. economy. History was made when the Dow hit 20,000 on January 25th, a mere five days after a new president was installed into the oval office. The streak continues with the first jobs report of 2017, overshooting projections by a massive 47,000 jobs. Median projections called for 180,000 jobs to […]
Rates traders are in for a big bonus season
Bonuses on Wall Street this year have left a lot to be desired. Pools have been shrinking since the financial crisis and 2017 has no plans to reverse the trend. One division is in for a pay bump though – rates traders. Traders had a phenomenal 2016 with a revenue of $1 billion for the first nine […]
Three steps to prepare your firm for bonus season turnover
The outlook for the 2016 bonus season on Wall Street is not looking promising. A new report by Johnson Associates, a compensation consultant firm, predicts another year of disappointing bonuses for the financial services industry. “Incentive pay” as they call it, has been declining since 2014 and will hit everyone from investment bankers to hedge funders. This […]