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The Street: Scott Rostan “How to Land a Six-Figure Job on Wall Street: Tips From an Insider”

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Training The Street Hires Bob Wieczorek As Head Of Asset Management And Capital Markets Practice

Training The Street (TTS), a leading corporate training provider for Wall Street firms and top business schools, today announced its appointment of Bob Wieczorek as head of its asset management and capital markets practice. Utilizing his experience in capital markets, asset management, banking and financial training, Mr. Wieczorek will be tasked with expanding TTS’s training of professionals working on sales and trading desks and in investment management. He will be responsible for designing, developing and delivering TTS’s financial training products to clients in both the asset management and capital markets sectors, as well as hiring additional faculty. Mr. Wieczorek will also provide classroom instruction. “Adding Bob to our staff was a strategic move for TTS as we expand globally into more verticals within the financial industry. Bob’s experience will enhance TTS’s business development and support our training programs geared towards […]


Bloomberg Businessweek: Wall Street Doesn’t Want You Unless You’re a Robot

By Akane Otani Want to work on Wall Street? Suit up, turn your spell check on, and leave your risk-taking, self-starter attitude home. When finance industry professionals that interview new MBAs were asked to identify skills they deemed most important in applicants, 75 percent picked communication skills, according to a Bloomberg Businessweek survey of 1,320 recruiters conducted as part of our 2014 MBA rankings (including 212 from financial services, banking, and accounting companies). Recruiters also prized analytical thinking (which 60.8 percent said was highly important), motivation and drive (52.4 percent), and the ability to work collaboratively (also 52.4 percent). Those surveyed could name up to five skills, so the numbers don’t add up to 100 percent. A track record of cross-cultural fluency or an ability to create initiatives from scratch, however, were the skills least valued by finance recruiters. While these attributes are low priorities for the entire group of MBA recruiters surveyed, finance people rate them even […]

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Training The Street Names Marc Aqui Principal

Training The Street (TTS), a leading corporate training provider for Wall Street firms and top business schools, today announced its appointment of Marc Aqui as Principal and Head of Instructor Development. Mr. Aqui will now be an integral member of the TTS leadership team and responsible for managing TTS’s key client relationships. Mr. Aqui has been with TTS since 2008. In addition to his classroom instruction, Mr. Aqui spearheads internal instructor development at TTS and collaborates with instructors to refine and implement teaching strategies and course goals. In his new role, Mr. Aqui will also coordinate the development of client relationships at TTS to enhance client training courses. “Marc has been an asset to Training The Street since he first stepped into our classroom. His unique ability to lead engaging lectures coupled with his financial background and mastery of equity […]


Bloomberg: $100 Billion Deal Day Evokes 1998’s Exxon-Mobil: Real M&A By Brooke Sutherland and Tara Lachapelle The last time two mergers this huge were announced on the same day, Exxon was targeting Mobil and Bill Clinton was still in the White House. Halliburton Co. (HAL) and Actavis Plc this morning announced a combined $100 billion in takeovers. It’s rare to see two deals of $20 billion or more hit the tape at once — so rare, it hasn’t happened in 16 years, according to data compiled by Bloomberg. That’s when energy giant Exxon Corp. agreed to buy Mobil Corp. and two European drugmakers struck the merger that created Aventis SA. The two takeovers added to what has already been the busiest year for deal making since the record in 2007. “There’s a little bit of coincidence involved in this, but the broader stroke that I would paint is confidence is getting stronger,” […]


TheStreet: Canadian Pacific, eBay, Family Dollar Among Opportunities Created by Selloff By Antoine Gara NEW YORK (TheStreet) — The recent tumble in equity, commodity and currency markets has created opportunities to buy stocks in companies that got caught up in the broad selloff. Firms facing multiple takeover offers have lost their deal premiums, share price gains from the emergence of activist investors have been washed out, and it appears markets have all but forgotten about industries ripe for consolidation. For instance, an investor can now buy Family Dollar (FDO) stock as if Dollar General (DG) never emerged with a competing all-cash offer for the discount retailer. The offer now stands at $80 a share. In mid-morning trading, shares of Family Dollar were down 0.5% at $76.13. Only a month ago, investors were pricing in the potential for a bidding war for Family Dollar between Dollar Tree (DLTR) and Dollar General. Now, as oil plunges to four-year lows, bonds tumble to […]


The Wall Street Journal: Wall Street Woos Young Workers as Business Picks Up By Lindsay Gellman, Sara Jerving and Daniel Huang Wall Street firms are hiring more junior bankers and giving more interns full-time jobs this year. Bank of America Corp. hired about 40% more full-time analysts and associates this year than last, according to a person familiar with the bank’s hiring practices. J.P. Morgan Chase & Co. aims to hire 10% more junior bankers than last year, according to a person familiar with the hiring process. The New York bank already has identified or hired about 80% of these junior employees, who will start next summer, the person said. Goldman Sachs Group Inc.’s intern class swelled to more than 2,500 world-wide this summer from roughly 2,300 last summer, according to a person familiar with the company’s recruiting. At Barclays PLC, the number of interns rose about 20% this summer from a […]


The Wall Street Journal: Scott Rostan “Project Funway: Code Names Spice Up the Art of the Deal”

By Gillian Tan and Liz Hoffman  Bankers Enjoy Coining Monikers to Keep Mergers Quiet; Software Threatens the Fun “Project Swift” sounds like the name of a military invasion or an Olympic marathoner’s training plan. But it is actually the code name for a corporate buyout, inspired by a private-equity associate’s fondness for singer Taylor Swift. Labels like Project Token, the name Apollo Global Management LLC used to mask its purchase of children’s restaurant favorite Chuck E. Cheese, or Project Fusion, the code for Kinder Morgan Inc. ‘s consolidation of its oil-and-gas holdings into a single company, are designed to keep reporters, traders and even rival companies from sniffing out deal news before formal announcements are made. For the young bankers who get to choose them, code names are an amusing diversion from the financial modeling and PowerPoint presentations that fill their days. But one […]

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New York Post: Scott Rostan “Goldman Sachs plans 20% pay hike for junior bankers” By Kevin Dugan First they get a day off. Next they get a raise. Goldman Sachs’ junior bankers — who are known to log grueling 100-hour work weeks — are looking at a pay hike of more than 20 percent next year, two people familiar with the bank’s plans told The Post. That would boost the base salary for some first-year analysts to about $85,000 — before they even collect their bonuses, one source said. Second- and third-year analysts would likely be making significantly more, depending on where they work within the bank and how much that division makes, the source said. There are no plans to change how much they could make in bonuses, according to the person. Leslie Shribman, a Goldman spokeswoman, declined to comment. The prospective raise, which hasn’t been announced by the bank, comes after […]


The Street: Scott Rostan “Where Top MBA Graduates Want to Work and Salary Expectations”

A new survey of MBA students and graduates found that their top employment choice is not bulge bracket banks but consulting firms. Training The Street (TTS) conducted its fifth annual survey of MBA students. The firm says consulting firms recruit more aggressively than the large banks. The survey also found MBA students are very optimistic about their job prospects. In terms of salary, most were receiving job offers with starting salaries between $100,000 and $125,000. 26% of the respondents reported offers of more than $125,000. TheStreet’s Susannah Lee speaks with Scott Rostan, President of Training The Street, to find out more.

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