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M&A Jobs – A 360-Degree Approach to Prospecting Boutique Banks

M&A Jobs – A 360-Degree Approach to Prospecting Boutique Banks

Lazard and Evercore Partners are part of a slew of boutique banks reporting healthy upticks in revenue. Deals are flowing, earnings are up and everyone is in a jovial mood. This is a good time to introduce yourself to the boutique banks you want to work for. But heed my advice and do not become overly complacent. In a market where I am seeing applicants from bulge bracket families knocking for months on investment banking doors, consider employing a comprehensive 360-degree job strategy.

360-degree thinking is an increasingly popular method of improving effectiveness from the manufacturing floor to workplace culture. It recognizes the importance of decision making that involves and impacts all levels of an organization. In 360-degree job hunting, we focus on impacting all levels of your position sphere – the job position you are targeting and opportunities above, below and parallel to it. Let’s say your target job is a junior investment banker. It looks easy. Send in the resume. Trouble is, several intermediate bankers from Goldman Sachs, Lehman Brothers and Bear Stearns also have their resumes in.

Let’s do a 360. First, let’s spin around from side to side. What other opportunities are open in the firms you are applying to? Consider looking at analyst opportunities. Good experience as a technology analyst will help you make a lateral move as the M&A technology market, which is heating up, continues hiring. Boutique banks are gaining business by emphasizing specialized services such as financial advisory. This implies that they will need to bolster their pool of analysts. Asset management and restructuring are other core services increasingly in demand from boutique banks. What opportunities exist in corporate M&A? The bank may turn you down but you could land a job in the corporate finance department of its biggest client.

Next, consider jobs that will help you move up as the economy picks up and the demand for M&A staff grows. Is there a summer research assistant job open in the equity research department? Analysts were the first to be cut during the downturn but the big and boutique banks alike are all staffing up on analysts. The corporate finance department is a good place to be if you have M&A ambitions, and they always need accounting staff. Cut your teeth helping crunch numbers on equity and bond financings, acquisitions and divestitures. In the secondary market, consider slicing up tranches and selling securities. You will gain important knowledge of securities valuations and risk profiles of investors in the secondary market, which will be an asset when structuring and valuing corporate financings.

Aiming your job search higher may appear more challenging. The upper echelons can provide unsurpassed opportunities if you are realistic. Consider more junior positions working alongside more senior players. You can gain invaluable experience and contacts – and a little clout – working as an assistant to a managing director of mergers and acquisitions. Wall Street was built by modest bankers who worked their way up from the mailroom.

Conducting a 360-degree job search is an opportunity to become master of your universe. When you do land the junior M&A banking interview, you will have a repository of knowledge and contacts from informational interviews at all levels of the investment bank and its corporate clients.…

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Grow Beyond Boundaries!

Grow Beyond Boundaries!

In the wake of Globalization and free trade pacts, the definition of job is fast changing. Qualifications, knowledge in your field of interest is not enough to grab a job of your choice. Though you have excellent hold on your subject, to excel in your field, you have to update your knowledge on day to day basis to keep up with the ever changing trends globally. Many companies’ business activities are depending upon foreign countries, where working environment is entirely different. If you wish to excel as global executive, you have to develop certain skills to become successful.

The following tips will help you to become a global executive:

Get ready for change: The project which you are handling now may not be there from next month. Due to company’s growing demand, they may have some more projects signed up with different companies. You have to gear up yourself to meet this kind of challenges arise due to change in business goals. You have to train yourself to meet the knowledge needs of global level projects. Many companies train their employees to help them meet this kind of challenges.

Cross cultural behavior: You have to have awareness about cross cultural behavior as you may have to work at Client’s place to facilitate faster completion of projects. You have to understand about how to behave with your foreign colleagues and their habits. You have to learn how to greet people and what kind of choicest words to use to get the things done based on the local behavioral patterns. You have to understand the culture, habits, language, social behavior and dress sense before leaving for the country where you have to work. You have to get yourself acquainted with the local weather conditions and you have to improve your dress sense accordingly.

Cross cultural communication: This skill plays vital role in making you successful in foreign countries. You have to understand the importance of globally accepted communication styles, if you work in BPO or in sales department. You have to talk to various foreign customers due to your demands of the job. You have to improve your language skills inevitably and also master the local language to interact with the clients effectively. You have to learn to write e-mails with result oriented writing skills, which attracts the attention of the prospective clients. Though you have sufficient knowledge in foreign trade banking, if you do not have good presentation skills along with English language skills, you may not be able to grab the opportunities available in that field.

Networking and friendship: You have to develop your social skills to network with people and develop friendship to succeed in your field. You have to mingle with people when you are working with foreign people, it is very important to mingle with them to enhance team spirit. You have to develop your awareness with regard to local social, cultural traditions, to understand people and their working styles.

Outside of work: You can expect anything from others but not character. You have to guard yourself against the racial discrimination when you are moving in the foreign Society. You have to talk to people politely and respect their privacy and rights. You should not be argumentative and always maintain cool demeanor. You have to find out safe travel modes and should have your own travel arrangements to move cautiously.…

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Be Careful When Using Online Banking

Be Careful When Using Online Banking

Online banking is an incredibly convenient way to manage your finances. Nearly every bank and credit card company allows for some type of online banking. This is simple. You have a specific log in that will lead you to all of your financial information. You can often pay bills and transfer money through online banking. Unfortunately,  bank online is done through computer and the Internet, which have a habit of being insecure. If you are not careful when using online banking, you could be giving away your personal banking information to others. There are a few things that you can do to ensure that you are careful when utilizing online services.

Secure Log In Check

Before you sign in and use an banking online program, you should check the bottom of the web browser. In the bottom left hand corner will be a small yellow lock. This lock means that you are giving your information over a secure connection. Without this lock, you could be giving your information to a third party without knowing it. The lock means that the website and data entry information are encrypted. This makes it much harder for anyone who is attempting to steal your log in information. If you are trying to use online service but find that it is not over a secure connection, do not use it. It may be convenient, but it can and will cost you in the long run.

Password Protection

You need to make sure that your password is secure. If you are not careful, your password could be easy to crack. Anyone who wanted to get a hold of your financial account and financial information could do so. Be sure to create a password that is random and hard to ‘guess’. Also make sure that the bank online company has a secure way to send you a lost password. Without it, it could be easy for anyone to request your password.

Logging Out

When you are finished with your online banking session, you need to be sure that you log out. If you do not physically click the log out button, you may stay signed in. Anyone who uses the computer that you used to check your bank account could then get into your bank on-line account. It could also give more time to those people who want to crack into your bank account.

Checking for the lock that indicates a secure log in is crucial to being careful when using online banking. It helps you to ensure that you are giving your password and information over a secure connection. Password protection, and having a secure password, will allow you to make it difficult for others to log into your account. By logging out, you can be sure that you have stopped the connection, preventing anyone (both online or in person) from finding and using your account. You need to be responsible when using online banking to ensure that your finances are safe.…