Salary and Benefits
by Vault Careers | Published: Friday, May 04, 2012
Thinking of planning a vacation? In the words of Arnold Schwarzenegger, do it. Do it now.
According to a December survey, the average employee left two unused vacation days in 2011, which, according to CNNMoney (who used the average salary of the workers, $39,000, to calculate) adds up to $34.4 billion in time.
Want to guess where those profits go? Yup, directly to employers. Which may explain how many companies have reached ever-increasing productivity numbers in the past few years despite hiring[...] Read More >>
by Derek Loosvelt | Published: Wednesday, May 02, 2012
Although not every investment banking analyst who works in corporate finance or M&A for a bulge-bracket bank (Goldman Sachs, J.P. Morgan, Morgan Stanley, etc.) puts in 80 hours a week constantly throughout the year, many of them do just that.
In fact, according to Vault's latest Banking Survey, which we've been admistering since March and will be using to determine our forthcoming 2013 Vault Banking 50, 35 percent of corporate finance bankers say they work more than 80 hours per week, while 60[...] Read More >>
by Derek Loosvelt | Published: Monday, April 16, 2012
Vault has been releasing rankings of the top accounting firms in North America for nearly a decade. When Vault initially began ranking accounting firms, we only ranked firms in terms of prestige—that is, in terms of a firm’s reputation as perceived by professionals at other accounting firms. Later, we increased our ranking offerings to include “quality of life” categories such as firm culture, compensation, diversity, training, hours, and job satisfaction. In these categories, firms were rated by[...] Read More >>
by Derek Loosvelt | Published: Wednesday, April 04, 2012
To most people, the term “Wall Street” conjures images of cleanly shaven white men wearing short haircuts and blue or gray pinstripe suits, scurrying in and out of cabs and skyscrapers—in New York City. However, while it's true that the banks that figuratively make up what’s commonly referred to as Wall Street are largely filled with Caucasian males without facial hair and with the finest in worsted wool, these firms do, in fact, have operations outside of Manhattan in places like (or, at least,[...] Read More >>
by Derek Loosvelt | Published: Wednesday, March 28, 2012
We're two weeks away from releasing our annual Vault Accounting 50, a ranking of the best accounting firms to work for in North America. And, this year, as in the past two, the Vault 50 doesn't only rank firms in the area of prestige, but also in other important "quality of life" categories. This year, allong with prestige, the Vault 50 takes into account compensation, firm culture, overall job satisfaction, business outlook, and, that often vague but very important category, work/life balance. And[...] Read More >>
by Derek Loosvelt | Published: Wednesday, March 21, 2012
This year, a record number of accountants filled out our annual Accounting Survey, the results of which are used to create the Vault Accounting 50, a ranking of the best accounting firms to work for in North America. Below is a short quiz (with answers at bottom) that highlights some of the survey's demographic and general findings (note: complete and firm-specific results will be available in just over three weeks). Good luck.
1. Approximately what percentage of respondents previously held internships[...] Read More >>
by Vault Careers | Published: Friday, March 16, 2012
Here's some depressing news: Bloomberg recently compiled 2010 census data to discover that the only women who out-earned men last year (per dollar) were shining shoes, house sitting, and parking cars. Oh, and ceremoniously handing rich people letters on entrée platters: female butlers made $1.02 for every $1 men earned. But as for everybody else, here's a quick breakdown:
Lawyers
Female lawyers earned pretty well over all, making a median salary of almost $98k in 2010—but compare that to $126K for[...] Read More >>
by Vault Careers | Published: Thursday, March 15, 2012
Consider the ball officially rolling: another intern is suing. Lucy Bickerton, a former intern at the Charlie Rose show, worked 25 hours per week, without pay. Her law firm, Outten & Golden (the same one that's representing Xuedan Wang's suit with Hearst), is hoping to turn the suit into a class action for all the show's unpaid interns as far back as March 2006.
As the lawsuit notes, "an unpaid internship is only lawful in the context of an educational training program, when the interns do not[...] Read More >>
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by Derek Loosvelt | Published: Wednesday, February 22, 2012
Tonight, in the 667th GOP debate in the past five months, the remaining Republican presidential candidates (Newt Gingrich, Rick Santorum, Ron Paul, and Mitt Romney) will be on hand in Mesa, Arizona, to give us yet another glimpse into the inner workings of the greatest political minds in America. And, earlier today, in anticipation of what's sure to be an extremely heated contest, Mitt Romney unveiled his latest plans concerning the personal tax rate.
According to Mitt, if elected, he'll make an[...] Read More >>
by Vault Careers | Published: Thursday, February 09, 2012
It goes without saying that unpaid internships offer no salaries or benefits.
But did you know that unpaid interns have no basic protections under labor laws?
This is something a lot of kids learn the hard way. I certainly did. I once worked a completely unpaid internship for three months, mainly for one special reward: a reference (upon successful completion of the internship) from the owner of the company, an influential film producer.
Things were going great, until Intern Appreciation Night (oh,[...] Read More >>
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