Sunday, January 24, 2010

How much does an Average Investment Banker Earn

If you plan to become a part of investment banking workforce, the most common question to ask is the average earning of a worker in this field. Though there are a lot of negative things about the job such as no time for family and friends or being at the mercy of your client, this is a high paying job. Of course before becoming one, you would need to acquire good education, stellar grades and good internships. On the average, they earn 2% commission from their sales. Example if they convince a person to put in $2,000,000 of investment, they can get $40,000. Of course there are some that sell for billions. They often charge their expenses like food, travel, hotels and transportation to the client.
How does an investment banker earn

Extending Your Investment Banking Network

If you have graduated from a reputable university, going to investment banking will be easier for you. Getting a banking interview is not hard. However there are some that might have a hard time because the process is not simple. You need to be active so that there is no need for recruiters to schedule you. Build a network that you can rely on in the future. It is good to start to have friends and acquaintances that can schedule you for interview. Use your former classmates because there are few of them that might actually be in the financial industry.
Investment Banking Network

Monday, January 11, 2010

Has American Express Lost Their Mind?

The stock price of American Express is now about three times higher than it was a year ago. Now that they’re flush with cash again, does it mean they’re going to make the same mistakes that got them in trouble in the first place?

Has American Express Lost Their Mind

February 2009:
American Express was so anxious about the credit crunch, they actually started paying many of their cardholders up to $300 to pay off their balances and cancel their credit cards. They did this for the American Express Blue Cash, Blue Sky, and regular Blue cards.

January 2010:
After paying these cardmembers up to $300 to cancel their accounts, apparently they want them back! Right now they are actively marketing the American Express Blue Cash and American Express Blue Sky cards… the same ones they paid people to get rid of a year ago!

Is this a smart business move or does American Express just have an extremely short memory?