
Top News
Being young on Wall Street once meant having it all: style, smarts and too much money to spend wisely. Now, twenty-somethings in the finance industry are losing both cash and cachet. Three years after the global financial crisis nearly brought Wall Street firms to the brink, the nation’s largest banks are again struggling. As profits wane, layoffs have claimed thousands of jobs and those still employed have watched their compensation shrink. (New York Times)
Visit http://dealbook.nytimes.com/2011/11/21/wall-st-layoffs-take-heavy-toll-on-younger-workers to view the full article online.
Diversity in the Workplace
International
A title in this bestselling genre on avoiding toil, "Bonjour Paresse" ("Hello Laziness") by Corinne Maier, an economist, explained how she got away with doing nothing at EDF, another utility. In fact studies suggest that the problem with French employees is less that they are work-shy, than that they are poorly managed. (The Economist)
Visit http://www.economist.com/node/21538733 to view the full article online.
Education
The MBA has traditionally been known as a general management degree, but that’s starting to change as students look to get an edge in a more competitive job market. Increasingly, students are pushing aside the bread-and-butter MBA degree in favor of one with a unique specialization, like aviation or football. Some of the more recent programs to hit the management education world include a new Wine MBA introduced by Sonoma State University in California and an MBA degree with an energy focus offered by the University of Oklahoma’s Price College of Business. (Bloomberg/Businessweek)
Visit http://images.businessweek.com/slideshows/20111118/mba-programs-find-their-niche/ to view the full article online.
The growing lure of life as an entrepreneur means MBA courses are shifting to include modules on creating a start-up. The Tomorrow's MBA study, an annual report commissioned by the Association of Business Schools, which represents the UK's business schools and management colleges, reported on the trend for the first time this summer. (The Guardian)
Visit http://www.guardian.co.uk/education/2011/nov/14/mba-entrepreneurs-start-up-skills to view the full article online.
NBMBAA
Sponsored by Xerox Canada Ltd., two (2) scholarships of $5,000.00 each are offered to students enrolled in a course of study leading to a master’s degree in Business Administration. In addition, scholarship recipients will be offered and must complete an one 4-month internship employment during their period of study.
Visit http://gradblog.schulich.yorku.ca/2011/11/16/xerox-canada-ltd-scholarships-nbmbaa/ to view the full article online.
Entrepreneurship
Erica Zidel knew trying to raise funds for her startup would be a full-time job. She worried that chasing after capital would distract her from building the best product she could. So, rather than sweat the investment game, she has spent two years holding down a day job while bootstrapping her new company on the side. (Entrepreneur)
Visit http://www.entrepreneur.com/article/220733 to view the full article online.
The Economy
Normally the big day is "Black Friday", so named because the day after the holiday is when retailers supposedly move into the black and become profitable. Some stores, it seems, cannot wait that long and are going nocturnal. They are rolling out their special offers at midnight on the Thursday or earlier in the evening. (The Economist)
Visit http://www.economist.com/node/21538756 to view the full article online.
Personal Finance
The Occupy Wall Street movement has directed much of its anger at giant banks, which are no strangers to customer complaints. Some of those who have been burned by high fees in recent years are now satisfying their banking needs with a giant retailer instead, as Wal-Mart surges into the financial sector with a pre-paid, reloadable debit card called the MoneyCard. (NPR)
Visit http://www.npr.org/2011/11/22/142599130/wal-mart-lures-bank-customers-frustrated-by-fees to view the full article online.
Corporate America
Human beings can experience 34,000 different emotional states. But our research shows that in an average working week, most CEOs experience just one dozen emotions across work and home life. Those twelve emotions are mostly negative: Being overwhelmed, frustrated, angry, disappointed, and fearful. (CNN International)
Visit http://edition.cnn.com/2011/11/22/opinion/ceos-rekindle-dreams/index.html to view the full article online.
Government
President Barack Obama will challenge the U.S. Congress to preserve an expiring payroll tax cut on Tuesday as he travels to New Hampshire to seize the initiative in the wake of a collapsed effort to reduce the nation's budget deficit. (CNBC)
Visit http://www.cnbc.com/id/45398675 to view the full article online.
Leadership
We all know the saying "If you want something done, give it to a busy person." It’s sound advice – but it’s also a dangerous habit unless you step back occasionally to see what impact it might be having on the busy person’s experience at work. For most managers, having a "go to" person is a great asset, but make sure you don’t overdo it by going to the same person again and again. (Fast Company)
Visit http://www.fastcompany.com/1796334/helping-your-employees-find-their-flow to view the full article online.
Any job seeker knows from experience how much first impressions matter. In fact, they probably matter too much. A single interview, after all, rarely uncovers enough information to determine whether someone would be a good employee. To compensate for this shortcoming, many entrepreneurs follow the adage to hire slowly, fire fast. But hiring too slowly can be just as counterproductive. (Inc.)
Visit http://www.inc.com/magazine/201111/are-you-overthinking-your-hires.html to view the full article online.
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