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☆ Early recruitment for investment-banking internships left students scrambling this year. Here are 15 ways to get ahead of the ultra-competitive process.
▼ + stars: | 2024-02-22 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +22 min

But never had one come this early — one year and eight months ahead of said internship’s start date. While it has always been competitive, the investment banking summer internship process has gotten increasingly premature. As a result, wannabe financiers may want to start getting ready for the process as early as their freshman year. The Internship movieNetwork with upperclassmen firstNetworking is one of the most important aspects of getting a competitive investment banking internship. “A lot of kids don't realize they don't want to do it until they’ve done it for 10 weeks after the internship,” Sibley said.

Persons: Steve Sibley, ” Sibley, Goldman Sachs, Sibley, ”, —, they’re, it’s, you’ll, “, ’ inboxes, You’ll, ‘, ’, Goldman, Don’t, Carlo Allegri, don’t, there's, might’ve, “ I’m, Sturti, you’re, It’s, you'll, would've Organizations: Indiana University’s Kelley School of Business, Business, “, Finance, Bank of America, Citi, BI, Investment, Excel, IB, LinkedIn, Goldman, Getty, Lazard, Reuters, I’m Locations: “, New York City, Manhattan, Chicago, Charlotte, Atlanta, Houston, New York

☆ With mortgage rates remaining high, renting is less expensive than buying
▼ + stars: | 2024-02-21 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

watch nowThe costs of owning a home can be more stable compared to rent prices. Yet, the upfront cost of a down payment is high for most Americans, Wachter said. Mortgage rates also remain high for potential homebuyers, spiking back to 7.06% from 6.87%. The interest rate affects the monthly cost of a home, which can make or break affordability for a homebuyer. Rent prices are also expensive

Persons: Wachter Organizations: Getty Locations: U.S

☆ Policy changes look to reduce 401(k) plan 'leakage'
▼ + stars: | 2024-02-10 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

About 40% of workers who leave a job cash out their 401(k) plans each year, according to the Employee Benefit Research Institute. The 401(k) ecosystem would have almost $2 trillion more over a 40-year period if workers didn't cash out their accounts, EBRI estimated. 85% of workers who cash out drain their 401(k)It's not all workers' faultIt's not all workers' fault, though. By law, employers can cash out the small account balances of former employees who leave their 401(k) accounts behind. It's not just workers who benefit: Administrators keep more money in the 401(k) ecosystem, likely padding their profits.

Persons: Craig Copeland, —, whittle, Spencer Williams, Vanguard Group —, wouldn't, Williams, who's, It's Organizations: Getty, Research, Fidelity Investments, Vanguard Group

☆ Dumb jokes, lateness, and saying 'literally': 11 habits most likely to give hiring managers the ick
▼ + stars: | 2024-02-09 | by ( Aaron Mok | ) www.businessinsider.com time to read: +8 min

AzmanL/Getty ImagesHuman resources leaders urge job applicants to prepare questions to ask during the interview or risk being perceived poorly. Getting the recruiter's name wrong —24.4%Going into the interview without knowing who's interviewing you can rub recruiters the wrong way. Not dressing appropriately — 28.2%Wearing a questionable outfit to your job interview could make a bad impression on the recruiter. Getting the name of the company wrong — 28.4%You may be interviewing for multiple jobs at a time. Obradovic/Getty ImagesThe biggest pet peeve for hiring managers, Ringover's survey shows, is when a job candidate is late to the interview.

Persons: —, Amy Hoover, TalentZoo, Teri Hockett, sturti, CareerBuilder, fizkes, Obradovic, Tardiness Organizations: Service, What's, Getty, LinkedIn, Zapier

☆ A 401(k) rollover is 'the single largest transaction' many investors make, expert says. What to know before doing it
▼ + stars: | 2023-12-05 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

That's largely because IRA investors are "retail" investors while 401(k) savers often get access to more favorable "institutional" pricing. "Are you able to pay less by staying in your 401(k) plan?" The bottom line: Compare annual 401(k) fees — like investment "expense ratios" and administrative costs — to those of an IRA. And your current employer may not accept rollovers into your 401(k) from a previous employer's plan. Many 401(k) plans may not allow retirees as much flexibility.

Persons: Ellen Lander, Lander, Carolyn McClanahan, Ted Jenkin, Jenkin, you'd Organizations: Investment, IRA, Renaissance, Planning Partners, CNBC's FA, of America, Company, Workers Locations: IRAs, Jacksonville , Florida, CNBC's, Atlanta

☆ Is the Great Resignation over? Why bosses are leaving at record rates
▼ + stars: | 2023-11-15 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +6 min

sturti | Getty ImagesThe Great Resignation may be over for most workers — but for some top honchos, it's only just begun. CEOs are looking around and thinking: 'I prefer a position in another company,' or 'I prefer retirement. "CEOs are looking around and thinking: 'I prefer a position in another company,' or 'I prefer retirement. While businesses rally to ensure the mental well-being of their workforce, CEOs might find themselves isolated in their struggles. While businesses rally to ensure the mental well-being of their workforce, CEOs might find themselves isolated in their struggles."

Persons: Gray, Alexander Kirss, Covid, switchers, Kirss, Carlina, —, LaShawn Davis, Challenger, Andrew Challenger, Davis, there's Organizations: Challenger, Christmas, Gartner, CNBC, Employees, Hospitals Locations: Ukraine

☆ Some companies lower salaries in job postings as pay transparency laws take effect, new report finds
▼ + stars: | 2023-10-30 | by ( Stephanie Dhue | Stephanie-Dhue | ) www.cnbc.com time to read: +2 min

watch nowState and local pay transparency laws enacted over the last few years have more employers disclosing salary ranges in job descriptions. The growth of advertised wages for new hires is slowing, according to a report from job posting service ZipRecruiter — and in some cases, it's reversing, with companies now posting lower pay ranges. Some jobs go unfilled as employers lower pay rangesSome employers don't follow pay transparency rulesSturti | E+ | Getty ImagesAbout 30% to 40% of employers are not complying with new state pay transparency laws, according to Revelio Labs, a workforce analytics firm. In Washington state, job applicants and current employees can file a complaint or bring a civil lawsuit if a company doesn't comply with the law. Other companies post pay even when not requiredBut there has also been a spillover effect with companies that have complied with pay transparency laws.

Persons: Timothy W, Emery, Emery Reddy, it's, Lisa Simon, Katie Cox Branham, Branham Organizations: Revelio Labs, Department of Labor & Industries, Companies Locations: Washington, Seattle, Atlanta, U.S, SalesLoft

☆ As investors worry about a recession, take 3 steps to boost your financial security, advisor says
▼ + stars: | 2023-05-19 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

A recent survey from Nationwide finds more than two-thirds of respondents — 68% — expect a recession within the next six months. Meanwhile, 62% of respondents believe the recession will be as severe or worse than the Great Recession of 2007 to 2009. "One of the things I share with others is control what you can control," Elliott said. While what happens with the economy or your employer may be out of your control, there are steps you can take to help boost your personal financial security. For many, we're using it as a buying opportunity to buy certain securities that are priced fairly low right now.

☆ 41% of adults are preparing for a recession. It's time to stress-test your income, advisors say
▼ + stars: | 2023-03-17 | by ( Lorie Konish | ) www.cnbc.com time to read: +5 min

Yet many Americans — 41% — have taken steps to prepare for a possible economic downturn, according to a survey by Morning Consult. Still, there are a few steps advisors say you should take now to make sure you are prepared to weather a downturn. Barry Glassman president of Glassman Wealth Services"Stress-test your income against your ongoing obligations," Glassman said. The upside for conservative investors is they are now able to get higher interest rates on their cash. Reduce your debtsHigher interest rates mean consumer debts are climbing higher.

☆ Job interview tips to help you get hired: What to say, mistakes to avoid, how to answer key questions and more
▼ + stars: | 2023-02-02 | by ( Cindy Perman | ) www.cnbc.com time to read: +7 min

Career coach Natalie Fisher said there are four common reasons why you might get a job interview but not a job offer: 1. The Art of Tooting Your Own Horn Without Blowing It": Pump yourself up before you walk into a job interview. Interview tips from an HR pro who tracked her job search on TikTokAnd finally, a few job interview tips from Jordan Gibbs. Here are a few of her top job interview tips: Never count your chickens before they're hatched. Read more job interview tips from Gibbs and how she ultimately landed her job.

☆ More than 1 in 4 checking account holders are paying fees. Here's how to avoid them
▼ + stars: | 2023-01-17 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

sturtiEven with broad availability of free checking services, more than a quarter of checking account holders — 27% — are paying fees every month. The personal finance site conducted its online survey Dec. 7-12 and included 3,657 adults, of whom 3,069 have a checking account. Gen Z, who range in age from 18 to 26, comes in at the top of the list, with 46% of that generation's checking account holders paying monthly fees. Millennials, who are ages 27 to 42, come in next, with 42% of account holders paying monthly checking fees, Bankrate.com found. Older cohorts — Gen Xers, who are between 43 and 58, and baby boomers, ages 59 to 77 — are less likely to pay checking account fees.

☆ As state-run retirement programs become more popular, participants are expected to have $1 billion in savings this year
▼ + stars: | 2023-01-15 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +5 min

Within the last decade, 16 state legislatures have adopted retirement-savings programs targeting workers whose employers don't offer a 401(k) plan or similar option. Contributions to Roth accounts are not tax-deductible, as they are with 401(k) plans or similar workplace options. "We've seen a growth of new 401(k) plans in those states that have adopted auto-IRAs," said John Scott, director of Pew's retirement savings project. Limitations to the state programsThere are limitations to the state programs. For example, they do not provide a matching contribution as many 401(k) plans do.

☆ 56% of Americans think the U.S. is already in a recession. These 4 steps can help protect your finances in a downturn
▼ + stars: | 2022-09-23 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

There are steps you can take now to ward off any negative impact a downturn could have on your finances. "This can help weather the storm without having to tap into retirement assets or using high interest rate credit cards or loans," Wallace said. Paying down credit cards generally comes after establishing an emergency fund, due to the relief extra cash can bring in a downturn, Wallace said. The Federal Reserve's continued interest rate hikes will push the cost of unpaid balances even higher. Even asking your current credit card company for a lower interest rate may work.

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