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☆ I'm a consultant in my mid-20s. Here's what a day in my life is like and how I use AI in my job.
▼ + stars: | 2024-06-21 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +7 min

Read previewClouds Joo, a young professional and content creator, is only in her mid-20s, and yet she already has experience working in many different industries. Clouds said the projects typically last between five and eight weeks, though sometimes longer, and that she is working for one client at a time. AdvertisementRegardless of the project, every day typically starts with a stand-up, a meeting in which everyone on the team can share what they accomplished the day prior and what they are working on that day. Despite concerns over how AI could disrupt consulting, Clouds said she and her colleagues have worked generative AI into their workflows and that it allows them to be more efficient. Advertisement"I think there is a lot of beauty in exploring different opportunities, different industries, different jobs, and having that flexibility in your life where your life isn't just your job."

Persons: —, she's, Gen Z Organizations: Service, Business, Microsoft Locations: London

☆ Ukraine's new drone boats are armed with heat-seeking missiles to scare off Russian aircraft, commander says
▼ + stars: | 2024-06-17 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Read previewUkraine has armed its naval drones with heat-seeking missiles, giving the systems a major upgrade that will allow them to target Russian aircraft patrolling around the Black Sea. "Such developments are effective — Russians are very afraid of them," the commander of "Group 13," a special HUR unit dedicated to operating the naval drones, said in a recent interview. AdvertisementA Ukrainian Magura V5 drone is seen on water during an exhibition of military equipment and weapons at an undisclosed location on April 13, 2024. Moscow, largely unable to stop Ukraine's unrelenting naval drone attacks, has turned to combat aircraft to patrol the waters and protect its warships. Kyiv has relied on its fleet of naval drones, as well as long-range missiles, to inflict these losses.

Persons: —, HUR, Archer, Lloyd Austin Organizations: Service, Ukrainian, Directorate of Intelligence, Business, REUTERS, NATO, Sukhoi, MiG, Black, Grad, US Locations: Ukraine, Soviet, Moscow, Ukrainian, Kyiv

☆ New college graduates are stepping into a tougher job market. It could set their earnings back for years.
▼ + stars: | 2024-06-15 | by ( Jacob Zinkula | Andy Kiersz | ) www.businessinsider.com time to read: +9 min

New college graduates are having a harder time finding work, and as a result, some of them could see their careers and earnings take a hit for years. Meaning that recent college graduates have been more likely to be unemployed than the broader population. This new normal has worked out OK for some Americans, but it's been particularly tough on new college graduates. While the tough job market could temporarily hurt some young graduates' earnings, there's reason to be optimistic that their finances could eventually recover. But if the job market continues to prove frustrating, some of them may begin to wonder.

Persons: Lohanny Santos couldn't, Zer, Santos isn't, overqualified, millennials, Gen Zers aren't, Julia Pollak, ZipRecruiter, it's, — aren't, they'd, —, grads —, Goldman Sachs, Elise Peng, Louis, who's Organizations: Service, Business, New York Fed, NY Fed, Meta, Rice University's, Bloomberg, LinkedIn, National Association of Colleges, Glass Institute, Strada Education Foundation, Federal, Louis Fed

☆ 25-year-old turned down Yale for a state school in 2017—now she makes $90,000 a year and has 'no regrets'
▼ + stars: | 2024-06-14 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

Carolina Williams went viral in 2017 for her unique Papa Johns-inspired essay that earned the teen admission into Yale University. The first member of her family to go to college, Williams didn't necessarily have her heart set on an Ivy League education. She loved both Yale and Auburn's campuses and could see herself as a member of either student body. But Auburn's analytics program, along with its much closer proximity to her home and family in Tennessee, won Williams over. Here's why she skipped the Ivy League and how it's worked out for her post-grad.

Persons: Carolina Williams, Papa Johns, Williams, I've, it's Organizations: Yale University, Ivy League, CNBC, Auburn University, Yale Locations: Alabama, Tennessee

☆ A Gen Xer got $110,000 in student loans forgiven after he'd paid off more than he borrowed. It's allowed him to scrap his plans to work part-time in retirement.
▼ + stars: | 2024-06-10 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

The Biden-Harris Administration has forgiven your federal student loan(s) listed below with Aidvantage in full." My wife's an assistant principal, and I'm a retired assistant principal, but now I don't worry about crushing debt," Perry said. Related storiesPerry was planning on going into substitute teaching to continue supplementing his income during retirement while he made his student-loan payments. Have your student loans been forgiven? Do you have a different experience with student debt?

Persons: —, Steven Perry, Perry, he's, Harris, I'm, let's, Kris Neilson, that's, Zers, we've Organizations: Service, Business, Public, Harris Administration, Education Department, BI, Gallup, Lumina Foundation Locations: PSLF, forbearance

☆ Point72's largest-ever intern class starts this week. Here's what Steve Cohen's hedge fund has in store for them.
▼ + stars: | 2024-06-10 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +6 min

Hedge funds and other buy-side firms have traditionally relied on investment banks as the primary source for culling entry-level talent. On Monday, June 10, 55 fresh-faced college students will start the first day of an eight-week summer training at Point72 — the firm's largest ever. Jim McIsaac/Getty ImagesThe summer aheadThis year, Point72 received a record of more than 30,000 applications, giving the Point72 Academy Investment Analyst Summer Internship an acceptance rate of under 1%. Related storiesSuccessful summer interns — who are college students between their junior and senior years — are invited to return to join the Point72 Academy after graduation. Last year, about 74% of the interns got a return offer to join the full-time Academy, and 97% accepted, Goodfriend said.

Persons: Jaimi Goodfriend, Point72, Goodfriend, Steve Cohen, Jim McIsaac, there's, —, they'll, I've, they've, It's Organizations: Service, Business, Big Tech, Point72, BI, Point72 Academy Investment, Point72 Academy, Academy, Mets, NY Locations: Point72, New York City, Stamford , Chicago, San Francisco, West Palm Beach , Miami, London, Hong Kong, Tokyo, Singapore

☆ Young job seekers are finding it tougher to find employment, despite a bustling labor market: 'It was brutal'
▼ + stars: | 2024-06-06 | by ( Jeff Cox | ) www.cnbc.com time to read: +9 min

Larock's experience comes at a time when, at least on the surface, the jobs market has continued to glide along. But worries are growing that the labor market is beginning to show cracks. Welcome to the good news-bad news labor market, where the collective experience is positive but not as much for individuals in particular groups. "But the bad news is that new entrants to the labor market are faring less well," Peng added. While Peng characterized the jobs market as "strong overall," she said there are "soft soft spots" that are particularly hitting "new entrants to the workforce."

Persons: Samantha McCloud, Victoria Garcia, Jessel Rincon, Irfan Khan, Julianna Larock, Larock, Jacqueline Novogratz, Michael Novogratz, Julianna LaRock, nonfarm, It's, Goldman Sachs, Elsie Peng, Peng, Molly Huang, it's, Huang, David Pakula, Cory Stahle, Joanie Bily, Bily, grads, Ethan Mariano, Mariano Organizations: Temple City High School, Los Angeles Times, Investment Partners, University of Delaware, Fordham, Bureau of Labor Statistics, Goldman, Penn State University, Vanguard, Gettysburg College, American University, State Department Locations: Temple City , CA, Wilmington , Delaware, New York City, New York, Horsham , Pennsylvania, U.S, Washington ,, Hazleton , Pennsylvania

☆ Facebook has a plan to win over Gen Z. Don't laugh.
▼ + stars: | 2024-06-04 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +4 min

In a 2023 Pew survey on teen internet use, only about one-third of US teens ages 13 to 17 said they used Facebook. Compare that with Pew's 2014 survey, when 71% of teens said they used Facebook. AdvertisementSecondly, Facebook is hoping to lure back young adults with offerings like Marketplace, Dating, Groups, and Events. And I don't think Facebook Dating is a huge hit. I know it seems improbable that Facebook could become cool for Gen Z, but don't count it out — they just might pull this off.

Persons: Meta, —, Elon Musk's, I'm, Instagram, Mark Zuckerberg Organizations: Service, Facebook, Pew, Facebook —, Meta, Craigslist, mojo, TikTok

☆ I only speak to my kids in Spanish. When they started talking, they were already bilingual.
▼ + stars: | 2024-06-04 | by ( Conz Preti | ) www.businessinsider.com time to read: +4 min

But there was one thing I was certain about: my kids would be bilingual in English and Spanish. My approach was to speak to my kids in Spanish and see what happened. When they started talking, people couldn't understand what they saidWhen all my kids started speaking their first words, only my husband and I could understand what they were saying because they would mix both languages in a sentence. AdvertisementAt first, I didn't think they were fully fluent in Spanish since they would also speak to me in English despite me asking questions in Spanish. But when my parents — who don't speak English — are visiting, my kids can talk to them in perfect, fully-formed sentences in Spanish.

Persons: It's, I've, it's, —, haven't Organizations: Service, Business Locations: Argentina

☆ Top MBAs are flocking to search funds. One Harvard grad explained why he founded a $600,000 fund to buy tech companies.
▼ + stars: | 2024-06-03 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

He landed on an option that's becoming increasingly popular with top MBAs and entrepreneurs: launching his own search fund. AdvertisementHere are three reasons why he decided on a search fund:Shift in the search fund businessSingh graduated from Harvard's MBA program in 2022. "Historically, tech people have stayed away from search funds because it's not exciting to them," he said. These could be projects that convert on-premise software companies to cloud companies or projects that change one-time software purchases to yearly subscriptions. Singh said he knew of about 20 MBAs from his Harvard cohort who started search funds, out of about 800 in his class.

Persons: —, Gaurav Singh, Singh, that's, he'd, wouldn't, Harvard Organizations: Service, Harvard Business School, Business, Stanford Graduate School of Business, Stanford, Investors Locations: Toronto, Stanford, Midwest

☆ Top MBAs are flocking to search funds. One Harvard grad explained why he founded a $530,000 fund to buy tech companies.
▼ + stars: | 2024-06-03 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

☆ A Gen Zer moved from South Florida to Texas after a job offer. Here are her pros and cons after moving to Dallas and uprooting her life.
▼ + stars: | 2024-06-02 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

Read previewArielle Francois, 24, would tell her past self it's fine to be nervous about making the move from South Florida to Dallas. Francois moved to Florida from Haiti because of the earthquake in 2010. Beyond scrolling through social media posts and apartment sites, there are also rent and costs to think about. Additionally, Francois said she feels it's more affordable to live in Dallas than South Florida for someone her age. "Because South Florida is so close to Haiti, you'll find a huge population of Haitians in South Florida," she said.

Persons: —, Francois, hadn't, Arielle Francois Francois, Dallas, hasn't, Dallas I'm, you'll Organizations: Service, Business, Dallas, PMG, Facebook Locations: South Florida, Dallas, Miami, Florida, Haiti, Texas, PMG, Smart, Caribbean, Little Haiti

☆ The college job market offers a warning sign to the US labor market
▼ + stars: | 2024-05-31 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

New York CNN —It’s almost laughable at this point when Bryn Savidge gets a job rejection email. But she is relieved to have at least secured a summer internship at an environmental science publication. But after applying to more than 100 jobs since fall, the Kenyon College grad is having second thoughts. Courtesy Bryn SavidgeOn paper, the job market looks like it’s hardly ever been better. But zooming in on the job market for recent college graduates paints the economy in a much less rosy light.

Persons: New York CNN — It’s, Bryn Savidge, “, ’ ”, Savidge, we’ve, ”, Savidge hasn’t, Bryn, Kory Kantenga, Kantenga, Angela Mangione, Mangione, Angela Mangione “, I’ve, Biden, Moises Brito, Chapman, he’s, Brito, he'll, doesn’t Organizations: New, New York CNN, Kenyon College, Kenyon College grad, of Labor Statistics, “, Colgate University, CNN, Deloitte, Society, Chapman University in Locations: New York, Columbus , Ohio, Buffalo , New York, Chapman University in Orange , California, Orange County , California

With that in mind, we've gathered the best deals for you to shop this weekend, below. The best Amazon deals include a rare PS5 deal, bringing the Digital Edition Slim down to only $399. Keep scrolling to find the best Amazon deals we've found, most of which will still arrive in time for Father's Day in case you're gift shopping. 10 Best Amazon deals available nowSony PS5 Slim (Digital Edition) $399.00 $449.00 Save 11% The PS5 Slim Digital Edition is for downloadable games only and costs $50 less than the standard PS5 with a disc drive. Shop at AmazonCheck out more of Amazon's best deals here.

Persons: we've Organizations: Business, Father's, Sony, Amazon Belkin, Apple, Apple Watch, Dolby Vision, Sport Wireless, Go, Sports Locations: Thermacell

Some of Best Buy's best deals this weekend include the highly sought-after PS5 Slim for only $400 — a rare discount on the premium gaming console. Below we've highlighted 10 of the best deals you can shop on Best Buy this weekend. You can find some present inspiration in our guides to the best Father's Day gifts, the best graduation gifts for him, and the best graduation gifts for her. 10 best Best Buy deals available nowSony PS5 Slim (Digital Edition) $399.99 $449.99 Save 11% The PS5 Slim Digital Edition is for downloadable games only and costs $50 less than the standard PS5 with a disc drive. Shop at Best BuyCheck out more of Best Buy's weekend sale here.

Persons: Slim Organizations: Business, Apple, Sony, Alexa, Toshiba, Fire

☆ Grads with these 10 master's degrees have the highest average starting salaries—No. 1 earns over $100,000
▼ + stars: | 2024-05-30 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

Federal graduate school loans are more expensive, too, with higher interest rates than loans for undergraduate studies. On top of that, 55% of master's degree-holders have debt from both their undergraduate and graduate studies, owing an average total of over $69,000. Similar to undergraduate degrees, science, technology, engineering and math-related master's degrees tend to lead to higher-paying salaries compared with degrees in the arts and humanities. That said, these are the 10 master's degrees with the highest average starting salaries for the class of 2022, according to the National Association of Colleges and Employers. In fact, fewer than 60% of master's degree programs deliver a positive return on investment, according to a recent study by The Foundation for Research on Equal Opportunity.

Persons: FREOPP Organizations: Bureau of Labor Statistics, National Center for Education Statistics, Federal, National Association of Colleges, Computer, Liberal, The Foundation, Research, Education's, CNBC

☆ A key phase in Biden's new student-loan forgiveness plan has wrapped up, bringing borrowers one step closer to relief. But pushback is brewing.
▼ + stars: | 2024-05-26 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Read previewRachel, a Pennsylvania student-loan borrower, wants President Joe Biden's new debt cancellation plan to be implemented — and she wants the relief to be as broad as possible. AdvertisementRachel is among the millions of federal student-loan borrowers contending with monthly bills again amid an uncertain time for relief. Biden's Education Department is working to implement a new debt relief plan after the Supreme Court struck down its first plan last summer. "I will never stop working to cancel student debt — no matter how many times Republican elected officials try to stop us." Where the challenges standThe administration is required to adhere to the negotiated rulemaking process to implement this new student-loan forgiveness plan.

Persons: —, Rachel, Joe Biden's, cancelation, Biden, Donald Trump, Cary Coglianese, it's Organizations: Service, Federal, Business, Biden's, Public, Education Department, Republican, Department, Biden, Higher, University of Pennsylvania Locations: Pennsylvania

☆ Ukraine is mounting rockets on its sea drones and is using them to hit land targets, official says
▼ + stars: | 2024-05-22 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +1 min

Ukraine is mounting rockets onto its naval drones, an official told the Financial Times. It's used them to strike Russian positions in occupied Mykolaiv, the official told the FT.A video of a reported attack shows a sea drone firing several rockets toward Russian targets. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUkraine has placed rockets onto its feared sea drones and is using them to attack Russian land targets, according to a Ukrainian official. In a post on X, citing an unnamed Ukrainian intelligence official, Christopher Miller, the Financial Times' Ukraine correspondent, said that sea baby naval drones are now being mounted with a Grad multiple launch rocket system.

Persons: It's, —, Christopher Miller Organizations: Financial Times, Service, Business Locations: Ukraine, Mykolaiv

☆ Netflix founder says he almost dropped out of Stanford for a different business: 'I was equally as committed to that terrible idea'
▼ + stars: | 2024-05-22 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

Before co-founding Netflix, Reed Hastings thought another of his business ideas would become a household name. Specifically, it was a "foot mouse" — where users could control a computer cursor with their feet, Hastings said at a recent Stanford Graduate School of Business event. "It was a terrible idea, but I was equally committed to that terrible idea as I was to Netflix," he said. In the case of the foot mouse, Hastings was a Stanford graduate student at the time, working toward his master's in computer science. He even hired a mechanical engineering graduate student to mockup a prototype.

Persons: Reed Hastings, Hastings, he's Organizations: Netflix, Stanford Graduate School of, Wired, Stanford

☆ Biden appears to clap after Morehouse grad calls for 'immediate and permanent cease-fire' in Gaza during commencement
▼ + stars: | 2024-05-19 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Read previewPresident Joe Biden on Sunday appeared to clap after the valedictorian of Morehouse College called for an "immediate and permanent cease-fire" in Gaza during the school's commencement ceremony. It is my stance as a Morehouse man — nay, as a human being — to call for an immediate and permanent ceasefire in the Gaza strip." Advertisement#Morehouse valedictorian, Deangelo Fletcher, calls for an “immediate and permanent ceasefire in the Gaza Strip” — met with applause from crowd and @POTUS behind him. "Faced with the choice of having police take people out of the Morehouse commencement in zip ties, we would essentially cancel or discontinue the commencement services on the spot." "That's why I've called for an immediate cease-fire to stop the fighting.

Persons: —, Joe Biden, DeAngelo Fletcher, we've, Deangelo Fletcher, @POTUS, — Garrison Hayes, Biden, Fletcher's, Fletcher, David Thomas, Thomas Organizations: Service, Morehouse College, Morehouse, Black, Biden, Business, Morehouse . Morehouse College, NPR, Atlanta Voice Locations: Gaza, Atlanta, Israel, @garrison_hayes, Georgia

☆ It will be even more expensive to borrow money for college this year—3 tips to cut down costs
▼ + stars: | 2024-05-15 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

The interest rate for direct federal undergraduate student loans disbursed after July 1, 2024 will be 6.53%, the Department of Education announced Tuesday. That's up from the current 5.5% interest rate, and the highest rates have been since 2008, according to ED data. New graduate student loans will have an 8.08% interest rate and parent PLUS loans will come with a 9.09% rate. Here are three ways to lower your overall college costs and reduce the amount you may need to borrow. Starting your college education at a community college or trade school is one way you may be able to cut down on costs while racking up course credits.

Persons: That's, Gabriella Carter, Ethan Nguonly, Nguonly hustled, Nguonly Organizations: Department of Education, Princeton University grad, CNBC, University of California — Locations: University of California — Berkeley

☆ Inside the life and career of Larry Page, Google's co-founder and first CEO
▼ + stars: | 2024-05-15 | by ( Avery Hartmans | Lakshmi Varanasi | ) www.businessinsider.com time to read: +13 min

AdvertisementSo who is Larry Page and how did he get to where he is today? AdvertisementPage and Sergey Brin create GoogleGoogle co-founders Sergey Brin and Larry Page met as students at Stanford. Google's parent company, Alphabet, has developed self-driving cars through Waymo, the company formerly known as the Google Self-Driving Car project. Page's personal lifeGoogle cofounder Larry Page and his wife, the scientist Lucinda Southworth C Flanigan/FilmMagicThroughout it all, Page has kept information about his personal life closely guarded. Life after GoogleGoogle cofounder Larry Page bought Cayo Norte, an island in Puerto Rico.

Persons: —, Larry Page, Sergey Brin, Page, Sundar Pichai, Gloria, Carl Page —, Larry, what's, Nikola Tesla, he's, Brin's, BackRub, Brin, Eric Schmidt, Schmidt, Andy Rubin's, he'd, Andrew Kelly, Sergey, Lucinda Southworth C, Lucinda Southworth, Richard Branson, Page's, Carl Victor Page, Carl Page, He's, Hugh Langley Organizations: Service, Google, Business, Michigan State University . Education, Getty, Michigan State University, The, Montessori, Google Google, Stanford, Associated Press, University of Michigan, Labs, Reuters Page, Virgin Group, Investments, Carl Victor Page Memorial Foundation, Zee Aero, Pacific, Virgin Island, Atomic Locations: Michigan, Waymo, Toronto, Stanford, Caribbean, Palo Alto, Cayo Norte, Puerto Rico, Koop, Tavarua, Fiji

☆ 5 people share the different ways they landed jobs at Big Tech companies
▼ + stars: | 2024-05-10 | by ( Ella Hopkins | Shubhangi Goel | ) www.businessinsider.com time to read: +6 min

Read previewGetting a foot in the door at one of the four Big Tech companies — Meta, Google, Apple, and Amazon — can require years of training, an expensive education, and many interviews. Business Insider spoke to five people who landed jobs at Big Tech companies about how they learned the skills and experience that landed them the role — and how they showcased those skills during the interview. AdvertisementGriffin worked as a software engineer for Rotten Tomatoes, Vox, and Shopify before applying for jobs at Apple four times. Griffin landed a role as a software engineer at Apple and worked at the company for two years. "I took it to get my foot in the door of a Big Tech company and build credibility," he told BI.

Persons: —, Corey Griffin, Apple Corey Griffin, Griffin, Vox, tara Larsen, Tara Larsen, Larsen, Sahil Gaba, Sandeep Rao, Big Tech Sandeep Rao, Rao, Zubin Pratap, Pratap, he'd Organizations: Service, Big Tech, — Meta, Google, Apple, Business, C3G Media, Rotten, Amazon, Gaba, BI, Meta, Oracle, Carnegie Mellon University Locations: Big Tech, Amazon, India

☆ New grads may have a harder time landing their dream job, despite a strong labor market — here's why
▼ + stars: | 2024-05-09 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

"The fact remains that the job market has remained more robust and resilient than had been expected," he added. And yet, there are a few things that young adults entering the job market aren't willing to compromise on, especially when it comes to work-life balance. Going forward, however, there may be fewer remote options for those just starting out. Where new grads get the best bang for their buckCompanies with remote work opportunities will allow job seekers to cast a wider net, Salemi said. After years of high inflation, new grads must also contend with elevated food, transportation and housing costs, depending on where they go.

Persons: Mike Segar, Mark Hamrick, Monster, Vicki Salemi, Salemi Organizations: City College of New York, Reuters, Istock, Getty Locations: U.S, Manhattan , New York

☆ College alum surprised that his ayahuasca-inspired speech praising bitcoin got groans and boos
▼ + stars: | 2024-05-08 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

Speaker Christopher Pan lauded the benefits of bitcoin — prompting groans and boos from the college students gathered in the stadium. This story is available exclusively to Business Insider subscribers. Related storiesDuring the speech, he promised audience members free bracelets from MyIntent as an apology for the bitcoin remarks. Pan told BI that he's been working with ayahuasca since 2019 to heal lifelong bullying. In the aftermath of the speech, Pan said he is communicating with angry commenters, while also feeling grateful for support during a difficult time.

Persons: —, Christopher Pan, groans, pained, Pan, I've, bitcoin Organizations: Service, Ohio State University, OSU, Pan, Business, LinkedIn, ayahuasca

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