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At 31, Soeren Kuenzel runs Citadel Securities' FX team, overseeing hundreds of billions in trades. Just ask Soeren Kuenzel, the head of foreign-exchange trading at Citadel Securities who's now responsible for billions in complicated currency trades at just 31 years old. It was sponsored by Citadel, the hedge-fund firm led by the billionaire Ken Griffin, alongside the market maker Citadel Securities. Citadel Securities, launched by Griffin in 2002, is one of the biggest trading houses matching sellers and buyers of stocks, bonds, and currencies across the globe. He finished his doctorate at Berkeley in 2019 and began working that fall as a quant researcher at Citadel Securities full time in Chicago.
Persons: Soeren, Soeren Kuenzel, Kuenzel, Ken Griffin, Griffin, Fang Wu, Wu, It's, Yale's, I've, he's, that's, Alex Morell Organizations: Citadel Securities, FX, University of California, Facebook, Apple, Citadel, New York Stock Exchange, Chicago, Berkeley, Yale's men's, Cape, Cape Florida Lighthouse Locations: Berkeley, Miami, Europe, Chicago, Germany, Cape Florida
Private equity is often seen as the Holy Grail of finance jobs — but breaking in can be challenging. We also have data on private equity pay and the industry's top recruiters. Here is what we found about pay at private equity firms, including Blackstone, Apollo, and Bain Capital. Private equity recruiting has been starting earlier than ever Getty ImagesPrivate equity firms like to recruit young talent from investment banks. These days, the private equity recruiting process has started earlier than ever, resulting in middle-of-the-night interviews with offers being made — and blown up — all before Labor Day.
Persons: , bymuratdeniz, Blackstone, Samantha Lee, Drew Angerer, Skye Gould, Jon Gray, Grace Koo, Read, Carlyle, Alex Crisses, Thoma Bravo, Warburg Pincus, Wharton's, Axel Springer Organizations: Blackstone, KKR, Service, Apax Partners, Oaktree, of Foreign Labor, Apollo, Bain Capital, Labor, General Atlantic, PJT Partners, Partners, dealmakers, Wall, University of Michigan Locations: Carlyle, Blackstone, Axel
Yet more unfathomable: that there would be any affection for anything about that era’s nascent political correctness with its penchant for words like “womyn” and other idealistic but often ill-conceived efforts to reimagine the dictionary. In the wake of my 30th college reunion last month at Brown University, a notorious locus for politically correct thought back in the day, those emergent P.C. At that time, word purification rituals were experienced all in good fun or at least, in good fun-making. Even at its peak, ’90s-style political correctness was at least as much self-satire as a movement to be reckoned with. With the exception of its most earnest practitioners — strategically isolated within semiotics departments and grad school dormitories — undergrads from across the political spectrum considered political correctness a passing fad or an attempt at academic esotericism rather than an actual recommendation for how to comport yourself in public.
Persons: Ethan Hawke’s, , changin, , Organizations: Brown University, Brown Daily Herald Locations: Brown
Alex Akmal moved to Madison, Wisconsin, from Missoula, Montana, after graduating from college. What sold her on the city was a great job offer, its college town flair, and its affordability. It's a college town, and it's an awesome place. When I was finishing college, I decided wherever I end up, it needs to be a college town or have a major college in it. Madison, Wisconsin.
And since I lived with my parents for almost half of my 20s, my expenses were low, which meant I blew a golden opportunity to boost my retirement savings. Know how interest worksYou can't make long-term financial decisions without knowing how interest affects your money. Your credit score matters because you're less likely to qualify for loans, auto financing and credit cards if you have a low credit score. Additionally, itemized summaries of your credit score, known as credit reports, are produced by the three major U.S. credit bureaus: Equifax, Experian and TransUnion. Overdue payments can result in penalty fees, higher interest rates and a lower credit score by over 100 points, in some cases.
The top concern soon-to-be-grads have about entering the current job market has nothing to do with money, according to a new survey of 500 incoming college graduates from A.Team, a tech hiring platform. Instead, when asked about their top concern about the work landscape, 21% said they were most worried about finding a role that affords them work-life balance. Not far behind, 19% of new grads are concerned about not finding a job they're passionate about, while another 18% say potential layoffs are their biggest worry. Reports of academic burnout from college students got worse during the pandemic and remains a problem: As of 2022, 2 in 5 undergrads say they frequently feel stress while attending school, according to research from Gallup and the Lumina Foundation. Gen Z's calls for work-life balance could reshape workplace culture
Driven by the recent AI boom, companies are raiding top college campuses for rare technical talent. She's currently on leave from her Stanford AI Ph.D. program to focus on Moonhub. In 2011, new AI Ph.D. graduates took jobs in the tech industry and academia in about equal measure. But since then, the majority of new grads have headed to the AI industry, with nearly double the percentage of AI Ph.D. grads taking industry jobs versus academic roles in 2021, according to Stanford's Institute for Human-Centered AI's 2023 AI Index Report. "All AI companies have roles for people with Ph.D.s and without," said Attaluri, the soon-to-be researcher at DeepMind.
But do you think execs will be OK with their subordinates working remote while they are stuck in the office? Plenty of others, most notably Goldman Sachs' David Solomon, have touted the importance of being in the office (blah blah mentorship model blah blah). Now JPMorgan just laid the blueprint for everyone else to force their own employees back in. Here are more details, including the internal memo, on JPMorgan forcing MDs back into the office. Salt Labs wants to help low- and medium-income workers build wealth via an app that operates like a frequent-flyer program.
Driven by the recent AI boom, companies are raiding top college campuses for rare technical talent. She's currently on leave from her Stanford AI Ph.D. program to focus on Moonhub. In 2011, new AI Ph.D. graduates took jobs in the tech industry and academia in about equal measure. But since then, the majority of new grads have headed to the AI industry, with nearly double the percentage of AI Ph.D. grads taking industry jobs versus academic roles in 2021, according to Stanford's Institute for Human-Centered AI's 2023 AI Index Report. "All AI companies have roles for people with Ph.D.s and without," said Attaluri, the soon-to-be researcher at DeepMind.
The Other Stanford DEI Scandal
  + stars: | 2023-04-03 | by ( Betsy Devos | ) www.wsj.com   time to read: 1 min
What happened to Judge Kyle Duncan at Stanford University was repulsive and unacceptable, and the staff who aided and abetted it—most notably DEI dean Tirien Steinbach—should be fired. This isn’t the only scandal on that campus worthy of attention and outrage. The school also faces a criminal case of false sexual-assault accusations. Both instances were complicated by the incessant buildup of nonteaching bureaucrats. Stanford now employs more administrators than it enrolls undergrads—focused on an agenda, not education.
Investment banks, you've been put on notice: The buy side is coming for your young talent. Insider's Emmalyse Brownstein has a full rundown on an undergrad internship at hedge fund Citadel for aspiring fund managers. The Citadel Associate Program (CAP) is a tough nut to crack, with an acceptance rate of only 1%. Click here learn more about Citadel's ultra-exclusive associate program, along with tips to get ahead during the application process. And if you're wondering who is left leading the world's largest hedge fund, look no further than our list of the fund's top 11 executives.
Clinton, N.Y.—Hamilton College has found one answer to the growing number of students seeking mental-health care on campus: Send them to other students. The school trains about a dozen undergrads a year to serve as peer counselors, a role that entails being a good listener to other students. The counselors go through about three days of training per year and attend weekly meetings to review peer conversations with the school counseling center’s professional therapists.
Olelole | E+ | Getty ImagesAs part of its massive $1.7 trillion spending package for 2023, Congress is planning to up the maximum annual Pell Grant award to $7,395 — a $500 increase from this school year. President Joe Biden had previously called to raise the Pell Grant by even more, to a maximum allotment of $8,670 in 2023, and has said he wants to see the payments double by 2029. Pell Grants are one of the biggest sources of financial aid available to college students, and more than 6 million students received them in 2020. Each year, Congress decides how much to allocate to the maximum Pell Grant, and in some years it has reduced the payment. There's a limit to how many Pell Grants you can getCollege students typically can receive the grant for up to six years.
There is an endless list of factors students consider while choosing a college: size, cost, campus life, proximity to home. In post-Roe America, location has never been more important to prospective and current college students deciding where to pursue a degree or build their career. The 21-year-old, now a junior studying political science at the University of South Dakota, is the president of USD Students for Reproductive Rights. Lexi McKee-Hemenway and Kyshea Koehler at an event hosted by USD Students for Reproductive Rights. Harvard University freshmen rally in Harvard Yard on May 4, 2022 to defend abortion rights.
And it goes further for those who received a Pell Grant in college, a type of aid available to low-income families, by clearing as much as $20,000 from their student debt balance. The federal Pell Grant program, signed into law in 1965, is one of the largest sources of financial aid available to college students. Here's what families need to know about Pell Grants. There's a limit to how many Pell Grants you can getCollege students typically can receive the grant for up to six years. "The student can then use the money to pay for other college costs, such as textbooks," he said.
The Great Notre Dame Keg Caper
  + stars: | 2022-10-15 | by ( Bryan Gruley | ) www.wsj.com   time to read: +1 min
Forty-five years ago, Notre Dame linebacker Bob Golic bumped into a classmate in a dormitory elevator. The classmate, a cocky, 20-year-old junior named Castellini, said he was smuggling a keg of beer into the stadium at that Saturday’s game. He vowed to bring Golic a cold one on the sideline. Beer in all forms, let alone a fat steel barrel, was forbidden at Notre Dame Stadium. Although some college stadiums now sell alcohol, many—including Notre Dame—remain dry.
Stanford Graduate School of Business is No. The estimated cost of attendance for a Stanford MBA student is $124,389 for the 2022-23 school year. Stanford reports the median salary for 2021 graduates was $158,400, with an expected bonus of $37,750. Graduate business school enrollment has slowed this year as a still-strong job market created more opportunities and better wages for the Class of 2022 compared with 2021 undergrads. For anyone considering business school, here are the industries Stanford students entered after graduation, with a salary breakdown and signing bonuses.
Xavier Lorenzo/Getty ImagesHere's what: Biden's student-loan forgiveness plan was more generous than expectedOn August 24, President Biden announced his long-awaited plan for student-loan forgiveness: Individual borrowers earning less than $125,000 would receive $10,000 of forgiveness, and students who received Pell Grants (i.e. low-income students demonstrating financial need) would receive an additional $10,000 for a total of up to $20,000 in forgiveness. "Broad student-loan forgiveness can change the course of my life, and many people's lives. Loan forgiveness is an investment in everyday people whose debt has held them back. Private student loans don't qualify for forgiveness; 3 alternatives to consider if your debt is ineligibleYou can't get forgiveness with private student loans, unlike with their federal counterparts.
Meagan Turner, 29, dropped out of law school after two semesters because she wasn't enjoying it. So I enrolled in law school at Georgia State University in 2017. Nobody I knew had ever been to law school apart from my bosses, who all had become lawyers because their parents were. But from the start, I loved everything about it — whereas I hadn't liked most things about law school. When I told family and friends that I'd dropped out of law school, a lot of them said that I was crazy.
High-profile hiring freezes in the tech industry raised alarms about the health of the job market. But career counselors at universities nationwide insist grads are still getting hired. For many new college grads, the summer's hazy afterglow of no more studying, exams, or group projects is counterbalanced with the pressure of the all-important job search. Insider interviewed a dozen college career counselors and undergraduate professors to get their takes on how the job market is holding up for recent grads. And amid volatility in the stock market, industry experts have predicted that layoffs are likely for some investment bankers.
Private equity is a rewarding but challenging field to break into. Here is what we found about pay at private equity firms, including Blackstone, Apollo, and Bain Capital. Private equity recruiting has been starting earlier than ever Getty ImagesPrivate equity firms like to recruit from investment banks. These days, the private equity recruiting process has started earlier than ever, and it's resulting in middle-of-the-night interviews with offers being made — and blown up — all before Labor Day. General Atlantic managing director Alex Crisses walked Insider through the growth-equity investment firm's elite summer souring internship.
Persons: Jeffrey Hamilton, Alyssa Powell, Blackstone, Samantha Lee, Drew Angerer, Skye Gould, Jon Gray, Grace Koo, Read, Sara Diniz, Carlyle, Alex Crisses, Thoma Bravo, , Warburg Pincus, Wharton's, Axel Springer Organizations: Blackstone, KKR, Morning, Getty, Apax Partners, Oaktree, of Foreign Labor, Apollo, Bain Capital, Labor, KKR KKR, General Atlantic, PJT Partners, Partners, dealmakers, Wall, University of Michigan Locations: Carlyle, Blackstone, Axel
Here's what parents of successful kids have in common, according to research. Children with parents who stepped in to provide instructions frequently displayed more difficulty regulating their emotions later, the researchers wrote. "Too much direct engagement can come at a cost to kids' abilities to control their own attention, behavior and emotions. When parents let kids take the lead in their interactions, children practice self-regulation skills and build independence," Obradović wrote in the study. The parents tend to take parental leave.
After reading the script for "The Social Network," Peter Thiel didn't like how the film portrayed him. But for some Thiel fellows, the program ended up being "disastrous," according to a new biography about the billionaire entrepreneur and venture capitalist. The staff failed to act quickly enough to help either of them, past fellows told Chafkin. I just need someone to hang out with," one Thiel fellow told Chafkin. One fellow told Chafkin that "they'd come to regard their time with Thiel not as some profound intellectual exercise, but rather, 'a super-smart PR move.'"
Nearly half of indebted graduates think their college degree didn't earn them a higher salary, according to a survey from Insider and Morning Consult. The average student-loan debt is nearly $30,000 per borrower in the graduating class of 2018. Of these respondents, 17% have undergrad student-loan debt and 7.5% have graduate student-loan debt. For those with undergrad student-loan debt, this might be influenced by how stressed they are about their debt. That's still more than what the average millennial earns — $35,455, just slightly more than the average student-loan debt.
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