RJ & Makay

Our view of news, events and human capital trends in the financial services industry.

Smoking Hot, NOT!

Posted by: Darin Manis in tips, point of view, fun on Jul 14, 2008

I smoked either multiple cigars or cigarettes for just over 7,300 consecutive days. Quitting was easily the hardest thing I have ever done. Even now, almost 1,000 days later, I can't believe I don't smoke anymore. I will let the doctors and other experts speak as to why you shouldn't smoke for health reasons. But, if you are a smoker you already know it's bad for your health, you don't need to hear that again. Rather, I will try to reaffirm what you already know anyway: smoking is bad for your career. Yes, I said it.

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LinkedIn vs Facebook

Posted by: Darin Manis in networking on Jul 10, 2008

LinkedIn

Launched in 2003
Has over 20 million users
Employed by over 300k recruiters
Represents over 150 industries
Over 1.5 million members (labeled as senior executives)
All 500 of the fortune 500 companies are on LinkedIn
On average, over 20 new members join every minute
On average, members' ages range from 30-55 yrs old
97% of LinkedIn uses joined because they were invited by an existing member

Facebook

Launched in 2004
Over 80 million users

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It's a Great Day to Go Narcisurfing

Posted by: Darin Manis in tips, networking, interview advice on Jul 10, 2008

When you think of a narcissist, you may think of someone who has gone overboard on self-love, self-admiration, self-infatuation, or self-obsession. Most of us would not consider it a compliment if we were called a narcissist. However, narcisurfiing (a term that has been around for a couple of years) is a definite must. Narcisurfing is conducting web searches for your name. What is most unbelievable to me (at the risk of sounding narcissistic) is that most people don't look themselves up

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Rule of 72

Posted by: Darin Manis in tips, fun on Jul 05, 2008

If you have your money in a financial product (or business) that pays a fixed interest rate or return, do you know how to calculate how long it will take for you to double your money? A general rule used to reveal how many years it will take for you to double your money at a given rate of return is called the Rule of 72. To find out how many years it will take to double your money, you simply take the compound return number (the interest rate or return rate) and divide into 72. For example, if

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2Q: Not from Hell

Posted by: Darin Manis in point of view, news, financial services on Jul 03, 2008

I was speaking to a person yesterday that asked me what I did for a living. When I explained that I recruited exclusively in the financial services industry, he kindly gave me the look as if I must be on my way to the financial aide office in town. Or maybe he was thinking the unemployment line. He patted me on the shoulder and softly said, "I am sorry to hear that. It must be pretty tough right now."

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The Basic Point of Basis Points

Posted by: Darin Manis in tips, fun on Jun 30, 2008

If you refer to basis points as bps (pronounced bips, rhyming with lips) you know all about figuring out basis points. However, a lot of people, including people that work in financial services, don't know how to figure basis points or calculate them. So here are the basics of basis points if you need it:

A basis point is 1/100th of 1%. So 1% equals 100 basis points. Fifty basis points is a half percentage point (also known as a half point).

This is pretty easy, right? Where I see

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You Need to Send a Thank-You Letter

Posted by: Darin Manis in tips, networking, interview advice on Jun 23, 2008

Thank-you letters (a letter expressing appreciation for the interview) are extremely important in the interview process, all the way through the process. Your competition will likely be writing one; you should as well.

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U.S. bailout watchdog criticizes Treasury over GMAC 10 Mar 2010 | 10:11 pm Reuters: Business News
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The shape of the U.S. recovery isn't a sure thing yet.
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How long will the world tolerate the atrocities of North Korea?
Senate passes $149 billion for jobless aid 10 Mar 2010 | 9:45 pm Reuters: Business News
WASHINGTON (Reuters) - The Senate on Wednesday passed a $149 billion package of jobless aid and tax breaks, as Democrats continued efforts to lower the 9.7 percent unemployment rate before congressional elections in November.
Asian stocks ease after China data, yen struggles 10 Mar 2010 | 9:09 pm Reuters: Business News
SINGAPORE (Reuters) - Asian stocks fell on Thursday as investors fretted over tighter monetary policy in China on the back of strong loan growth and quickening inflation, while the yen struggled amid signs that Japan's economy may need more support.

RJ & Makay

Our view of news, events and human capital trends in the financial services industry.

Smoking Hot, NOT!

LinkedIn vs Facebook

It's a Great Day to Go Narcisurfing

Rule of 72

2Q: Not from Hell

The Basic Point of Basis Points

You Need to Send a Thank-You Letter

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