Tuesday, November 27, 2007

Resume Writing Skills – Tell Employers What They Want To Hear

The most important thing that an employer wants to know is how you can contribute and bring value to their business. When writing your resume, never write these:

Leading, motivating and evaluating team members
Forward analytical thinking
Strong networking and negotiation skills

If you write things like this, it’s just like you’ve written nothing. You just fill your resume with non-sense. I can’t reiterate more - you have to be precise and specific – and tell the employer what they want to know. A couple of strategies here.

Strategy One – Play With Numbers
Bankers are good at numbers. Play around with measurable figures.
Not specific: Involved in an award-winning TMT research team.
Specific: Key member of a TMT Research Team ranked number one by Euromoney in 2007 (third in 2006).

Strategy Two - Analyze What The Hiring Manager Wants To Hear
Emphasis results. Hiring managers want to know how you can add value to their business. One of my current MD candidates used to be a Credit Marketing Manager/Corporate Dealer. Here’s how he described his job.

Mr. Headhunter initiated, developed and managed a US$47 million portfolio of corporate clients. He increased loam volume by 18% and contributed to achieving 23% and 40% growth in branch non-funds and foreign exchange income respectively.

Thoughts on Resume Writing Skills From Anna Maria D’Souza
Never put up 20 bullet points listing all your daily duties. Always analyze the position you are applying for and what the hiring manager wants to hear from you.

Resume, Cover Letter & Interview – All In A Row

I just come across an article by Kevin Donlin, talking also about ‘Tell Employers What They Want To Hear’. It’s not investment banking focused, but the concept is just the same – apply the concept of ‘Tell Employers What They Want To Hear’ through out the process of cover letter writing, resume writing and interviewing - Enjoy reading.

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Resume Writing

Tuesday, November 20, 2007

Do You Fancy Alternative Investment?

Citadel – Best Hedge Fund 2007
When you are looking for the best investment bank to work for, you must first of all find out what your strengths and interests are. If you fancy hedge fund and alternative investment, Citadel must be one of your top choices.

Careers at Citadel
Careers at Citadel have three major areas:

Investments and Trading
Quantitative Research
Information Technology

Entry-level positions are available in Chicago, its worldwide headquarters.

Citadel has a relatively simple website. Check its ‘Careers’ section and it is easy to find out information on training, internship and campus events.

What New Hires Have to Say About Citadel
Visit its website again and look for the ‘Our People’ section. You will find some young people talking about their lives at Citadel. Get a better understanding of their life style. Don’t forget that ‘A Day In The Life’ can’t represent a full picture – be prepared to work long hours, even on weekends, if you are devoted to an investment banking career.

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Best Investment Bank

Friday, November 16, 2007

Hedge Fund – Rising Star in Creating Billionaires

Citadel and Ken Griffin
Ken Griffin – one of my clients whom I want to introduce to my blog readers as their idol. Ken is a typical example of starts young, gets rich young and is a self-made billionaire who of course, qualifies to retire young. His company, Citadel, was rated Best Hedge Fund by
Euromoney in 2007.

Ken Griffin (38) was a typical successful young investor who started trading at his dorm room at Harvard. He established Citadel at the age of 22 in 1990.

Citadel - The Silent Giant
Unlike other private-money gurus such as Warren Buffett, Stephen Schwarzman and Steve Cohen, Ken Griffin remains largely unknown. Citadel has ballooned into an AUM of $16 billion. (That’s $1.5 billion more than Cohen’s firm and half a billion dollars more than the fund run by George Soros, according to estimates.)
Citadel trades in low profile, however huge volume. On some days it trades as much as 3 percent of the volume on the Nasdaq and the New York Stock Exchange.

Ken Griffin’s Bio
1968 – Born
1990 – B.A. in Economics, Harvard University
1990 – Founded Citadel
2003 – Forbes 400 – net worth $650 million #377 (first time on list)
2004 – Forbes 400 – net worth $825 million #363
2005 – Forbes 400 – net worth $1.5 billion #207
2006 – Forbes 400 – net worth $1.7 billion #204
2007 – Forbes 400 – net worth $3 billion #117

More About Ken Griffin
Started investing as a Harvard undergrad; read article in Forbes about Home Shopping Network, became interested in the stock market. Managing $1 million of family's, friend's money by senior year. Convinced by investor Frank Meyer to move to Chicago; founded Citadel Investment Group 1990 with Meyer's money. His hedge funds said to have averaged 20% net of fees annually. Assets under management exceed $16 billion.
Forbes 2007

Kenneth C. Griffin (born 1968 in Daytona Beach, Florida) is an American hedge fund manager. Currently, he is Managing Director and CEO of Citadel Investment Group, a Chicago based hedge fund. A self-made billionaire, he founded and propelled Citadel to one of the largest and most successful hedge funds in the world.

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Young investor

Saturday, November 10, 2007

World’s Top Earning Traders 2006

Not only investment banks produce top earning traders. Hedge fund is a rising star. Many multi-million-dollar bankers quit their jobs to set up hedge funds.

John Arnold, a onetime natural gas trader at Enron Corp., became the highest-paid manager last year, earning between $1.5 billion and $2 billion, according to a poll. His Centaurus Energy is an energy hedge fund.

Some hedge fund traders are actually very young. One of my clients Dan Zwirn is only 35. The top earner John Arnold is even younger, only 33.

You can be rich and young, if you devoted to an investment banking career. Dan Zwirn was traveling on his private plane when I scheduled his interviews in Asia. Let’s take a look at his income and bio.

Here are the twin stars’ age and their estimated income:

John Arnold (33) - GBP 750 million – 1 billion
Dan Zwirn (35) – GBP 40-50 million

Source: Trader Monthly

Daniel Zwirn – Set up his hedge fund at the age of 29

Daniel Zwirn has proven to be a successful young investor. A Wharton graduate, did stints with $8 billion Highbridge Capital Management and MSD Capital, the private investment fund of computer billionaire Michael Dell, prior to opening his own shop DB Zwirn in 2001, when he was only 29.

Daniel Zwirn – Bio

1972 Born
1993 BS, University of Pennsylvania, Wharton School of Business
1993 BAS, University of Pennsylvania, Moore School of Electrical Engineering
1993 Analyst, Lazard Frères
1996 Portfolio Manager, MSD Capital
1997 Davidson Kempner Partners
1998 MBA, Harvard Business School
2001 – 2003, MD & Senior Portfolio Manager, Highbridge Capital Management
2001 – present, Founder, DB Zwirn

Mr. Zwirn received an M.B.A. from the Harvard Business School in 1998, a B.S. in Economics with a triple concentration in Accounting, Finance and Corporate Control (self-designed), cum laude, from the University of Pennsylvania’s Wharton School of Business in 1993, and a B.A.S. in Computer Science, cum laude, from the University of Pennsylvania’s Moore School of Electrical Engineering in 1993.

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