Anyone need a job? You'd think the matter of canning 1,500 employees yesterday would've meant LEH not being up for much in the way of new hires for a while but you'd think wrong. They are back in the saddle and eager to have you and yours, Thursday afternoon's gutting having created more than enough space to stretch your shit out. The following listing was added this morning to a certain b-school's jobs board. Act now, before they go under.
Type of Position: PermanentLocation: Multiple Locations
Work Authorization: No work auth. restriction
Job Function: Finance: Investment Banking
Job Detail:
Investment Banking Full Time Associate U.S.
Location Opportunities: New York, Menlo Park, Los Angeles
Investment Banking Division:
Corporations and governments worldwide come to Lehman Brothers for our
Investment Banking expertise. The division provides comprehensive financial
advisory and capital raising services. This includes advice relating to
mergers and acquisitions, privatizations, and debt and equity financings and
restructuring.We believe in an integrated approach to Client coverage. We organize our
people into industry, product and geographic groups to provide Clients with
bankers who possess extensive expertise across all investment banking
products.Our investment banking expertise spans a diverse spread of global industries
and products, including Communications and Media, Consumer Retail, Financial
Institutions, Financial Sponsors, Healthcare, Natural Resources, Industrial,
Power, Technology, Mergers and Acquisitions, Equity Capital Markets, Debt
Capital Markets, Leveraged Finance, Private Capital Markets, Restructuring,
Exclusive Sales, Global Finance Solutions, Global Finance Analytics, Equity
Linked and Hybrid Solutions, Risk Solutions.Investment Banking Associate Program:
The program begins with four weeks of training in New York. This training
introduces you to the Firm and its uniquely team-based approach, and
reinforces the skills that you will apply as an investment banker. Classroom
training during this first four weeks includes technical skills training in
accounting and finance, as well as presentations and discussions that will
introduce you to Lehman Brothers' unique One Firm approach to Client
services. You will have the opportunity to learn about the Firm's culture and
history as well as being provided with the analytical tools you will use
throughout your investment banking career. You will also participate in small
teams on projects to gain a better understanding of the Firm's capabilities
and help you to develop a global network of peers.Following the training program, you will return to your region of hire.
Associates in the New York office complete three, one-month rotations which
will introduce you to the Firm's industry and product groups. These rotations
give you the opportunity to participate as a fully contributing member of
selected project teams working with bankers at all levels on diverse
assignments. The rotations are followed by longer-term placement into one of
the Firm's industry or product focused groups.As an associate, you will learn to become the primary processor on a deal or
proposal. You will have the opportunity to master all aspects of executing a
transaction and creating a new business presentation, including performing
financial analysis and modeling, researching industries, preparing offering
memoranda and other written materials and interacting with Clients. As you
progress, you will be able to manage a transaction with minimal supervision,
and coordinate the activities of team members, Clients, lawyers and
accountants. Rest assured, we will keep investing in your future. We strive
to provide regular confidential 360-degree performance reviews to help you
keep improving, excellent long-term career opportunities and a clear path of
opportunity for career growth.We seek dedicated professionals who are highly motivated, have strong records
of success, and whose abilities and personal qualities indicate exceptional
potential for an investment banking career. In return, we provide
unparalleled professional exposure and the opportunity to work with some of
the most talented bankers in our industry.Application Instructions:
Please apply online at www.lehman.com/careers under Apply Now. Select from
the following positions:2009 : Americas; New York; Investment Banking; Generalist; Associate Full
Time; 20092009 : Americas; Los Angeles; Investment Banking; Generalist; Associate Full
Time; 20092009 : Americas; Menlo Park, CA; Investment Banking; Generalist; Associate
Full Time; 2009
Posted by guest , Aug 29, 2008 11:33AM
McCain announces VP some chick from Alaska
Posted by guest , Aug 29, 2008 11:34AM
HR is going to be laid off next week
Posted by guest , Aug 29, 2008 11:42AM
they just post this stuff and go through the recruiting motions to maintain a presence on campus.
they'll interview a few people with zero intention of hiring them, its a load of bs
Posted by guest , Aug 29, 2008 11:51AM
this was posted on Chicago GSB board. any other school?
Posted by guest , Aug 29, 2008 12:09PM
too much blather, didn't apply
Posted by guest , Aug 29, 2008 12:20PM
@3 - Totally, but do you really think it's worth all that hassle and time just to keep B-schoolers who are not going to work there interested? Seems like a waste of a company's time, especially one that has much bigger problems to worry about, like staying afloat.
Posted by guest , Aug 29, 2008 12:25PM
@#6
Not #3
Yes they need to keep a presence at the schools to not only keep up their image with the kids, but to maintain their relationship with the school.
Posted by guest , Aug 29, 2008 12:28PM
@7: Agreed. Career services at these schools can put a lot of pressure on companies.
Posted by guest , Aug 29, 2008 12:39PM
Wrong, this was on Penn State's Smeal job board.
Posted by guest , Aug 29, 2008 12:42PM
Wrong, this was on Penn State's Smeal job board.
Posted by guest , Aug 29, 2008 12:43PM
#9, shockingly, it is conceivable that it was posted to both Chicago GSB's and PSU Smeal's board. I know, crazy, isn't it?
Also, as #4 was asking about which other schools it might be posted to, i don't think Penn State Smeal counts. I mean, Smeal? Really?
Posted by guest , Aug 29, 2008 12:43PM
I saw it on Chicago GSB as well.
Posted by guest , Aug 29, 2008 12:50PM
I just submitted my resume to this position at the U of P's job board (To those who aren't 'in the know' that is University of Phoenix).
They also had several attractive positions listed for Bear Stearns and Sowood as well. The job hunt is really a numbers game.... Send that resume out to as many top firms as possible shot-gun style..
check out this link. but wait for it to fully load:
http://www.onefederal.com/home.html
Posted by guest , Aug 29, 2008 1:00PM
this is for an associate position -- what are the numbers?
Posted by guest , Aug 29, 2008 1:05PM
Any other schools got this job posting? When it hit my inbox the only thought that crossed my mind was not why are they hiring, but rather why would anyone apply?
Posted by guest , Aug 29, 2008 1:12PM
Necessary requirement for outsourcing the same job. Oh look we had a job posting up, but couldn't find any candidates. Baby wants his H1B!
Posted by guest , Aug 29, 2008 1:21PM
@14 - you pay them for the experience.
Posted by Anal_yst , Aug 29, 2008 1:23PM
@11
Smeal's grad program isn't top notch by any means, but hate to tell you, not everyone on wall street went to harvard/wharton/etc, despite what you may have heard on leveragedsellout
Posted by guest , Aug 29, 2008 1:52PM
@18
That's true. I'm pretty sure my assistant went to smeal
Posted by guest , Aug 29, 2008 1:54PM
This was also on the job board at Apex Tech
Posted by guest , Aug 29, 2008 1:55PM
they are trying to generate revenue from application fees...
Posted by guest , Aug 29, 2008 2:51PM
you idiots, the dude brought up smeal because carney wrote an article about it the other day
Posted by guest , Aug 29, 2008 3:23PM
@22
guy, 9 brought Smeal up because he was insistent that the job posting was at PSU Smeal and not Chicago GSB. who cares if Carney wrote about Smeal a few days ago?
Posted by guest , Aug 29, 2008 4:40PM
@23, first time on the Internet?
Posted by guest , Aug 29, 2008 5:14PM
I had to google Penn State Smeal ... I thought there was a typo...
Posted by guest , Aug 30, 2008 6:07AM
Dear Lehman Brothers,
This is Ravi from India. I have just been accepted to Chicago GSB where I read your job posting on the jobs board. I have a superior 780 on my GMAT and would be thrilled to apply to your job as a safety-job, just like Dartmouth's Tuck School was my safety school. My ideal job is in Private Equity with KKR, but I'm willing to work for you.
Seeing my superior test scores and my placement into Lehman I think you should be tripping over yourselves to hire me.
Can you please sponsor my visa, so I don't have to work at 7-11. And can you also help to ship my wife over so she can cook and do the dishes while I put in the long hours at your reputed firm.
your best candidate,
RAVI
Posted by guest , Sep 02, 2008 7:00AM
Dear Ravi
We have forwarded your resume to our "outsourced" IT help desk call center based in Bangalore.
If they have an interest in your application, after sifting through the 300 qualified Doctors applications we recieve monthly as well as the internal job transfer applications from our tiffin boys,we will contact you.
Yours uninterestedly,
Your favorite Investment Bank
Lehman Brothers.
(Vorsprung durch Gewinn.)