Private equity’s scorching hot these days and the Cerberus is a pretty, pretty, pretty badass name, so it should stand to reason that all you M.B.A.’s, bloggers and small mouth bass fisherman alike should want to go to work for Cerberus Capital Management. And why shouldn’t you? The three-headed dog’s got $26 billion in capital, counts Dan Quayle as a spokesman emeritus, and owns Bushmaster Firearms International, LLC, a manufacturer and distributor of guns based in Windham, Maine. Who are you kidding? You’ve been dreaming about this for years. The idea that one day, maybe not tomorrow, maybe not the next day, but one day, you will go to work for Stephen Feinberg is all that keeps you going in this god forsaken world. You’re hanging on by a thread and that thread is whispering, “Cerberus.” We feel you. We are you.
Unfortunately, Deal Journal, because their goal in life is to crush dreams and facilitate suicides, reports that your dream is never going to happen. Since November 2006, CCM has hired only 110 people, according to operations chief W. Grant Gregory, from 2,500 interviews. A 4.4% hiring rate from among just those asked to come in, not the other 100k trying to belay themselves down the Park Ave. headquarters and into a side window.
The phenobarbital-vodka punch and plastic bags are on us.
MBAs Take Note: Your Odds of Landing at Cerberus are Slim [Deal Journal]
Harder to get into than Carney’s chastity belt
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You know what they say: You can’t choose your family, but you can choose your financial planner. Or something like that. One of the great things of being in charge of your money is choosing who (if anyone) will help you manage it. The choice isn’t always an easy one. How will you know that your planner is reputable and trustworthy?
These five red flags may be good indications of whether the financial planner sitting across from you is someone you should trust with your money. LearnVest Planning also provides an innovative 7-step program for your money where you work one-on-one with a financial planner. To see if this program is right for you, start with a free financial consultation.
1. She Isn’t Certified
“There are a lot of good planners out there who aren’t Certified Financial Panners™,” says Samantha Vient, CFP®, of LearnVest Planning Services. “However, CFPs® are required to adhere to the CFP® Board’s standards of professional conduct.We believe it’s always a good idea to work with someone who has the CFP® designation, which is issued after completing a CFP® Board-approved personal financial planning curriculum, passing a rigorous exam issued by the Certified Financial Planner Board of Standards, meeting experience requirements and passing an ethics and background check.
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SoFi Answers the Call to Refinance Student Loans and Provides Unique Community Benefits
This is a guest post written by SoFi’s CEO, Mike Cagney.
CLICK HERE TO READ THE FULL ARTICLE
Recently, there’s been a lot of talk amongst leaders in Washington about how to improve the painful process of repaying student loans. At SoFi, we feel your pain and work hard to offer more flexible, more affordable options for our borrowers. One idea that’s getting a lot of attention is increasing the options for refinancing debt after graduation. The only lender currently focused on refinancing private and federal student loans is SoFi.
We recognized early on that borrowers who have made timely payments on their loans, graduated from school, and have a job should be able to refinance their student loans at a lower interest rate. This may be why, after resuming lending by invitation, the media became increasingly interested in what we are doing.
In a recent article posted on MainStreet.com SoFi General Counsel Rob Lavet had this to say about SoFi’s ReFi products: Read more »
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