Career Advice

MF Global Holdings Ltd. Chairman and Chief Executive Jon S. Corzine was in direct contact with J.P. Morgan Chase & Co. officials about a large transfer of customer funds to the bank shortly before the securities firm collapsed, according to prepared testimony from a J.P. Morgan lawyer for a House subcommittee hearing Wednesday.

Despite thousands of layoffs, smaller bonuses and attacks on its reputation, Wall Street still remains the ultimate prize for students who want to go into finance, make money or set up their careers for later success.

Jon S. Corzine gave specific instructions to an MF Global employee in Chicago to move $200 million from a segregated customer account shortly before the securities firm collapsed, congressional investigators said .

Credit Suisse's Chief Executive Brady Dougan took one of the biggest hits in his 2011 paycheck of any chief executive at a major global bank, the Swiss bank's annual report revealed Friday.

After an employee quit with a highly publicized critique of its culture, Goldman Sachs has been scouring emails and other internal communications for evidence of workers using derogatory comments about clients.

Regulations and volatile financial markets are hitting many Wall Street chief executives hard in their wallets. But the CEOs of three of the largest asset-management firms in the U.S. have escaped the damage.

While the reputation of online M.B.A. programs is gradually improving, recruiters said, these degrees don't yet have enough cache to attract companies filling the most sought-after positions, particularly in finance and consulting.

Goldman and other banks should ditch the "clients-first" fiction and state clearly what they are about: Making money for customers and themselves.

Economists are convinced that height confers a natural advantage in the workplace, but some of the tallest New Yorkers still turn to each other to get a leg up in their careers.

Thanks to the rise of social media sites such as Facebook and Twitter, dumb interview moves are taking on a new character. The urge to share everything about one's life with friends and strangers via cyberspace is invading the very private atmosphere of the recruiter's office.