What is Modified Duration? Modified duration, a formula commonly used in bond valuations, expresses the change in the value of a security due to a change in interest rates. In other words, it illustrates the effect of a 100-basis point (1%) change in interest rates on the price of a bond. Modified duration illustrates the…
How to Tailor Your Investment Banking Resume? The investment banking resume is unique. It’s important to tailor your resume to the industry standard to avoid being immediately deleted just because it doesn’t comply with the standard format. Here are some critical points to be aware of: Your investment banking resume must be only one page…
How to List Skills on Your Resume? One of the most important things to know as a job applicant is how to list skills on your resume. You need to create a resume when looking for a job. It is a document that covers your contact details, educational background, and other qualifications. It also includes…
Inflation Calculator This inflation calculator will help you figure out how much your money will be worth after a period of time as a result of inflation – the increase in the price level of goods over time. Check out the inflation calculator preview below: Download the Free Template Download CFI’s Excel template to advance…
What is a Functional Resume? A functional resume is one that emphasizes an individual’s set of skills. It is one of three other types of resumes, which include reverse-chronological and a combination of the functional and chronological. The chronological type is the one that highlights a person’s professional experience, starting with their latest position. While…
What is New Employee Orientation? New employee orientation is an assimilation process in which new recruits are introduced to their jobs and work environment. Through orientation, new employees become acclimatized to the company, their department, fellow workers, and job requirements. An effective orientation program provides numerous benefits, not just for the employee but also to…
Corporate Development Career Overview While large corporations will hire investment bankers to advise on mergers & acquisitions (M&A), these large corporations may also have internal M&A professionals, usually in a role known as corporate development (“corp dev”). Depending on the corporation, the corporate development role may be quite similar to being an M&A advisor at…
What is a Resume Objective? The resume objective is a brief and concise statement included in a resume to show potential employers an individual’s professional goal(s). At times, it takes a few months or even years to really figure out what career one wishes to pursue. Employers are often looking to hire candidates who are…
What is Disgorgement? In legal terms, disgorgement is an action where something is given up – namely, profits – because they were obtained illegally or unethically. The court system orders the individual or entity to give up such profits to prevent them from making unfair financial gains. Disgorgement is not a form of punishment, but…
