The Best Time of the Year to Land Yourself an Investment Banking Job

Few people know it and even fewer will admit it that bank recruitment is actually a seasonal process. If you are looking for a job in the banking sector, chances are that now isn’t the best time to start scouting.

Trends in 4 Major Investment Banks

Based on the trends exhibited by 4 major investment banks – Goldman Sachs, Credit Suisse, Deutsche Bank and UBS, October to December is literally considered to be a “cold season” in the field of bank recruitments. In fact, as per trends that have been tracked since 2010, these are the months when the maximum number of staff is slashed from the banks.

This trend tends to continue up until the end of the first quarter in March. The fact of the matter is that the only time of the year when banks welcome new recruits is in Quarter 3 between July and September. When comparing the 4 year trend between these 4 major banks it was found that the overall average firing of staff in Q4 (October through December) was a whopping 239 employees. In Q1 (January through March) these figures went slightly down to 175 employees being let go off. While the number reduces significantly in Q2 (April to June) to 29, the only quarter through the year that represented staff additions is Q3 when an average of 189 new employees were recruited for the year.

What Makes Quarter 3 so Special?

July through September is considered to be the best time of the year to recruit because graduate and MBA hires tend to start work now. Furthermore, most banks make it mandatory for employees to serve a three month notice period. This means that bankers that apply for new positions in new companies in the beginning of the year start receiving their offers by the end of the first quarter, after which the 3 month notice is served until late June or early July before they are able to start their new jobs.

Landing a Banking Job

So does this mean that you just sit back and wait for the season to arrive? The answer obviously is, no. Depending on whether you are fresh out of college of B-school, or have already ventured into the banking world, you need to put in effort all year round. If you show some interest, and connect with people to meet with potential employers, you will find that they are more than happy to arrange a meet with you.

Furthermore, it is not necessary that you need to be a scholar from an Ivy League to get a good career in investment banking for yourself. Work hard towards preparing and qualifying yourself for the kind of job you are looking for. The idea is to stack the odds in your favor.

How to Extend the Life of Your Tires

In order for a vehicle to provide a smooth ride, the tires need to be in good condition. Here are some proven ways to extend tire life:

Keep the Tires Inflated

Drivers can save a lot of money by simply keeping their tires inflated to the recommended pressure. If the tires remain properly inflated at all times, tire life can actually be extended by more than 10,000 miles. Using a digital tire pressure gauge, check the pressure of each tire before driving the vehicle. Inspecting the tire pressure about every two weeks is a great way to prevent any unnecessary tire wear.

Get the Wheels Aligned

The wheel alignment of a vehicle has a major influence on the condition of the tires. The amount of tire wear can be decreased significantly by obtaining a wheel alignment at least once a year. If a vehicle becomes difficult to steer in a straight line, this is an indication that the wheels may need to be realigned.

Rotate the Tires

The purpose of a Pittsburgh tire rotation is to ensure an equal amount of wear on all of the tires. For example, a front-wheel drive vehicle is powered by the front wheels, which subsequently experience more stress than the back tires. A good rule of thumb is to have the tires rotated at the time of an oil change.

Balance the Tires

When a tire is installed, small weights are placed on it to balance out the air pressure. However, rough pavement can cause these weights to suddenly fly off the tire. If vibrations are being felt through the steering wheel, one or more of the tires may have become unbalanced. Tire balancing could add an extra 5,000 miles onto the lifespan of the tires.

Looking Beyond the Price Tag

Consumers who are shopping for brand new cars need to look beyond the price tag that’s on display at the showroom of a dealership. The truth is that the overall cost of car ownership is an important factor that must be evaluated during a car shopping process. First and foremost, the fuel economy is perhaps the most important issue to consider in the cost of long-term ownership.

Most auto makers strive to produce efficient engines to help convince buyers to make a purchase. In other words, fuel economy could be a deal maker or breaker in the extremely competitive automobile market. These days, compact cars and midsize sedans easily boast up to 40 mpg on the highway according to Environmental Protection Agency estimates. Even some full-size sedans can get just over 30 miles per gallon on highways. With the prices of fuel rising, buyers are conscious about the long-term expenses of filling up their tanks. Sport utility vehicles and pickup trucks are notorious gas guzzlers. When buying such models, customers should be prepared to spend hundreds of dollars per month just on fuel. The type of fuel grade also plays a role in long-term vehicle cost of ownership. A difference between 87 and 93 octane fuel can cause a difference of thousands of dollars per year on refills.

A car warranty is another factor that goes into cost of ownership. Most new vehicles come with limited-time factory warranties that cover major repairs on most systems, including the engine, exhaust, brakes and more. Therefore, the length of the warranty can correlate with major savings on expenses and repairs. Naturally, the most affordable cars come with extended warranties that last beyond five years or up to a certain mileage, such as 100,000 miles. A side by side car comparison should be done with cost of ownership when you start shopping. Even minor expenses such as routine maintenance and service could accumulate to thousands of dollars over the course of several years. Tire replacements and rotations also do not come cheap for most car models.

How to Save on Gas – Uncommon Ways

Browsing through this website has given you a few tips on how to reduce the cost of fuel in your everyday life – from planning your route smartly to changing your tires more often, or even braking more efficiently. In this piece, though, I will describe a few less common ways you can save on gas – I hope you will find them useful. Let’s begin.

1. Lose the wheels

The best way to reduce your car’s fuel consumption is to leave it in the garage. OK, I know, there are many situations in which you need to drive, but several times it’s much more efficient to choose an alternative means of transportation – like, riding a bike.

For a quick trip to the grocery store for a pack of smokes or a six-pack of lager you don’t need to drive – these products fit comfortably into a backpack. Besides, you don’t just save fuel by riding a bike – you also do some exercise.

Studies have shown that riding a bicycle is among the most efficient ways of transportation in urban areas, especially where bike trails are existent.

2. Plan ahead

Never take one trip to solve one issue – try to group them in batches so you can use your time and fuel more efficiently. Don’t take the kid to school and drive home, then drive to the bank, and drive home, and drive to the supermarket, and drive home again just to drive to the school, and take the kid home – this is the most wasteful way you can travel.

Instead, plan your itinerary so you can settle multiple things with one trip, one stop each. Say, if you leave the kid at school at 8, you can do the shopping until 9, when the bank opens, so you can be there at 9:15, solve the problems there and others at hand. Saving a trip through the traffic means more fuel left in your tank, and less money to leave your pockets.

3. Use the force of the Internet, Luke!

There are so many things nowadays that you can order online instead of going out to buy them. Shoes, clothes, games, even groceries can be ordered by just a few clicks, and delivered – often free of charge – to your doorstep.

Instead of driving to the mall to buy a new blouse, or taking your monthly visit to Walmart, try ordering online – you can save, and most of the times not just the gas money.

Besides, the internet is good for so many other things – visit galleries, listen to concerts, play poker or blackjack at the red flush casino, or even visit your friends using Skype and a webcam. I wouldn’t recommend this last one, though, unless you are a hermit – but then you don’t travel anywhere, so you don’t need gas at all, right?

Buying the Best Used Car for Your Needs

Source: Wikipedia

Source: Wikipedia


Buying a used car in Canada will give you the independence you need at an economical price. Used cars can be a great deal for the money, and there are many well-maintained cars that will provide you with a great source of transportation. Finding the right used car means matching the right car to your individual needs.

Start With a Budget

Your budget will be the determining factor in which car you ultimately choose. When it comes to used cars, a car that is between two and four years old will offer the best value for the money. These cars often come with the original warranty which can save you on annual repair costs. A late model used car may also offer the same features as its brand new counterpart.

Understanding what car you can afford will help you to save money if you are planning to finance your purchase. Beware of simply looking at the monthly payments when planning your car purchase. Factor in the cost of monthly maintenance, licensing, insurance and taxes. These costs add up quickly and can easily take a bite out of your budget.

Give it a Spin

Test driving a car is an important part of the buying process. This will give you an idea of how well the car drives and whether it has any mechanical issues that should be addressed. Many people visit a mechanic with the car before making a purchase decision. Your mechanic will determine whether the car will need major repairs and can give you recommendations on the car’s stability and performance.

Be Prepared to Negotiate

The key to winning the car buying game is to negotiate from a position of strength. If you are desperate for a new car and short on cash, you will be at a disadvantage when it comes to buying. Don’t be in a hurry to buy the car and be prepared to walk away if you don’t get a deal that matches your needs. If you are planning to finance a car, it helps to know your credit score and secure financing before you get to the dealership.

Buying a used car can mean newfound independence and freedom. A used car can give you years of enjoyment in addition to being a reliable source of transportation. Do your homework before shopping for your used car and find the car that will best fit your needs. Be prepared for the negotiation process and know your financial standing before going to the dealership.

There are many great certified pre-owned and used cars on the market, and finding one that will meet your needs is simple. There are many research sites online that will match you with the perfect car for your budget.


Fuel Saving Questions and Answers for Summer Travel

Hopefully you’re having a wonderful summer. Gas prices have remained relatively stable, which means to say that they’ve remained at their high price but haven’t gone much higher. Many people traveling a lot this summer are doing their best to squeeze as many miles out of their fuel dollars as possible and, to that end, we have  answers to a number of questions about fuel saving and summer travel in today’s blog. Enjoy.

Question: What’s the overall best way to cut down on fuel costs?

Answer: Drive slower. In test after test performed  around the country, it was found that driving your vehicle slower, especially on the highway, can increase your car’s fuel efficiency between 10 and 15%, and sometimes more. One  study found that when a typical vehicle increases from 55 mph to 75 mph on the highway, it’s similar in gas usage  to switching from a compact car to a large SUV or truck. Even going 10 miles an hour higher, from 55 to 65 mph, can lower your fuel economy up to 8 miles per gallon. So if you want to save gas, simply drive slower.

Question: What should I do if I want to carry things on the roof of my car?

Answer: Purchase an aerodynamic container or use your trunk space. Today’s modern vehicles are aerodynamically designed to reduce drag and increase gas mileage. Even adding a roof rack with nothing on it can lower your car’s fuel efficiency by up to 5% but, if you carry a lot of stuff on your roof like bicycles, kayaks and luggage, you can see an unbelievable drop in mileage of almost 20%. Whenever possible, use the storage space inside your car instead of the roof.

Question: Which is better, using A/C or opening the windows?

Answer: The difference, unless you are traveling at a very high rate of speed, is negligible. Most studies done to determine whether air-conditioning or open windows use more gas have found that the difference between either one is negligible. The only time there was a measurable amount of difference, approximately 4%, was when a car was being driven above 65 miles an hour with the windows open,  which would make using the A/C on the highway a better gas saver. In every other situation it’s pretty much the same.

Question: When my low fuel warning light flashes, how far can my vehicle still drive?

Answer: Between 25 and 40 miles depending on the vehicle. Frankly, there’s no set rule and all cars are different. Most will still have between 1 and 2 gallons of fuel left when the low fuel light starts blinking so the best thing to do is determine how far your vehicle can go on a gallon gas and figure it out from there. Even better is to never wait until your low fuel light starts to blink to begin with.

Question: Does installing a specialty air filter improve gas mileage?

Answer: In modern cars, no.   Today’s modern cars use computers to automatically control their engines and maintain the correct air to fuel ratio. Installing “specialty” air filters won’t affect your mileage one way or another but, depending on their cost, might just make a dent in your pocketbook.

Question:  Can debris in my fuel tank hurt my car’s engine?

Answer: Probably not. Most of today’s modern cars have a fuel filter in the gas line and the gas tank, making it unlikely that any debris that might be in your tank will ever make it to your engine. Also, unless your car is exceedingly old, any driving causes enough movement in your gasoline that debris there won’t be able to settle anyway.

Those are some of the most asked questions about fuel and fuel economy that we see on a regular basis. Hopefully the answers have enlightened you as to how you can stretch every mile out of every gallon of gas. Happy driving!

Do your Tires really affect your gas Mileage?

Okay, so you’ve heard that under or over-inflated tires can affect your gas mileage. Did you know however that the size of your tires, their weight and the type of tread that they have all impact fuel efficiency as well?

A lot of things affect your gas mileage, including driving in cold weather, your speed, the amount of air drag on your vehicle, how well your engine is tuned and many other factors. It’s been calculated that just the combination of heavy braking and quick acceleration can decrease your mileage by almost 30% when traveling on the highway.

It’s also been calculated that the size of the tires you use, and their overall design, can have a 4% to 7% impact on your fuel economy. This differs slightly depending on whether you’re driving around town or on the highway. Also, while using larger tires will usually reduce fuel efficiency, the actual design and construction of your tires can sometimes offset the loss due to their larger size.

The impact that “rolling resistance” has on your fuel efficiency can be quite high. This is caused by the amount of friction or resistance that your tires cause when contacting the road and, since larger, heavier and wider tires contact the road more than smaller, lighter and thinner tires, they create more friction and thus decrease your fuel economy.

Interestingly, the tires used on race cars, called “slicks”, have no tread at all and are the best for fuel economy. The problem is that, without tread, they are also much more dangerous because they don’t “hold the road” well. In effect, your tire’s treads reduce your gas mileage but increase your car’s safety factor greatly and thus are a necessary evil.

There are tires that have been designed for better fuel efficiency however, and usually they have a tread that is shallower and they’re made of materials that generate less friction and thus less heat when driving. Usually the best tires for fuel efficiency are the ones that come “stock” with your car from the factory. The reason is that automobile manufacturers want to be able to get the highest miles per gallon possible when they undergo US Environmental Protection Agency tests.

What this means is that, when you go to replace the tires that came with your car, you should definitely ask the tire vendor you plan to use to give you advice on which tires have the best (i.e. lowest) rolling resistance.

Finally, as we mentioned earlier and as (hopefully) most of you know, properly inflating your tires is the best way to make sure that you get the highest gas mileage as well as protect your tires and make sure they last as long as possible. Every car owner should have a tire pressure gauge in their glove compartment to be able to check their tires at least once a week. The best time to do this is before you drive when the tires are cool.

It’s been calculated that you will save as much as 3% when driving on tires that have been properly inflated, which can amount to quite a bit of money if you do a lot of driving.

Consumers Should Take Advantage of This

Consumers can easily take advantage of special offers throughout the U.S. automobile market. On major holidays, there are plenty of nationwide discounts and other special promotions available on car leases and purchases. It is a tradition for car dealerships to mark down prices significantly during major holidays like Christmas, Independence Day and Thanksgiving. Local dealerships team up with auto manufacturers to come up with exciting ways to attract new customers.

For example, some dealers might host special events like barbecue cookouts during summertime holidays. Of course, the ultimate goal is to sell brand-new cars that are nicely displayed in the parking lots. However, auto dealers understand that customers should have a good time in order to show some interest in buying new vehicles. Zero money down is one common offer made during special promotional periods at car dealerships. Zero percent APR is available for a limited length of time, such as 12 months for a financing term that’s 48 months in total.

These days, consumers do not always have to visit a car dealership right away in order to browse a selection of models that are up for sale. Websites are loaded with listings of all the cars in stock in local dealerships. A simple entry of a zip code can yield results featuring the nearest car dealers within a maximum radius from a customer.

When browsing virtual listings, customers can reserve some cars online. Several days are given for patrons to visit a dealership and test drive the reserved vehicle. Communication by email, text message and phone is available when making reservations on cars that are part of a local dealer’s inventory. The MSRP of a brand-new vehicle is typically negotiable. However, the addition of feature packages obviously brings up the price significantly. At the same time, customers can request that certain optional features be removed or substituted in order to adjust the final sale price according to a specific budget. Exploring Toyota Land Cruiser offers and other deals is one way to make buying or leasing full-size sport utility vehicles more budget-friendly.

The Longest Lasting Cars on the Road

While most people talk about how to save a few dollars on gas, the real savings when it comes to an automobile is holding onto a car for as long as possible and, as long as it isn’t costing you a lot for maintenance, driving that sucker until the wheels fall off.

With that in mind, we put together a list of the longest lasting automobiles on the road today, as per the data that was recently released by  If you’re looking for a vehicle that will last you from now into the next decade and further, these next five cars should be high on your list of the ones to buy. Enjoy.

The Subaru Outback is one of the best cars to purchase if you’re an outdoor enthusiast because it has standard all-wheel drive and, while the interior isn’t what you call luxurious, it is very capable and practical. What’s even more impressive is that quite a few of these excellent cars make it to 200,000 miles.

A big surprise, especially for people who love to bash the American automobile industry, is that the Ford Taurus actually was tied with the Honda Civic and Acura TL for reliability, and the ability to put 200,000 miles on its odometer.

Speaking of the Acura TL, it’s not  surprising to see one of them reach 200,000 miles when you consider that Honda has been making reliable cars for decades. Acura is their luxury line and the apple didn’t fall far from the tree as far as quality is concerned when they made these cars.

Of course any list of reliable, long-lasting cars wouldn’t be complete without the Toyota Camry but, truth be told, it’s only slightly ahead of Acura, Honda and even Ford when it comes to vehicles that have reached or exceeded 200,000 miles on their odometer. Still, it’s America’s best-selling car for something, and longevity is a big part of the equation.

We already mentioned the Honda Civic, one of the best-selling models from one of the best-selling automobile brands in the world. Although it’s tied with the Acura TL as far as the percentage of cars that reach the 200,000 mile mark, the numbers are a bit skewed because the Civic sells a lot more than the TL.

While the Altima is one of the best selling cars in the country, it’s the Nissan Maxima that appears to be hitting 200,000 miles more often. It’s on the same par with the Toyota Camry, although it does sell in lower volumes that either the Altima or the Camry.

Lastly there’s the Honda Accord which, not surprisingly, is the number one longest lasting car on the road with nearly 2% of all Accords hitting the 200,000 mile threshold. This simply backs up what’s been known and said about Honda for the last few decades, that they make some of the most reliable and long-lasting vehicles in the world.

Saving Fuel Requires Lighter Cars

What’s the best way to get better mileage out of our automobiles? Make them as light as possible.

Think car roofs made out of carbon fiber, bumpers created from aluminum foam and windshields made out of plastic. The fact is, even though hybrid and electric cars are in the news, lighter materials are the real “final frontier” for fuel economy.

Known as “lightweighting” among automakers, experiments have been going on for decades to bring that weight of automobiles further and further down. With the new, tougher gas mileage standards that have recently been adopted the effort has definitely gained a bit of urgency of late. The fact is that most cars will need to lose a lot of pounds in order to meet the government’s 2025 fuel economy goals.

For those people that are concerned, the fact is that lighter cars don’t mean cars that are less safe. In fact, many of the cars being made with these new, space age material are doing quite well in government crash tests. Roughly 30% of the new vehicles already being made today have aluminum hoods that are as impact resistant as steel, and a number of auto manufacturers have teamed up with airplane manufacturers in order to get their data from years of lightweight material crash testing.

Developed in concert with the US Department of Energy, the Ford Fusion lightweight prototype car weighs approximately 800 pounds less than the Fusion already on the road, thanks to carbon fiber instrument panel, a rear window made from the same thin plastic that covers cell phones and aluminum brake rotors that are nearly 40% lighter than cast iron.

Due to all of these lightweight materials the new Fusion can use the same engine as the Ford Fiesta, an automobile that gets about 45 mpg on the highway already.

Of course the one drawback that it has is that these lightweight materials are ridiculously expensive. For example, the carbon fiber frames used for the seats are approximately $73 each, compared to the steel frames normally used that are priced at approximately $12.

This isn’t stopping automobile manufacturers however as they are constantly looking for newer materials that not only shave weight but also cost.

Matt Zaluzec, the technical leader for materials and manufacturing research at Ford, says that “These are the technologies that will creep into vehicles in the next three to five years.”

The 2013 Range Rover from Land Rover is a great example. When it was put on sale last year it featured an all-aluminum body and other lightweight components that enabled Land Rover to make it 700 pounds less than its predecessor.

It’s been estimated by Morgan Stanley that, if 1 billion cars on the world’s roads rose today were made lighter by only 110 pounds, upwards of $40 billion would be saved in fuel every year.

“Lightweighting is going to be with us for a long time,” said Hesham Ezzat, a technical fellow at GM. “Every manufacturer is going to have to leverage their entire palette of materials.”

So it seems that, even if they might not be looking for the better, renewable fuels, at least auto manufacturers are doing their best to design cars that are lighter and use less of the fuels we are already using.

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