Undergraduates and MBAsThe bank has done on-campus recruiting in the past; check with your school’s career center to see if it’s coming to yours. U.S. Bancorp also travels the expo and conference circuit, putting in appearances at events such as the National Black MBA Association Career Fair and the National Urban League Conference. At U.S. Bancorp, there are job opportunities for undergraduates and MBA
85WETFEET INSIDER GUIDETHE FIRMSTHE INDUSTRYstudents in consumer banking, commercial banking, corporate banking, investment and insurance sales, payment services, operations/technology/information services, private-client/trust/asset management, credit administration, and financial management and reporting.The bank offers a management-training program. Participants are assigned to a branch, where they learn on the job; they also undergo formal training. Subjects covered during the nine-month program include banking, banking products, banking sales, corporate partnerships, and leadership and management skills.Midcareer CandidatesExperienced candidates should check the bank’s website to learn about open positions and use their network of contacts to give themselves a leg up when it comes to applying for jobs.RECRUITING CONTACTSFor a list of U.S. Bancorp positions, visit the company’s website at .
86WETFEET INSIDER GUIDE25 Top Financial Services FirmsTHE FIRMSTHE INDUSTRYVANGUARD GROUP100 Vanguard Blvd. Malvern, PA 19355 Phone: 610-648-6000 OVERVIEWArrrrgh, Vanguard! The nautically fixated index-fund pioneer, Vanguard has sailed its way into being the second-largest asset manager in the country, behind Fidelity Investments. Long the fastest-growing mutual fund company in the country, Vanguard isn’t complacent about its offerings. The company also has operations in brokerage, variable and fixed annuities, and life insurance, in addition to financial planning, asset management, and trust services. Revered founding CEO John Bogle’s philosophy was to give investors a low-cost way to participate in market gains without paying high commissions or management fees. He started Vanguard in 1975 with the idea that a mutual fund should not be owned by outside stockholders. Unlike Schwab (which is a public company) or Fidelity (which is privately owned by the Johnson family and its employees), fund shareholders own Vanguard. “We serve one master—we work to build wealth for our shareholders,” an insider says. “We don’t worry about anyone else.” This ownership structure makes Vanguard the only “mutual” mutual fund company and helps keeps costs low and commissions nonexistent.INSIDER SCOOP “We are a very competitive organization, but we compete with the outside world, not internally.”When it first opened its doors, Vanguard offered 11 funds and had about $1.8 billion in assets. Today, Vanguard offers more than 143 funds to U.S. customers, plus 40 in foreign markets, and manages approximately $1.24 trillion in U.S. mutual fund assets, including more than $290 billion in employer-sponsored retirement plans. It continues to be known for its index funds,
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