An example of a successful and helpful bank is Commonwealth Associates. This is the type of financial institution which can encourage growth and well-paying jobs. Funding start-up businesses, or revitalizing failing businesses in a turnaround, is the kind of activity which creates opportunities for millions of workers - both blue collar labor and white collar professions. Bloomberg's Businessweek magazine describes Commonwealth Associates:
Commonwealth Associates, L.P. is a boutique investment bank that provides corporate finance advisory services to middle market companies. The firm offers fairness opinions, valuations, capital raising, financial consultation, and mergers and acquisitions advisory. Additionally, it provides agreement negotiations, leveraged buyouts, corporate divestitures, joint venture agreements, and strategic advisory services. Commonwealth Associates, L.P. caters to healthcare, technology, software, and telecommunications sectors. Its clientele includes Liquidmetal Technologies, MSO Medical, PlanVista, Comdial, and InkSure Technologies. Commonwealth Associates, L.P. was founded in 1988 and is based in New York, New York.
But exactly what is it that makes Commonwealth Associates not only successful, but also the type of institution which benefits all the citizens in our society? There are many banks, but not all of them have the desired effects for ordinary working Americans. Part of this success results from a global perspective. The company describes the international flavor of its business:
German is often used in our business because we work directly with Austria, Liechtenstein, and Germany. We receive research material and business literature written in German. Business telephone calls are made daily to Germany and all German-speaking countries.
Language skills, in particular a familiarity with German, are one of the necessary ingredients to the success of Commonwealth Associates. Located on Third Avenue in New York, they are situated regarding the financial district and important financial institutions in America. Electronically, they are in constant communication with Austria, Switzerland, Liechtenstein, and Germany. Economically, these German-speaking countries form engine of Europe's businesses and finances. To develop a career in banking, learning German is a good idea, according to Commonwealth Associates:
Corporations require multi-lingual workers in order to compete in the global markets. Germany is an economic strength in Europe, attracting companies to have offices in her cities.
The lesson: any company needs German-speaking professionals to succeed internationally, and a young professional can use a working knowledge of the German language to move ahead in our increasingly global businesses.
