/biz/ - Business & Finance

What is it like to work in the big banking industry?

WHAT HAVE YOU DONE WITH MY 401K

I'LL DIE POOR NOW

WHAT DID I EVER DO TO YOU

OH GOD WHERE DID IT ALL GO SO WRONG

are MtG cards a good investment?

>>35291
i..i thought a few simple trades would work...guess i was wrong

>>35315
yes, if you like being poor

>>35334
GOD DAMN IT BABY BOB THIS IS THE LAST TIME I LET YOU ON E*TRADE

>>35519
aaaaand its gone!

God I love this job.

Karen, hold my calls for the next hour, come in here and give me your numnums.

>Are you from money?

>UNI?

>MBA?

>How did you get hired?

>>34984
Congrats... you're one of a fukcton of people just like you.

>>34984
Do you have a degree in math/physics or have you ever seriously studies those subjects? How many math/physics people are in your work place?

What's it like doing something that will not benefit society in any sort of way, and that the world would be better off without you or that firm?

>>34984
Have fun selling securities to strangers over the phone, making 300-600 cold calls a day for 6 months, and being told to fuck off numerous times. It's gonna suck.

I'm studying (currently distracted from studying) for the Series 66. How's it going?

>>36116
A guy I went to school with who majored in Finance got a job with Morgan Stanley. Just passed his Series 7. He literally works 60 hours per week at a bare minimum though.

>>36082
Not him, but look into quantitative analysis
Search "quants

>>36060
>first percentile rich
>many people

>>36116
>major investment firm
>cold calls

This is supposed to be /biz/

>>36163
You're not rich by anything of your own doing.

>>36163
Thanks man, i'll look in to it!

>>36150
Yeah, you don't get into IB/PE for time off and vacations. Well, actually, sort of you do... you get into IB/PE so you can vacation for 30 years after you retire at 30 years old. But until that time, you work your ass off, 60-80 hours a week, even 100. The guys I knew would have a few changes of clothes in their closets in their offices or on the back of their doors with a few pairs of shoes. I even knew one guy that slept underneath his desk a few times. lol

>>36163
Cold calling does occur at investment firms... not at MAJOR investment firms, but they do have their own form of cold calling under a different disguise, it's called Business Development. Bus. Development guys just network all day long trying to get investors. Same thing as the guys who have their Series 7 and sit there cold calling at the shittier firms.

>>36197
I'm not an investment banker, I just want to be

Finance is hands down the most relevant industry, a direct catalyst to the rise and fall of economies. It's impossible for these people not to make money

Why are you so butthurt?

>>36312
no, you don't WANT to be an investment banker. The IB guys all went into IB just so they could eventually have enough of their own capital to start and run their own hedge fund. You get into IB so you can get your own HF. Get it? The hedge fund guys always feel sorry for the IB guys who work 60-80 hrs a week and make way less.

How did you get into the field? And If you don't mind asking, what's the pay like?

>>36111
What's it like not understanding economics? Without capital markets (and the finance industry necessary to support them) financial capital wouldn't be allocated efficiently. The only people who could actually invest their savings would be the few who could afford to purchase property, plant, and equipment themselves and had the industry knowledge necessary to successfully manage the business.

With our current financial system money flows to the most profitable enterprises where it is most needed and used to purchase real capital helping that industry grow. Ordinary people become partial owners of businesses despite having small investments and little knowledge of the industry. Everyone who invests their savings benefits from the finance industry.

Countries without developed finance industries and efficient capital markets have very slow economic growth and poor upward mobility because capital is not invested where it is needed most and only a few people can afford to purchase/manage real capital.

Countries with the highest standards of living all have efficient financial markets.

Congrats on becoming a bottom-tier analyst at a "major Investment Firm" m8

>>36280
Hardly anyone can legitimately retire at 30, even the pretty successful employees. Stop spreading your bullshit.

>>36312
It's possible and extremely common for those people to not make obscene amounts of money.

>>36318
Gross exaggeration
You apparently work for peanuts, meaning you probably didn't go to a good school. Knowing that you may be recycled before a promotion, you should definitely be taking it one step at a time

>>36389
>Countries with the highest standards of living all have efficient financial markets.

I don't disagree with anything you are saying or anything you do as a profession or whatever

but correlation != causation

>>36389

Believe me, we don't need another 20-something year old fucking around with the stock market. What we need are scientists, engineers.

Believe me, one engineer is worth more than 50 of you clowns who wear $500 shoes.

>>36579
I'm calling this bait because I’m an engineer and i don't agree with this at all.

maybe there are people this retarded though

>>36596

Do you genuinely believe that some Patrick Bateman wanna-be is better for America than a civil engineer?

These people don't give a shit about you and I. They care about the green. I'm not some radical douche communist, but don't pretend that these people are extremely beneficial.

>>36619
doesn't matter, it's just how the system works and i'm not going to concern myself with it. why worry about things you can't affect at all?

besides there's lots of retarded and worthless engineers

different strokes for different folks

>>36632

So you believe it's okay for an investment firm or bank to receive a huge bailout for shit that they caused?

I've never seen a civil engineer cut corners. If that shit happened, someone would get in huge trouble. It's the opposite with Wall Street.

>>36632

>doesn't matter, it's just how the system works

That's the problem, though. People just don't give a shit.

>>36663
everyone cuts corners
everyone is 'greedy' / self-interested
there isn't some fucking war going on here

>>36675
the best chance you've got to change it is some crazy post-scracrity technocracy civilization so work on that then

or what, the worker's revolution?

>>36410
I retired at 29. I was Forbes 30 under 30, and worked with OSS Capital and Oscar Schafer and his partners before he wound down the firm to pool funds into the new one. Most of the guys I knew either "retired" or went and did something else just so they can get the fuck out of the house.

>>36894
>Only a fool would take anything posted here as fact.

>>36894
>>36915
samefag

>>36894
I always figured that people in the finance/wallstreet business(es) would never want to really 'settle down' -- sure they'd be happy to work less hours, but i i figure they'd still want to be in the business.

plus no matter how you slice it you're still going to retire at a significantly lower quality of life than you were while working. nothing wrong with it, but i figure for the same reason as above people wouldn't be a fan

>>36894
Bull-fucking-shit.

>>36929
Well yeah, most of the guys that retired only took a year off and then had enough and got jobs elsewhere. That was in 2011. I have not worked since 2011. I'm free to do whatever I want because I don't work. Only thing that sucks is that there's no money coming in, so I have to watch spending. I can't spend constantly and carelessly. I mean yeah I can buy expensive things, but the money isn't going to last very long by doing that.

>>36957
do you mind if i ask how much you budgeted for yourself in such early retirement and how you invested (or if you just made so damn much investment didn't matter) --- i suppose not much gives big returns over 8 years

>>36996
there are some people who made millions from bitcoin on 4chan, these people exist, maybe him too

>>36969 see >>36915
>>Only a fool would take anything posted here as fact.

So what is the Series 7 and 66 and such do? Why would I take such exams when I already invest on the side?

>>37005
Do you have proof of that or just what some random anon claimed?

>>37667
You can't just take those exams on a whim. You have to be sponsored.

>>37690
How does that happen? Why would I want to take the exam anyways?

>>37704
Usually you get sponsored by working for a financial firm. There are other ways too.

You'd take them if you want to provide professional financial planning type services and be allowed to sell investment products to other people.

>>34984

Congratulations on the shittiest job in finance.

Saying:

>I work for an investment bank

rather than

>I do customer service for an investment bank

lololol

Working in private asset management is where it's at.

>>34984
some client just hands you 5mil and says they want you to invest for them. what are the first few questions you should ask them?

(this is a test b/c i don't believe you)

>>37820

>Please hold, sir, while I transfer you to an investments representative who actually has a series 6 and can determine your investment needs by going down a checklist, only to recommend the same collection-of-mutual-funds with a retirement goal he recommends to everyone else.

>Neglect to mention that the dude you are transferring them to used to sell cars before this and doesn't have a college degree

>>37849
they do that over the phone these days? whatever happened to bringing them into your lavish office and having a thorough conversation about their money goals and lifestyle to determine what kind of portfolio is best for them?

>>37873

Depends on where you are at. I know Fidelity and JP Morgan try to keep everyone who has under 10 mil on the phone and not waste time by inviting them to a branch. Edward Jones iirc still mostly does door-to-door (lol, so high class, wow) and local offices. That's not to say TRowe, Fid, etc don't have branches, but they really only use them for rich people.

Also, getting to a branch takes like 3-5 years, if you are lucky.

Basically, being a financial representative used to be a hot job...30 years ago. Now it's just a call-center / customer service job with a LOT of bullshit.

>be at meeting
>boss talking about standards
>"lol garbagemen make more than us"
>everyone mad

>>37898
that's why you gotta work at a small boutique "investment advisory" firm. pretty much the same work except you actually get paid for it.

>>37911

I have heard that, but I can't speak for whether or not its true. I had a few conversations with owners of these and generally they offered less than I was making.

>>37933
did wherever you work have a minimum investment amount? Because the firms i'm talking about have like 10mil minimums and the higher ups at those take home like 5 mil a year

why are people replying to this thread with serious questions

its like im really on /b/

Where are you from fellow /biz/nessmen?

http://strawpoll.me/1162519/

i work for a testing center and get a lot of series takers. if you want to have an easy time at the center, don't be a dick to the administrator. they'll make it hard for you to take breaks if you aren't nice to them.

>>37952

The place I worked has a tiered structure:
>plebs
>250k+
>2 mil+
>10 mil+
>actually rich
>"private family offices" - people get their own representative dedicated to their family 24/7

I was working the 10mil+ group. Higher ups and line reps is a huge diff. Our higher ups pull 200k a year, it's just that it's all nepotism. There is literally no way to stand out as a financial rep (in sales there is, but thats series 6 sales). Company takes satisfaction surveys, virtually everyone surveyed (96%) says they are most butthurt about nepotism, for past 20 years.

Tbh, I am really bitter about it and hate the whole thing. My licenses expire in 2 months or something. Can't say I give a fuck.

>>37974
what's that job like? I feel like all you do is employ basic portfolio theory/asset allocation methods to decide what kind of portfolio your clients should have, then just work on making it efficient. Are you going to stay in finance when your license expires?

>>37990

You don't do anything of the sort. As a Series 7/63 rep you don't do anything except answer direct questions and place trades for people. You make no recommendations. If someone asks you if they should buy Gold you can say "Historically, precious metals have been a fair hedge against inflation, and pm prices tend to rise during recessions and depressions. I cannot say whether the trend will continue in the future. If you would like, I can send you more information on investing in gold."

As a series 6 rep you can, theoretically, make recommendations. Except you recommend that everyone invest in a mutual fund of mutual funds (as mentioned earlier) that targets a specific retirement date.

Even the guys making 200k that rose up through the series 7/63/6 route don't recommend shit.

It's a customer service job at the bottom, and a sales job at the top.

If you want to do actual finance, you go a different route. I don't know if I will stay in finance.

>>37990
>>38022

I guess I did have a few actual conversations about investing with people, but I probably could have been fired for that.

Last bitter story - a really hot, charismatic, awesome, nice, educated, smart girl was my boss. She worked at the company for 7 years, 5 years at her role making like 5k more than me. It took seven years for her to make a jump to something resembling real finance, and she herself said that it was pure luck.

Basically, people get this idea that s7/63 jobs are finance jobs - they are not.

/rant over

>>38022
>>38037
that all sounds like shit. What's the title for the job i talked about here >>37873 ? Besides being a race car driver that's pretty much my dream job

>>37873
>>38064

It's basically a high-end Series 7/63/6 job. It's called "Senior Account Executive" at the company I worked for. Keep in mind that if you search "Account Executive" at some job site, you will get a lot of bs jobs.

The thing is - if you want to be an account exec, you better know someone, or be prepared to work for it until you are 40, and do be prepared to work 14 hours a day during tax season...which is basically now to to May.

Some anon pointed out that you might get a similar job with some boutique, but imo, you need even more luck to score an actual well paying job at those.

Also, even the top guys at the firm I worked for (top 5 in world) are making maybe 200-250k.

The real money is in mergers and taking companies public, the "real" wall street jobs.

>>38022
>>38037
This isn't a totally accurate picture.
1. Your recommendations tend to be limited, because the 63 license limits you to incidental advice. For instance, how to buy/sell investments to maintain diversification. It is totally accurate to say that the average person with a 63 license is going to not actually recommend an individual stock or bond... most of the people who do would have the 66... and individual stocks take more effort than really makes sense, generally.
2. Your response would likely to be steer people away form gold, or at least that was always my reaction... because actually buying/selling gold requires a whole other license when I never had and frankly, never made sense for most people anyway. Gold is very speculative imo.

>>38083
Well then I guess the next best thing would be to kill my parents for life insurance and use it as seed capitol for my new, hot, hip hedge fun.

>>38083

Let me explain my butthurt some more, in a sentence.

>I know 22 year old analysts who make $90,000 in their first year and $120,000+ in their second

>>38091

You are stoe from /adv/? If so, you generally have no clue what you are talking about. I am not even mad, but really.

You can sell gold with 7/63. 100% know this for a fact because I did that most of my day as a senior trader.

>>38102
Yeah, same person. Also, since your title was "trader", I'm a bit curious as to who your clients were. No license would be required if you're only dealing with certain types of clients...

>>38122

My title was "Senior Licensed Financial Representative." I actually have no clue what you are talking about in terms of licensed not being required unless you are dealing with "informed investors" and under a certain number of them.

>>34984

if an option has a .30 delta what is the probability that is expires in the money?

>>38142
Idk, I've not actually worked in that industry since 2009. I remember there being a rule to that effect which didn't require a license if you were only trading with a certain type of business and I sat for my 7 at the same time as a gentleman whose business was apparently to trade securities with the type of businesses who qualified so that he did not have to have a license, but was sitting for it just so they wouldn't miss out on business if someone came along who didn't quality for the exception.

The number you're referencing I believe applies in certain states for doing business with people in other states which one is not licensed in.

In any event, I know my employer when I did this work did not sell gold anyway. I remember some people having it in their accounts, but we didn't ever do anything with it.

>>38201
Oh, and I worked for Wachovia Securities then Wells Fargo Advisors.

Not a current employee of theirs, and frankly I don't believe they can do anything about it if I share that.

Where are you from /biz/nessman?

http://strawpoll.me/1162519/

>>36280
You will NOT retire at 30. If you expect that, I think you will fail, because it seems you are just doing this because you want to get rich as fast as possible with as little mental effort as possible.

>>38199
not OP but is this a real question or do you know the answer because i wanna know the answer aswell

>>38225

I asked the question and sure I know it, that is basic entry level options math, testing if OP is legit.

>>38221

That's skewed results too, because everyone in NA who actually has a job is asleep right now.

>>38220
>>38201

Fidelity. They can't do shit about it. And yea, there is some rule like that to allow small businesses / oil exploration companies to solicit their own investors.

>>38199

Not even covered on the Series 7.

>>38235
i should read that "options made easy" book i have in my book shelf then...I always disregarded options as carrying unnecessary risk

>>38239

I posted the poll 15 hours ago

>>38254

Ah, nm then. I guess after 24 hours you will have the approximately correct ratio.

>>38239
>Not even covered on the Series 7.

so you don't know the answer then...

I would have accepted 30%

or 31-32% for a put and 28-29% on a call depending on days left to expiry.

>>38250
options have less risky than trading straight stock unless you are doing it on a dollar for dollar basis instead of a notional basis because of the leverage.

people are told by fools that don't know shit that options are risky.

if you sell a put in a stock and buy 100 shares of the stock the put would cost you ~40% of the capital to hold vs the stock in a regular margin account and if the stock went to zero you would lose less on the put than you would on the long stock.

the trade off is the stock has higher delta and infinite upside whereas the short put will move slower and has limited upside but a greater probability of success.

>>38263

I had no clue what the answer was. I know it wasn't on the test which OP claims to be taking though.

I then checked here and a few other places:
http://www.wallstreetoasis.com/forums/delta-breaking-down-the-first-of-the-greeks

What you would have accepted doesn't really matter unless you can explain the rationale to me. You have no way of knowing whether or not an option will end up in the money, since you have no way of knowing what the underlying price would be. So it's a fairly useless metric.

>>34984
What stocks should I buy?

>>38298

its calculus, nobody knows, it is derived from the bid and ask in real time. it doesn't matter what the underlying is the probabilities are the probabilities all day long. that is the beauty of options pricing. you can sell a put at .15 delta and a call at .15 delta giving you a flat delta with positive theta and a be a standard deviation away from the stock giving you a high probability of making money on the trade at around 68%. you would make money if the stock stayed where it was, went up a bit or went down a bit.

if you buy or sell a stock its 53/47 (rounded) over the long term in favor of it going up.

>>38331
Everyone in this thread should get as many people as they can to buy GOFF. I put like 2 bucks in at .25 for fun and i'd like it back plz. we can pump and dump like it's the 80's all over again.

>>38239
Oh god...

I once had a guy call up and scream at me for about 15-20 minutes because he didn't remember transferring his account from us to fidelity...

The shitty part of this job was that we were told that we were not allowed to hang up on a client unless they started swearing at us, and then we were suppose to warn them to stop.

>>38336

That's a complicated way of saying "bear straddle." You don't need all the greeks either...you just figure out potential maximal volatility of the underlying (good luck).

>>38348
but how can you warn them to stop if you already hung up on them? riddle me this fancy finance man

>>38348

Account transfers are always the worst. When I do outgoing, I just tell them worst case scenarios.

I didn't mind people yelling at me, it was good time to tune out and just start drawing or something.

Are you working at an Insurance Company and is your title Financial Advisor? If so, I have some news for you

>tfw you want to be rich
>can easily work 80+ hours a week
>IB jobs go to the people with connections or went to target schools
;_;

>>34984
>hired
All that education and you still want to work for someone else....

Any tips?

I want to work in an investement bank too, Currently working on BA in finances and working towards a Masters in Economics (Belgium)

>>39503
What languages do you speak

>>39511

Dutch,French,English,Spanish,German and learning Portuguese.

>>39517
If you move to London or New York it would be pretty easy to get a job speaking all those languages

>>38199
Not looking good, low probability

FRM in the house.

Wilmott forum is so much better than this...
People actully know what they are talking about.
I'm so tired of those crypto currency

>>39531

Cheers not that interested in London though.

I do tech support for a major investment firm; why are you guys so fucking retarded? Also, why do Asians in investment never seem to fucking sleep?

>>39545
>wants to get into finance
>doesn't want to go to a major financial center
retarded?

>>39552
Because they trade at night in our time zone?

>>39503
Don't go for just regular "Economics" - everyone and their dog is doing that. If you want to be hired by an investment bank, you need to stand out from the thousands of others applying for the same position. How do you do that? By completing a "harder" study like Econometrics / Quantitative Finance (a Dutch trip on /int/ is doing the latter on, and he got an internship in London where he'll start working after he completes his study). Generally, the more math there is in your study, the more they'd like to hire you, so studies like physics / maths work too.

Also:

http://forum.fok.nl/topic/2043543/1/2

>>39552
>mfw I've asked IT to help me set up a Webex at least 5 times

>>39573

What a coincidence I am from /int/ too nederdraad to be more specific. Thanks a bunch for the help!

I was thinking about doing Applied economics or something like that or Economical engineer.

>>39573
Banks actually like when people all majpr in the same thing because then they can easily just look at the grades since all things are close to equal

>>39531
The languages you speak don't really matter. Especially since he probably doesn't speak them all fluently.

>>39580

As long as your not the kind of faggot that acts like he knows what he's doing, despite calling us; it's cool.

>>39591

I actually do.. I am Fluent in Dutch French English and German.

French and Dutch : Born to French and Belgian parents lived in Flanders and Brussels all my life
English is a no brainer
German because 75% of my family is German and I used to spend my every summer there.

Spanish learned it in high school and have been practicing with my girlfriend (Colombian).

Portuguese is similair to French and Spanish.

>>39591
They do matter when you can put them on your resume and others cant.

Funny line from liars poker when they ask him to start calling french HNW individuals and he saus he can't

>“‘I thought you spoke French,’ he said. ‘No, that was just on my résumé,’ I said.”

>>39597
Yea, I make it clear that I don't know what I'm doing. It must suck having to deal with developers and shit

>>36389
>allocating capital efficiently

>subprime mortgages
>Greek, Italian, Spanish and Portuguese bonds

you've got to be kidding me

what you said is indeed the typical textbook explanation banks give to justify their business, which sounds good on paper but reality shows otherwise

why? because inv. banking is literally overrun by daddies little princesses..yes there is a number of msc or phd brilliant kids, but those are the ones that actually carry the business.

oh most people with a finance degree don't understand shit about economics
actually, most people with an economics degree don't understand shit about economics either
and don't get me started on international business degrees

>>39672
in their defense, textbook economics is pretty much useless for anything in todays markets so besides economics 101 there really is no need to know that much. much more important to be able to say "fuck it, this doesn't make sense but that doesn't matter. my job is to make money so I'm going to buy'em anyway." that train of thought has worked hell of a lot better than any economic analysis the last years.

I done goofed and graduated with an unfocused Economics degree and have no network. I worked in a small office, and I have (almost) landed a job at an investment firm....albeit a plebeian customer service rep.

What is my future trajectory going to look like? I just want to work in an investment bank or hedge fund....... I would rather an analyst position but my math/quant skills are shit

What do?

>>40055
>investment bank or hedge fund.

You are not getting in with that attitude for sure!

>>39902
abso-fucking-lutely

MSc in economics here and seriously, I've wasted my time and money.
Take a basic economics class, get all the instruments you need and get the fuck out of university.
>mfw I realize that all economic models are based on unrealistic assumptions
>mfw non-quant Austrian school understood the mortgage bubble long before and better than econometric fags

oh and please, engineers and physicians stick to your field so that you actually help technological progress

>autistic engineers in charge of creating models about markets psychology and social dynamics...

>>40081
Well both are prestigious, although I am well aware that hedge funds are way more lucrative and are viewed with higher rank.

Do I just network my ass off to break in? Do I study/read investment books like a mad man?

I don't know

>>36619

Finance is the only way anything gets done in this country. Take that for what you will.

>>40185

I'm curious. What are you supposed to do with the instruments you need if you can't get a job with them and have no money to invest.

>>39590
True but since most banks prefer to hire only from
certain schools, they generally have an idea of relative performance for potential candidates regardless of major. Plus having a dual major or minoring in something is a definite plus along side the typical majors that a bank sees

>>40055
Everybody and their mom wants to work at a hedge fund or investment bank (of which most wide eye applicants aren't aware of the lifestyle)

>>40201

Both. And learning more of the mathematical side of things that you mentioned earlier is only necessary if you want to be a trader, work in risk management, or at a quant desk for either a bank or h-fund

>>40250
I have no social life, I can commit 80 hours+ a week

Fell asleep

>>36044
From a middle class family
got a degree in business management from a big uni in florida
no MBA (yet)
I interview well and had some experience

>>36116
I am starting in customer service, but no cold calls. Its all inbound calls.

>>36124
Its a beast to study for...but its doable

>>37735
you gotta start somewhere kiddp

>>40513
hey man can we talk like over gmail or steam

i feel we're in a similar situation, yours prob better by a bit but still

>>40282

Easier said than done, but you may be able to handle it. Also do you generally enjoy the particular industry, or are you only interested in the money and prestige

>>40538
yeah man,

Kammandobro@outlook.com

>>40554
I have immense autism with things I like or convince myself to like. I really do like the industry - but I am not sure if that thought/belief is so intertwined and embedded in my mind due to the fact that it is where money (movement) is. And the prestige, I hate to admit it....but I'm driven by image and my ego. I hate to invoke Patrick Bateman, but that's what I want to be minus the psychotic stuff he partakes in.

Can we talk over Gmail? My handle is

kennethsbateman@gmail.com

>>40595
Be prepared to spend most of your money on cloths

>>40595
I mean there is nothing wrong with liking it because of the prestige and the money. Heck that's why I used to be interested in it and that's why practically everybody who is in it does it.

>>40620
And nice watches and shoes

>>40638
>>40620
already spend my money (not that I make much) on those things already

You guys need to give me more concrete ideas. My thought process is I'm better off working a customer service rep position in an investment firm to start than working in a random small business....what are the next actionable steps?

I have the clothes, and some untapped potential/motivation ready....

>>40664
>fossil
>fossil
>diesel

oh boy.

>>40638
Yep, I think nice shoes are the most important thing. Smart men have said that while only covering 5% of the body they make 50% of the impression

>>40664
Yea, getting your foot in the door is a good start. You won't make the jump to the money mover right away, but from customer service I would look to get into Operations where you will have more communication with sales/traders/PMs. From there you will spend most of your time being the guy for the money mover so they are willing to take you under their wing and maybe get you in there some day. It's important to never be too good at your job though. If you're too good than you will get locked in that position long term.

>>40637
So could you share how you broke in to the industry?

The best chance definitely seems like interning whilst being a sophomore/junior in college than networking your way in. I have a friend of a friend who's dad is a hedge fund manager...I think that shithead son is like a journalism major. Sigh

>>40664
>fossil
>diesel

ya done goofed

But seriously, starting at a big firm there is much more opportunity for growth and networking than at a small business. The only upside to a small business is that if it hits it big, you will be one of the top dogs who helped get it there

>>40711
I only interned at an investment bank

but the way to "break in" as with most jobs now a days is through networking (cold calls/emails, reaching out to alumni, meeting up with people over lunch or dinner, etc.). And in order to network, you have to build a solid story (experiences, skill set, academic performance, interests)

>>40695
I know it's not deluxe but I do like the variety and utility I get from multiple watches.

Inheriting a Tissot Seastar vintage from Dad and.....ordered a Tissot Visodate....I know it's still nothing but ah well. I have a Bulova Marine Star that looks like an Omega Submariner from a distance too ;)

>>40706
Definitely a balance act and sounds ironic. On one hand you want to put 100% and outperform such that you get promoted....but yeah, don't want to be locked in to that role. That sounds like a good idea

The typical career trajectories based on the info sheet was

Retirement Consultant
Retirement Sales
Client Service Manager

etc.

>>40764
Are you talking about a bank or aInvestment Advisory firm? What's the title or the position?

>>40789
the title is literally
Customer Service Representative (within Defined Contributions)

It is an investment firm with mutual funds being their main so it's not as prestigious or top tier but very reputable

>>40754
hehe thank you
The small business I'm working in, everyone makes between 30-45k except the boss who pulls in a net revenue of 5-6mil (not 100% sure how much her expenses are)

>>40773
my experiences are nil at the moment. Hoping to make the best out of the opportunity (I just am in the process of finishing a background check, etc. but it's more or less official)

>>40789
dubstepan can we talk over e-mail or steam chat

i am available at kennethsbateman@gmail.com

>>40902
It's a place to start, but I would try to get into a bank ASAP. The sales jobs at those places are just cold calling old people trying to guilt them into larger life insurance policies.

Get some experience and then look for operations or KYC analyst jobs at IBs

>>40902
Well if you have zero experience and you are trying to break into the traditional deal space side of IB, then focus on developing the skills necessary to work in that area, alongside searching for entry level/ 0 experience opportunities

>>40936
like bank of america, bank?

or would some small local savings bank be sufficient?

>>41074
An investment Bank

>>40055
Sorry bud, better luck next life. There is no path from order taker at edward jones to Blackstone or Renaissance tech. None. You need better undergrad to get a better job to get into a top MBA. You're fucked.

Possibly if you go back to school for something highly quantitative but you said your math/quant skills are bad.

"I'm the 4th best guy on my highschool baseball team, what's my trajectory going to look like? I want to play for the Yankees or the Red Sox"

>>36663
If a fucking civil engineering firm could be as essential to the well-being of the entire economy then I bet the government would step in to save that firm if it fucks something up.

You don't get how important finance markets are in developed economies. The system is flawed, sure, but what you're proposing is ludicrous.

>>41733
how about Top 10 Accounting Firm to top MBA to IB?

>>41946
Hasn't taken the necessary courses, has no internships, showed no interest in accounting before age 23 or whatever. Also, the term you were looking for was "Big 4". Probably not a viable way forward, but try it. Accounting is a decent job even if you never become a deal maker.

What did you make of wolf on wallstreet.

>>40282
As shown by your proven results at ____ & _____ oh wait you're a loser

is it possible to work somewhere in hedgefunds or investment firms without graduating from a top 50 school?

>>42239
Yes

>>42239
receptionist, tech monkey

Good luck on that 6 hr test buddy! I hope to be where you are soon!

>>40055
Should have been a finance major or accounting major

Would it be economically viable for me to mine kawaii animalcoins instead of getting a real job? I think I can live off of 13 dollars a week.

>>42123
i meant going from being transitioning from being a CPA @ GT/McGlad to Isomewhere in B after working on PE audits for 2-3 years.

>>42239
Large companies have "target schools" for operations that are basically just large universities near their operations centers. Operations isn't glamorous but it pays 40-60k and is a good way to start out.

Source: I got my offer for operations, starting salary 43k, good benefits, grad school tuition assistance, lots of retirement benefits, at one of the top investment management companies. A lot of my classmates are going to a bulge bracket IB doing the same thing, we go to a shitty state school with no national ranking.

My plan is to get my masters in finance and transfer to a better position (hopefully).

Should I invest in Eastern Poland?

>>42824
Nigga if you can live off $13 a week you should buy and sell useless shit on eBay.

>>39444
whats wrong with financial advisor?

Got Coke?

>>43350
If you're working at an insurance company with that title then it's just pure sales.

>>43350
Nothing terrible about it but its a sales job