A Little Worried
Hi...I am new to posting on the forum but I have been reading a lot of posts. I want to explain my situation and let the elder monkeys tell me what they think.
I was an investment banking analyst with a small bank, not a boutique, think William Blair, Morgan Keegan, etc. I left after a year for a multitude of reasons such as my team just sucked they were not trying to get business, there was no flow of information, and people did not give a fuck about the person below them or even above them. This coupled with the fact that I would spend 80-90 hours a week sitting at my cube doing pitches that my boss would never close.
After I left I did not want to go back to banking, I guess I was scarred. I actually joined a F100 company and work in their financial analyst department doing internal metrics. I picked this job for several reasons such as good pay $60,000 plus a $20,000 end of year for working 5-days a week and getting every other Friday off. Also, to be next to my girlfriend and college roommates, never a good reason but it was one of them.
I have been at this firm going onto my second year, the last year of my contract, and I have fulfilled a lot of goals of mine. I started a small non-profit and I also am going to take my CFA III next summer. The problem is I yearn for the investment world and I want to get into a HF or PE even. I have invested my own money with success, which no one cares about. However, what are my chances? I am only 25 and I have a BS in Finance from a small liberal arts school. I received a 740 on my GMAT so I guess an option is going to B-School, however, I will have my CFA and I do not want to waste my time. Will the fact that I was in IBD and left hurt me, especially since I left for non HF/PE/IBD? Any advice?
Bump please
for what it is worth...
almost all of the people that i know that work at HFs do not have banking backgrounds...
more specifically --- i do not think leaving after a year is going to hurt you.
what do you have to offer them in this market climate? One year IBD may not hurt you, but I would suggest you come up with a better spin on your story during an interview.
An MBA is really never a waste of time. Will the CFA really be of any help ?
My suggestion to you is to position your thoughts in a better format.
Give it a shot, you have nothing to lose. Good luck
Is the fact that I have been doing metric work goign to hurt? At least I have been gettign my CFA...
Anyone else care to weigh in as well?
I thought the CFA dessignation was a must for HF and also any asset management? Also, how else can I spin the fact that I left cos it sucked ass and moved on to something more interesting while I compelted my CFA?
I thought the CFA dessignation was a must for HF and also any asset management? Also, how else can I spin the fact that I left cos it sucked ass and moved on to something more interesting while I compelted my CFA?
http://news.efinancialcareers.co.uk/DEBATE_ITEM/newsItemId-9981-startRo…
Hope this helps with some insight.
I do not get Sol point in this thread...but I would say HF do prize a CFA
Can anyone else elaborate on my original question?
Your previous career choices will hurt you if you can not craft a good story as to why you did what you did. If you have sincere and valid explanations for what you did, backed by clear evidence, it will certainly not hurt (or at least minimally). If you left IBD and decided to remain unemployed for a year, I'd be suspicious. You have been active and clearly worked hard. I'd say you have a story you can tell that will make up for any possible shortcomings.
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