Pages

  • Sharebar

I'm gonna start off by talking about myself a little bit. I'm 16 years old and I'm a junior in a high school in the suburbs surrounding NYC (Long Island). I come from a working class family where we get by, but things can get pretty tight at times. I really have a strong interest in finance, and it's not just the money, I really find economics and finance very interesting,

I even have a virtual trading account and I'm beating all of the indexes significantly this year! I know a lot about the markets as well, because I follow them religiously and read about investing and business as much as I can; my friends even make fun of me because of how much I know about business and investing.

I have really good grades right now and I hope I can get into a good College like NYU or even Wharton. Alright, I know that long term I would like to start and manage a hedge fund, but I don't know exactly what I should do after college. Should I get a job in IBD or maybe trading? Which one will help me with my long term goal of becoming a HF manager? Also what is compensation like for S&T? I hear that it's like $80k before bonus, but just how high can your bonus be? I like prop trading, but I doubt that's gonna be around long with all this crap the Obama Administration is implementing like Dodd Frank and the Volcker Rule. When it comes to work/life balance or hours, I really don't care at all as long as I'm making good money and learning a lot. I'd rather sacrifice my time while I'm young and I can handle it, so that I can enjoy the finer things in life in the future.

My plan for a while was this:
-Go to college and major in Finance, Math, Economics
-Hopefully land a job at one of the big banks, Goldman or UBS either as a trader or banker (still not sure which one!)
-Slave away for 2-3 years and then get an MBA
-Keep working at a bank or move to a HF. After doing this for another 5-7 years I would like to start my own HF when I'm in my low to mid 30s
-Then get crazy returns and grab a spot on the Forbes 400!

Ok, the last one might be pushing it a little bit, but hey, you never know!

I know that none of this will be easy and I will have to work really hard, but I'm willing to do whatever it takes because this has been my dream for a while now and I can't see myself doing anything else.

1 12

Comments (151)

  • seabird's picture

    Awaiting for the shit show to commence.

    “...all truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.”

    - Schopenhauer

  • BlackHat's picture

    I can't do this anymore. I just can't.

    I hate victims who respect their executioners

  • turtles's picture

    It's great that you're putting so much thought into your professional aspirations but please, for your own sake, enjoy the last summer of your life. Go talk to some girls or something. Go to the beach, I don't know. Oh, the things I would do to go back to high school... You won't appreciate it till it's over.

  • bullbythehorns's picture

    Here's the thing. If you can't spot the sucker in the first half hour at the table, you are the sucker.

  • GoW's picture

    coolstory, bro. tell it again.

  • bullbythehorns's picture

    but seriously? Learn to program

    Here's the thing. If you can't spot the sucker in the first half hour at the table, you are the sucker.

  • In reply to GoW
    swagon's picture

    God of Wine:
    coolstory, bro. tell it again.

    I'm gonna start off by talking about myself a little bit. I'm 16 years old and I'm a junior in a high school in the suburbs surrounding NYC (Long Island). I come from a working class family where we get by, but things can get pretty tight at times. I really have a strong interest in finance, and it's not just the money, I really find economics and finance very interesting, I even have a virtual trading account and I'm beating all of the indexes significantly this year! I know a lot about the markets as well, because I follow them religiously and read about investing and business as much as I can; my friends even make fun of me because of how much I know about business and investing.

    I have really good grades right now and I hope I can get into a good College like NYU or even Wharton. Alright, I know that long term I would like to start and manage a hedge fund, but I don't know exactly what I should do after college. Should I get a job in IBD or maybe trading? Which one will help me with my long term goal of becoming a HF manager? Also what is compensation like for S&T? I hear that it's like $80k before bonus, but just how high can your bonus be? I like prop trading, but I doubt that's gonna be around long with all this crap the Obama Administration is implementing like Dodd Frank and the Volcker Rule. When it comes to work/life balance or hours, I really don't care at all as long as I'm making good money and learning a lot. I'd rather sacrifice my time while I'm young and I can handle it, so that I can enjoy the finer things in life in the future.

    My plan for a while was this:
    -Go to college and major in Finance, Math, Economics
    -Hopefully land a job at one of the big banks, Goldman or UBS either as a trader or banker (still not sure which one!)
    -Slave away for 2-3 years and then get an MBA
    -Keep working at a bank or move to a HF. After doing this for another 5-7 years I would like to start my own HF when I'm in my low to mid 30s
    -Then get crazy returns and grab a spot on the Forbes 400!

    Ok, the last one might be pushing it a little bit, but hey, you never know!

    I know that none of this will be easy and I will have to work really hard, but I'm willing to do whatever it takes because this has been my dream for a while now and I can't see myself doing anything else.

  • melvvvar's picture

    i'll bore you when you become successful

  • In reply to bullbythehorns
    tctc33's picture

    bullbythehorns:
    but seriously? Learn to program

    This. If I could go back and give my 16-year-old self some advice, much of my career-related counsel would be "Look - go after finance if you want, but make sure you can program."

  • In reply to swagon
    GoW's picture

    swagon:
    God of Wine:
    coolstory, bro. tell it again.

    I'm gonna start off by talking about myself a little bit. I'm 16 years old...

    Damnit, Swagon. I just laughed in a room full of people.

  • In reply to swagon
    rufiolove's picture

    swagon:
    God of Wine:
    coolstory, bro. tell it again.

    I'm gonna start off by talking about myself a little bit. I'm 16 years old and I'm a junior in a high school in the suburbs surrounding NYC (Long Island). I come from a working class family where we get by, but things can get pretty tight at times. I really have a strong interest in finance, and it's not just the money, I really find economics and finance very interesting, I even have a virtual trading account and I'm beating all of the indexes significantly this year! I know a lot about the markets as well, because I follow them religiously and read about investing and business as much as I can; my friends even make fun of me because of how much I know about business and investing.

    I have really good grades right now and I hope I can get into a good College like NYU or even Wharton. Alright, I know that long term I would like to start and manage a hedge fund, but I don't know exactly what I should do after college. Should I get a job in IBD or maybe trading? Which one will help me with my long term goal of becoming a HF manager? Also what is compensation like for S&T? I hear that it's like $80k before bonus, but just how high can your bonus be? I like prop trading, but I doubt that's gonna be around long with all this crap the Obama Administration is implementing like Dodd Frank and the Volcker Rule. When it comes to work/life balance or hours, I really don't care at all as long as I'm making good money and learning a lot. I'd rather sacrifice my time while I'm young and I can handle it, so that I can enjoy the finer things in life in the future.

    My plan for a while was this:
    -Go to college and major in Finance, Math, Economics
    -Hopefully land a job at one of the big banks, Goldman or UBS either as a trader or banker (still not sure which one!)
    -Slave away for 2-3 years and then get an MBA
    -Keep working at a bank or move to a HF. After doing this for another 5-7 years I would like to start my own HF when I'm in my low to mid 30s
    -Then get crazy returns and grab a spot on the Forbes 400!

    Ok, the last one might be pushing it a little bit, but hey, you never know!

    I know that none of this will be easy and I will have to work really hard, but I'm willing to do whatever it takes because this has been my dream for a while now and I can't see myself doing anything else.

    I don't know why but that killed me

  • chabo11's picture

    honestly, if you pump the brakes a bit things will come easier. if you plan your life out year by year and job by job, you'll just be depressed when there's a bump in the road or something like 2008 happens again. Ambition is great, but be flexible about your life. Instead of watching CNBC and Bloomberg, make bad decisions and enjoy your last few summers of freedom.

    See my WSO blog

      "The only thing that interferes with my learning is my education." Albert Einstein
  • Human's picture

    OP: one step at a time. Get into a top school first. We can talk later. Get out, get a girlfriend and travel a bit more. Talk to more people. You will see many people make their living differently.

    "I am the hero of the story. I don't need to be saved."

  • swagon's picture

    CornerOffice21:
    my friends even make fun of me because of how much I know about business and investing.

    "hey guys did you see that facebook IPO? analysts thought it'd be a huge boom but it's down like 10%!!! omg!!!"

    "John, seriously, we get it, you like stocks and shit...no one cares dude"

  • In reply to swagon
    CornerOffice21's picture

    swagon:
    CornerOffice21:
    my friends even make fun of me because of how much I know about business and investing.

    "hey guys did you see that facebook IPO? analysts thought it'd be a huge boom but it's down like 10%!!! omg!!!"

    "John, seriously, we get it, you like stocks and shit...no one cares dude"


    I said almost exactly that haha!

    Rules are for the obedience of fools and the guidance of wise men.

  • In reply to CornerOffice21
    Texas Tea's picture

    CornerOffice21:
    swagon:
    CornerOffice21:
    my friends even make fun of me because of how much I know about business and investing.

    "hey guys did you see that facebook IPO? analysts thought it'd be a huge boom but it's down like 10%!!! omg!!!"

    "John, seriously, we get it, you like stocks and shit...no one cares dude"


    I said almost exactly that haha!

    Not sure if serious

  • Human's picture

    Patrick, did you just hire someone from #WheninFinance to post this entry? I don't know whether I should take OP seriously or not. It is only Tuesday, Patrick. I still have a long week to go. Spare me.

    "I am the hero of the story. I don't need to be saved."

  • In reply to swagon
    sambotanman's picture

    swagon:
    CornerOffice21:
    my friends even make fun of me because of how much I know about business and investing.

    "hey guys did you see that facebook IPO? analysts thought it'd be a huge boom but it's down like 10%!!! omg!!!"

    "John, seriously, we get it, you like stocks and shit...no one cares dude"

    ...I need a LIKE button.. badly.. funniest quote

  • In reply to Texas Tea
    CornerOffice21's picture

    ccrosb:
    CornerOffice21:
    swagon:
    CornerOffice21:
    my friends even make fun of me because of how much I know about business and investing.

    "hey guys did you see that facebook IPO? analysts thought it'd be a huge boom but it's down like 10%!!! omg!!!"

    "John, seriously, we get it, you like stocks and shit...no one cares dude"


    I said almost exactly that haha!

    Not sure if serious


    My friend said something about fb going public and he didn't know exactly what it meant so I explained it to him and said the stock sucks and it was down 10%.

    Rules are for the obedience of fools and the guidance of wise men.

  • Matrick's picture

    when you are accepted at a university that is a target and have successfully completed your first year, you can come back and re-start this thread.

    I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing.

    See my Blog & AMA

  • In reply to CornerOffice21
    Texas Tea's picture

    CornerOffice21:
    ccrosb:
    CornerOffice21:
    swagon:
    CornerOffice21:
    my friends even make fun of me because of how much I know about business and investing.

    "hey guys did you see that facebook IPO? analysts thought it'd be a huge boom but it's down like 10%!!! omg!!!"

    "John, seriously, we get it, you like stocks and shit...no one cares dude"


    I said almost exactly that haha!

    Not sure if serious


    My friend said something about fb going public and he didn't know exactly what it meant so I explained it to him and said the stock sucks and it was down 10%.

    Still not sure

  • BlackHat's picture

    We're all getting trollololol'd

    I hate victims who respect their executioners

  • TonyPerkis's picture

    Op if you were legal I'd be all over you

    I eat success for breakfast...with skim milk

  • In reply to TonyPerkis
    CornerOffice21's picture

    DeanPortman:
    Op if you were legal I'd be all over you

    What?

    Rules are for the obedience of fools and the guidance of wise men.

  • Aldrich IV's picture

    Thought I was going to read about a 16 year old who started a Hedge Fund.

  • IlliniProgrammer's picture

    "Not to feel exasperated or defeated or despondent because your days aren't packed with wise and moral actions. But to get back up when you fail, to celebrate behaving like a human—however imperfectly—and fully embrace the pursuit you've embarked on."

    -Roman Emperor Marcus Aurelius, Meditations, ca 170 AD

    Set a *direction*, not a goal, and keep plugging away at it. If you like finance, head in that direction, but focus on the here and now and the next steps and what interests you.

    Now put that nose to the grindstone and start plugging away on the Econ AP summer project your teacher gave you.

  • In reply to IlliniProgrammer
    CornerOffice21's picture

    IlliniProgrammer:
    "Not to feel exasperated or defeated or despondent because your days aren't packed with wise and moral actions. But to get back up when you fail, to celebrate behaving like a human—however imperfectly—and fully embrace the pursuit you've embarked on."

    -Roman Emperor Marcus Aurelius, Meditations, ca 170 AD

    Set a *direction*, not a goal, and keep plugging away at it. If you like finance, head in that direction, but focus on the here and now and the next steps and what interests you.

    Now put that nose to the grindstone and start plugging away on the Econ AP summer project your teacher gave you.


    Thank you! Finally something positive so I'm not being completely trolled.

    Rules are for the obedience of fools and the guidance of wise men.

  • WSOusername's picture

    My only goal at your age was to figure out what a vagina felt like....I'm not sure if I applaud you or pity you

    GBS

  • In reply to WSOusername
    Relentless101's picture

    GoldmanBallSachs:
    My only goal at your age was to figure out what a vagina felt like....I'm not sure if I applaud you or pity you

    This kid doesn't have time for such shenanigans. Plus 100k and my left nut says he is jerkin it to Wall Street Money Never Sleeps right now.

  • streetwannabe's picture

    UBS is a great bank? What the fuck? Troll.

    "History doesn't repeat itself, but it does rhyme."

  • Human's picture

    "I am the hero of the story. I don't need to be saved."

  • In reply to Human
    Relentless101's picture

    Human:

    Funniest thing I have ever seen! Made me cry. +1 if I had one.

  • In reply to Relentless101
    CornerOffice21's picture

    Relentless101:
    GoldmanBallSachs:
    My only goal at your age was to figure out what a vagina felt like....I'm not sure if I applaud you or pity you

    This kid doesn't have time for such shenanigans. Plus 100k and my left nut says he is jerkin it to Wall Street Money Never Sleeps right now.


    LMFAO!

    Rules are for the obedience of fools and the guidance of wise men.

  • In reply to BTbanker
    CornerOffice21's picture

    Connor:
    BlackHat:
    We're all getting trollololol'd

    I came to that conclusion when he mentioned the Volcker rule. No highschooler knows what that is.

    Yeah, they probably don't but I do because like I said, I have taught myself a lot about finance. I have a subscription to Forbes Magazine which talks a lot about this field, I visit all different investment websites like finviz.com, investopedia, CNBC, I pick up The Wall Street Journal a couple times a month.

    As far as proving I'm in High School, there's really not much I can do there.

    Rules are for the obedience of fools and the guidance of wise men.

  • In reply to CornerOffice21
    BTbanker's picture

    CornerOffice21:
    Connor:
    BlackHat:
    We're all getting trollololol'd

    I came to that conclusion when he mentioned the Volcker rule. No highschooler knows what that is.

    Yeah, they probably don't but I do because like I said, I have taught myself a lot about finance. I have a subscription to Forbes Magazine which talks a lot about this field, I visit all different investment websites like finviz.com, investopedia, CNBC, I pick up The Wall Street Journal a couple times a month.

    As far as proving I'm in High School, there's really not much I can do there.


    okay, well here's a tip for www.WSJ.com

    Most of the good articles are locked since you aren't a subscriber, so if you copy the title and paste it into Google, you can read the whole thing. You can do this multiple times and WSJ hasn't caught on to it haha.

  • In reply to BTbanker
    CornerOffice21's picture

    Connor:
    CornerOffice21:
    Connor:
    BlackHat:
    We're all getting trollololol'd

    I came to that conclusion when he mentioned the Volcker rule. No highschooler knows what that is.

    Yeah, they probably don't but I do because like I said, I have taught myself a lot about finance. I have a subscription to Forbes Magazine which talks a lot about this field, I visit all different investment websites like finviz.com, investopedia, CNBC, I pick up The Wall Street Journal a couple times a month.

    As far as proving I'm in High School, there's really not much I can do there.


    okay, well here's a tip for www.WSJ.com

    Most of the good articles are locked since you aren't a subscriber, so if you copy the title and paste it into Google, you can read the whole thing. You can do this multiple times and WSJ hasn't caught on to it haha.

    Thanks, that's an awesome tip.

    Rules are for the obedience of fools and the guidance of wise men.

  • CornerOffice21's picture

    http://youtu.be/rW-67dLgazg

    Even funnier than the Goldman Sachs video!

    Rules are for the obedience of fools and the guidance of wise men.

  • BTbanker's picture

    Isn't it your bedtime? School night bud.

  • In reply to BTbanker
    CornerOffice21's picture

    Connor:
    Isn't it your bedtime? School night bud.

    Why does everyone on here have to be such a dick? Do you really not believe I am who I say I am? I just thought I could get some advice and opinions from people who knew more about this than me, but all I'm getting is a bunch of assholes trolling.

    Rules are for the obedience of fools and the guidance of wise men.

  • Anacott_CEO's picture

    Your friends probably make fun of you for more shit than "how much you know about business"

  • In reply to CornerOffice21
    Human's picture

    CornerOffice21:
    Connor:
    Isn't it your bedtime? School night bud.

    Why does everyone on here have to be such a dick? Do you really not believe I am who I say I am? I just thought I could get some advice and opinions from people who knew more about this than me, but all I'm getting is a bunch of assholes trolling.

    First thing I learned about any finance related jobs, is to get a thick skin. If you think that people on WSO are being a dick, you are going to really love it when you realize that your MD is a psycho and will shit on you non-stop.

    People are shitting on you because you sounds so pretentious as if you have worked in the industry.

    Pop quiz: you’ve enrolled in and completed over a dozen financial modeling courses, you’ve networked with hundreds of bankers, and you’ve read every article on this site 5 times over.
    How much do you know about the world of finance?

    Nothing.

    And if you walk into work the first day with an attitude that says otherwise, you’ll be kicked out and thrown into a pack of wolves, or maybe a pile of corpses that crows are feeding on.

    Come in with specific requests, like “working on cross-border China M&A deals” and you’ll be out even faster.

    Study as much as possible and learn all you can in advance, but never act like you “deserve” more than grunt work when you first start out.

    Even if you do have a front office role, you’re not generating any revenue until you actually bring in clients or make profitable trades and investments – which won’t happen for years.

    Forget that, and you really will know nothing.[/quote]

    "I am the hero of the story. I don't need to be saved."

  • In reply to CornerOffice21
    TonyPerkis's picture

    CornerOffice21:
    DeanPortman:
    Op if you were legal I'd be all over you

    What?

    you heard me

    I eat success for breakfast...with skim milk

  • Boreed's picture

    Bro, at 16 just enjoy this new and exciting thing called masturbation... and boobies. The rest is just noise for now.

Pages