(Baboon, 141 
Points) on 3/15/10 at 5:55pm
I was wondering if its hard to get a IBD offer at wall street if you graduate with a Master in Finance degree from MIT? (without previous IBD internship, but in sales area at a BB)
| User | Banana Points |
|---|---|
| Edmundo Braverman | 3984 |
| Anthony . | 2961 |
| drexelalum11 | 2656 |
| Jimbo | 2515 |
| WallStreetOasis.com | 2292 |
| CompBanker | 2190 |
| Marcus_Halberstram | 2072 |
| ideating | 1565 |
| monty09 | 1440 |
| Cornelius | 1439 |
| User | Silver Bananas |
|---|---|
| Anthony . | 234 |
| CompBanker | 149 |
| Marcus_Halberstram | 147 |
| Edmundo Braverman | 109 |
| coffeebateman | 78 |
| anonymousman | 70 |
| Mr. Pink Money | 68 |
| jhoratio | 64 |
| BankonBanking | 64 |
| IlliniProgrammer | 64 |
| User | Monkey Shit |
|---|---|
| SirBankalot | 201 |
| fordhammaster | 173 |
| UofHGirl | 168 |
| 1styearBanker | 162 |
| FTPiper | 100 |
| PiperJaffrayChiang | 87 |
| monkeyinasuit | 65 |
| Lloyd Blankfein | 58 |
| StuyvesantHedgeFunder | 55 |
| Affirmative_Action_Walrus | 55 |
This person has not made any friends yet.
try going to Las Vegas and be
by flyingmonkeytry going to Las Vegas and be a dealer first, then you are a shoo-in, or read about the students that got in trouble for counting cards. Otherwise, apply for one of the quant jobs.
It's an MsF from MIT, not
by unqwertyfiedIt's an MsF from MIT, not engineering. Quant isn't applicable here, unless the OP has an undergrad degree in engineering or math.
Well, I am double major in
by poormonkeynomoneyWell, I am double major in Finance and Accounting, Minor in Maths.. I really wanna do the MSF program at MIT, but Ill probably have to give up a FT opportunity at my BB.. the program would cost me 90k so the opportunity cost is real high.. just wondering if its worth it and what are my chances to get into IBD upon finishing the program.
Signs of Recession:
Banker: “Where’s me Bonus?”
Yuppie: “Whadya mean I have to actually work?”
Fox Rock Mum: “Lidl’s the place to be seen in now!”
Cowen: “It’s not my fault that me and my party are complete f**k-ups - it’s the recession silly!”
OH yeah thanks unqwertyfled,
by poormonkeynomoneyOH yeah thanks unqwertyfled, im not interested in quant and thats why I chose MSF not MFE.. however MIT requires strong quantitative skills anyways coz its MIT..so i have a minor in maths.
Signs of Recession:
Banker: “Where’s me Bonus?”
Yuppie: “Whadya mean I have to actually work?”
Fox Rock Mum: “Lidl’s the place to be seen in now!”
Cowen: “It’s not my fault that me and my party are complete f**k-ups - it’s the recession silly!”
Much easier to get into sales
by IlliniProgrammerMuch easier to get into sales and trading from MIT MSF- or investment management- than it is to get into IBD.
If you were to do an MBA from MIT- or better yet, Chicago, Harvard, Stanford, or Penn- getting into IBD would be a breeeeze.
What's so bad about sales and trading? Roughly the same money, less work, similar three-year job stability (for analysts); easy decision. If you STILL want to do I-Banking after that, Harvard would be a pushover.
___________________________
Interested in hang gliding two hours from NYC? Send me a PM! It's more fun if you do it with friends.
I actually have a strong
by poormonkeynomoneyI actually have a strong passion for S&T.. a lot more fun to me and less stressful compare to IBD...
ahh..peer pressure and hypes man.. Im from Zimbabwe and a lot of my friends from Zim and Zambia got into IBD.. and for some reason everyone just praises it... Us kids from Africa sometimes get real competitive lol...
Like you suggested, I might as well go for S&T since thats what I like.. eventually might get into IBD after MBA... I don't mind doing both MIT MSF and MBA anyways.
Signs of Recession:
Banker: “Where’s me Bonus?”
Yuppie: “Whadya mean I have to actually work?”
Fox Rock Mum: “Lidl’s the place to be seen in now!”
Cowen: “It’s not my fault that me and my party are complete f**k-ups - it’s the recession silly!”
Based on your last post, I
by LLcoolJBased on your last post, I really don't think you will be succesful in trading. Whilst no doubt you are better positioned for an S&T role, prehaps you should go for IBD after all.
LLcoolJ, thanks for your
by poormonkeynomoneyLLcoolJ, thanks for your comments. BTW could you pliz further illustrate your post? Im just wondering what would be blocking me from being successful in trading.
Signs of Recession:
Banker: “Where’s me Bonus?”
Yuppie: “Whadya mean I have to actually work?”
Fox Rock Mum: “Lidl’s the place to be seen in now!”
Cowen: “It’s not my fault that me and my party are complete f**k-ups - it’s the recession silly!”
1. Thinking trading is less
by LLcoolJ1. Thinking trading is less stressful then M&A
2. Following the hype
3. Listening to dumb shit your friends/"everyone" say
4. Susceptible to peer pressure
If you just want to earn the big bucks and tell people you're in investment banking, M&A is the way to go. In fact, some would argue that fitting in, listening to dumb shit your friends say and following the hype are actually advantageous traits for a banker.
I don't think you really appreciate how real the risk of failing is when it comes to trading.
Thanks for your comments~ 1.
by poormonkeynomoneyThanks for your comments~
1. trading is less stressful for me then M&A because I enjoy it. (Its like people who enjoy maths don't really stress about it)
2. True, I am nothing special, just like most people. but I don't see how that will affect my performance in trading.
3. MY FRIENDS ARE NOT DUMB, STOP BEEN RUDE, WE CAME A LONG WAY FROM A SMALL TOWN IN AFRICA TO THE BIG BANKS AT WALL STREET. (its offensive)
4. Again, susceptible to peer pressure because we are competitive, and that's what shaped who we are today. I believe those pressure is an important external source of motivation; people should appreciate it IMO
When market fails, unemployment rate goes up, everyone stresses, doesnt matter where you work.
Lastly, You Don't Know Me Or My Friends. How could you judge people when you know nothing about them. Best arguments are backed up with fact; i.e. your argument aren't convincing at all.
Still, I thank you for your suggestions, but I would appreciate more if you can stop being defensive.
Signs of Recession:
Banker: “Where’s me Bonus?”
Yuppie: “Whadya mean I have to actually work?”
Fox Rock Mum: “Lidl’s the place to be seen in now!”
Cowen: “It’s not my fault that me and my party are complete f**k-ups - it’s the recession silly!”
Thanks for your comments~ 1.
by poormonkeynomoneyThanks for your comments~
1. trading is less stressful compares to M&A because I enjoy it. (Its like people who enjoy maths don't really stress about it)
2. True, I am nothing special, and I would love to have a job that raises my social status. but I don't see how that will affect my performance in trading.
3. MY FRIENDS ARE NOT DUMB, STOP BEEN RUDE, WE CAME A LONG WAY FROM A SMALL TOWN IN AFRICA TO THE BIG BANKS AT WALL STREET. (wat you said is offensive)
4. Again, susceptible to peer pressure because we are competitive, and that's what shaped who we are today. I believe those pressure is an important internal source of motivation; people should appreciate it IMO
When market fails, unemployment rate goes up, everyone stresses, doesnt matter where you work.
Lastly, You Don't Know Me Or My Friends. How could you judge people when you know nothing about them. Best arguments are backed up with facts; your argument just aren't convincing at all.
Still, I thank you for your suggestions, but I would appreciate more if you can stop being offensive.
Signs of Recession:
Banker: “Where’s me Bonus?”
Yuppie: “Whadya mean I have to actually work?”
Fox Rock Mum: “Lidl’s the place to be seen in now!”
Cowen: “It’s not my fault that me and my party are complete f**k-ups - it’s the recession silly!”
hilarious
by Skittledhilarious
I'm pretty sure he didn't
by AspiringBanker21I'm pretty sure he didn't mean your friends in particular are dumb but rather saying you need to be in ibd over s&t despite your interests/offer is dumb (not in reference to your country..)
As a matter of fact, he is
by poormonkeynomoneyAs a matter of fact, he is suggesting me to do IBD despite my interest in S&T, not the other way round.
I was a lil overreacted coz I felt offended.
“I really don't think you will be succesful in trading”
“listening to dumb shit your friends say”
I don’t mind people expressing their opinions, but those sentences add no value to the argument apart from being plain offensive.
Signs of Recession:
Banker: “Where’s me Bonus?”
Yuppie: “Whadya mean I have to actually work?”
Fox Rock Mum: “Lidl’s the place to be seen in now!”
Cowen: “It’s not my fault that me and my party are complete f**k-ups - it’s the recession silly!”
Seems like you are already
by chankySeems like you are already set on S&T, so you should certainly pursue it if you know that's what you want and there's no need for this thread in the first place. I respect the challenges you had to overcome coming from Africa, yet IBD seems to require stronger communication skills and a greater tolerance for offense. S&T might suit your competitiveness more.
May I ask what is your FT role going to be? Your profile says you go to a top50 school in Miami, so getting a Masters from MIT will definitely improve your S&T recruiting opportunities. I'm also assuming you have no immigration issues to deal with since you will be passing on a job offer for merely a chance of getting another. The DV lottery must be good.
2 observations: 1.) Grow a
by unqwertyfied2 observations:
1.) Grow a pair: Can't let competition and peer pressure make decisions for you. If you want s&t, do s&t and not IBD. I, for example, come from a family of phds and was under pressure to continue for a phd myself. I really wanted to try out finance and work in a more dynamic setting, so decided to go for it.
2.) Need to be more thick skinned: Can't take offense this easily dude. If there ever is a flare up on the trading floor, you can't let it get to you and affect your performance.
unqwertyfied wrote: 2
by poormonkeynomoney2 observations:
1.) Grow a pair: Can't let competition and peer pressure make decisions for you. If you want s&t, do s&t and not IBD. I, for example, come from a family of phds and was under pressure to continue for a phd myself. I really wanted to try out finance and work in a more dynamic setting, so decided to go for it.
2.) Need to be more thick skinned: Can't take offense this easily dude. If there ever is a flare up on the trading floor, you can't let it get to you and affect your performance.
I agree with you. Thanks for the advice, my greatest weakness is my competitive personality and thats what makes me a "soft skin person".. Sometimes I feel like the purpose of life is to be better than others so I just naturally fall into competition/arguments when someone undermines my capabilities. I understand I have to fix this issue in order to be more successful in my career, and I am trying my best to be more tolerate.
Signs of Recession:
Banker: “Where’s me Bonus?”
Yuppie: “Whadya mean I have to actually work?”
Fox Rock Mum: “Lidl’s the place to be seen in now!”
Cowen: “It’s not my fault that me and my party are complete f**k-ups - it’s the recession silly!”
Though you say you'd like
by anonymousmanThough you say you'd like S&T, your original post was asking how to get into IBD.
Whatever you decide to apply for, you better be far more convincing that it means something to you.
_____________
One day I will die.
rodneymullen wrote: Though
by poormonkeynomoneyThough you say you'd like S&T, your original post was asking how to get into IBD.
Whatever you decide to apply for, you better be far more convincing that it means something to you.
I am going to work in sales this summer at a BB in NY. I was wondering if I can exit to IBD after the graduate program since I will have to trade off my FT offer (if I get it after the summer)
Signs of Recession:
Banker: “Where’s me Bonus?”
Yuppie: “Whadya mean I have to actually work?”
Fox Rock Mum: “Lidl’s the place to be seen in now!”
Cowen: “It’s not my fault that me and my party are complete f**k-ups - it’s the recession silly!”
chanky wrote: Seems like you
by poormonkeynomoneySeems like you are already set on S&T, so you should certainly pursue it if you know that's what you want and there's no need for this thread in the first place. I respect the challenges you had to overcome coming from Africa, yet IBD seems to require stronger communication skills and a greater tolerance for offense. S&T might suit your competitiveness more.
May I ask what is your FT role going to be? Your profile says you go to a top50 school in Miami, so getting a Masters from MIT will definitely improve your S&T recruiting opportunities. I'm also assuming you have no immigration issues to deal with since you will be passing on a job offer for merely a chance of getting another. The DV lottery must be good.
You are right.
English is actually my third language; fortunately it hasnt gotten into my way yet. I'm sure I'll get better over time.
Certainly, there's a tremendous opportunity cost in doing the MIT MSF. Not only the program will cost me 100k, I also have to give up my first year salary which would be around 80K (after bonus before tax). Plus like you said, I'll miss the opportunity to change my F-1 student visa to a work visa status.
Signs of Recession:
Banker: “Where’s me Bonus?”
Yuppie: “Whadya mean I have to actually work?”
Fox Rock Mum: “Lidl’s the place to be seen in now!”
Cowen: “It’s not my fault that me and my party are complete f**k-ups - it’s the recession silly!”
poormonkeynomoney
by IlliniProgrammerCertainly, there's huge opportunity cost in doing the MIT MSF. Not only the program will cost around 100k, I also have to give up my first year salary which would be around 80K (after bonus before tax). Plus like you said, I'll miss the opportunity to change my student visa to a work visa status.
This number sounds low. Bear in mind that you'll typically earn $65K salary +$10K signing bonus + discretionary bonus your first year. Unless you plan on your firm going bankrupt your first year, you can probably expect more than the discretionary you are implying.
For the purposes of planning my SPENDING, I use pessimistic assumptions like those, but when it comes to OPPORTUNITY cost, I try to come up with a genuine average-case scenario. Check Dealbreaker for a better idea of total comp.
If you are thinking of going back to college, I would recommend working for two years, saving pre-tax money in your employer's 401K plan in shorter term investments (cash, inflation-adjusted bonds), and withdrawing the money penalty free at a lower tax rate to pay for school. Over the course of two years, you can shift $31K in earnings from an effective 35-40% tax rate to something closer to an average of 15%. That's an after-tax savings of $7K; enough to pay a year's worth of rent at school for simply moving your income from a high-income year to a year where you'll be a college student and be earning less.
I am not sure if you are subject to income tax in your home country; you might want to sit down with an accountant before using this strategy, but I'm pretty sure you can save a lot of money.
___________________________
Interested in hang gliding two hours from NYC? Send me a PM! It's more fun if you do it with friends.
Thanks for the advice. I get
by poormonkeynomoneyThanks for the advice. I get foreign income tax deduction at my home country. Plus I'm not even sure if there are still people working for the Zimbabwean government to collect taxes..
anyway..I am definitely going back to school after a few years of work experience..But I wanna go back for the MBA not MSF..
I have a few qualifications that I wanna achieve, MSF at MIT, MBA at Harvard, CPA nad CFA. I know these are all ideal, but Im about to complete the 150 hours for the CPA exam, also studying for the level 1 CFA exam.. if I get into MIT, and a job at wall street, it would be easier for me to get into Harvard and do MBA. So it sort of leads one to another...
Im still young so education is my priority..once I get all the qualifications, I wouldn't have to worry about the rest of my life.
I certainly appreciate your advice on tax credits, its definately a consideration.
Signs of Recession:
Banker: “Where’s me Bonus?”
Yuppie: “Whadya mean I have to actually work?”
Fox Rock Mum: “Lidl’s the place to be seen in now!”
Cowen: “It’s not my fault that me and my party are complete f**k-ups - it’s the recession silly!”
Out curiosity, what's your
by unqwertyfiedOut curiosity, what's your ultimate goal? What on earth could possibly require an MIT MsF, HBS MBA, CPA and CFA!?!?
parterning with PE/HF is a
by poormonkeynomoneyparterning with PE/HF is a process of reaching my Ultimate goal~ which is to make a LOT of money and expand my family business all over the world, make it famous, prestigious and list it on NYSE, NASDAQ, LSE, Tokyo SE... I wanna leave a foot print in this world before I die. Thats my goal of life~
Signs of Recession:
Banker: “Where’s me Bonus?”
Yuppie: “Whadya mean I have to actually work?”
Fox Rock Mum: “Lidl’s the place to be seen in now!”
Cowen: “It’s not my fault that me and my party are complete f**k-ups - it’s the recession silly!”
Percey Bysshe Shelley
by IlliniProgrammerOZYMANDIAS
I met a traveller from an antique land
Who said: Two vast and trunkless legs of stone
Stand in the desert. Near them, on the sand,
Half sunk, a shattered visage lies, whose frown
And wrinkled lip, and sneer of cold command
Tell that its sculptor well those passions read
Which yet survive, stamped on these lifeless things,
The hand that mocked them and the heart that fed.
And on the pedestal these words appear:
"My name is Ozymandias, king of kings:
Look on my works, ye Mighty, and despair!"
Nothing beside remains. Round the decay
Of that colossal wreck, boundless and bare
The lone and level sands stretch far away.
___________________________
Interested in hang gliding two hours from NYC? Send me a PM! It's more fun if you do it with friends.
In two or three years, you'll
by IlliniProgrammerIn two or three years, you'll have a very different perspective on your goals (My goal upon graduating school was to start the first Chicago-based bulge bracket investment bank before I hit 50). When I stop to think about what really matters in life, it's three things:
___________________________
Interested in hang gliding two hours from NYC? Send me a PM! It's more fun if you do it with friends.
IlliniProgrammer: I am a hang
by chankyIlliniProgrammer: I am a hang glider pilot (H-2 rating). If you are in Chicago, there are a couple of aerotow schools where you can learn hang gliding or just go for a tandem with an instructor. It is an awesome experience.
I think your follow-up posts
by LLcoolJI think your follow-up posts really do prove that trading isn't for you.
Having a point to prove isn't a bad thing, but too me it seems like your 'ultimate goal' is just to be able to tell others about what a big dick you have. Furthermore, I think your 'competitive' personalty is a result of insecurity, not a thirst for excellence. Success in trading requires immense composure - you need to be solid as a rock. The reactive nature of your posts suggest to me that you don't have the emotional balance required for success in trading.
The reason I'm saying this isn't to offend you. I'm saying this because I don't think your personality is a good fit for trading - successful traders are in it for the game, not for the prestige or the money - and it would be a pity if all your hard work went to waste.
chanky
by IlliniProgrammerIlliniProgrammer: I am a hang glider pilot (H-2 rating). If you are in Chicago, there are a couple of aerotow schools where you can learn hang gliding or just go for a tandem with an instructor. It is an awesome experience.
Awesome! I went to Illinois, but I'm working in NYC right now. I will have to make a two hour drive up to Ellenville, NY for the nearest launch site if I want to learn this summer.
The good news (or bad news) is that Ellenville can do foot launches- I'm guessing that would be harder in Chicago and maybe all but a handful of places between Columbus and Omaha.
___________________________
Interested in hang gliding two hours from NYC? Send me a PM! It's more fun if you do it with friends.
LLcoolJ wrote: I think your
by poormonkeynomoneyI think your follow-up posts really do prove that trading isn't for you.
Having a point to prove isn't a bad thing, but too me it seems like your 'ultimate goal' is just to be able to tell others about what a big dick you have. Furthermore, I think your 'competitive' personalty is a result of insecurity, not a thirst for excellence. Success in trading requires immense composure - you need to be solid as a rock. The reactive nature of your posts suggest to me that you don't have the emotional balance required for success in trading.
The reason I'm saying this isn't to offend you. I'm saying this because I don't think your personality is a good fit for trading - successful traders are in it for the game, not for the prestige or the money - and it would be a pity if all your hard work went to waste.
Again, you are judging people based on your perception. I am not gonna argue about this anymore, maybe its the culture.
When people say I won't be good at something, I always prove to be better than them in such things, no matter its because of insecurity or eager for success; dont care, The End Justifies The Mean.
Thanks for your comments. But I don't think you are old enough, experienced enough or simply know me enough to persuade my choices.
In addition, since my interviewers think Im a good fit in sales, I don't see why I shouldn't trust them.
Signs of Recession:
Banker: “Where’s me Bonus?”
Yuppie: “Whadya mean I have to actually work?”
Fox Rock Mum: “Lidl’s the place to be seen in now!”
Cowen: “It’s not my fault that me and my party are complete f**k-ups - it’s the recession silly!”
IlliniProgrammer wrote: In
by poormonkeynomoneyIn two or three years, you'll have a very different perspective on your goals (My goal upon graduating school was to start the first Chicago-based bulge bracket investment bank before I hit 50). When I stop to think about what really matters in life, it's three things:
IlliniProgrammer, I always like to read your posts; very insightful.
My Ultimate goal is the goal of my family; my parents are spending over $60000 cash per year for me to study in the US, no loan no scholarship or grants. That number is equivalent to 300 years of salary for a average Zimbabwean employee. My dad started doing business 20 years ago from scratch, and now we are one of the richest family in Zimbabwe.
That inspiration consistently pushes me, and my ultimate goal will not change since thats what my parent and I always wanted. It would be a huge disrespect in my culture to betray my loved ones.
I agree with you, the goal of life is always composed of big and small daily achievement; therefore those insignificant ones are certainly important.
Signs of Recession:
Banker: “Where’s me Bonus?”
Yuppie: “Whadya mean I have to actually work?”
Fox Rock Mum: “Lidl’s the place to be seen in now!”
Cowen: “It’s not my fault that me and my party are complete f**k-ups - it’s the recession silly!”
LLcoolJ wrote: I think your
by IlliniProgrammerI think your follow-up posts really do prove that trading isn't for you.
Having a point to prove isn't a bad thing, but too me it seems like your 'ultimate goal' is just to be able to tell others about what a big dick you have. Furthermore, I think your 'competitive' personalty is a result of insecurity, not a thirst for excellence. Success in trading requires immense composure - you need to be solid as a rock. The reactive nature of your posts suggest to me that you don't have the emotional balance required for success in trading.
The reason I'm saying this isn't to offend you. I'm saying this because I don't think your personality is a good fit for trading - successful traders are in it for the game, not for the prestige or the money - and it would be a pity if all your hard work went to waste.
Good traders do have a lot of composure. But having worked in analytics (the folks who generate the pricing and risk numbers) for a couple years before getting into trading, I can say first hand that a lot of traders- even market makers at bulge bracket banks- go into panic mode when a number isn't what they expect. Not panicking and feeling secure, however, are LEARNED personality traits that only come with a little experience in industry. Most college students don't have them- I didn't have them when I graduated. Did you?
My view is that he may not be the best trader NOW. The stuff you can't learn- you either have or you don't- like having honesty, the ability to make quick decisions, and raw quantitative ability- might all be there. And the maturity and confidence can be learned- at least that was my experience. That said, there's a huge difference between market-making and proprietary trading strategies, and I can only speak for market-making.
___________________________
Interested in hang gliding two hours from NYC? Send me a PM! It's more fun if you do it with friends.
poormonkeynomoney wrote: My
by IlliniProgrammerMy Ultimate goal is the goal of my family; my parents are spending over $60000 cash per year for me to study in the US, no loan no scholarship or grants. That number is equivalent to 300 years of salary for a average Zimbabwean employee. My dad started doing business 20 years ago from scratch, and now we are one of the richest family in Zimbabwe.
I have a similar story that's a little less dramatic. My Dad started on a 56 acre farm without running water in the back woods of Wisconsin. He had enough food to eat and a roof over his head, but that was about it. He didn't get a dime from his father for college but worked all the way through law school. Today, he is considered the best derivatives taxation expert in Chicago and his income is about 20 times my grandfather's income.
When I was 22, I figured that if my Dad could make it from the poorest 20% of families in the US to the richest 5% of families, I could make it from the middle class to the wealthy. But ultimately, you've gotta figure out what life's really all about. If I try to answer that question, I will set off a huge debate, but I'll say that most people can agree that it's not about money or prestige. My Dad went a certain way because life was largely about a certain religion (which meant a certain work and savings ethic) and taking care of your family. Your parents also probably went the way they did because of something bigger than money and ambition.
You've ultimately got to become convinced of what gives life its meaning and then base your life around that. Otherwise, achievement for the sake of achievement will leave you feeling pretty empty and burnt-out by the time you hit 25.
___________________________
Interested in hang gliding two hours from NYC? Send me a PM! It's more fun if you do it with friends.
poormonkeynomoney wrote: When
by IlliniProgrammerWhen people say I won't be good at something, I always prove to be better than them in such things, no matter its because of insecurity or eager for success; dont care, The End Justifies The Mean.
I detect a little bit of overconfidence here. Yes; you're a pretty smart guy who's graduating from a top-tier school but that doesn't mean you're ready for anything. Experienced and reasonably wise folks are telling you that there needs to be a bit more maturity and composure before you can become a good trader. And when you land in your first job, you really need to hit it with an attitude of "I know nothing" and "I'm not sure I'm smarter than my coworkers so I have to outwork everyone" to have the best odds at success.
Nobody is saying you're not cut out for trading- we're just saying that there need to be some adjustments. A certain degree of humility, IMHO, is a sign of confidence in many ways- it shows that you know that despite everything you might have learned already, you think you have the ability to become even better than you are now.
Thanks for your comments. But I don't think you are old enough, experienced enough or simply know me enough to persuade my choices.
In addition, since my interviewers think Im a good fit in sales, I don't see why I shouldn't trust them.
Sales is great, but I would argue it requires a different skillset than trading- you probably won't need the same kind of composure in really tough situations that traders require, but you'll need exceptional interpersonal skills. Sales at a bank is arguably the pinnacle of sales as a profession. I'd imagine that most of your clients will be Westerners if you are working in NYC, and they will probably value a lack of overconfidence. I would recommend not discussing your real ambitions and instead talking about how you want to become a good sales guy and make help your firm take better care of your clients than the other guys.
I'm not telling you all of this to shoot you down or scare you away- just telling you this so you know what to work on when you show up this summer.
___________________________
Interested in hang gliding two hours from NYC? Send me a PM! It's more fun if you do it with friends.
I certainly agree with you. I
by poormonkeynomoneyI certainly agree with you. I have to say that Im still young to see the bigger picture of life.
As of now, LIFE simply means living in fullness. Im a goal oriented person; my life would be empty without a goal. Every small achievement I accomplished shapes me for the bigger goals and everything bigger accomplishment helps me for reaching the ultimate goal. I feel fulfilled working hard and living like this.
Inside me, you are right, I am an overconfident person, but I wouldn’t express myself that way if everyone here knows who I am. The main factor that got me into sales is my network, how I manage relationships with people and my successful sales experience working at Estee Lauder corp. It requires individuals who are flexible, who are able to shape themselves to fit the needs of their clients and colleagues. I totally understand the danger of being accused for arrogance in the banks. Thanks for the reminder.
I like recommendations from experienced individuals, and I usually listen more and talk less. I was only offended from the fact that I was judged by someone who’s young like me and doesn’t even know who I am. I hate judging people so I don't like to be judged, but I understand as many pointed out, I have to be more tolerant to such things
Signs of Recession:
Banker: “Where’s me Bonus?”
Yuppie: “Whadya mean I have to actually work?”
Fox Rock Mum: “Lidl’s the place to be seen in now!”
Cowen: “It’s not my fault that me and my party are complete f**k-ups - it’s the recession silly!”