I graduated from a top-25 school (extremely quant heavy) in 2008 and now work in MO (Business Management) for a MM firm.

I started my current position 3 weeks ago, and it seems like everything I do is very boring and monotonous. I am constantly depressed, thinking "I didn't need to shell out massive amounts of money, go 5-figures in debt, and bust my ass, double majoring for a 3.5 GPA while starting my own business and working 20 hours a week to be doing this". By doing this job, I really feel that I wasted time and money going to college, and a top-25 school as well. Nothing that I do on the job, did I need to go to college for. Even one of the co-workers on my team didn't go to college - she started straight from High School. Seriously, I feel like I am wasting my talent. It is even more depressing when I found out that someone who slacked off at my high school and attended a 3rd tier college landed a FO gig at Goldman because he's related to an MD...

Ok, so I started work about a month ago at one of the largest asset mgmt/mutual fund companies in the US. I went through a 5-week training program to be a customer service rep at one of their regional call centers. Duties consist of providing balances for brokerage accounts and getting yelled at by 80-year olds for various reasons. My official title is "Financial Representative" and all through interview and training, upper management was touting how we (20 trainees) were coming in at a great time, that there was tremendous opportunity for professional growth.

The reason why I took this position was due to my thinking that I could eventually move into their equity research group or capital markets group. After five weeks there, I could see through all the BS and figure out that such a gigantic move is near impossible - they did say they knew of people going into asset management but only to do sh*t like compliance - not any of the fun stuff like research/trading. But even that is few and far between. We customer service reps get paid sh*t and basically get moved into other "higher-up" groups such as servicing private clients. It is ALL customer service from here on out.

Is this crap going to pass?

http://www.washingtonpost.com/wp-dyn/content/article/2010/03/15/AR201003...

6 key points of the financial regulation legislation

1 A Consumer Financial Protection Bureau, housed inside the Federal Reserve, would write and enforce rules protecting borrowers from abuse by lenders.

WHAT IT MEANS: The location of the agency is a nod to Republicans and conservative Democrats who oppose the creation of a free-standing consumer agency, but everything else about this proposal is designed to please liberals, giving the consumer agency sweeping powers and imposing few checks on that

authority.

2 A Financial Stability Oversight Council, chaired by the Treasury secretary, would coordinate federal efforts to identify and manage risks to the financial system and the broader economy.

What it means: Dodd wanted to give the council broad responsibility for policing systemic risks. After massive administration pressure, he agreed instead to give much of that power to the Fed. The oversight council will instead function essentially as the Fed's board of directors on regulatory issues, signing

off on its decisions.

Accepted an SA offer from a top BB for Tokyo office. Everything was dandy until background check, I was asked for an official transcript. I did not lie about my cumulative gpa.

I dont know if the transcript for my school (US) is typical. They way my school does it is that it categorizes by semester in chronological order and list courses + gpa for that term. At the very end of the transcript it shows the cumulative gpa.

My transcript is two pages. The first page lists my coursework and gpa for Fall 2007, Winter 2008 and the second page list my coursework and gpa for Fall 2008, Winter 2009, Fall 2009, and my current course work, and at the very end of the second page were two lines listing my cumulative gpa (which is exactly what I list on my resume).

I had really crappy gpa my freshman year (3.03 and 2.97) and I have been getting 4.0s every since so my cumulative gpa is up to 3.65.