Yes, this question again…
I’m an associate in IB. Bored to death by this job, the daily work is generally meaningless and not stimulating with few exceptions. I have little personal investing experience outside of a few privates (that are doing well) and typical indexing.
I’d be lying if I said I knew I was passionate about the public markets because how would I know? I’ve never worked in the space professionally. What I do want is work where decisions matter on a daily basis, you have to be right (at least most of the time), actual high intensity work during the day (not the bs banking “intensity”), and I want to make a lot of money. I work really well with people and downside risk does not bother me. I know I am highly coachable even if I’m not the most intelligent person in the industry (far from it).
How do I break in? Looking for some advice from the longtime greats here such as MMPM
No bots pls
spam @ModChimp
This isn’t a buzzfeed quiz, if anyone tries to honestly give you an answer on whether this career is a fit for you based on your post - they’re not serious people.
I took a swing on this gig out of undergrad and joined one of the large platforms; I knew I wanted to do it because I wouldn’t be in finance if i wasn’t doing markets. I got lucky and joined a large multi-asset pod and started learning how the world works. Started off doing equities, and honestly equities is a great place to figure out if you want to do the job because you can literally do the job in your spare time.
Go build models and build a coverage of 3 names. If you can find meaning and interest in doing this, you should take a crack at it.
I think if you like investing it’s a good job. No paper pushing like in pe. Downside is vol, info overload, and that the market isn’t a math problem w a correct answer, so if you do not thrive under uncertainty it’s not gonna be for you.
I’m 10 years into the hf world after I did 4 of pe. When I was looking for jobs after my associate pe stint I was ambivalent on pe vs hf cuz I like investing. Probably would’ve made more money and have more stability had I gone pe route permanently but I also hated the paper pushing and office politics. Pros and cons
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