Investment Bankinf

Do you need a Series 7 as a Investment Banker?

I'm in a internship in a Investment banking firm and my boss tells me that i need to first get clients so i am cold calling. What do you guys have to say about that? i really thought i was going to do analysts work like you know at merril or ubs, but i am cold calling so is what he said something that is true?

11 Comments
 
mrcanuckYou know that's always been the secret behind Goldman Sachs. They have a team of a 100,000 Indian call-center workers in the basement of their NY headquarters cold-calling the entire Fortune 500 for advisory work. The exit opps of GS Telemarketing are excellent, so don't worry, you're getting great experience.

Ha. that's hilarious.

-------------- Either you sling crack rock or you got a wicked jump shot
 

I bet these guys target mostly penny stocks i.e. pink sheet and OTC BB companies right ?

Don't worry, it's just a summer gig, don't do it for more than a couple of months though. It's a financial chop-shop.

 

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