Why does it seem that most people hate The finance industry?
This is a trend I’ve noticed, just some background about me: 3rd year student about to a S&T intern [ insert Bulge Bracket ]. I come from a small town(conservative) and go to university in a liberal city.
Whenever I would go to a cafe, restaurant etc and the service worker/owner would ask me about my summer plans I would tell them I’m interning at [ Insert Bulge Bracket ] and want to be a trader. I say it proudly as I’m a first generation student from a non target and it took a lot of work to secure the internship.
They would response very dryly/awkwardly and sometimes give me a look like I gave their grandmother Covid. I get Wall Street created the financial crisis but it’s been 13 years why does everyone seem to hate those who work in Finance??
Because of the ever growing wealth and income disparity that finance, more specifically capitalism, has created over the duration of our nation's existence. Also when you look at the news there's almost always something negative about politics, the economy, or social issues at large, so it's inevitable that the average person is going to take in this info and be swayed to think something negative about the finance industry at large (ex. the suits vs WSB for GME and AMC).
I second what anabananaboat said, it’s mostly due to the macro trend of income inequity and how politicians on both sides use the 1% and Wall Street as a scapegoat.
Better question is why you care what a barista thinks and felt the need to flaunt your obviously better job prospects to them. Anyone would've looked at you like you're from another planet given a. No one cares, b. Have a little empathy.
I understand where you are coming from, firstly they asked me specifically about my summer plans and to put into context. The two instances took place with a barista in a cafe I go to all the time so I know her and the other person was my barber who I have a good relationship but as soon as I brought it up it became dry/awkward.
I’m trying to understand is all; wasn’t using a bragging tone.
Here a short life lesson for you since it doesn’t seem like you’ve learned it yet. Nobody likes when someone else is more successful them — next time a service person asks you what you’re doing next summer just say “working in the city.”
Thank you for the advice, I thought about saying that but I didn’t want to seem dry/secretive since as I mentioned they are people I speak with commonly; definitely learned my lesson though.
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