Why is my friend going backwards?
Hi, i want advice on why my seemingly amazing friend is going backwards. His last job was 'Managing Director at xxx College IB club', but now he's an Investment Banking analyst at Goldman? Why would he go backwards from Managing Director to analyst? Maybe he did badly as a managing director and now he got demoted to analyst?
And another friend, his last job was 'Portfolio Manager of xxx College Student Fund', but now he's an equities trader at Jane Street? He also holds the 2+2 HBS MBA offer. Why would someone go from Portfolio Manager, to trader, to student? Why are these brilliant people going backwards in their lives?
They probably just got sick of making all the executive decisions and wanted to get more into the weeds. Its weird, my VPs and Directors are always asking me to get into the weeds, and I usually just hit em with a "if you like it so much why dont you do it"
Personally I don't like weed
prefer coke more
But they are rlly, rlly good at making executive decisions tho. The Managing Director 'increased membership by 50% over his tenure as MD'. He 'led a team of analysts in writing weekly M&A newsletters'. The PM guy also 'led a team of analysts in weekly stock pitches'. They also collaborated with other clubs. If that's not killer executive skills then idk what is
This post made my day. Idk how people can keep coming up with such stupid yet entertaining shit
Top quality shitpost
Needed a laugh, thanks
Quality post, cringe every time i see college listing ridiculous sr banker titles in some college finance club on linkedin, absolute NARPS
Worse still, I remember from college that some of the biggest club hardo types, always chasing the next title or position, were also some of the least involved and worst workers.
Really makes me skeptical of resumes that come across with all that junk.
Prestige isn’t everything.
Wow this is insane I can't imagine why your friend did that
It's a real tragedy innit.
To see such high flyers reduced to being mere fodder at such indie firms. Solemn reminder to all of us big swinging dicks in college investment clubs to stay humble and keep working hard, lest we end up broken like our fallen brethren.
Yes. It is a reminder that, once you have beaten all the odds, undertook the labors of Hercules, risen to the top of the profession, aka finally becoming the Portfolio Manager of the College Student Fund, you should be grateful of your accomplishments and focus on the present matter. Do not be greedy, lest you get demoted to analyst at Citadel. Focus on growing the Student Fund into one of the biggest funds in the world instead. Hire phenomenal people
Exactly comrade. I for one can consider myself lucky that I managed to stay president of my college's investment club for 8 years straight now, simply by refusing to graduate and work for silly little firms like Goldman and Citadel for a huge demotion. Couldn't be me.
Think it has something to do with WLB
Yes. How short-sighted of me to have missed the WLB aspect of life. We all know running the student fund or being MD/ VP/ sector head of the IB club is immensely unsustainable and demands an intense lifestyle. I guess it takes a very wise man to be willing to have a longer term view, and accept a demotion from MD at IB club to analyst at Goldman, for better WLB. @biscuitsandgravery, this one is for you too
Kings must be settling down. It’s a part of finding better WLB.
Kings! Let's get absolutely shredded together!
Wanna work deez? Do deez!
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