19 yo in need of advice
So I’m currently hired as a investment specialist (execute trades for clients, preform account maintenance per client request)for a 529 plan that is managed by the bank I am hired by. I work full time hours and I’m also a sophomore in college taking full time credit hours. I’m currently going to peru state college and earning a degree in accounting, I have a 3.9 gpa. I also do my own trading and have my own systems to manage risk and analyze different securities. I plan on getting my mba to become a CPA and work in audit for sometime to build a good foundation and then I want to try and get a job with a hedge fund or a mutual fund to start as a analyst or potentially a higher position. I just applied to a few Big4 accounting firms for audit internships. I’m wondering if I’m on the right path or is there something else I need to be doing or something that I’m doing to improve on. My end goal is to manage a hedge fund or a fund of sorts then retire and start my own fund. I apologize in advance I sound like a newb, as I’m in the general direction I want to go but idk what I would like to specialize in trading and research wise, I like trading but I also like the analysis side of things. I understand u need to specialize in trading or analyzing a specific securities like credit or equities. I am just looking for some in general pointers and guidance to see what some more experienced fellows think of the start of my journey to end up on wall st. Thanks.
When I was 19, I already got my banking offer
Hey there, young Wall Street aspirant! It sounds like you're off to a fantastic start. Balancing full-time work with full-time studies is no small feat, and maintaining a 3.9 GPA while doing so is impressive. Your plan to get an MBA and become a CPA is a solid one, and working in audit can indeed provide a good foundation.
As for your goal to manage a hedge fund or a fund of sorts, it's ambitious and achievable. Here are a few pointers based on the most helpful WSO content:
Keep up the good work: Your current path of gaining practical experience while studying is excellent. It gives you a taste of the real world while you're still learning.
Networking: This is crucial in the finance world. Start building your network early. Attend industry events, reach out to alumni, and don't be afraid to ask for informational interviews.
Internships: You're on the right track applying for internships at Big4 accounting firms. These experiences are invaluable and can often lead to full-time offers.
Certifications: As you mentioned, you're planning to become a CPA. That's great! You might also want to consider the CFA (Chartered Financial Analyst) certification. It's highly respected in the investment world and could give you an edge when applying for roles at hedge funds.
Specialization: While it's true that specializing can be beneficial, don't feel rushed to choose a specialty. As you gain more experience and knowledge, you might naturally gravitate towards a specific area.
Stay Informed: Keep up with financial news and trends. This will not only help you in your current job and studies but will also make you more attractive to potential employers.
Remember, the journey to Wall Street is a marathon, not a sprint. Keep learning, stay curious, and don't be afraid to take risks. You're doing great, and I have no doubt you'll reach your goals. Keep swinging from those branches!
Sources: Finance Career Path & List, Accounting vs Finance: Part 1 – Career Paths
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