Name's Nate... new here. Obviously, I'm a salesman. I'm 24 years old and just started my mortgage loan originator job a few months ago--I'm effing loving/killing it. It's my first experience on a sales floor comprised of cubicles. Currently, I'm going to school full-time at night on top of working 60 hours a week at the firm. The plan as of now is to finish up my degree and get a ton of experience in the mortgage industry. After that I'd LIKE to move to Wall Street (I'm in CA) to try and get a job in IB. By then I should have 4 years experience as an executive loan consultant, a BS from a California UC in Business/Managerial Economics, plus the 2 years of experience I already have from selling a shit ton of cars. What are my odds (please don't give advice on how to kill an interview or how I should network better starting now) in landing a job at one of the top firms given that I won't yet have the experience in trading securities, currency, stocks, commodities or other various financial instruments aside from mortgage loans. I understand that the competition is extraordinarily fierce, so I'm essentially wondering if I'll even have a shot. I also would like to go to Columbia for my MBA after getting several years of experience in the financial sector out there. Advice? Thoughts? Thanks!
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Well first off why do you want to join IB?
You do know that you could make 10x as much money being a rock star originator compared to a first year analyst, right? If you're good, you could just open your own shop in a few years and be making more than an average MD.
Just food for thought since you said you are killing it.
When you are 28, you want to quit being a rainmaker, and become an analyst slave?
I am well aware of the earning potential as a rock star originator versus a first year analyst. I guess it would all depend on how quickly I could move up the ladder. Would my sales experience help expedite the process?
I know that I will always be able to go back to originating-- essentially, I feel as though it'll grow redundant by the time I'm 28; that's just the way my brain operates. To answer the "why" question, I enjoy learning new things and I am extremely interested in IB. Also, I suppose my end goal would be to somehow find an "in" with a VC firm. By the time I'm in my 40's I'd like to start my own firm-- before I choose the industry, I want to objectively know which sector I enjoy the most, if that makes sense. Thanks for the replies.
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