How difficult is it to land a job on the street?

Just curious lets say a I was graduating now with a degree in Finance or Accounting (3.5-4.0) GPA from Rutgers or NYU; how difficult would it be for me to find a job in the financial sector? Anything goes, HF, PE, BB, IB, etc.

Just looking to hear from some people with experience.

Thanks in advance!

28 Comments
 
JaMarcus Russell CFAso you go to Rutgers...

so you didn't even check his profile which lists everything about him...

College / University: Bergen Community College

If the glove don't fit, you must acquit!
 

To address the question asked in your thread title...

Clearly it's hard enough for 100,000+ people to gather on a forum and bitch about it consistently, so...

 
BlackHatTo address the question asked in your thread title...

Clearly it's hard enough for 100,000+ people to gather on a forum and bitch about it consistently, so...

lmao never thought of it like that

Mps721
 

Everything is arbitrary, but there are things you can do to mitigate risk of unemployment ie networking, MSF, cold calling, target school, GPA, ECs, etc.

I worked on Wall Street after freshman year. Was it luck, or hard work? I don't fucking know or care at this point. because it really doesn't matter.

 
WhiteLightningIt is very difficult. I would go ahead and label it as "extremely difficult" (at least for front office).

But—like everything else in life, if you try hard enough, you can get what you want.

Are the salaries that big to where it really is worth it? I hear so many different things I am not sure what to think, some people tell me Wall Street is dead now it is not what it used to be in terms of salaries and jobs, and other people tell me that there is still the high paying salaries.

Mps721
 
Best Response
Mps721
WhiteLightningIt is very difficult. I would go ahead and label it as "extremely difficult" (at least for front office).

But—like everything else in life, if you try hard enough, you can get what you want.

Are the salaries that big to where it really is worth it? I hear so many different things I am not sure what to think, some people tell me Wall Street is dead now it is not what it used to be in terms of salaries and jobs, and other people tell me that there is still the high paying salaries.

The salaries are fine, but I don't think the attitude should be whether or not the pay is what makes it "worth it." Sure it's not 2006 anymore and kids coming out of undergrad aren't getting hired just for having a pulse and getting paid $150K a year out of school, but it's still pretty much one of the best paying jobs you can have out of undergrad. The money won't be worth dick if you don't find a way to enjoy yourself doing the work though...

Also recommend spending some time looking around the site...this is more or less the most basic and frequently asked question of anyone who's considering a career in finance.

 

I must say that I'm going to approach your question with a bit of a lopsided but nevertheless insightful answer. It really doesn't matter whether you can land your way into the street but rather whether you can luck your way from street corner to street corner and ultimately end up to be the drug kingpin that people aspire to be. There are clearly issues that arise in the quest to become a street resider but to become a street insider with the knowledge underlying and the truth to be scolding and cards to be holding is called street hustler, window duster truth cluster - without luck or muster. Putting historical replications aside and settling instead for rhymes (in the words of Howard Marks) and the patterns that make those rhymes voluble, I would say that it doesn't really matter if you can get a job on wall street but more whether you can find a way thereafter to create everlasting and self-fulfilling compounding and ensuing luck. So many guys who play the game (and by game I don't mean i-banking but subsequent well-timed or oft-badly-timed lackluster plays to buy side glory/failure) and ultimately whose fate is determined by a relationship, a meeting or a coffee, a statement in a room full of egos or a loss of value in a stock exchange as captured by the whim of an unsuccessful or ill-timed trade. I don't mean this in a sad haggling heart type of delineation but rather with the utmost respect towards the travails of those that hold the event-driven career up high in all of its effervescent significance. HEDGE FUNDS RULE.

 

Thank god Rutgers and NYU are now in the same category.

Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.
 

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