Tough Choice for me to make

Hey guys,

I'm stuck in a dilemma with my job search. I graduated liberal arts from a top 40 school, 2.8 GPA. The positives are that my resume is stacked with job experience in retail financial sales (mutual funds, wrap accounts, insurance.) Fortunately I have accumulated enough money where I don't have to work for a time being. Here are some options I have been bouncing around to make myself more appealing to the job market:

  1. Study for level 1 of the CFA exam-I already have insurance license, series 6 and 63
  2. Apply for full time offers in a less prestigious role (think entry level trader, financial analyst, whatever my resume could get me)
  3. Apply for i-banking internships in Summer '13, possibly abroad. In the meantime both study for my CFA and work some unpaid gig somewhere.

Which route do you think is best to go? Sometimes I feel like I don't have the knowledge and preparation to go to investment banking quite yet-most of my background has been insurance.

Any tips would be awesome. Thanks in advance guys.

8 Comments
 

This is difficult... I didn't read your year... but having retail finance experience is certainly not a benefit. It's probably a hindrance, no one I know had anything to do with those things. Why do you want to apply for IB stuff if you have the money? People do it because they want lots more money?

No offense, I'm really tired of the likes of you posting here. There are aren't many jobs in the industry, your GPA sucks, and one wonders why you don't try the many other exciting areas like retail, start-ups, etc...

 

What was the point of that? I'm starting from ground zero looking for general career advice.

  1. I'm not sure that I want to apply for IB stuff, I want to apply for a finance job which is more exciting than mine.
  2. Money is not an object for me at this point. I am aiming for a fulfilling career.
  3. Once again, I don't like retail, because it is not exciting enough for me and there is a significant lack of structure
  4. Having retail finance experience might not be a benefit, that's exactly why I'm looking to gain experience in other fields.

I'm pretty tired of these responses on the board myself. I'm a young kid who is basically asking for advice and coaching and the one response I get is condescending.

Anyways, disregarding Trevelyan, I basically have this spring and this summer to do one or two internships and study for a CFA exam. Any thoughts on which direction I should take? Boutique bank? Institutional sales? Feel free to throw some ideas at me.

 
G.M.Trevelyanbeing realistic. No one in this market would want to hire you unless you massively networked.

Go back to school. If money isn't the issue, start over.

I'll do what I can to help ya'll. But, the game's out there, and it's play or get played.
 
Best Response

Look for unpaid internships. That is your ONLY hope. That or going back to school. And entry level traders and financial analysts are not "less prestigious". I don't get what that means. Have you even tried networking? If you can afford the CFA, obviously do it. And without posting a resume here, we have no idea if your idea of stacked is flawed or not. I am assuming it probably is a little off. Also, you graduated... so you have 0% chance at getting summer analyst positions that are structured. Think about why they would take you over someone else, when you don't even know what you desire to do.

Frank Sinatra - "Alcohol may be man's worst enemy, but the bible says love your enemy."
 

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