r/FinancialCareers (Reddit forum) is the Complete Opposite of WSO
It is quite interesting how there is a huge difference in the career goals of people on r/FinancialCareers vs WSO. r/FinancialCareers encourages college students to lay low and be risk-averse whereas WSO worships prestige and risk-taking behaviours.
Does anyone here browse that subreddit? I love reading both forums because it kinda provides different perspectives on the industry. There can be some good career advice on both forums.
But, be careful if you spend too much time on r/FinancialCareers. That sub sometimes glorifies back office. Example: https://www.reddit.com/r/FinancialCareers/comment…
Edit: WSO > r/FinancialCareers
WSO definitely doesn’t glorify risk taking behaviors. It’s just more prestige focused. Most people on here are cowards who want a high salary without taking any entrepreneurial risk
Sheesh, Monday morning spanking
:( +sb
Preeeeacccch
Don’t worry you guys have me. That’s like +100 for degenerate entrepreneur
There's nothing cowardly about taking a job which can single handedly pull your family out of poverty instead of risking it all on some startup which will most likely leave you broke.
Edit: For everyone throwing MS, when you have cousins working in trades talking about how they're going to struggle to pay their energy bills this year it's hard to go and work at a startup and piss away serious earning potential.
Ha I get your point but have you worked in banking / PE? I haven’t met a single person who came from poverty. All of them came from rich or upper middle class families. Maybe a couple middle class kids who didn’t go to a private high school or have a vacation home.
But there is something a little cowardly for doing so while simultaneously shitting on someone else for aspiring to a job or level of income that will only guarantee a middle or upper middle class salary.
Not wanting to take risk is perfectly reasonable, not everyone can or should be an entrepreneur. But if you're going to make the argument that you are going to Wall Street to earn a salary that will be life changing to your family, you don't get to also look down on people who take equally little risk but settle for less pay.
Agree, except I don't think it's a bad thing that most everyone doesn't want/not cut out for starting a business.
As if the founder market isn't oversaturated enough already, just look at LinkedIn in Cali. At least risk-adverse people know their limits.
Reddit is left-leaning, and even a sub like financial careers feels that effect. I asked about banking there and everybody was supportive saying I had a chance with a shit gpa from a non-target. I find WSO to be much more realistic when it comes to actual Wall Street jobs like investment banking.
There are some cool dudes I met on that sub. My resume format is actually from a dude I met on there who works at EVR/CVP/PJT
It wasn’t until recently that I realized I had become more “polished”. I’m able to talk bullshit in the professional sense and layer in buzzwords and metaphors, and sometimes I’ll go back and read what I wrote and laugh because I’m playing a character at the office.
A lot of that is just reading this forum a lot. I saw my writing was becoming more reddit-like where I prefaced everything with a disclaimer as to not offend anyone and that’s when I deleted reddit
I think you should probably stop viewing finance through the prism of politics. The quest for alpha is not left leaning or right leaning.
Says literally the most political person here who can't help but shill for AOC / Bernie. Gtfo, maybe from someone truly apolitical this would be a good take but from you it's laughable. Even Drumpfy seems tame by comparison
I agree up until we see stories about the SEC investigating managers about abusing ESG (and let's be real, ESG is definitely a child of politics) in the pursuit of alpha and the fees they collect from that.
Mmmm yes, I love working my ass off to make money just so some wrinkly old dude can reach into my pocket and take half. Finance is directly influenced by politics, and thus I don't see how you can justify this statement.
I agree and I think the older you get the more you realize this. I don't understand the overarching right leaning here- it wasn't always this way. I've been in finance for over 20 years- it's in these days more than ever to not be so right leaning.
Reddit is where you go to be coddled about anything. Breeds losers for that reason. Give me hard truths
imagine going on plebbit
The biggest difference is that this website is far more high finance oriented, whereas Reddit has more of other financial careers. That's not a bad thing considering a lot of students who are interested in IB/PE/HF won't make it, and they can learn about these other high-paying jobs and understand that they will do just fine.
The downside of Reddit is the karma system and even greater anonymity than WSO, so there is less filtering and punishment for bad answers. The slight upside of this is that students are more willing to share their dumb questions and bad resumes so that they can actually get some help, which I don't think they'd get from WSO. WSO has more hardos who need to relax a bit about always being perfect with perfect knowledge and takes.
lol
I saw that and LOL'ed. Northwestern Mutual gets no relief no matter what (and they don't deserve any either).
Why are they hated so much? Just curious
I find that there are too many college kids on there giving terrible advice on matters they have little to no experience on and no one calls them out for it which misleads or misdirects people.
...And that doesn't happen on WSO daily as well lol?
Of course it does, but people will actually challenge you or call you out here like you just did.
It does, albeit WSO has two key indicators: number one is what whereisthealpha mentioned - if you spit out a piss-dumb take, you will get corrected for it. The secondary thing is that Reddit offers no type of verification whatsoever. Anyone can choose a flair, and then lie and say they're a seasoned professional. You can still do that here, but WSO's certification system, systematically REQUIRING a LinkedIn or other proof gives it a little bit of credibility.
As I've mentioned before, I won't shit on non-certified users - I totally understand the sentiment of wanting to keep a low profile, and not affiliating your real persona with an internet name. But I've also seen the best advice on here is consistently by those who have that little gold star, and I think that goes a long way when separating the needle from the mud. Just a personal take
any examples of the terrible advice they give?
To some extent WSO is specialized in that its origins are in investment banking and a lot people here work in IB. That Reddit finance sub is very general.
No shit OP, Reddit is full of virgin liberal beta males
WSO is full of virgin conservative wannabe alpha males
Know the difference
Different type of virgin
Right wing virgin: Lash out at women, blacks, etc. because they blame those groups for not being able to get laid
Left wing virgin: Think they will get laid if they act over the top tolerant to said groups
LOL
This rings pretty true lmao
cannot stand Reddit virgins though
Do they have a Pizz equivalent on the Reddit R/FinancialCareers board?
There is no equal to you pizz
Maybe? Lot's of virgins who constantly post about trying to get laid
Prestige focus maybe, but definitely not risk-taking. There are thousands if not more of exits ops/optionality related anxiety, and it shows the underlying the risk aversion tendency. IB and consulting are popular among target kids exactly for this reason—it advertises risk aversion: you won’t be a billion, but you’ll live really well off with a lot of options to fall back on.
I used to be on that subreddit but stopped using Reddit altogether. I got tired of the content farming, repost after repost only to repost for a new generation of users.
When I found WSO it had genuine advice but most of all some good shitposts.
it's the main reason I have WSO, the shitposts here are great and also there's a ton of good advice, especially in the industry forums. You can find that on reddit, but you have to search endlessly and sift through a lot of BS
I'm pretty active on both forums so I feel obliged to comment. I was on WSO well before r/FC. I won't comment on what's already been said because it's largely accurate.
The specialist knowledge on WSO more often than not far outstrips that on Reddit. Average level of (accurate) knowledge is just not as high on Reddit. There's simply a more refined audience on WSO believe it or not. However, R/FC caters to everyone (except those with more complex questions within high finance), so people can feel free to ask questions about commercial banking or whatever because those people need a place to ask questions without being told that their job isn't prestigious enough I guess. This also is shown in the salary thread (which is actually pretty useful) where you get everyone from tellers to prop traders giving salary numbers.
Less quality shitposts on Reddit and less news. Way more UK-based questions though which is where I contribute when I can.
Holy sh*t. I woke up this morning at 5 am and couldn’t sleep so I started browsing Reddit. It has to be the most deranged site I’ve ever been on. It makes Twitter look normal. It’s so left-wing that it’s shocking to the conscience.
I always find it fascinating how Americans somehow manage to make everything political. It's like you guys must be at war with something, if not another country then yourselves.
Reddit is basically a curated blog, it is what you make of it. If you're browsing r/all, then you're doing it wrong.
I’m browsing my hometown Reddit. Is that curated enough for your taste? A center-left area where on Reddit you’d think it was Soviet Russia. Everyone who is opposed to trans ideology in schools is a “fascist.” You read a random article about a tree down on the road and it somehow morphs into “Trump’s fascist MAGA authoritarians can suck a fuck!” I’ve never quite seen anything like it. But yeah, I guess being shocked at my moderate city’s subreddit reading like Pravda makes me political.
It's what happens when your life is too easy and has no problems. The human brain exists to solve problems and when life in the US doesn't give you any, the brain creates it's own which is why the entire country is completely divided and fighting eachother over pronouns to feel a sense of purpose in their lives.
is this sarcasm? Reddit is ridiculously left wing...
100% dude, that's why I never use Reddit anymore unless it's for random questions on Google (i.e. what are some new hobbies you recommend for a guy in his 20s?)
Reddit has a very strong anti-work sentiment to it. Even the glorious accounting sub has been overrun with lazy and dumb people. It's fine to want to make 70k a year your whole life and not have any ambition but the people there make it hard to have a discussion about just about anything that could be considered beneficial. I'd rather talk to a Big 4 kool-aid drinker than some government yokel any day of the week.
When Citedal left Chicago, you would not believe the number of Redditors who were cheering this. Yeah, it's amazing that Illinois just lost a firm generating 20% of all U.S. trading volumes, that's gotta be great for the city. Truly a bunch of morons who are happy to benefit from fruits of capitalism but deride it at every turn
Majority of reddit doesn't even make close to $70k. If you start talking about wanting to earn more than your current role (like going from $70k to $100k) they'll be dumbfounded that you even make $70k and will start complaining about how poor they are. Just a sad gathering place for the uneducated.
They aren’t uneducated as the uneducated tends to lean conservative.
Reddit comprises of college educated kids who wracked up student debt studying liberal arts / humanities at a no-name school or getting graduate degrees in esoteric fields that aren’t employable. If you don’t study the right disciplines in school and go to a decently ranked school or go to a target it’s very difficult to see six figure compensation.
I have no idea where this idea is coming from, but WSO 100% does not encourage risk-taking behavior. Yes, people on here worship prestige, but this is about the most risk-averse community you can possibly imagine. Every single post that asks about exit opps, that asks about GPAs, about trajectory, etc.... all of those may as well be subtitled "A Risk Averse Person's Career Guide."
Which isn't surprisingly. Wall Street in general isn't a place that rewards risk taking behavior, and certainly not at the junior and mid levels. It's a place to grind out large guaranteed salaries without ever having to risk anything of import.
As a fresh graduate. My experience between WSO and FC on reddit was day n night. Tbh tho, WSO is the og and helped me find Finance. However I got referrals for interviews from friendly people like PM's, VP and nice people on that reddit sub. Also a plus, is the darker things like racism or sexism doesn't seem as tolerated on that sub ironically considering its reddit.
Interesting take- I've browsed that subreddit a few times but TBH- and as an older person- I'm finding Reddit just full of fairly uneducated people.
It's like reading Kiplinger's Personal finance (go ahead and pick up an edition or read an article/ you'll die laughing). That's the audience the financial careers subreddit appeals to.
I (bottombuckethardo) shitpost on both.
example: https://www .reddit.com/r/FinancialCareers/comments/pl4312/is_it_acceptable_in_this_industry_to_be_dating_an/
Reddit is just like WSO only you can click on someone’s profile and confirm your suspicions of how weird they are.
This so funny, I’ve actually moved over to Reddit when I want to waste time now because of all the whining my comments get over here and the other day I went off on someone in that sub and someone actually responded “Is this smoke frog?”
LOL.
WSO is the more prestigious forum.
One time on r/financialcareers some guys gf put a post about how her man was a Wells Fargo teller and wanted to break into finance as he was a recent college grad. I reached out to her telling her I'd be glad to speak to her bf as I was a former WF teller and recent college grad who joined their analyst program. I gave my WORK email and got an email from the gf again who was trying to plan it on his behalf. I said I can speak to him directly and she said he doesn't trust this stuff.Anyways at this point I was incredibly annoyed and told her to forget it and how unprofessional it was. Maybe I was a Karen but I can't stand pussy guys like that
Nah I agree. Seen this a couple times. If your girlfriend/brother/friend has to act like a mother to a 7 year old child for you then you're not worthy of any help tbh
DAMN lol shit, I think I know who you're talking about? Asian girl, kschin, right? LMAO
Reddit lacks testosterone
.
Suscipit dolores et dolor voluptatem qui rerum. Esse nobis deserunt hic illo animi cupiditate voluptatem. Maxime nemo aperiam numquam rem omnis fugiat ut. Voluptates consectetur accusamus nostrum totam. Ut cumque quibusdam voluptatibus. Perferendis harum harum accusamus iusto quis sed.
Repellat nihil hic sapiente accusamus. Omnis quasi est quia sunt expedita. Non voluptatem odit necessitatibus sit porro delectus tempora hic.
Earum et nulla nihil adipisci. Autem quisquam aut molestias quod fugit voluptatum velit. Eligendi explicabo similique perferendis pariatur omnis illo ad.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Amet assumenda quia inventore at laudantium aspernatur qui. Nisi eligendi dignissimos aut necessitatibus eveniet et. Voluptatum laudantium corporis non maiores doloremque veritatis inventore.
Delectus est aut maxime sequi libero. Velit neque sunt dolorem est vel qui ut officia.
Suscipit voluptatum odit tempora est velit. Rerum dolorum culpa dignissimos occaecati. Quaerat et voluptate laudantium maxime optio qui itaque. Vitae optio sunt quidem omnis non. Laboriosam harum ipsa voluptas eaque molestiae nisi et.
Ad quia nam vero a expedita. Vel voluptatibus corporis adipisci error unde dignissimos dolorem. Officia et quas molestias est non eius saepe.
Dolor sit nisi dolor totam sint illum. Facere libero aut qui ad aut. Velit totam optio ut voluptatibus omnis perspiciatis dolor nesciunt. Earum dolor dolore aperiam velit dolorem et cumque. Perferendis quaerat velit in sit atque. Neque culpa et reprehenderit in quae quos maiores.
Perspiciatis consequuntur reprehenderit commodi consectetur. Rerum dolorem aliquam officiis ut ipsum ea omnis temporibus. Vel placeat maxime vero corporis ad. Quo commodi doloremque esse voluptatem enim.
Ipsa aliquam iusto aut doloribus et provident. Aut ut dolore quia aut. Et accusantium perferendis tenetur sapiente. Sunt modi temporibus animi exercitationem quas doloremque necessitatibus. Et quia accusamus dicta reiciendis.