What is the Holy Grail of Finance Jobs?
Of course, a Goldman Sachs job is seen as near the top of prestige, but I’ve heard others say getting into a top PE firm out of undergrad is even more impressive.
Assuming you are an extremely hard worker, attend a target school, and have top 0.1% networking skills, what is the best case scenario job out of undergrad possible?
Cucking Margot Robbie’s husband on the regs and getting paid BB/EB Healthcare IT success fees for it. “I have a dream...”, etc.
big duh...multi-billion AUM hedge fund manager...which usually means GS prop trader in either Commodities, Rates or FX as the ideal stepping stone.
Prop Trader at GS is indeed a viable job out of undergrad. The various trading desks do hire undergrads (each desk might hire 1-2 undergrads every other year on avg). These are the most coveted jobs in finance for those in the know for 2 reasons 1) pay vs hours...you work essentially market hours...7am-5pm and can get paid very well (sky is the limit in trading) 2) "most" hedge fund managers started out as a trader as a BB.
Gs is getting pushed out of prop especially ficc.
Surprisingly I think Macquarie has the best numbers now.
how to get a trading role at Macquarie ?
I never understand monkey shit for stating facts. GS had a big reorg late last year because of ficc problems
"best case scenario" is really subjective
But, yeah PE/VC/HF would be stellar.
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If you’re not Steve Shwarzman making $800Ms a year, you’re peasant.
I'd guess PE or HF. Although some people here seem to really dig the PWM side. Could be an overlooked gem.
Depends on the individual.
Corporate Banking
Divorcing an MD.
under rated comment
Tobin and Company. Working for Justine
I mean, banking has gotten so competitive to the point where ugrads are willing to work FULL-TIME for free.
Starting your own business.
Amazing how quickly this was brushed over and someone even gave you shit for it.
Being an employee is not the holy grail of anything, WSO.
These kids will realize that working for someone else quickly becomes fucking miserable. I encourage anyone I speak with to start a side business, invest in RE, teach part time, anything. If you have to work for someone, having multiple income streams at least makes things a little better.
I show up to work because of pure greed and lifestyle comfort. I couldn't imagine HAVING to show up to work as my only way of making ends meet.
Presuming we are leaving out the "starting your own/rising to CEO of one of the Largest/most profitable companies in finance, (Excluding the Mike Bloombergs, Lloyd Blankfeins, and David Shaws of the world) I'd say PM for a major Asset manager or PE/HF shop has to be high on the list. Our highest paid lead PM makes roughly 5X what our CEO does at a major public AM. I think it can be even higher in PE/HF world. The hours are also less insane, because quality is more important than quantity. Make the call right, don't spend an extra hour making the powerpoint pretty. (you have people for that)
I think your point is valid, but OP asked for job and out of undergrad. But yes, AM is a great career path with manageable hours if you get yourself on that career path.
Trading mortgages at Salamon Brothers.... duh!
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YCombinator isn't an internship lol. The whole idea is to refine the idea, raise capital then pursue growth.
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Definitely MD of Tobin & Co
hard core quant strategist but u probably need a degree in financial engineering.
Why is hard core quant strategist the holy grail?
"Assuming you are an extremely hard worker, attend a target school, and have top 0.1% networking skills, what is the best case scenario job out of undergrad possible?"
Given these circumstances, I guess that is the only type of job available. Most of the quants that I met are like this.
Not sure it is even possible to give a general answer to a question like that if it is meant as an entry position. I assume the real holy grail would be to skip the normal process anyway and get a position which gives you more freedom to make your own decisions/failures at an early point.
Early retirement.
Venture.
I'd say that something like Goldman Merchant Banking or working at a place like Qatalyst would be towards the top of positions that hire undergrads every year.
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