HP12C Finance Calculator
Hey all, not sure if this is the correct forum for this, but I'm wondering how important is it for me to learn and become familiar with the HP12C Financial calculator? I've never really used one before-a little bit, but not that I'm real good with it. For those of you who don't know I'm a accounting major in college, but would like to get a job on wall street. Thanks.
Excerpted from LeveragedSellout.com:
To be fair, though, there is one redeeming aspect of the CFAs—one characteristic that is actually legit, the calculator. One of the two calculators permitted to be used on the CFAs is the HP 12C, and apart from the fact that its name sounds like some highly involved consulting framework, it is the epitome of Banker technology. The 12C embodies everything about us—elegant, bold, somehow clinging on to life in a world that no longer needs it. One look at its brushed plastic exterior and you think: “Damn, this thing is pro.”
Excel Mobile, it speaks a pure, unambiguous language: Reverse Polish, a postfix notation that eliminates non-commutative issues. So instead of having to enter 7 + (5 * 2) - 5, you’d enter: 7 5 2 * + 5 -. Direct and to the point, crisp even—exactly how Bankers think and speak. I met a model from Kraków once, and although we hit it off physically, her English struggled, blocking us from that real “same plane” level I like to reach. So as a gesture of cultural sensitivity, I decided I’d speak to her in something closer to her native tongue. Over Lil’s Wayne’s Lollipop, I pointed between us aggressively and instructed: “You, friends, 2, TIMES PLUS… panties MINUS“ Boom. “Same plane,” said her eyes.
While LSO is (was) hilarious, I think we all know that he was never a banker. He also might own the title of worst timing in the history of book releases. If you want to learn the 12c, fine, but only a true d-bag will think it is somehow a valuable skill. Get yourself a BAII+ and you can run circles around the 12c crowd. No MD in my office could tell a 12c from an abacus, nor would they notice. Get a calculator that does things quickly, correctly, and sanely.
12c is faster once you learn RPN. just has a slight learning curve
12c is absolutely essential. If you don't know how to use it, you won't get a job on wall st. I suggest you start memorizing the manual right away
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