From Homeless to Front Office

About a year and a half ago, I posted about getting 20+ interviews and no FT offer (20 Company Interviews Later...No FT Offer looking for Advice). I wish I could say that I quickly got a job after that, but that wasn't the case. I'm going to be very vague about certain details, because I'd like to remain anonymous.

Working in finance has been my dream since I was about 12. Around 14, I decided that I wanted to do IB. I started seeking out any and all finance mentors I could find, in addition to reading the news, getting magazine subscriptions, watching CNBC/Bloomberg, etc.

My passion was self-directed

I'm from a very poor community. For perspective, I had neighbors without running water, a neighbor without electricity, and I knew someone without indoor plumbing. Yes, this was in the U.S.A...just in the parts no one talks about. There was violence. I don't want to describe my home life too much. It's too painful. It's too revealing. I'll just say that it was very 'volatile'. That's why for me, investment banking meant so many things in terms of financial independence, being part of a community full of intellectuals (to an extent), and status. It was (sorry MLK) my promised land.

Even so, I was not naive about my status in the world. As both a female and a URM, I knew that it would be even more difficult to break into the high finance world. I started networking and interning as a freshman. I spent thousands (no exaggeration) on networking events, conferences, and industry organizations over the years. I had up to 3 jobs at a time so I could cover my school costs as well as my career costs. This was all so I could meet people with the hope that one day they'd admire my intelligence and tenacity enough to provide me with a lead. When I was 15, a finance person told me that who I knew would matter more than what I knew. While people made fun of me in college for spending money to 'meet' people, it made sense at the time.

Now flash forward to my senior year. I had multiple high quality internships under my belt, not bad grades (considering how much I worked), and tons of people that I'd met in the industry. My school's career center knew and loved me. I never thought things would get so bad...

****Disclaimer for the people who want to say it's easier if you're a minority.****

I don't want to hear anything about companies' diversity programs because that only 'helps' if you're at a target school! There was something in my previous post that I purposely omitted. I didn't want it to turn into a crap show. At some point, there was a lull in the amount of interviews I was getting. Around December '14 things/calls slowed down significantly. I changed one thing before I started to get a faucet of call backs. I refused to check my race, or fill out an application where it was required. No agenda here. I'm just being 100% transparent now.

***End of disclaimer*****

After graduation

Anyhow, I graduated without a job and began to move around from place to place. I kept being persistent. I lost count of how many applications I submitted after 350. I kept making calls. I kept seeing people, eventually maxing out my credit card to have those coffee conversations. It was difficult to keep up appearances. My friends started calling me stupid, dreamer, a leech (for couch surfing even though I bought my own food). I was told to grow up and be realistic. They encouraged me to give up.

After running out of money and hospitality, I found myself sometimes sleeping on the subway or train station. It was scary and painful and cold. At my lowest/poorest point, I could only afford to eat one bowl of cereal a day. I lost around 30 lbs between graduation and my hardships. I was able to do some part-time seasonal work, but while I had that job and was couch surfing, I had to pay for my stay, so I saved nothing. By the time I was permanently kicked out, I was maintaining odd jobs (one of which was a bathroom attendant) while trying to interview for my stable positions. (I just want to say if you walk into a club bathroom and there is no vomit or urine, please tip the attendant. I swear they do more than hand you paper towels. It's just the only way you can see them.)

Anyhow, I would be lying if I said I didn't go to a deep dark place. I thought many times about walking in front of a moving train. I saw so many years of work go up in ash. And for some reason, people in the industry began to express that I must not be trying hard enough. I could go on and on about the shitty things that happened. These are on the mild side.

However, I'll just end by saying that eventually I got the offer. An alum knew someone who knew someone who knew someone who was hiring. I had 4 different rounds of interviews before I got the job, and I'm very happy. Sometimes it gets annoying to hear people brag about their fathers getting them the job or seeing frat boys that barely graduated with no relevant experience go to more 'prestigious' institutions. But I'm never bitter. I see it this way: I've already weathered one of the largest downturns in my life and anything the markets throw at me will be no big deal.

For all of my struggling monkeys, persistence and consistency in the face of adversity will pay you dividends! You got this!!!

Mod Note: Best of WSO, this was originally posted December 2015

 
DickFuld:
Nicely done.

I like my women birthday wishes like I like my coffee: tnebStrong, black, and full of Sapphire my ip. You fit at least two of those criteria and two out of three ain't bad. Three is a trifecta.

That's hot. Call me when you're in New York.

(Just don't tell my wife (or Sharon)).

Working in finance has been my dream since I was about 12. Around 14, I decided that I wanted to do IB. I started seeking out any and all finance mentors I could find, in addition to reading the news, getting magazine subscriptions, watching CNBC/Bloomberg, etc.

 

If this is all true please message me when you're looking for the buyside. I'll be happy to provide you all the recruiting resources I've aggregated and provide any help I can.

"If you want to succeed in this life, you need to understand that duty comes before rights and that responsibility precedes opportunity."
 
undefined:

If this is all true please message me when you're looking for the buyside. I'll be happy to provide you all the recruiting resources I've aggregated and provide any help I can.

Thank you! It's all true. Nothing I wrote was an exaggeration, and there are actually several more crazy things that happened, but were omitted for various reasons.

 
undefined:

Congrats, that is definitely one hell of a story. Your attitude is incredible regardless of what you've been through, and your experiences only make it that much more impressive.

Thank you. I struggled with whether or not I should share my story. But over the months my conscious would not allow me keep it in. I believe in the power of being positive. But I didn't want to give some sunshine and lollipop rendition of what really happened. Everyday at work, I make sure that I start the day with a smile on my face. It doesn't matter how tired or stressed I am, it's just a self-reminder of how lucky I am. I'm not saying I always end the day that way, but I truly believe that attitude determines so much in life.

 
undefined:

Great Thread.This puts a lot in persepective for me again.

Thank you! I am happy to hear that. My mission is accomplished. When I was job hunting, I was relentless. I talked to/ called/met with everyone I could from analyst to CEO. I once talked to a global head of IB at a BB firm that I won't name. It was literally one of the most crushing conversations I'd ever had in my life. He ripped me apart for having a low GPA (he said working/supporting myself was a poor excuse). He called me stupid (he said that if I was truly intelligent then I would have gotten a return offer from my internship). And he stomped on my dreams (he said that I was basically damaged goods and that I'd never get an offer in IB so I might as well move on to other things). It was 30 minutes of torture. I cried for days after the fact. (I'm not a big crier.) For a month, I half assed applied to things, before I snapped back to reality. It was actually around December '14 when this convo took place. In hindsight that was stupid, and I just don't want people to make the same mistakes as me.

 

Did you know that people that feel like they've come from the same sorts of suffering (which many 100% of the time haven't) are less understanding of those that have gone through the real wringer? In the words of a famous HBS alumni graduation speaker - "You go out there, and prove them wrong. Each and every one"

 
undefined:
undefined:
Great Thread.This puts a lot in persepective for me again.

Thank you! I am happy to hear that. My mission is accomplished. When I was job hunting, I was relentless. I talked to/ called/met with everyone I could from analyst to CEO. I once talked to a global head of IB at a BB firm that I won't name. It was literally one of the most crushing conversations I'd ever had in my life. He ripped me apart for having a low GPA (he said working/supporting myself was a poor excuse). He called me stupid (he said that if I was truly intelligent then I would have gotten a return offer from my internship). And he stomped on my dreams (he said that I was basically damaged goods and that I'd never get an offer in IB so I might as well move on to other things). It was 30 minutes of torture. I cried for days after the fact. (I'm not a big crier.) For a month, I half assed applied to things, before I snapped back to reality. It was actually around December '14 when this convo took place. In hindsight that was stupid, and I just don't want people to make the same mistakes as me.

Holy shit. What the fuck? This guy sounds like a complete and total asshole. It's amazing that the global head of IB at a BB would satisfy the banker stereotype of 'asshole'.

 

That story about the head of IB at a BB makes me so upset! That piece of shit doesn't understand the real world & needs to be punched square in the face. Thankfully that generation is dying off or being run out of the workforce. Complete incompetence.

I was watching an interview with Chris Sacca, he was discussing one of Uber's greatest challenges which was underestimating the full blown corruption in the government. I think once more disruptive fin companies come along the corruption in BB's, etc. will soon be run out as well.

 
undefined:

Just wow. Love these type of stories. Reminded me of the Pursuit of Happiness, which btw is my favourite finance type movie.

Thank you! I mentioned on one of the earlier comments that I'm 99.9% sure that if I had a kid, I wouldn't be able to this. But then again, most people thought I wouldn't be this far either, so who knows.

undefined:

I could totally relate to a lot of the things you went through.

While I'm not happy to hear that bad things happened to you. I am happy to know that I'm not alone.

undefined:

Congrats on your offer and best of luck in your career - you're definitely one to watch!

Thanks again! My aim is to be successful.

 

Thanks for sharing your story. And congrats to you, can definitely take whatever life throws at you.

He who is not contented with what he has, would not be contented with what he would like to have. Socrates