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
Holy shit. I'm not even sure what to say.
And... The Force Awakens !
Never Happened.
Agreed, could have become a waiter at the very least to not be sleeping on trains
Nicely done.
I like my women like I like my coffee: Strong, black, and full of Sapphire. 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)).
Yes ! +1.
DickFuld , I am waiting on your "9 Quick Pick-Me-Up Power Moves" post.
Seconded. You can make it into an e-book.
This actually made me chuckle out loud.
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.
You kept shooting till you hit the target. Well done.
Thank you. My goal is to convince others that if they really, really want something, they can obtain it.
You just Chris Gardner-ed it :) Well done!!
Thank you, although you're too kind. If I had a child, I'm 99.9% sure that I wouldn't be here today. That's not to say that it can't be done (he did it obviously). He's the true MVP.
You're an inspiration to us all. Keep at it :) You're the MVP too.
Phenomenal story! Really puts things in perspective..
Thank you!
wow, just wow. you are the future Carla Harris.
care to elaborate on your current role?
Thank you. I sure hope so. She's one of my heroes. I don't want to go into too much detail because no one in the firm knows my story. But I work for a MM firm and I'm on the investment/Asset Management side.
thanks for sharing your story!
thanks for your kind words and glad the site has been so helpful to you! maybe we met at the first conference?
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.
Happy for you and wish you and others struggling the best !
Thanks! All the best to you as well.
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.
absolutely phenomenal story, congrats on your accomplishments
Thank you very much!
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"
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.
Way to make life your b***h and go after what you want!
I try :D
Amazing and inspirational post! Thank you for sharing!
Thank you for reading!
Amazing story. Wish you the best.
Great story. Congrats.
http://www.wallstreetoasis.com/forums/20-company-interviews-laterno-ft-… Here's her thread from over a year ago. Some interesting comments on that thread lol.
Well in fairness to them, I heard similar/worse things from friends and family. They underestimated passion. But I just want all the monkeys to know that if you truly want it, you can have it. It may be hard as hell, but getting into banking is not impossible.
Hard to take it seriously when the name is itzwhitneybitch.
Next up: From deceased to front office.
"It was (sorry MLK) my promised land." lol
Nice username..
holy shit
Just wow. Love these type of stories. Reminded me of the Pursuit of Happiness, which btw is my favourite finance type movie. I could totally relate to a lot of the things you went through. Congrats on your offer and best of luck in your career - you're definitely one to watch!
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.
While I'm not happy to hear that bad things happened to you. I am happy to know that I'm not alone.
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.
You're welcome. Thanks for reading!
Keep it up, you're a beast.
Thank you!