I had a 3.5 (will graduate with 3.4 probably) from a non-ivy target going into full-time recruiting wanting to get into trading. I go to a pretty good target, in which in prior years people wouldn't think of applying to ops.
So October came a long, and things were going brutal, so I decided to apply for Operations. Got a few offers, went with the one in NYC. By the time I had to give them a response in mid-November, I wasn't close to a front-office NYC job , so I accepted. (my friends and girlfriend were going to be in NYC, I wasn't going to go to something like North Carolina)
At first, I felt defeated and like a wuss. As I said, operations has a bad reputation in my school, and very few people bothered to apply to operations as a back up. I was very worried about exit ops, and all the things you normally worry about when you don't get your dream job.
But I must say, after seeing how the last few months played out I'm relieved. Many of my friends with much better GPA's and much better summer internships currently have no job, or recently were forced to accept jobs much worse than BB IBD operations.
Furthermore, after I had a job offer, I was able to enjoy my life a lot more. I must say, I really dont know if I would have enjoyed the stress and 5:30am wake up trading would've entailed at this point in my life, even if it meant more money. I've come to realize upper middle class is fine, and being rich gets pointless after a certain point. I'm sure if i get a front office offer some day ill take it, but my NEED to get rich has definitely gone away.
I'm sure some people will think im a wuss or lazy for settling for an operations job, but don't know, I feel pretty happy right now.
that's awesome, man. I'm glad you're having a good time and realized what's important to you.
Congrats man. I wish you the best of luck.
I found out the less I come to places like WSO and CollegeConfidential (years back), the happier I feel about my decisions.
Do whatever makes you happy and take advantage of your shorter work week.
Amen! When I was recruiting for SA positions, I really wanted to work in ER. I got an internship and was very excited and started reading this board to get ready for my summer. People here got me feeling bad that I chose ER and I started to regret that I didn't go for IBD.
I did my internship and I loved it - got a full-time offer. Started reading WSO again, which got me doubting and thinking that IBD would be better, so I even went recruiting for IBD and restructuring positions for full-time. In the end I realized that ER is what I want to do and took the full-time offer.
People here have really big egos and can put a lot of doubt into your head; don't let them get to you!
I'm in UBS OPs, and we got one yr deferral. with 15k comp to not show up for one yr.
The two I rejected were UBS and Deutsche, I considered UBS for a bit since you are right next to the traders which would make front office transitions a little easier, but i decided to stay in the city. Deutsche paid time and ahalf, and i almost picked it, but my friend said jobs were going to get outsourced away from nyc soon,
but ya thats REALLY dickish of UBS, during the interview stage, I got interviewed by a really high up, executive director or something, and explicitly asked him about this, and he said BS was expanding their ops program because of increased volatilty and presumed future regulation.
Was just talking with some friends today about some really talented guys who just haven't found fulfillment despite being rockstars at what they do - congrats on figuring out what makes you happy. Takes some people decades to do that...
For sure dude. Money/being rich is only a fraction of what makes up a 'happy life'. You got other bases that need to be covered.
Plus, you'll actually have time to enjoy NYC! Heck, if I was you, I'd be pretty excited.
Good luck.
I'm doing a SA stint as PWM at a BB. I think if you want, you can still go for front office through a MBA reset or perhaps move once the market picks up. Good luck dude!
im glad you settled in life. you weren't destined for greatness anyways so have fun with my tax returns
You're an asshole. Your not destined for greatness with your 3.9 GPA either you loser!
You sound like someone who gets made fun of quite a bit, both by friends and otherwise.
Ugh, why do people try so hard to deny others their 15 minutes in the sun?
edit: you know, upon reading OP again, I take some issue with your obstinacy against moving from NYC. A good friend of mine moved to Charlotte after graduation and the cost of living there is just so much lower than NYC, yet the salary is the same. Likewise, I find myself going west coast but that was a preference from the outset rather than "settling" (tech banking/PE/VC). Like yourself, I've gone to school in NYC and while I'm sure I'll miss it, I made the conscious decision that I need to be where the action in my field is, and this is one field not centered in NY.
I think the real question here is of priorities; you effectively decided that being near friends/girlfriend in NYC is more important than the job - which, of course, is your decision, but you will find that the vast majority of people here would disagree with you, hence some of the piss-and-vinegar replies in this thread.
For sure man, if you want to settle for less attractive and more down-to-Earth girl go ahead and do it.
Watch 4:00 - 4:35. Sorry but you could not handle last 2-4 repetitions...
P.S.: go ahead and bash me my fellow monkeys...
So I'm guessing you're at GS or something? Not even close.
And btw that video was a horrible analogy to the Op's situation. You might as well post a video of a time when you were too drunk to cum and you kept fucking for 30 minutes anyways. Damn you are a true winner!
The Op is talking about job security and being happy to have an offer in this crappy economy. He's relieved he's not one of his unfortunate classmates who were dinged and he didn't rule out FO. So now I guess I can see why you did so bad in school and prob. got below a 600 on ur verbals with your shitty comprehension skills.
No one is every happy that they took a job in Ops - seriously, I would consider doing something outside of finance all together.
I'm not saying this in the vein of "IBD or Die" - Ops is just shitty work. The smart ones hate their work, their colleagues and their role and constantly rationalize their career while the dumb ones resign themselves to their fate and settle into a repetitive funk.
Tepper87, don't you go there buddy. As far as I can see, my 3.9 @ Math/Econ > 3.6 @ Business.
What do those last 2-4 reps mean? For Arnold they meant everything: fame, power, influence, achieving goals and dreams. OP could spend more time networking, more time studying, take GMA, take CFA, make the resume sound better, prepare better for interviews, push beyond the limits (non-targets who make it to banking do it all the time, we never expect anything being handed to us). Having high GPA is all about spending extra hours studying for midterm/finals.
I'd rather be an Analyst at MM/boutiques than do Ops for BB.
You're a no-life virgin striver who posts here all day. I knew your type in High School. Overachieving idiot who studied for 8 hours while everyone else studied for 2 and then argued for that 1 point on their test but got 1200 on their SATs because without spending 4 times the amount of time on something they were well below average. Plus I didn't attend a Devry caliber school like you where they taught you with AP high school textbooks. You remind me of our HS's only 26 year old retard who is now attending U.Miami and has a 4.0.
You're at a shitty shop and post on here constantly like you know something.
Not ONE of your posts has less than 3 grammatical or spelling errors in them. Do you seriously write like this? Are you always high or are you just wearing a hard hat pounding away on some Fisher Price plastic typerwriter? Look at your most recent post in "Money isn't everything" for example. It doesn't even make any sense. Please read a book or something. You know nothing about BBs so stfu.
PS: Stop parroting what you've read others say. I'd rather be Ops for Walmart than your 5-man shop.
If I am wrong and you got a better internship, then congratulations.
P.S.: from now on I'll make sure I proofread my posts. I didn't know some WSO members are so sensitive about that kind of stuff.
Again, your reading comprehension is abysmal. I also thought about working as a waiter over the summer. I did not accept the offer.
Sure PWM at ML isn't my dream job but I'd rather take either of my offers over your sob story that you posted around here somewhere (unfortunately I don't care enough to search through your history). I just remember it summarized as you having to suck some dick to get a job at a crappy shop. Perhaps you can repost it if my summary was incorrect. Plus, aren't you working FT? I still have 2 more years as I'm getting a Masters.
PS: I don't usually mind your shitty posts but your video was just too ridiculous for me not to respond to and you probably knew this as you invited people to insult you but then can't take it when they do. You should've just posted "Impossible is Nothing" to moviate the Op as it would've been even more relevant to this thread.
PPS: I love how you bring up prestige when your life story is that you are an idiot who went to a crap school and had to go through hell and suck countless dick to get the shitty job you're at. Did you get dinged at JT Marlin too?
I think you are mistaking for someone else brah. I am a Junior interning part-time at no-name shop.
P.S.: yup, JT Marlin dinged me
So in other words you have no idea about the industry nor job positions at BBs and just parrot what you read off other posts. I'm not saying I know much either (I was recently a Comp sci. major who switched majors) but at least I keep an open mind and can sympathize with others. Stern does suck right now and its great the Op isn't sitting around doing nothing like some of his peers.
PS: That sucks about JT but at least your "part-time no name shop" makes you feel entitled to spout BS and talk about prestige. I mean come on, do you even get paid or are you working for free "part time".
Wow it seems Stern really got hit hard (ie: kbluearmor's stats and getting UBS Ops).
Op: I was in your boat just a few months ago until I moved to GSAM. Which BB are you at because I know GS lets you move after you've worked there 18 months though the process sucks and you usually end up waiting 2 years for it (whereas MS pidgeonholes you a bit more).
The one thing I've noticed from browsing these boards for a while, is that the people who are assholes on this board are always people who haven't even had a SA internship yet...
Nothing wrong with starting in ops. Just have to be careful you don't get pegged there, which is an easy thing to do. I started in Ops, got out within a year to a client-facing position in PWM and the rest has been history. Fortunately I work at a shop where they are big on internal mobility... so all I can say is congrats on the spot - just don't get pegged as an ops-head. 2 years maximum.
Dude I am having fun with Tepper87 and I was sarcastic about JT Marlin. Actually a lot of targets aren't elitist, but it's fun to play with ones that are very elitist (remember LondonE1?). But what I did notice on WSO is that in most cases targets start attacking other members first.
Ah, don't let me get in the way of the festivities, just seems like every thread on WSO invariably turns into a pissing match of some variety. I'm gathering my thoughts on this and will probably write something longer in 'Monkeying Around' later...anything to distract from finals, heh.
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