Find me a job and I'll give you my first weeks pay

Once hired by the firm, after I receive my first paycheck, I am willing to pay my first weeks salary to the individual whose efforts resulted in me being hired by the firm.

I am looking for an entry level (0-3yrs) position in Asset Management or private equity. Some responsibilities I would like to have are building financial models (including valuations or trading models) or econometric models, interpreting models to help make investment decisions, analyzing prospective investments, researching the company, bond covenants, etc, and being able to recommend investments or strategies. I am absolutely willing to learn, meet strict deadlines, and work long hours. I would like to work in NYC or Boston, but I am open to other locations.

http://www.razume.com/documents/15461

 

great initiative, good luck in your search

_________ John Tabacco's raw, unique market commentary based on real information from real short sellers: http://www.TheDailyShortReport.com
 
[Comment removed by mod team]
 
Best Response

pretty impressive resume ...yet at first glance would doubt your abilities/skills in the technologies that you listed. i presume that you have had experience with all of them, but to say that they are a skill of yours? Esp with the fact that you list no relevant coursework / internships / outside projects in those technologies. A lot of strong technical guys would have a tough time listing all of those languages as a "skill"... An interview with a senior technical person who will quickly change your opinion of what it means to list those languages as a "skill", as there are many intricacies to those languages...just my 2 cents from experience.

But since you are going for AM/PE there is a really good chance no one will call you out on those skills so it def. adds to the impressiveness.

I could be completely wrong and you could be some baller dude and so if thats the case my bad...that's one pretty sweet resume. I think I can forward your resume to a couple places.

 

Arn0601,

Your right, C and C++ are difficult languages. I would argue that most programmers or software engineers feel as though they haven't fully grasped both of those languages, as you mention.

At the same time, I am comfortably proficient in each of the languages listed. Most of the languages were gathered through various classes. In high school, I started learning C and C++ in a class. During that same time, I started using Linux, Red Hat, and while in college, Debian and Ubuntu. To make things easier, I started learning Unix commands, which inevitably lead to me making custom scripts to make multiple tasks easier.

As for Java, as a mathematics major I had to take a Java programming class. Having a background in programming, I started as young lad with Basic and QBasic, I decided to really spend the time and learn it. Read a few books, did all the projects required of the class. Afterward, I started working a option trading platform that would recommend option strategies based on the risk profile of the user. The idea was to utilize real data so the user could invest right at that moment. The data was free and only end of day,so it never got utilized. At the moment, the source we had no longer exists.

As for Mathematica, Matlab, and VBA, it is a similar story. I was forced to use it a class and then I would read more about it and do a bit of a side project to help me learn more about it.

As you noted, I have never really done any programming projects for a position I have held, besides basic VBA to make my life easier. Programming to me has always been interesting and fun, so I learned it. The same reasons I learned about investing on my own at a young age and augmented it with a formal education.

 

What if 2 or 3 people help you at a firm. Will you divide 1 week's pay? That's not much incentive.

I mean assuming you're looking for an analyst job... best case you're getting 75k... weekly pay is jack shit. My firm is hiring but I'd get more utility out of using my time to make fun of you then go jack off than helping you for a grand after taxes.

 
ThaVanBurenBoyz:
wingman12:
My firm is hiring but I'd get more utility out of using my time to make fun of you then go jack off than helping you for a grand after taxes.

Eh, go with the former. I don't think many people here are itching to work with you.

I wouldn't want to work for me either... in fact, i hate most analysts, lol, i get great pleasure making them look and feel stupid (except the 10 percent of them who actually make my job easier, those guys are spared my wrath)

as always, i'm amazed at the number of people on this board who give advice who don't work in banking

the only way you can tell if someone in banking is writing these posts is if the response is bitter

 

Yah My BB pays 5K for recommending someone for a position (they need to accept too). So someone could help you get a job there, get your first weeks pay, and maybe even be able to get the 5K from the bank too.

looking for that pick-me-up to power through an all-nighter?
 

52 weeks in a year and ~70k base would amount to a little over a grand, pre-taxes, for 1-week's pay. This is a pittance to pay to get your foot in the door in the industry considering your resume and the current economic climate. A 3.2 G.P.A. from Umass Amherst with no transaction / banking experience will make PE a real longshot for you. I don't know the requirements in Asset Management, but I do have a friend with IB / PE experience who is at HBS right now and had difficulty securing an Asset Management summer internship due to heavy competition for these spots. I'd imagine the same difficulty exists pre-MBA, but this is ultimately just an educated guess.

In conclusion, I'd place the value of someone getting you a legitimate PE job at your 1st year bonus, less taxes. I know I would have gladly surrendered my 1st year bonus if it meant the difference between my breaking into the industry or getting stuck on a less desirable career path.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

^^^ While I will agree that wingman is kind of a dick he is in fact an Associate. Reputation in banking is pretty important. It would take more than a grand for anyone sane to recommend someone. A sign on bonus might be lucrative enough though.

 

It definitely requiress some effort like this for people to know that you are willing to do whatever it takes. I am sure a guy with a good head on his shoulders would know that you will not let them down if you get the job. Good luck!

Maybe I do not have quotes under my name on google, but I KEEP IT REAL
 

This is awesome. I could see this type of proposition gaining some serious momentum. Shoot if it meant a lifetime in the industry why wouldnt someone pay their year end bonus for a one time "entrance fee" for hardworking kids from "not-a-chance-in-hell-non-targets"

 

Not only posted on DB, but also identified... See post #85 - the guy posted bluefalcon's supposed linkedin account.

Well, since you're telling the truth as opposed to pulling a Aleksey Vayner, being outted is not really a bad thing. In fact, your linkedin is probably being viewed by a lot of potential firms looking to hire a kid ballsy/hungry enough... so good luck.

Edit: bluefalcon... if #85's linkedin link is indeed yours, my suggestion would be to get rid of your subtitle 'An American Financier' under your name. That sounds douchey.

 

I have to agree with the dealbreaker comments. Unless you put no effort into your LinkedIn profile, your writing skills are severely lacking. Your "An American Financier" title makes you sound like an enormous tool. "During the next ten years, I will complete the CFA program, earn my CPA, complete an MBA at a top university, start my own firm, and finance many types of projects or ventures." just makes you sound like a retard.

 

I am glad to know that WSO is not the only place where lame ass college kids come to shit on people. Seriously, I can just visualize the 150lb soaking wet nerds clicking and clacking on the keyboard with a hard on because their SAT scores were higher than this guy.

To the OP:

1) You are not going to get into PE. I don't care if you give half your yearly salary

2) Set your sights on a boutique IB, corporate banking, fixed income shop, something of the like. Maybe getting a junior analyst role at an AM shop is something reasonable, PE is not

3) Remove Harvard extension school. It is not helping you

4) Get rid of all that programming stuff and lexis nexis

You have epic balls. That is good. I think offering cash is probably illegal or at least unethical. Not to many people are going to put their neck on the line for you. Try networking in Boston and find a small shop to start at. Maybe get a more relevant internship.

 
AnthonyD1982:
I am glad to know that WSO is not the only place where lame ass college kids come to shit on people. Seriously, I can just visualize the 150lb soaking wet nerds clicking and clacking on the keyboard with a hard on because their SAT scores were higher than this guy.

To the OP:

1) You are not going to get into PE. I don't care if you give half your yearly salary

2) Set your sights on a boutique IB, corporate banking, fixed income shop, something of the like. Maybe getting a junior analyst role at an AM shop is something reasonable, PE is not

3) Remove Harvard extension school. It is not helping you

4) Get rid of all that programming stuff and lexis nexis

You have epic balls. That is good. I think offering cash is probably illegal or at least unethical. Not to many people are going to put their neck on the line for you. Try networking in Boston and find a small shop to start at. Maybe get a more relevant internship.

Epic balls? A) let's not get carried away, B) balls and desperation aren't the same thing. Hard to see what's ballsy about this--this guy has nothing to lose, no job and no reputation to sully. With nothing at risk but what's left of his pride, how is this a risky gambit. It all looks careless to me. Spelling mistakes, foolish statements that belie a meaningul understanding of the industry or what industry practitioners want to see.

 

AnthonyD1982,

I agree, PE is a long shot, but it was worth mentioning just in case it did work out. I have been working on getting into International Fixed Income, as a junior analyst, as well as other AM places. Yeah, Harvard University Extension school did not go over very well. Absolutely editing my resume after all of the comments I have received. I have a job at the moment, but I will be on the look out for a more relevant job or internship. As for networking, I do that constantly. Thank you for the advice! I will use it.

 

One other thing you may want to be concerned with... is your boss/colleagues going to be able to trace all this back to you actively searching for a new job. If any of them are familiar with WSO or DB, this will come back to you.

If they already know you're looking, fine the publicity can help... if not, well, you may want to consider asking Bess/DB to take down your linkedin link lest you want to risk your current job.

 

LeatherPantz1,

Thank you for the comments! I have started to edit my resume, linkedin profile, etc. Obviously, there is a lot of work to be done, but I have learned a lot from the experience.

You maybe right that it might not have been a ballsy thing to do, but I think putting yourself out there for the public to criticize does take some courage. In addition to the initiative and creativity it took to come up with the idea to try to buy a referral into a dream job and follow through with it. You are right though, I had nothing to lose or, in my opinion, very little as many people viewed this initiative positively and from the responses I have received respected me for it. Ultimately, my success is up to me, and I am determined to succeed.

 

Any interest in working as a quant developer? It looks like you might be a good fit for a couple of open positions in a BB's analytics group. Naturally, you'd need to survive a tough interview on data structures (linked-lists, trees, hash tables, arrays) and algorithms, but if you can code in C++, you probably already know this stuff pretty well. Send me a PM if you're interested, and we can talk about forwarding your resume along- I just need to find out what your competencies are as a programmer.

Naturally, I can't take your money.

 

From 'FINS from The Wall Street Journal'

Morning Coffee 6/29

Putting Yourself Out There (Dealbreaker) A gutsy job-seeker sent his resume to Dealbreaker and said that if someone from the site helps get him a job in asset management, he will give that person his first week's pay. That takes chutzpah.

This shit spreads fast.

looking for that pick-me-up to power through an all-nighter?
 

If you end up with a job, great that's a clear vindication of the strategy, but to me and probably many other people in the industry you're trying to break into, it looks ridiculous because the whole effort is terribly sloppy and you put such a low value on your desired goal. That it's sloppy is not just an asthetic remark, it makes every fact you've put forth a bit dubious.

 

Leather,

Yes, this could of been executed better, but I stand by my "epic balls" comment. This thing can either make or break someone. Go ask that Texas kid of Varney what can happen if the financial community turns on you. This is a do or die moment for this guy. Also, rather than taking a BO job and bitching it looks like he is ready to go the distance. If someone is willing to out themselves online and risk being blackballed I have no doubt this guy would go to hell and beyond once he starts working.

Unorthodox, Yes. Sometimes you have to do it though.

 

When I saw this resume, I knew it looked familiar. I know who the OP is.

I can vouch for him.

I haven't posted in a while, but I'm looking out for him at management consultancies and finance roles. Currently in Beijing, China. The largest Chinese PE fund--run by the premiere's son--is in my building. In China, there's really no modeling experience required (inaccurate numbers), but there are 2 ways to get a PE job here:

  1. Impress someone with your caliber of schooling, which really isn't important unless you go to a US school--because everyone here goes to a Peking U., Tsinghua, Ren-da--but have no social skills and only know how to study).

  2. Walk into the door and ask for the job. I've walked friends around my floor to bump into the president, and they were interviewed on the spot. 1 girl ex-GS was about to be cut until we did the lap and introduced her to everyone.

Although neither Umass Amherst nor HES are impressive, this guy is doing everything possible, and I will say this again, everything possible to get to where he wants to be. When we graduated in 2009, we knew we were fucked. We cold-called everyday, cold-emailed, went to all the career fairs, etc. Nothing happened. We went on dozens of interviews across state lines. Just needed 1 job. But it didn't happen the easy way.

The resume isn't impressive to me, but what impresses me is that the OP learned networking the hard, round--about way. And sometimes, that's throwing a Hail-Mary. Just called him, and he's going to follow up with every email from WSO.

My experience: 15 months job hunting, no result. Never got a single paycheck, washed dishes, built websites, got dumped, but never felt sorry for myself and kept going. Took a summer associate position at a top 4 advertising agency, bought a one-way to Beijing, paid my 50 yuan to shake hands at networking events, walked into random offices and had people hold the door open--and got my lunch interviews this way. MS, DB, Deloitte, GS, under-the-radar PE you never heard of, top firms.

It works. Don't be afraid or ashamed. If you needed to feed your family, you'd do the same.

(Also glad comments here are more helpful on this board than on DB)

 

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