How hard is it to land even the most lowly finance job in Manhattan?

Well! How hard is it ? Im in school right now and im trying to find out how hard it really is to land that first finance job, in even the most unknown boutiques in the area. Id be happy with any job, just as long as it has to do with a professional finance career in Manhattan.

 

Not hard at all, right now...

When the reform goes through its my hope that that will no longer be the case, and only those truly capable and devoted will be structuring debt, pricing derivatives and controlling market volatility.

I think we've proven that we've taken a lot of the prestige out of Wall St over the past 3 years, and shrinking it will be one of the best things to ever happen to it.

So chances are even if you got in now your firm, fund, or job, may no longer exist in 1 year.

Thoughts from somebody already in the field?

 
drexelalum11:
LOL

It's really not that hard, it'll just be a shitty job - something like customer support at Smith Barney or sales at Bloomberg. You'll be able to say you work in finance, so hopefully that'll keep you warm at night, because you probably won't be able to afford heat

LOL

 
drexelalum11:
It's really not that hard, it'll just be a shitty job - something like customer support at Smith Barney or sales at Bloomberg. You'll be able to say you work in finance, so hopefully that'll keep you warm at night, because you probably won't be able to afford heat
brilliant. SB to bring you back to even par from the insecure prick that dinged the comment
----------------------------------------------------------------------------------------- I tend to think of myself as a one-man wolfpack Buyside strongside
 

OK , let me rephrase this question. Since I am looking for a mature answer. When I speak of a "lowly" finance position, im talking about a position that is worth interviewing for in finance, you know, the ones all the ivy league students go for, except at the not so popular institutions. Thats all I am trying to say, is looking for a high paying finance job as a college graduate, even at a small boutique , hard to get compared to the "bulge bracket" investment banks/firms?

 
Best Response

OK..... I thought I joined a helpful forum willing to assist other people, based on some of the posts I reviewed. San Franciscan, you are correct, maybe I should be more specific. But I am talking generally within a high paying finance career because I really just wanted to attract more responses from other high paying professionals and maybe they can shed some light on how their interviews, and job performance matches that on "paper" per se.

I guess your 115 baboon points would count you as a senior in this forum and gives you "rights" to speak on behalf of all the distinguished members, compared to my poultry 6 points, fine. I just want to make this post worth reading becuase I am serious and content in receiving a response from some actual experienced professionals in this forum. So here is my "specific" question hopefully I can get some worth while responses........:

Is the competition for investment banking analyst positions for boutiques just as keen as it is for bulge bracket institutions like GS?

 
10243406:
...compared to my poultry 6 points
aaaaaahahahahahaha made my day
----------------------------------------------------------------------------------------- I tend to think of myself as a one-man wolfpack Buyside strongside
 

10243406, it is very doable.

Even if you are late in the internship/job-search season and looking to join with no previous experience, there are ways to get in.

Try offering to do an externship for someone through your school, or someone you know. Or even an unpaid internship: if it puts something on your resume that leads to a paying job, it will be a successful investment.

Author of Polished and former CEO of the Boston Options Exchange, Managing Director at Goldman Sachs, and campus recruiter. www.PolishedU.com, www.GetHiredBlog.blogspot.com
 

Thanks for the quick response Mr. Morris. The only reason why I am so paranoid is because I just got accepted at a top 10 undergraduate business school ( which is also a target school ), and I was just a little paranoid about the job prospects. I am transferring as a junior for fall and I am also worried if I will still be capable of landing internships since I have actually just been doing scientific research for the first half of my college career only because I had previously entertained the idea of becoming a researcher/engineer etc etc. while taking business courses.

Would it be wise to postpone graduation at the school I transfer to solely to build up an internship resume? since one or two internships don't seem like enough. ( Looking at the course schedule for classes I would have one summer available for an internship, and it is possible to stay an extra year and take additional finance classes/ electives )

 

I wouldn't get hung up over the lack of internship experience. Sophomore and junior internships are important, and that's two right there.

You can learn finance on the job. Just work on getting those interviews if your GPA/personality is strong.

 

Pruf Said:

I wouldn't get hung up over the lack of internship experience. Sophomore and junior internships are important, and that's two right there.

Thats the problem for me. I did not even have the opportunity to land an internship while I was in a community college because I was doing academic research in chemistry rather than doing internships, although I have an interest in finance.

Would landing an internship from here on pose a problem when im a junior?

 

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