Trending Content
| +106 | When you can’t measure up | 13 | 1d | |
| +82 | Zoomers are doing life wrong | 25 | 1d | |
| +52 | How to get rid of prestige obsession | 24 | 22h | |
| +44 | How to develop a thick skin? | 22 | 3d | |
| +36 | Analysts & Crying | 13 | 2d | |
| +33 | Insurance as High Finance? | 10 | 3h | |
| +29 | Would you rather live alone in an outer borough or with roommates in Manhattan? | 21 | 7h | |
| +27 | Framed Photo of CEO on desk. | 14 | 2d | |
| +23 | BO -> ??? | 14 | 3d | |
| +20 | Anyone ever invest in a gym? | 10 | 6d |
Career Resources
My retail job in high school. Complete and utter bullshit
Advertising: You will help drive our understanding of institutional alpha portfolio construction and engage closely with the CIO, client relations, and senior investment professionals.
Actual: These clients have a 60/40 portfolio rebalance it quarterly. Engaging closely means, sending an email to client relations, saying it's done.
Internal Audit at a bank, coming right out of college - I didn't know any better.
Advertised: Fast paced, something new every day, fun, risk analysis, financial analysis, and important to the bank
Real: Control testing (doing the same things 30+ times on an excel sheet) a few times/day, reading over contracts that were signed 4 years ago, everything takes forever, no finance involved at all, checking over operations procedures, mundane work and literally saw no value to the bank at all..
So glad i got out of there.
I did this at a big 4 and it was equally as soulless, the only caveat was that my clients were in a variety of industries so at least I got to change my surroundings every so often. My mental health is thanking me for getting out.
+1 SB for commiseration,
Glad we were able to do something else that is more fulfilling to us. I saw the misery and regret is a lot of the Senior Auditors and managers i worked with.
Corporate finance where a former IB MD became finance manager/controller and ran the entire accounting/finance group like an IB commanding ridiculous hours. The entire team almost turned over. Then he was replaced. The end.
Why did a former IB MD even waste his time becoming a controller? How did he even get the job? The skillsets are so different
Rumor was he was forced out for poor performance. Then he couldn't hack it in corporate finance.
What are you making people do in a CF role to get them to IBD hours/intensity? I feel like that is just a waste of people’s lives given that you’re not originating any revenue.
This guy was out of his mind and wanted updated dashboards, renegotiated lines of credit, different CAPEX & D&A tracking/reporting, and so forth. Just making us work for work sake. He also had us change auditors after he pissed off our long time big 4 team.
The CF area was not a bullpen as he remembers from his glory days.
I was hired for an acquisitions role and became a residential property manager.
Right when I was hired, the property manager of an existing asset was fired, and because the property was 95% student, and leasing was behind with only three months to go, they needed someone to step it immediately. Without any experience except for office brokerage in my history, I stepped in and leased the place up. I was given a small bonus and then I asked to start my real work. Unfortunately, I had proven that I was good at my temporary role, and they decided to keep me there.
I went to graduate school instead.
They should have paid you $50k minimum bonus for pulling that off. On the plus side you probably learned a ton...
Hah, take a zero off of that...
Did a couple PWM internships where I just cold-called for hours. It fucking sucked and was far less rewarding than my high school job stocking shelves at a grocery store. The advisors were complete dummies too.
Got recruited by a fop-ish guy on campus for a "financial advisor firm" - i.e. MLM where you got pressured to sell ETFs to your network. We even mapped our friends and family in a diagram and went to an "motivations event" where the (admittedly pretty cool) CEO spoke. Even had to pay for that event out of our own pocket. And all under the name of "making it" and "hustling" and all that. Left those idiots after a few weeks because I saw through the BS, but some of my mates got hooked on that train.
Harum et fugiat quo. Deleniti magni quaerat et enim. Ab voluptas nihil debitis voluptatem aspernatur.
Similique quasi omnis qui sed sed non necessitatibus sit. Atque non quia a adipisci at itaque. Sed sit autem aut praesentium recusandae nemo. Suscipit cumque accusantium qui pariatur quo sequi.
Et omnis consequuntur quasi officia aspernatur quidem. Inventore eum harum in non perspiciatis. Qui nihil qui corporis quia deserunt temporibus fuga libero. Voluptatibus quas eos impedit iste culpa voluptas.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...