Move to NY Work for Free!
I swear to Christ if another person tells me to work on "ad-hoc" projects in an unpaid internship with no guarantees, if only I would "be in New York", I'm going to fucking strangle someone.
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I am guessing you are not a fan of this?
So I take your current strategy is working and this advice is unsolicited
ibdafuture257 - Duh. happy - my current strategy involves contacting everyone in finance with more than two nickels to rub together and asking for a job. Any advice is always solicited, but at this point I'm about to give up and just go on welfare.
Or, instead of going on welfare, you can take the advice that you have, obviously, been receiving to the point of homicide because maybe, just maybe, if that many people tell you its a good idea...it is.
monkey: This is how I got in with shitty grades from a state school w/ a liberal arts [psychology] degree - you work for free, and once you're online you leverage that against a FT position. I spend about 95% of my off work time looking for the next new thing and how to beat the gatekeepers. Once you're in, then you learn what you're doing; do it well and do it quickly, and then rachet up the levarage for the next thing. It's a lot easier to get something once you have something to bargain with. If you can afford to not work, or have GOOD credentials then more power to you, but if you were a lost soul in college and have to work another job at night (like I did) then so be it. It proves that you're committed and resourceful: are you going to MAKE THEM MONEY. Hang in there, you can do it.
My path - free EQR intern -> market research -> BO -> now interviewing for MM ER / BB MO / boutique FO / applying for MBA (and making progress).......bartended at night - which by the way, is an AWESOME way to meet a lot of people really fast. I'm also helping a few friends do the same thing [good karma, why not?]
It's ugly, but it works.......
.
You’re bumping every thread you ever posted by doing this. Why?
I wonder the same thing. Feels like this guy is just trying to get his bananas up or something. All these 2011 threads for no reason.
I think he/she's just deleting comments from past posts
Yeah, see that's not how it works. This guy I talked to today said, "Yeah maybe move to NY and I could send you something now or then." That's not a SA position at a bulge bracket where it's official - hell he probably wouldn't want me to even come into the office. Meanwhile I'm dropping 10k on rent alone.
He might as well have said, "It'll cost you 15 grand and a year of being jerked around just to talk to me. Fuck off!"
What a prick.
"For anything worth having one must pay the price; and the price is always work, patience, love, self-sacrifice - no paper currency, no promises to pay, but the gold of real service." -John Burroughs
"He had heard people speak contemptuously of money: he wondered if they had ever tried to do without it." - W. Somerset Maugham
Money's not an issue until you just don't have any - the Marine recruiter :)
Yes. Agreed. You speak wisdom.......and after 3-6 months of no pay, I think: fuck.you.pay.me and look for a better situation.
"The key to success in life is honesty and fair dealings. If you can fake that, you've got it made" - Groucho Marx
You'd think that if you ran a several billion dollar HF you'd have enough money to actually pay a guy too. Seriously.
If you can't afford it (which 90% of people can't) it's a terrible idea. Have you tried finding unpaid internships near where you or your parents live?
I live in Chicago, which has a ton of HFT/Commodities, but there are no open internship positions that I am aware of.
No open paid positions perhaps but life gets a lot easier when you start telling people that you're offering free labor...just a thought
And if you live in Chicago already it shouldn't be as big a deal as moving to NYC for a free internship
My spider sense tells me that given the above info + your profile, if you sent out a massive payload of emails, cold calls, and knocked on some doors, you could probably have a free gig by the end of the month. Then after 2 weeks, use the same approach for a paid gig, spin the hell out of your story, and by the summer time you could easily be in like flynn. Hell, I live in the tri-state area and used to literally walk up and down Wall Street talking to random people. (and yes, most of them looked at me like I was nuts)
A lot of people in finance seem to trap themselves into the highly formalized recruiting rituals, but if they don't yield results, you have to take matters into your own hands.
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