People who say they're in finance but aren't

Does anyone here get annoyed when someone says they're in finance just because they work at a financial firm but does something completely unrelated to the industry?

I worked with another HR intern during my time at the PE firm. Once my summer internship came to an end, they wanted to extend my internship but I gave up the opportunity to the other girl who didn't even say thanks. Long story short, she now works full time in HR at a HF but claims that she works in finance and that her industry is Investment Management; and above all else "plans" to form her own HF with a friend who works at an IB. Before I found this out, I actually wanted to see if she'd like to hang out with some other intern friends and I but left me on read....

Just bothers me that they feel like they need to say things like that and behave that way.

Comments (32)

Jul 14, 2019

lol

Jul 15, 2019

What is this post even about lol

    • 12
Jul 16, 2019

The real question is, what language is it actually written in?

Follow the shit your fellow monkeys say @shitWSOsays

Life is hard, it's even harder when you're stupid - John Wayne

Jul 15, 2019

Didn't realise I was on tumblr.

    • 11
Jul 15, 2019
Leon Dragonov:

Didn't realise I was on tumblr.

Useless gossip and bitching and moaning about shallow topics turns anywhere to Tumblr instantly

Learn More

Side-by-side comparison of top modeling training courses + exclusive discount through WSO here.

Jul 15, 2019

So this is the type of crap that HR people worry about - no wonder it takes forever for anything to get done as soon as it's passed to y'all.

But to answer your question, yes she does work in finance, does it matter if she's actually in HR? no not really. People really need to stop getting hung up on titles and technicalities.

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Jul 15, 2019

you shouldn't get worked up over this kind of a thing

Jul 15, 2019

Think of it like this... There are two ways to view Finance... as a sector and as a field. When I say sector, I'm talking about companies in financial services, insurance, investment management, sales and trading, etc. These are companies whose core business is derived by providing financial services, be it traditional IB functions, AM/IM, wealth management, or insurance. When I say finance as a field, I'm talking about any sort of financial analysis predicated on the understanding of how a business works and analysis of the business' financial performance. So, the guy doing CorpFin at an F500 works in finance as a field, while your colleague, the HR rep works in Finance as a sector. If you view it like that, then you can always dig deeper and ask what do you do in finance to determine where they fall.

Jul 15, 2019

Everyone at the end of the day works in Finance

Funniest
Jul 15, 2019

Sounds like you're upset she won't sleep with you

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    • 1
Most Helpful
Jul 15, 2019

Everyone is a member of multiple groups. If someone asks me where I'm from, I can say Cleveland, or I can say Ohio, or I can say America. All would be true.

When people have multiple groups they can choose from, they choose the one that makes them look best. Often this means choosing the group that you are at the bottom of. This is why Cornell kids often talk about being in the Ivy League but Harvard kids just say they go to Harvard.

Its why every MBA grad has their own definition of the top tier of business schools, which always features their school at the bottom. Wharton people say the top tier is "HSW", Columbia people say "M7", Tuck people say top 10, and I can guarantee you that whoever's ranked 25th talks about the virtues of going to a Top 25 MBA program.

Its why every college football player says "I play football" while every college tennis player says "I'm an athlete".

And its also why every hedge funder says he works at a hedge fund, every PE person says he works in private equity, every IBD person says they're a banker, and every back office person says they work in finance.

It's the way of the world. Not changing any time soon. Personally I find it amusing when people really stretch it; I once knew a compliance guy at a mutual fund who would tell most people he works in compliance, but would switch it to investment management when talking to girls he wants to take home.

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Jul 15, 2019

Same when people say there from Boston but are 80 miles outside of it.

Jul 16, 2019
ironman32:

Same when people say there from Boston but are 80 miles outside of it.

    • 1
Jul 17, 2019

"Bay Area"

Jul 17, 2019

This is spot on. At my business school which is a top 5 school - see what I am doing here lol - a girl at networking events would often tell people that she worked in PE. Technically she was correct as she had been employed at one but wouldn't disclose upright that she'd been doing some back-office stuff here. Of course, that would have taken the wind out of her sail...

Jul 17, 2019

the worst are those ppl who say MY BIZ SCHOOL IS RANKED IN TOP 3 ACCORDING TO [INSERT SOME PUBLICATION NOONE HAS EVER HEARD OF]

Jul 15, 2019

so you're mad because this girl puffed up her resume and ghosted you for a date?

spend less time worrying about other people and worry about yourself. the more lines you have in the water, the less this will matter

    • 1
Jul 15, 2019

it's probably so recruiters can find her easier.

"The tranquility that comes when you stop caring what they say. Or think, or do. Only what YOU do. " Marcus Aurelius

Jul 15, 2019

The crux of this post is that you're angry some girl didn't get back to you..

Jul 15, 2019

And I bet you think Wendy Rhodes had nothing to do with building Axe Cap.

Jul 16, 2019

Let's not compare HR to Wendy Rhoades. They're more like Ari Spyros. Even that is charitable.

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Jul 16, 2019

What is his value add? His hiring always seemed like a bit of a bribe. Can't recall too many situations where he contributed / prevented a I'll advised action from happening...

Jul 16, 2019

Did you forget to take your pill OP?

Jul 17, 2019
lleekyungsie805:

Does anyone here get annoyed when someone says they're in finance just because they work at a financial firm but does something completely unrelated to the industry?

Not really, I honestly couldn't care less. It's likely a projection of their insecurities and/or inferiority complex that leads them to want to impress people through such behavior. As I said... Who. Cares.

    • 1
Jul 17, 2019

Your comment was alright. But I threw it a silver banana because your user name and avatar are excellent. You got him mid-hand-gesture. "Margin Call" is easily the most underrated finance movie. 10/10.

"Now you's can't leave." -Sonny LoSpecchio

Jul 17, 2019

...

Jul 17, 2019
Comment

"Now you's can't leave." -Sonny LoSpecchio

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Jul 21, 2019