World Finance Job Conference in NYC - Worth?

Has anyone heard of this conference? Its later this week in NYC? Worth going to? $399 seems pricey

http://www.financejobconference.com/

They claim that attendees will have an opportunity to network with reps from: AQR Capital, CVC Capital, Millennium Management LLC, Partners Group, SAC Capital, Soros Fund and some more

Seems very odd that these top firms would actually attend. What are the odds I will actually get to meet any one important?

 
Best Response
Brady4MVP:
vadremc:
It's a scam; I guess everyone has to find out on their own...

What makes you think it's a scam?

From VAULT: Why should I attend this event?

"This event is all about creating opportunities. Every single attendee will be career focused. Whether you are currently employed, unemployed, or a recent graduate, attending will educate you about the current state of the job market, put you in front of people within the industry who can open doors for you, and ultimately expedite your job search process by having Essential Access as your partner."

They are definitely taking advantage of those who are unable to find jobs and pulling you in with all the "networking" and "contacts" promises...

If I can't find a job, why the fuck would I pay 400 bucks to go to a conference with > 500 other people all vying for jobs when my budget should be managed accordingly? Better yet, if I had a job, why would I pay 400 bucks to network? Child please. Anyone who goes to this is just asking for disappointment. Therefore, I am labeling it as a scam.

"Cut the burger into thirds, place it on the fries, roll one up homey..." - Epic Meal Time
 

If you honestly think that Soros or SAC is going to hire someone for a front-office position at this event, I have some magic beans to sell you.

There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.
 

Ok. I'm going to post a recap of the event.

So technically speaking it was not a "scam" since all the speakers and most of the firms did show up (SAC Capital cancelled at the last minute due to "business" reasons). However, the event was not so much a networking session as it was an unorganized madhouse. From all the correspondences I had with these people, they said that the event will allow us to have intimate access with people from these top firms, that we will have a chance to get invaluable face time with them, etc. They even told us that we should arrive at the conference with several investment ideas, thus implying that we would be able to engage in substantive conversations with people from these firms.

However, the actual event was quite different. Most companies only sent 1 person and they were standing behind a table with long lines of attendees trying to speak to them. For Soros, you had to wait like 45 minutes to speak with their guy, and the conversation was usually 1 minute. You told them your name, what you do, what you want to get into, maybe highlight some skills/experiences, and then hand in your resume. Then you had to leave and go elsewhere. Throughout the day, I talked to multiple people, and they all expressed frustration with the event and said it was a total waste of money and time. Given that I flew from out of town, spent money on flight and hotel, and took 3 "vacation" days off from work, I was pretty upset. Hence, at the end of the conference, I went off on one of the organizers and expressed to her my thoughts. Just today I got a condescending e-mail from the woman who was in charge of this conference, in which she claimed that 15 attendees have already gotten interviews and urged me to "change my negative attitude."

The one good thing that came out of this was that I met some cool people, and I hope to stay in touch with them and meet up with them next time I'm in NYC. But the event itself is definitely not worth going to.

 
Brady4MVP:
Ok. I'm going to post a recap of the event.

So technically speaking it was not a "scam" since all the speakers and most of the firms did show up (SAC Capital cancelled at the last minute due to "business" reasons). However, the event was not so much a networking session as it was an unorganized madhouse. From all the correspondences I had with these people, they said that the event will allow us to have intimate access with people from these top firms, that we will have a chance to get invaluable face time with them, etc. They even told us that we should arrive at the conference with several investment ideas, thus implying that we would be able to engage in substantive conversations with people from these firms.

However, the actual event was quite different. Most companies only sent 1 person and they were standing behind a table with long lines of attendees trying to speak to them. For Soros, you had to wait like 45 minutes to speak with their guy, and the conversation was usually 1 minute. You told them your name, what you do, what you want to get into, maybe highlight some skills/experiences, and then hand in your resume. Then you had to leave and go elsewhere. Throughout the day, I talked to multiple people, and they all expressed frustration with the event and said it was a total waste of money and time. Given that I flew from out of town, spent money on flight and hotel, and took 3 "vacation" days off from work, I was pretty upset. Hence, at the end of the conference, I went off on one of the organizers and expressed to her my thoughts. Just today I got a condescending e-mail from the woman who was in charge of this conference, in which she claimed that 15 attendees have already gotten interviews and urged me to "change my negative attitude."

The one good thing that came out of this was that I met some cool people, and I hope to stay in touch with them and meet up with them next time I'm in NYC. But the event itself is definitely not worth going to.

By your definition of the event, it sounds as if this event was in fact a scam by my definition. The organizers of the event made a couple of bucks on a few people who were hopeful about their prospects at this event and they will adamantly defend their "scam" by implying that because you were not one of the 15 fictitious people selected because it's your attitude that is the problem. Think about the tone of that email for a second. If it was not a scam, why would someone send what sounds as if it is a scathing email in defense of the event? Cause for reflection if you ask me...

I've been in this industry for a little while. ( > 6 yrs,

"Cut the burger into thirds, place it on the fries, roll one up homey..." - Epic Meal Time
 
vadremc][quote=Brady4MVP:
Ok. I'm going to post a recap of the event.

So technically speaking it was not a "scam" since all the speakers and most of the firms did show up (SAC Capital cancelled at the last minute due to "business" reasons). However, the event was not so much a networking session as it was an unorganized madhouse. From all the correspondences I had with these people, they said that the event will allow us to have intimate access with people from these top firms, that we will have a chance to get invaluable face time with them, etc. They even told us that we should arrive at the conference with several investment ideas, thus implying that we would be able to engage in substantive conversations with people from these firms.

However, the actual event was quite different. Most companies only sent 1 person and they were standing behind a table with long lines of attendees trying to speak to them. For Soros, you had to wait like 45 minutes to speak with their guy, and the conversation was usually 1 minute. You told them your name, what you do, what you want to get into, maybe highlight some skills/experiences, and then hand in your resume. Then you had to leave and go elsewhere. Throughout the day, I talked to multiple people, and they all expressed frustration with the event and said it was a total waste of money and time. Given that I flew from out of town, spent money on flight and hotel, and took 3 "vacation" days off from work, I was pretty upset. Hence, at the end of the conference, I went off on one of the organizers and expressed to her my thoughts. Just today I got a condescending e-mail from the woman who was in charge of this conference, in which she claimed that 15 attendees have already gotten interviews and urged me to "change my negative attitude."

The one good thing that came out of this was that I met some cool people, and I hope to stay in touch with them and meet up with them next time I'm in NYC. But the event itself is definitely not worth going to.

By your definition of the event, it sounds as if this event was in fact a scam by my definition. The organizers of the event made a couple of bucks on a few people who were hopeful about their prospects at this event and they will adamantly defend their "scam" by implying that because you were not one of the 15 fictitious people selected because it's your attitude that is the problem. Think about the tone of that email for a second. If it was not a scam, why would someone send what sounds as if it is a scathing email in defense of the event? Cause for reflection if you ask me...

I've been in this industry for a little while. ( > 6 yrs,

 

Veritatis placeat asperiores aut qui beatae suscipit. Vitae iste et nisi sit sit ipsum consequuntur. Incidunt consectetur voluptatum vitae laborum ipsam autem.

Qui tempore officia quidem. Labore tenetur alias dolor eum. Quia modi voluptate qui ad molestias. Tempora blanditiis eius explicabo cum ab.

Numquam voluptates omnis sint optio dolore consequatur debitis eaque. Nisi nihil dicta modi aspernatur. Enim qui porro quas veniam tempora earum qui. Repudiandae repellendus qui quod ut voluptatem est dolorum quo. Itaque est sequi et. Magni libero aperiam possimus ratione.

Consequatur voluptatem ad doloribus ipsum quia hic quo. Enim necessitatibus ex nostrum porro. Veniam architecto autem ducimus omnis est dolore distinctio.

Career Advancement Opportunities

April 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Magnetar Capital 96.8%
  • Citadel Investment Group 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

April 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

April 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Citadel Investment Group 95.8%
  • Magnetar Capital 94.8%

Total Avg Compensation

April 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (22) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (249) $85
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”