As an anecdote, I’ve gone to NYC several times to visit my friends from grad school and a few from high school up there. We’ll be out at the bars at 1 am on Thurs / Fri and we’ll be like did anyone call yyyyyyy? Everytime they’ve been at work while we were out actually living in the city. I did get the one banker to come out briefly one night a month after he’d moved to NYC and started his job, he said it was the first time he’d been out to a bar since he’d moved there.
I used to smoke pot and go to class.
Sneak in ten minutes late with a bullsh*t excuse.
Slink down low at my desk.
Pray to god nobody asked me any questions.
I was the best teacher ever.
> AlphaSeeker and higgmond, are you guys in the
> investment management / hedge fund space? If so do
> you mind dropping me an e-mail? Have a couple
> questions about full-time recruiting post-MBA as
> far as skill-building, salary negotiation, among
> other things. I still have four more weeks in my
> internship and I want to make sure I’m picking up
> the most value-added skills that I can get. Happy
> to communicate more via e-mail at
No, I’m b-val. Compensation is probably not at the level you’re looking for (less than the vice president with 16 years experience), but work/life balance is good and that is more important to me.
You can fondle the cube, but it will not respond.
@Higg, If you don’t mind me asking? Do you work for a Financial Advisory? Investment banking? or Consulting firm? Or a firm that does some combination? Thanks.
Being Born Wealthy > Being Jewish or WASPY > Born Pretty > Top 5 MBA > CFA > Avg MBA > Born middle class > Born lower class > Born in crack house > Working in IT but looking to switch to buyside
Last year’s W2 shows 247K but I live in a company-owned “guest house” ( Socal) and have an undisclosed under the table arrangement.
If I was willing to be miserable again in order to make money Id just sell heroin. IB is for greedy soulless geeks.
3. 70-80k (75k is prob what it will end up as)
4. 3 months….chicago…still living with my parents
just graduated…first big kid job
Many people do IB to lock in down on the resume for 2 years, with the intention to moving out.
Many to the buy-side.
Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.
3. 100% variable. partner at hedge fund, no salary but no cap either, all % of profit. expecting to grow to level of low six figs in 2012 which is sustainable for me.. barely broke even last year. at former firm left with $200k/year after 3 years exp. hopefully we grow faster… a $1mm yearly comp is foreseeable in 2-4 years.
4. 7 years
5. <<<< most important is happiness. I am at 9/10 on happy scale. I love what I do >>>>
4. 1.75 years.
3. 80 k
4. 0 years, since im not working in the industry yet.
4. 10 years
aut viam inveniam aut faciam
> @Higg, If you don’t mind me asking? Do you work
> for a Financial Advisory? Investment banking? or
> Consulting firm? Or a firm that does some
> combination? Thanks.
A national valuation firm.
Results to date:
Median CFA salary: 113.5k
Median CFA yrs of experience: 6 yrs
Median Non-CFA finance salary: 95k
Median Non-CFA finance yrs of experience: 4.0 yrs
Draw what conclusions you may.
Black Swan Wrote:
> Alpha and Hobbes, what fields are you in?
hobbes928, can you explain your thought process when deciding between hedge funds vs. asset management (long-only)? How interested were you in the short side of investing?
Career Coach -- www.linkedin.com/in/numicareerconsulting
How to Break Into Equity Research -- www.mergersandinquisitions.com/equity-research-recruiting
> Results to date:
> Median CFA salary: 113.5k
> Median CFA yrs of experience: 6 yrs
> Median Non-CFA finance salary: 95k
> Median Non-CFA finance yrs of experience: 4.0 yrs
> Draw what conclusions you may.
What this says to me is that so far there’s no difference CFA or no-CFA
Because while the CFA salary is higher, it also has 2 years more experience. 2 years more in FO can easily get you 18.5k boost
Might be interesting to put all this information into a spreadsheet and do a regression like:
> hobbes928, can you explain your thought process
> when deciding between hedge funds vs. asset
> management (long-only)? How interested were you in
> the short side of investing?
Numi, I was getting really tired of the sellside grind and given buyside jobs were very scarce, I would have gladly taken any buyside job available. Luckily however, I ended up at my #1 choice shop. The thought procress and what made it my top choice was the work life balance, great group of people I’d be working with and because there are a lot of travel opportunities that I can do at my own pace.
That said, if I had to choose to work at another AM or HF, I would choose AM because I have kids and a work-life balance is the single most important thing to me.
If I did not have kids and I was a little younger, I’d be more inclined to work at a HF.
Buyside AM = steady pay (but generally less than HF) + great work balance
HF = salary more volatile (can make millions but get fired next day if you suck) + hours tend to be longer
Thanks hobbes. Can I send you a few follow-up questions off-line? If so, please drop me an e-mail at firstname.lastname@example.org. Thank you.
> Thanks hobbes. Can I send you a few follow-up
> questions off-line? If so, please drop me an
> e-mail at email@example.com. Thank you.
will send you an email later tonight.
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