Sign up  |  Log in

Career ideas

I’ll tell a story to give you some motivation…

there was once a man who wanted a job, one that he never had any experience doing. Everyone, the experts, polls, fake news, said it could not be done! After the first round, he beat many experienced people and was left with one opponent left… a real demon, one with decades of experience. The person who had the job he wanted said that she was the most qualified candidates ever! Lots of people tried to tear him down but he did not give up! He had the best rallies, used the best words, and worked harder than anyone ever! And end the end, he accomplished what he set out to do. #MAGA

We’re gonna win so much, you may even get tired of winning. And you’ll say, 'Please, please. It’s too much winning. We can’t take it anymore. Mr. President, it’s too much.' And I’ll say, 'No, it isn’t!' We have to keep winning!

CEO10K-DAY wrote:

This is exactly right. The product I’m selling is a passive factor based optomization strategy (boring, ya know what I mean?). But, it’s because I don’t really “work in finance” that I’m sort of pissed off - because it IS the industry I wanted to get into. So, I did what any dumbass kid right out of college looking at the big wall street banks would have done. Enroll in the CFA program. And spare me your lectures on why that was a retarded idea, because, I completely agree with you too. I’ve literally cucked myself here. I’ve just wasted the last four years of my life chasing a piece of paper, and I am zero steps closer to working where I wanted to work. Instead, all it’s done, is “supposedly” qualify me to go pick up the phone and speak about why we changed our asset allocation within a set of customized models to FA’s. 

It’s sickening. I’m not knocking the integrity of the CFA program for one second - but, god ****ing dammit, it was the wrong move for me. On a pure money scale, I could have gone and done so many different things, and made similar money IF NOT MORE doing other career path’s. 

That’s why I’m pissed off. I don’t even know HOW to get into finance anymore. 

This thread is brutal. Ohai and BS are spit roasting you.

You do work in finance. Your day-to-day may not be as exciting as you want but you work right next to guys that influence a shit ton of assets. You have great resources right where you are. Want to cover FI? Get cozy with NB. He was just telling me his biggest concern is finding and retaining good talent. 

As for trading, are you thinking about a role as a traditional trader or FinTech trading? The former is way hard to break into. The latter…well, you have a pretty good idea of that marketplace. You could go to any smaller tech company like Oranj, Black Diamond, or Orion and get a fresh start. Those guys are all tech geeks. Relative to people I’m used to calling on, they don’t know anything about finance. Not sure if you have any coding skills, but even if you don’t, all these new “technology solution providers” need people that actually know something about investments. And they’re all hiring. The only downside is you’ll probably wind up back at your current employer as they continue to buy every tech firm out there.

Who is NB?

#FreeCVM #FreeTurd #2007-2017

Black Swan wrote:

Who is NB?

Mutual friend. Not an AFer.

the pinnacle of finance is sales. everyone is just there to support that guy,

I love my cheese. I got to have my cheddar.

Nerdyblop wrote:

the pinnacle of finance is sales. everyone is just there to support that guy,

Sounds cool until you stop and think about it and realize that major league PM’s take most of the assets with them, no amount of sales people will bring in more assets than top decile performance (or win net assets in bottom decile performance) and that a lot of the best HF’s are closed to new assets entirely… 

Take DoubleLine, built by Gundlach after leaving TCW from scratch, funds are publicly traded.  Not a lot of sales people in the three comma club.

#FreeCVM #FreeTurd #2007-2017

well to be fair its a lot easier to sell a good product! it sells itself.

im a big fan of gundlach though and his presentations. his firing was awesome content:

http://archive.fortune.com/2010/03/09/news/companies/TCW_Gundlach_full.fortune/index.htm

Gundlach had allegedly stashed a trove of illicit material in his office: 70 pornographic magazines and videos, 12 “sexual devices,” and several bags of marijuana.

my man!

I love my cheese. I got to have my cheddar.

Black Swan wrote:

Nerdyblop wrote:

the pinnacle of finance is sales. everyone is just there to support that guy,

Sounds cool until you stop and think about it and realize that major league PM’s take most of the assets with them, no amount of sales people will bring in more assets than top decile performance (or win net assets in bottom decile performance) and that a lot of the best HF’s are closed to new assets entirely… 

Take DoubleLine, built by Gundlach after leaving TCW from scratch, funds are publicly traded.  Not a lot of sales people in the three comma club.

All very true. Also true that it’s way easier to make a very good living on my side of the table. I’m okay knowing I’m never going to be a billionaire. I can still drink Tres Commas and pretend though.

Serious Question:

How much does the average Halal Hot Dog Cart dudes make on average at busy NYC streets?

Sweep the Leg wrote:

This thread is brutal. Ohai and BS are spit roasting you.

You do work in finance. Your day-to-day may not be as exciting as you want but you work right next to guys that influence a shit ton of assets. You have great resources right where you are. Want to cover FI? Get cozy with NB. He was just telling me his biggest concern is finding and retaining good talent. 

As for trading, are you thinking about a role as a traditional trader or FinTech trading? The former is way hard to break into. The latter…well, you have a pretty good idea of that marketplace. You could go to any smaller tech company like Oranj, Black Diamond, or Orion and get a fresh start. Those guys are all tech geeks. Relative to people I’m used to calling on, they don’t know anything about finance. Not sure if you have any coding skills, but even if you don’t, all these new “technology solution providers” need people that actually know something about investments. And they’re all hiring. The only downside is you’ll probably wind up back at your current employer as they continue to buy every tech firm out there.

Thanks for stepping in, Dad - lol. I am totally fine with getting ethered over the internet. Like, in all honesty I totally understand I’m a dumbass 27 yr/old, but I do look up to those folks (in some regards), despite them not knowing the nature of my work. I am just a stranger over the internet in all honesty. So, like, I take it with a grain of salt, but I also don’t.

Whattya figure that swan is one of those money managers that takes me out to lunch to help sell their product anyways? (Ok, that’s arrogant - I’m just joking). 

SamCryBaby wrote:

Serious Question:

How much does the average Halal Hot Dog Cart dudes make on average at busy NYC streets?

I’m probably unqualified since I don’t have a masters and all I am is a lousy stinking L3 CFA candidate. 

¯\_(ツ)_/¯ It be like that sometimes.