poop
March 28, 2014, 2:56pm
#41
Get in by 9:00 most days (well, probably closer 9:30). Leave by 5:00 most days (well, probably closer to 4:30). Lunch from 11:30 to 12:30 (well, probably closer to 1:00). No weekends. No busy season.
system
March 28, 2014, 3:01pm
#42
whatsyourgovt:
^FRM holder, advent weight trainer, and cfa/mba candidate? My man reaching for the stars, keep up the hard work.
I am not a FRM holder yet (2 years of work ex pending).
Any ways thanks for all the motivations.
I say rahul has already reached the stars
He is aiming for the outer boundaries of the universe!
On Friday morning you guys are talking about how many hours we work??
Where is Nana? I miss her threads
ZeroBonus:
During the last few weeks before an exam (say CFAL1/2/3…etc)a student always dreams about the concepts that he has learned recently or concepts that he will learn in coming days.
For an entrepreneur every day is like an exam.So it is quite natural that even in his dreams the entrepreneurs are formulating strategies.
Tell me about it. When I was studying for L3 I remember dreaming about IPS on a daily basis. It was pretty surreal…
I wish I was an entrepreneur because I love formulating strategies. Have you experienced this before? I would love to hear more.
I am just a CFA L2 candidate so i have little idea about dreams that a CFA finalist may encounter in their sleep.However i have had strange dreams during my preparations for CFAL1 and FRM (L1/L2 ).
Personally i have a strong desire to be an entrepreneur(this is one of the main reason i am doing my MBA).Almost every single night i dream about some new business idea.
I am in India where a secured job is given more importance than risky entrepreneurship.Thus i cannot start any ventures now.
Take over your dad’s business. I’d rather do that than some random job.
system
March 28, 2014, 4:41pm
#46
Tj needs a BJ before he cracks another pj.
I’ll get my coat.
What would you like to talk about missy? Plans for this weekend? well most of us are hibernating in the books until June. March madness? Again, aint no body got time for dat. Who CVM is going to impale this weekend? that is appropriately disclosed in the career section.
Exactly where it should be!
Or may be what is the deal with Throwback Thursday? Everyone I know posted with #TBT yesterday.
I thought March Madness was last weekend. When is it over?
march maddness goes into april
^ Then why do we call it march madness?
because majorty of it takes place in march
system
March 28, 2014, 9:18pm
#54
What the fk is march madness?
80-92 hours a week
13 a day + weekends
git it how you live it fam
Carson:
Also there is something to be said for reading random stuff like you find on AF or public news sites or blogs etc. It can lead you to interesting new information and perspectives that can in the long term make you a better employee. Or at least, that’s what I tell myself to justify time spent on here
You’re stretching it. I wonder if I can use this excuse if I get caught too often surfing the web at work.
dspapo
March 29, 2014, 2:24pm
#57
I’m 8:30 - 6:30 most days. During earnings season or when we’re building a conference presentation, it can get a bit longer. I rarely ever leave before 5, even if it’s dead, to keep up with my face time.
geo
March 29, 2014, 3:51pm
#58
numi:
geo:
I try keep my hours to 40 per week, unless some kind of mad pinch. As I was leaving my past job, I spent much of my time on AF and reading news in the last few weeks as the chiefs completely cut me out of anything on the go. Which is fine. But will be back to working my full 40 soon.
Seeing all the guys that put in 12 hours a day, 70 hours+ a week makes me thankful I never went down that path. When talking to friends in that side of the biz, they generally don’t make much more money, but on an hourly basis make signficantly less than I do. I’ll take a slight reduction in pay to have time with my family and a life.
Not that I have any issue with those that plow through the long hours. To each their own. To many work is their life, and that’s their right. Nothing wrong with that.
I think this really depends not only on how much they are making, but how much they enjoy their work. In my case, putting in 60 hours a week is nothing – I really enjoy the intellectual stimulus and challenge of trying to find undervalued stocks. It’s like going on a grown-up treasure hunt. I work on stuff sometimes 10pm or 11pm at night not because anyone’s holding a gun to my head or I’m worried about performance, but frankly because I just find researching stocks to be that interesting.
The compensation is a nice kicker too and what I like about being at a hedge fund is that your performance is very clear – if you can help make $XX million for your hedge fund, you get to take home some percentage of that. If you make zero, you get zero, and if you suck you get fired. So those situations do make me excited/despondent occasionally but for the most part, the highs aren’t that high and the lows aren’t that low. I overall like what I’m doing, think I get paid to do what I like, so all the other monetary stuff is just gravy. But fact of the matter is that I find that people who are truly passionate AND good at what they do – anywhere in life – tend to see work as more of a lifestyle rather than as a chore, and they very often get paid for their efforts.
I agree numi and that’s why I said I respect those that put in the long hours in these roles. If you find your calling and you love it, then have at it. My calling is riding my bike, hiking, fishing, spending time with my kid and wife. That’s what I enjoy. I just work to make it happen. I like researching stocks too, but I’m not so motivated by it that I would sideline the rest of my life, which is what I’d have to do for less money (at least initially) in ER. Yeah, I might get into some buyside job that pays good after a few years, but I could also be a CFO making just as good coin in my current path right. The top folks always do good regardless of what industry they are in. I think the failure rate and personal cost is just much higher in finance. For every guy like you there are hundreds that busted 80 hours in their twenties, burnt out and now are working for peanuts in a variety of other jobs.
On the comp side, you know as well as I do that only 5%… maybe 10% at best… of people in finance pulling these huge hours ever end up making signficantly more than us in the corporate side. I work a solid 6 figure job with little overtime. The number of people in finance making $300k+ is an elite club and very few ever cut it. I’m going to go out on a limb here and suggest maybe 1 or 2 of the folks here asking for advice to “break in” will ever hit that level. It’s a dream sold to wrongly motivated minds.
Most of the guys are trying to earn coin, not follow a passion like you did. If you want to earn more per hour, you’ve got a better shot in many other areas than finance. If you’ve got a great background and network, sure you can make it happen, but that’s not most people, especially not here.
geo:
numi:
geo:
I try keep my hours to 40 per week, unless some kind of mad pinch. As I was leaving my past job, I spent much of my time on AF and reading news in the last few weeks as the chiefs completely cut me out of anything on the go. Which is fine. But will be back to working my full 40 soon.
Seeing all the guys that put in 12 hours a day, 70 hours+ a week makes me thankful I never went down that path. When talking to friends in that side of the biz, they generally don’t make much more money, but on an hourly basis make signficantly less than I do. I’ll take a slight reduction in pay to have time with my family and a life.
Not that I have any issue with those that plow through the long hours. To each their own. To many work is their life, and that’s their right. Nothing wrong with that.
I think this really depends not only on how much they are making, but how much they enjoy their work. In my case, putting in 60 hours a week is nothing – I really enjoy the intellectual stimulus and challenge of trying to find undervalued stocks. It’s like going on a grown-up treasure hunt. I work on stuff sometimes 10pm or 11pm at night not because anyone’s holding a gun to my head or I’m worried about performance, but frankly because I just find researching stocks to be that interesting.
The compensation is a nice kicker too and what I like about being at a hedge fund is that your performance is very clear – if you can help make $XX million for your hedge fund, you get to take home some percentage of that. If you make zero, you get zero, and if you suck you get fired. So those situations do make me excited/despondent occasionally but for the most part, the highs aren’t that high and the lows aren’t that low. I overall like what I’m doing, think I get paid to do what I like, so all the other monetary stuff is just gravy. But fact of the matter is that I find that people who are truly passionate AND good at what they do – anywhere in life – tend to see work as more of a lifestyle rather than as a chore, and they very often get paid for their efforts.
I agree numi and that’s why I said I respect those that put in the long hours in these roles. If you find your calling and you love it, then have at it. My calling is riding my bike, hiking, fishing, spending time with my kid and wife. That’s what I enjoy. I just work to make it happen. I like researching stocks too, but I’m not so motivated by it that I would sideline the rest of my life, which is what I’d have to do for less money (at least initially) in ER. Yeah, I might get into some buyside job that pays good after a few years, but I could also be a CFO making just as good coin in my current path right. The top folks always do good regardless of what industry they are in. I think the failure rate and personal cost is just much higher in finance. For every guy like you there are hundreds that busted 80 hours in their twenties, burnt out and now are working for peanuts in a variety of other jobs.
On the comp side, you know as well as I do that only 5%… maybe 10% at best… of people in finance pulling these huge hours ever end up making signficantly more than us in the corporate side. I work a solid 6 figure job with little overtime. The number of people in finance making $300k+ is an elite club and very few ever cut it. I’m going to go out on a limb here and suggest maybe 1 or 2 of the folks here asking for advice to “break in” will ever hit that level. It’s a dream sold to wrongly motivated minds.
Most of the guys are trying to earn coin, not follow a passion like you did. If you want to earn more per hour, you’ve got a better shot in many other areas than finance. If you’ve got a great background and network, sure you can make it happen, but that’s not most people, especially not here.
What if you were making close to 300k, but you ahd no upside. 300k would be a ceiling doesn’t matter how high you would go.
Would it change your mind on working long hours, taking more risk?
