I’ll admit it upfront; I think there are better things for most of you high school and university students than going into finance. Anyone’s free to disagree with me in the comments below.
I think too many people watch Wolf Of Wall Street and just get some belief fixed in their head that they have to go into banking, it’s so cool and sexy, blah blah blah. It’s like my friends who want to be doctors. I’m like do you really want to spend all your 20’s in school? “Of course I do,” they respond. “I want to help people!”, as if there’s no other way to “help” people! Likewise, quit acting as if there’s no other way to make good money and gain prestige.
For those who are considering a career in sales, I’ve decided to outline what a typical day is like for a junior on a busy sales desk. My first front office role was as a junior salesperson, supporting an EMEA energy sales team covering oil and gas derivatives. Below are just some of the main responsibilities one can typically expect to carry out as an analyst who is about 6 months into the role.
Ever wonder how you can get your foot in the private equity door? Ever ask yourself how you can fight against the brightest and most competitive people out there?
For most of us, the world sharp-suited deal-makers and financiers has a reputation for keeping headcount low and hiring only from an exclusive set of business schools and strategy consultancies. Hence, we think that the only way to get into such world is to develop strong relationships and get lukewarm references.
As an ambitious student or working professional with a few years of experience, you may have thought about going to the US to get an MBA degree. After all MBAs are an American creation and while universities worldwide now offer the degree, US business schools still dominate the space.
According to the Financial Times 2016 ranking, seven of the top ten and eleven of the top twenty MBA programs are American. Similarly US business schools fill eight of the top ten and fourteen of the top twenty slots in The Economist 2015 ranking.
Last night I googled myself and was happy to see that I pretty much own the first three pages of Google for the search term ‘Alex Lielacher’. When I say “I own” I am referring to that the majority of websites that come up with my name on them are sites that either belong to me, or for which I have written the content about me. In other words, currently, I control what is being said about me on the Internet. And so should you!
I am currently a student at the University of Kent and have just finished my first year in International Business with Econometrics and received a first. I was recommended by my lecturer to look into a potential career in the investment banking industry but from my research it looks like my chances may have already been dashed just because of the university I have gone to.
I was wondering if anyone firstly had some advice on how to apply to the internships and make yourself comparable with the 'target' university candidates?
I have now been at over 20 institutions for work experience within the Finance industry.
People always ask me “does your dad know someone in the industry?”.
My dad is a barber and my mum doesn’t work due to illness...so no.
I set out at 14 years of age to get as much work experience as possible to prove to future employers that I had what it takes and that I had a REAL interest in getting the job I had always dreamed of ever since watching Wall St.
I never wanted to be Gordon Gecko, but I loved the look of the buzzing trading floors that it featured.
It took me three years and around 8,500 miles to discover that sustainable investing is not philanthropy but a legitimate investment strategy that has usually met, and often outperformed, performance of comparable traditional strategies. In an environment of heavier regulatory scrutiny and higher capital adequacy ratios, current staffing levels are being challenged by automation and even shrinking profitability. Every edge is important for breaking into the industry – but who would believe loving the planet and asking a company’s value to society and its other stakeholders would be one?
In this post I will discuss with you the current and future state of all main global markets roles.
The headcount for trading roles has declined steeply since the financial crisis. Firstly, pretty much all prop-trading desks closed down, so that banks are compliant with the Volcker Rule. Secondly, market-making desks have reduced headcount due to the decrease in balance sheet dedicated to trading. And thirdly, the increase in electronic trading has also contributed to a decrease in trading roles across the asset classes.
Page 4 of 9