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(1) Move to NY if you want to do finance other than the FA thing.
^^ Take what full time position you can get, within reason.Originally Posted by Bane
I don't think that there is something wrong in pursuing your dream job from another job. get one while making arrangements to switch to a new one you love when it clicks before you lose out at both ends.Originally Posted by seeker24
I like this kid, he listens well and considers options. A bit short-on-direction, but ****, he's 22.
The world needs ditchdiggers too
LOL, they're making 225K in AUS.
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Serious question, but does anyone aside from the rainmaker MDs actually like working in finance? It seems like the crappiest industry ever.
Serious question, but does anyone aside from the rainmaker MDs actually like working in finance? It seems like the crappiest industry ever.
heres an idea that is a bit off the wall, and will pay like total dogshit for a while. Have you considered a job at some of the bigger institutional buyers in your area? such as pension funds, government finance operations, hell even university endowment management. You will be crunching numbers for dogshit pay, but if you're intelligent and you bust your ass, you may be able to get your name out there and you'll at least have some dealings with the buy side firms. Then you may be able to make the jump. That said, these firms are either in boston, ny, or california, so michigan is a tough place to start this up.
Why would the pay be so bad when working for an institutional investor? I think that they would pay for someone competent to work with multi-billion dollar portfolios. Plus, the work environment should be better.
I was in a very similiar situation as you. I graduated with a BA in Biz Econ from UCLA, with a 3.5 GPA. Unemployed for 6+ months after graduation and recently just accepted an offer from a large mid-tier securities brokerage in the back office/operations department. They are licensing me with series 7 and 66, which is a great plus, but I am getting **** pay considering my alma mater and GPA. I'm just working here to gain experience and to eventually go to Business school to pursue a more analytical role. I also had 2+ years of experience during college at a private equity fund, and ended up here in a brokerage environment. ***** tough man espiecially in large cities. Just hang in there and don't give up. Finance majors like us are out of luck in this economy, its like a catch 22. Firms won't hire you without at least 2-5 years of experience, even entry-level roles. MBA programs won't take us without any experience, the **** are we supposed to do?
haha, think about where he is located. Not only is the state of michigan broke as a joke, but companies are leaving at a record pace. you think state pension departments or even corporate finance departments are gonna pay a BS in b.admin more than $35k? The demand for those entry level jobs is much higher than the supply, so ergo, the wages are in the toilet.