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Old 12-29-2013, 08:57 PM   #41
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i currently work at a a "larger" private equity firm ($30B AUM) on their hedge fund side

previously worked at two of the largest international i-banks and prior to that the largest gse

your degree is almost entirely irrelevant - what internships have you done and what skills (programming or otherwise) do you have? do you have any connections to anyone in any firms you are interested in?
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Old 12-29-2013, 08:58 PM   #42
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and what do you do for a career?

nothing like stereotyping an entire industry

wtf does what i do have to do with the truth about wall st?

there's queers and pedafiles in church, i know this, but i'm not a priest

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There is no BSing your way in to a trading career. That is no different than saying you could BS your way on to the starting lineup for a professional sports team.
really? sooooooooooooo

running a 4.5 40 is the same as working at a hedge fund your buddy runs?

lemme guess, you guys represent the brilliance of the trading world with these posts?
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Old 12-29-2013, 09:13 PM   #43
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Originally Posted by budfox4life View Post
i currently work at a a "larger" private equity firm ($30B AUM) on their hedge fund side

previously worked at two of the largest international i-banks and prior to that the largest gse

your degree is almost entirely irrelevant - what internships have you done and what skills (programming or otherwise) do you have? do you have any connections to anyone in any firms you are interested in?
Definitely didn't think anyone in PE/HF was on this board. Looking to make the transition myself someday. How do you like it?
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Old 12-29-2013, 09:25 PM   #44
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Definitely didn't think anyone in PE/HF was on this board. Looking to make the transition myself someday. How do you like it?
I would never, in my life, ever consider going back to sell side.

I genuinely enjoy my job - I worked longer hours doing less challenging work when I was on sell side - Being part of a huge bank with 30-50k employees with countless levels of management and ridiculous controls and regulation that wasted countless hours is a world away from my current situation in a firm of 300 employees (nyc office).

The jump from ibank to pe firm was very scary at first - you are compensated because you are expected to perform at a very high level right out of the gate. I have seen a few employees come and go since I joined because they misrepresented their skill sets and couldn't bs long enough to actually learn what they claimed they knew (which I saw people successfully do all the time at big banks).

As long as you know your stuff, can execute at a high level, and are ready to take on challenges without huge support teams (like at the banks I was previously at), then you will succeed.
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Old 12-29-2013, 09:48 PM   #45
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really? sooooooooooooo

running a 4.5 40 is the same as working at a hedge fund your buddy runs?

lemme guess, you guys represent the brilliance of the trading world with these posts?
Why so harsh? I merely make the analogy to state that the proof is in the pudding. You cannot fake a .300 batting average just like you cannot fake the ability to consistently extract money from the markets like an ATM.

It's not about brilliance. It's not about ego. In fact, it is the exact opposite of ego. If you bring your ego to your trading desk you may as well just give your money away. Trading is about self control, emotional intelligence and proper risk management. You do not trade against the market, nor against other traders, you trade against yourself.
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Old 12-29-2013, 10:04 PM   #46
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Why so harsh? I merely make the analogy to state that the proof is in the pudding. You cannot fake a .300 batting average just like you cannot fake the ability to consistently extract money from the markets like an ATM.

It's not about brilliance. It's not about ego. In fact, it is the exact opposite of ego. If you bring your ego to your trading desk you may as well just give your money away. Trading is about self control, emotional intelligence and proper risk management. You do not trade against the market, nor against other traders, you trade against yourself.
yeah, but you bet against other traders

ya know, credit default swaps?
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Old 12-29-2013, 10:14 PM   #47
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yeah, but you bet against other traders

ya know, credit default swaps?
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Old 12-29-2013, 11:02 PM   #48
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Just trade bitcoins from your own home man.
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Old 12-29-2013, 11:42 PM   #49
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Leveraged finance analyst working in NYC here. Without getting into too much detail with this post, here are a few points I want to make:

-Learn exactly what you want to do "on wall street" since it really sounds like you do not know the first thing about what careers there are in finance (no offense)

-Understand this will be an uphill battle. Unless you are willing to put in hours of preparation for interviews and even more hours into networking, don't even bother. Even then your chances are still pretty small

-I do not know what vision of finance you have but for the most part, there is nothing glamorous or cool about it. No one gives a **** you're a trader or investment banker, despite what you may think

Feel free to ask any questions you may have but definitely do some more research first.
You're right: I know almost nothing about it. I keep getting these glimpses of people around me (in school, people my finance friends know, even movies) having a bunch of positions on Wall St. that keep catching my interest. A lot of things make it seem like its the fastest way to the top but I know statistically its not. Of course I plan to be an engineer but I'm just weighing the options. I have a loooot to learn before I make any moves.


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why don't all the E46F engineers go engineer themselves into an estate instead of posting here.
Sick bro.

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Originally Posted by budfox4life View Post
i currently work at a a "larger" private equity firm ($30B AUM) on their hedge fund side

previously worked at two of the largest international i-banks and prior to that the largest gse

your degree is almost entirely irrelevant - what internships have you done and what skills (programming or otherwise) do you have? do you have any connections to anyone in any firms you are interested in?
Fitting username. At this point, I have literally nothing. And I'd imagine the smartest thing I can do by far is spend my internship(s) before I graduate in engineering positions, so I don't know if/how it would work out. I guess I just plan on blasting my resume to firms just in case. Again, I'm not counting on it, just trying to learn about it and see if I could feasibly make it happen.
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Old 12-30-2013, 12:00 AM   #50
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If you want to make it to the top, statistically speaking, you have a better chance at becoming a CEO than any other major based on studies conducted around CEO backgrounds. Hence why I posted that 22% figure. Good luck. Will definitely be a long, long, long shot.
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"They". Again with this idea that white people are a singular organism with a single will.

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Old 12-30-2013, 12:13 AM   #51
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Sick bro.
As sick as when you're going to work on Wall Street bro.

Wait, you're never going to work on Wall Street.

Stick to the movies, chump.
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Old 12-30-2013, 12:34 AM   #52
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As sick as when you're going to work on Wall Street bro.

Wait, you're never going to work on Wall Street.

Stick to the movies, chump.
Why don't you tell everybody what you do for a living.



And don't tell me what I won't do.
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Old 12-30-2013, 12:37 AM   #53
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I think v8 5 sells masonry supplies and riding lawn mowers online IIRC.
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"They". Again with this idea that white people are a singular organism with a single will.

Individuals make choices and take actions. Sometimes their race informs their choices and actions, sometimes it does not.
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Old 12-30-2013, 03:00 AM   #54
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Why don't you tell everybody what you do for a living.

And don't tell me what I won't do.


I'm giving you a reality check here. You won't ever work on Wall Street.


So stick to the movies kid.
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Old 12-30-2013, 05:44 AM   #55
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You're right: I know almost nothing about it. I keep getting these glimpses of people around me (in school, people my finance friends know, even movies) having a bunch of positions on Wall St. that keep catching my interest. A lot of things make it seem like its the fastest way to the top but I know statistically its not. Of course I plan to be an engineer but I'm just weighing the options. I have a loooot to learn before I make any moves.

Fitting username. At this point, I have literally nothing. And I'd imagine the smartest thing I can do by far is spend my internship(s) before I graduate in engineering positions, so I don't know if/how it would work out. I guess I just plan on blasting my resume to firms just in case. Again, I'm not counting on it, just trying to learn about it and see if I could feasibly make it happen.
You are the reason why people like me have to make resume screening software. Because you and people like you apply to jobs that you have absolutely no business applying to.

Just because companies like Facebook and Google make the web so easy to use doesn't mean you should use it to easily send your resume out into the wilderness.

You'll find that when it comes to these types of jobs, your results are equivalent to the amount of effort you put into it relative to other people. The amount of effort you're willing to put in is zero compared to the people who will actually go on to work in high finance.
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Old 12-30-2013, 07:23 AM   #56
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At this point in time, I agree with others that it will be extremely difficult for you to get a job in finance without any real connections. I do some recruiting for my team (we do credit analysis and model capital structures) and always look for candidates who have demonstrated previous interest in finance through internships, coursework, and extracurricular activities rather than someone who just decided it sounds cool.

My advice, try to get a good job leveraging your skillset. If in a few years down the line you want to shift into finance, you can probably go back to school for an MBA (I wouldn't recomment anything less than top 20) to make the career shift you want.
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Old 01-02-2014, 08:49 PM   #57
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Originally Posted by budfox4life View Post
I would never, in my life, ever consider going back to sell side.

I genuinely enjoy my job - I worked longer hours doing less challenging work when I was on sell side - Being part of a huge bank with 30-50k employees with countless levels of management and ridiculous controls and regulation that wasted countless hours is a world away from my current situation in a firm of 300 employees (nyc office).

The jump from ibank to pe firm was very scary at first - you are compensated because you are expected to perform at a very high level right out of the gate. I have seen a few employees come and go since I joined because they misrepresented their skill sets and couldn't bs long enough to actually learn what they claimed they knew (which I saw people successfully do all the time at big banks).

As long as you know your stuff, can execute at a high level, and are ready to take on challenges without huge support teams (like at the banks I was previously at), then you will succeed.
Awesome. Thanks for the response. Now just have to figure out how to get my foot in the door! I'm assuming since you are on the HF side you don't have an MBA?
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Old 01-03-2014, 11:13 AM   #58
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Originally Posted by budfox4life View Post
i currently work at a a "larger" private equity firm ($30B AUM) on their hedge fund side

previously worked at two of the largest international i-banks and prior to that the largest gse

your degree is almost entirely irrelevant - what internships have you done and what skills (programming or otherwise) do you have? do you have any connections to anyone in any firms you are interested in?
What sectors do you focus on?
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Old 01-03-2014, 11:16 AM   #59
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What sectors do you focus on?
My bet is anacott steel
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Old 01-03-2014, 11:18 AM   #60
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My bet is anacott steel
ha, such code
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