Anybody have a career related to markets, but no necessarily trading?

SteveNYC · Jun 15, 2012

Quote from newwurldmn:

Fine.

My wife graduated from a top MBA. program
At the end, she had three career choices:
Banking/Trading/whatever: 250,000 first year.
Consulting: a little under 200,000 first year.
Marketing: 100,000 first year

Obviously the numbers only go higher from there over time.

The contacts and the network will last for decades. And by then that can be worth millions.

Surely that's worth a 150,000 investment.

And btw - my sister and her bf just graduated (last year) from the same school and her bf and her had the same opportunity set with the same salaries.

Again, this is only for a top school.

what color was her graduation gown?

SteveNYC · Jun 15, 2012

Quote from newwurldmn:

Fine.

My wife graduated from a top MBA. program
At the end, she had three career choices:
Banking/Trading/whatever: 250,000 first year.
Consulting: a little under 200,000 first year.
Marketing: 100,000 first year

Obviously the numbers only go higher from there over time.

The contacts and the network will last for decades. And by then that can be worth millions.

Surely that's worth a 150,000 investment.

And btw - my sister and her bf just graduated (last year) from the same school and her bf and her had the same opportunity set with the same salaries.

Again, this is only for a top school.

wait a minute.... $250K salary as a trader?

I thought elite traders don't need and/or want salaries. That's what traders say on this forum.

I thought salary for a trader was taboo.

I am so confused!!!!!!!

Froglet · Jun 15, 2012

Quote from newwurldmn:

Sellside trading has very few mbas. But buy side portfolio management, private equity, and most mutual fund pms have mbas. MBA is a stamp of smartness and the better te school you go to the smarter it implies you are.

Why is everyone so anti education?

I was actually thinking of getting any old MBA, even from an ONLINE Program if I have to. The reason being is as some have mentioned. If this is so common place, and I don't have one, doesn't that hurt me?

I rather get a MBA from a nobody's college than to say I don't have one.

But to put it out there, I'm just a clerk. I'm not some smart guy w/ a high SAT/LSAT/GMAT score, but I don't have student loans and I have a job when millions are out of work and regressing backwards.

I'm a clerk and have wanted to progress further into genuine analytics and develop a career.

My visions of attending a MBA is to get a MBA, have a fall back, and most of all network myself. I would like to hold a MBA and CFA, but in the 'real' working world, there's a lot more that's required, such as a specific personality.

This is also where I have issues. I'm not good w/ leadership roles.

pistolpt · Jun 15, 2012

Quote from Froglet:

I rather get a MBA from a nobody's college than to say I don't have one.

My advice is not to get a masters degrees in anything unless you KNOW what EXACTLY you want to go for and have a legitimate career track in mind that requires said masters degree. Otherwise you are on that "if I just get more schooling I am SURE to get a great job" hope & debt wagon that all these unemployed 20-something's are on.

That's all I have to say about that. Gump.

Froglet · Jun 15, 2012

Quote from pistolpt:

My advice is not to get a masters degrees in anything unless you KNOW what EXACTLY you want to go for and have a legitimate career track in mind that requires said masters degree. Otherwise you are on that "if I just get more schooling I am SURE to get a great job" hope & debt wagon that all these unemployed 20-something's are on.

That's all I have to say about that. Gump.

I would like to further my education in Finance as I work in the industry, but I'm not all about the trading thing like people are suggesting I'm doing. I'm not.

Trading is but a very small aspect. What I'm curious is the stats modeling, risk mgmt, asset/liability side, etc etc.

Froglet · Jun 15, 2012

The MBA program offer these courses which I find interesting. I know nothing I do will guarantee me anything though. I don't want to get into debt, so I am not looking for any 'big', it's not like I'll get in.

I work hard, but that's because I'm not smart.

International Financial Markets
Investment Analysis
Portfolio Management
Corporate Finance
Trading Derivatives
Advanced Derivatives

newwurldmn · Jun 16, 2012

Quote from pistolpt:

My advice is not to get a masters degrees in anything unless you KNOW what EXACTLY you want to go for and have a legitimate career track in mind that requires said masters degree. Otherwise you are on that "if I just get more schooling I am SURE to get a great job" hope & debt wagon that all these unemployed 20-something's are on.

That's all I have to say about that. Gump.

+1

TimtheEnchanter · Jun 16, 2012

I have six of my own books related to trading/finance, plus 2 public domain one from wyckoff, one from Gann. I do plan to write more, perhaps in a few years.

SteveNYC · Jun 16, 2012

Quote from Froglet:

I work a full time job as a clerk at a local insitution and have always wanted to expand my career. I seek income and I want exposure to the capital markets and what not.

I'm not fond of the whole trading thing too much, unless it is required as I know 'real' trading isn't necessarily about day in/day out transactions.

I'm thinking about either a CFA or a Master's Degree. But I guess I want to hear and see if there are any careers in the fixed income side/ equity side, or if there's a potential for me to do something I enjoy.

I don't want to sell funds, or be a financial advisor. I did think about being a portfolio managers, but that's so far away. Right now, I feel like I'd enjoy the operational sides of things.

Any advice from 'real' people? Not just retail guys. lolz

As a clerk, can you get promoted to a institutional trader?

jo0477 · Jun 16, 2012

Quote from Froglet:

The MBA program offer these courses which I find interesting. I know nothing I do will guarantee me anything though. I don't want to get into debt, so I am not looking for any 'big', it's not like I'll get in.

I work hard, but that's because I'm not smart.

International Financial Markets
Investment Analysis
Portfolio Management
Corporate Finance
Trading Derivatives
Advanced Derivatives

You're too hard on yourself my friend! I've had the pleasure of working alongside some incredibly smart people (still do), but not all were fast learners. In fact, one of the people that I turn to for information on a regular basis is a self proclaimed "slow learner". When he started in the business, he told me how inadequate and inept he felt in relation to his co-workers. Now, he realizes that new concepts come slower, but when he understands, he understands the subject inside and out - much more thorough than most.

Education such as the courses above can most certainly be beneficial - but this thread is a great example of how subjective the value of different programs can be. I think once you develop some more confidence, things will start to click a lot easier for you.

JO