Getting into Wall Street

[emg]

Quote from aknaya1:

That's not proof. That's stupid logic.

too bad you are not succesful. too bad. Go see don bright on how to become a successful MBA/Salesman



P.S Salesman makes more than trader. Successful salesmen/women are CEOs. All successful salesmen/women have to do is hire HFT traders and collect profit percentage. That is what MBA can do for u. MBA teaches grad people skilled/sales. sales is marketing. HR is sales, hiring the right people like HFT programers.

Sales Sales Sales

 

[aknaya1]

See I don't do any sales in my job. I manage inventory levels for a manufacturer. But maybe every now and then, I do have to sell my ideas to people. So I guess by your logic, I am actually truly a salesman in real life, not a supply chain manager, but a salesman!

 

[emg]

Quote from aknaya1:

See I don't do any sales in my job. I manage inventory levels for a manufacturer.

janitor job. too bad u are not a business owner but working for someone over cheap pay. no wonder u want to become a trader or shall i say "small trader."


tell ya what, why don't u get your "MBA" degree and see if any institutional will take u in their trading floor as a non salesman. During the interview process, u will see many "HFT programmers with a strong math and computer science degrees competing for the same position. In the end, u will not get hire and back to "inventory level"

But, look at the bright side, perhaps MBA may help u startup business as inventory consultants. u will never know your business will grow and if that is the case, the success lies on


sales

 

[slickpick]

Quote from emg:

too bad you are not succesful. too bad. Go see don bright on how to become a successful MBA/Salesman



P.S Salesman makes more than trader. Successful salesmen/women are CEOs. All successful salesmen/women have to do is hire HFT traders and collect profit percentage. That is what MBA can do for u. MBA teaches grad people skilled/sales. sales is marketing. HR is sales, hiring the right people like HFT programers.

Sales Sales Sales

Ok you seem way too dedicated to be a troll.

First off you're cherry picking developer and engineer roles, then using that as some kind of justification that a degree in mathematics or CS is somehow superior in finance.

There are plenty of l/s global macro shops that hire MBAs, not ever hedge fund does systematic quant trading. Also the buy-side isn't only limited to hedge funds. The sell-side is also littered with MBAs.

Now to be an execution monkey on either side, that neither requires a quantitative degree nor MBA to do. I know people with degrees in liberal arts who do this.

Furthermore, I have no idea what planet you're living on but HFT has really been shrinking lately. I think a lot of the larger guys are realizing that the technological risk is just too high. As such, I think in the near future HFT will only be limited to smaller hedge funds (my opinion of course).

 

[aknaya1]

Janitor job pays very well. I consider trading a secondary business, and although it took me years to learn, it goes very well. Today was fantastic--long the Euro!

How bout this? I show my TRACK RECORD, and see what they have to say? Except I dont want to do that. I like it as a secondary business.

 

[marketsurfer]

I would reccomend a law degree to someone who wants to start/ run a business. MBA is a waste of time for anyone other than lower/middle management in an established corp. surf

 

[aknaya1]

Quote from emg:

janitor job. too bad u are not a business owner but working for someone over cheap pay. no wonder u want to become a trader or shall i say "small trader."


tell ya what, why don't u get your "MBA" degree and see if any institutional will take u in their trading floor as a non salesman. During the interview process, u will see many "HFT programmers with a strong math and computer science degrees competing for the same position. In the end, u will not get hire and back to "inventory level"

But, look at the bright side, perhaps MBA may help u startup business as inventory consultants. u will never know your business will grow and if that is the case, the success lies on


sales

Here's another bright side: management roles get paid pretty well in some companies, especially when you get stock options and the stock market is up a gazillion percent!
Technically and analytically, what I do now is easier than what I did as a chemical engineer, although it can get complex when you deal with hundreds of products and parts and such. But the bottom line is I get paid a lot more cause I'm in management.

 

[anoninnyc]

Hi All,
OP here.
Thanks for the responses thus far.
My understanding is that, in order to get into Wall Street, and ultimately into hedge funds, I would have to do one of the following:

1. Get an MBA from a top 15 B-school, OR
2. Get an MS degree in Finance or Financial Engineering.


Does this sound accurate?

Thanks!,
OP

 

[SimpleTrades]

Quote from aknaya1:

Here's another bright side: management roles get paid pretty well in some companies, especially when you get stock options and the stock market is up a gazillion percent!
Technically and analytically, what I do now is easier than what I did as a chemical engineer, although it can get complex when you deal with hundreds of products and parts and such. But the bottom line is I get paid a lot more cause I'm in management.

Thank you for proving to me what I knew deep down: managers do nothing and spend all day surfing the internet.

 

[aknaya1]

LOL yeah, I can do my regular job in 2-3 hours a day. I do my trading in one hour a day, in the morning, and then that is done too. I probably need a more challenging regular job, could try to move up to a director role I guess....