Hedge Fund Seeks Recent College Grad to be Top-Notch Admin Assistant (Midtown)
- Thread starter knocks420
- Start date
1. Exactly. That's why the guy who pays your wages is called "boss". (If you want your opinion to be weighed, perhaps start your own thing. That way YOU can be called "boss", and your opinion will always count.)
2. In case you didn't know, that's how the military works.... and is why ex-military are often considered favorably for positions.
this is the biggest bs I read in some time. The ONLY way to learn the ropes in trading is to sit next to some top guys on the trading desk, nothing else. What you then do there can be anything (including menial tasks) but you are able to watch and breathe what they are doing and how they are doing it. To sign up as an admin slave or in the back office gets you nowhere. I have seen in over 5 years 1 or 2 guys who made it from back->front and actually showed the stamina to pick up things on their own. Came close to the probabilities of a lottery ticket, ok not quite but...why would a firm pick up anyone but someone who can start right off at the trading desk (possiby alreay with trading experience), especially in this market environment. Fired traders are currently lining up just to hand in their resumes. Admin is admin will always be admin.
Quote from monty21:
I don't think Merrill Lynch has anything to do with ET.
But I did personally trade a $350,000 account for a private fund in Stamford, Ct for about year... Unfortunately our parent company shut the division down. Anyway I'm going be doing the same thing in July for another firm (not sure exactly how much capital yet).
But yes.. for a recent college grad the priority should be to get a foot into the door. The experience is priceless, especially at a hedge fund. You will learn a lot by doing clerical work. You will frequently interact with the top traders and learn from them. No college graduate with a B.A. will be doing anything too important anyway. M.B.A Ivy grad trading assistants fetch coffee to their alpha-male bosses.
This is a great opportunity, especially during a recession.