Equities vs. Fixed Income in Sales & Trading: The Top 5 Myths You Should Stop Believing

8 Comments | Podcasts, Sales & Trading - Groups

equities-vs-fixed-income-sales-tradingYou can choose your friends, but you can’t choose your family.

What about your desk when you start working in sales & trading, though?

That one is somewhere in between friends and family on the “choosability” scale.

One small problem, though: if you look at most online discussions of this topic, you’ll get a very misleading view of what different groups and desks are like.

So our usual guest-for-all-things-S&T-related and I sat down to clear up the confusion.

Among other topics, we talk about how to decide between groups, how much math is required, how recruiting is different, and how the workplace environment is different… beyond just the type of trading you’re doing.

Get the full MP3 recording, the transcript, and a summary of the key points after the jump:

Equities vs. Fixed Income: Myth vs. Reality

How to Win an Investment Banking Offer from a Non-Target MBA Program – Without Any Full-Time Work Experience

10 Comments | Case Studies & Reader Success Stories - From MBA Programs

Investment Banking Non-Target MBAA lot of people want to go to business school.

Some even want to do it without having any full-time work experience first.

And I always respond the same way:

“Nooooo! Don’t do it! Step back and re-think your life first.”

But sometimes I’m wrong.

While it’s difficult to win full-time offers or internships at large banks without pre-MBA work experience, it’s not impossible.

And in some regions – like Canada – you might even call it “do-able.”

Our interviewee today moved from an engineering background in undergrad straight into a non-target MBA program in Canada…

…but still managed to complete multiple co-ops and win a full-time offer in a rotational program at a large bank.

Here’s how she did it:

Should You Quit Recruiting or Working Full-Time and Start Your Own Company Instead?

22 Comments | Government, Non-Profits & Entrepreneurship - On the Job

Should You Start Your Own Company?Recruiting sucks.

You network with hundreds of alumni… cold-email people via LinkedIn… write 51 drafts of your resume…

…and then you still have to go through multiple rounds of interviews, case studies, assessment centers, and more.

Here are the exact words one customer used to describe his feelings recently:

“3-4 hours of applying and networking per day is as far as I can push it – I can’t motivate myself to do more because there are fewer postings and alumni to contact every day.

This process is definitely soul-sucking: I did this for my junior internship, my first full-time job, and now I’m doing it again less than 2 years into this role.”

You might have similar thoughts, and then come up with a completely different idea:

Skip it all and start your own company instead.

If you’re putting in killer hours, dealing with psychotic bosses, and not even getting paid that much, why not just work for yourself instead?

Plus, everyone’s doing it these days – how hard could it really be?

Not so fast.

Perhaps finance is not for you, but your “Plan B” should not necessarily be starting your own company.

Despite the vast number of blog posts and books written about startups, several important points are continually glossed over.

Consider this your reality check.