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.

From Compliance to Fixed Income Fund Management in Mexico: How to Accomplish the Impossible

Leave a Comment | Case Studies & Reader Success Stories - From the Back Office

From Compliance to Fixed Income Fund ManagementThe back office.

It doesn’t exactly get a great reputation.

And I must admit that some of that is my own doing.

Inspired by too many students who equate “any position at a bank” with “investment banking,” I wrote an infamous article years ago explaining why you should not work in the back office

…But I might have been wrong.

True, the front office is better if you have the option.

But if you don’t have that option, and you’re interested in the public markets, starting out in the middle or back office may not be such a bad idea.

Just ask our reader today, who recently moved from a compliance role into Fixed Income Fund Management in Mexico.

He reveals exactly why compliance might be a good area to start out in, the key objections he overcame to make the move, and what it’s like working in Fund Management in Mexico:

Compliance Comeuppance: Getting In

M&I Podcast Episode 001 – Sales & Trading Compensation in 2014

10 Comments | Podcasts, Sales & Trading - On the Job

Sales Trading Compensation 2014

When I sent out an announcement a few months ago asking for questions about sales & trading, I didn’t quite expect the response we got.

That one simple email generated 500+ questions, many of which were detailed and intelligent, and therefore way above my pay grade.

To solve that problem, I brought in an associate editor who’s written several great articles on S&T in the past, including one on the equity trading floor and another on a day in the life of an options trader.

He has trading experience on both the sell-side (bulge bracket bank) and the buy-side (hedge fund), and he also managed to write the best S&T interview guide I’ve seen, plus a great guide for S&T internship prep at

We sat down to discuss the most interesting S&T-related questions first – in other words, the ones about salaries and bonuses.

Here’s what happened: